Tuesday, August 12, 2008

So, you've decided to become a currency trader?

First and foremost, congratulations are in order! Although the journey you have decided to embark upon is surely going to be a challenging one, it will also be an extremely rewarding one if done properly.

Before i begin, i want to make it perfectly clear that i do not claim to be a professional. But i have been trading for several years now (since Jan 2003)and i am proud to say that i have reached a point where i can consistently profit. I think that puts me in a position to help some of you out.

If it's any consolation at all, i have been where you are at now...at the beginning! I know how that can feel overwhelming. You want to get started but don't know where to begin. Some of you may feel the need just to get started and see what happens. Some of you have surely come across various programs, mentoring services, signal providers that tell you exactly when to buy and sell, courses, methods of trading, etc, etc...the list goes on. Where on earth do you begin and how do you do this right?

The idea of this blog is to serve one and only one main purpose: to help you get started

It will contain some of my personal experiences, things i did right, things i did wrong and how i got to the point of profitability. But more importantly, how those experiences can help you.

We'll talk about brokers, styles of trading, types of analyses, money management, leverage, mentors, trading psychology, useful books and other resources pertaining to all these topics.

I will do my best to organize it in such a way that each post covers one idea at a time and do it in a chronological fashion from newbie up to the point when you are ready to take your first live trade.

Finally, keep in mind this blog is NOT a course. It is meant to introduce the necessary topics in a brief and concise manner while referring you to reputable and credible resources for you to further expand your knowledge on your own. My ultimate goal is to build this blog up to such a point that the information and resource content will be so complete that any newbie will not need to turn anywhere else. Whatever this blog cannot answer it will likely contain a resource link that can. It is a one-stop shop for everything you need to learn this craft, without driving yourself crazy trying to find it all yourself. So stay tuned!

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