GMT

ForexStation

Online Forex Trading – Become a Successful Forex Trader in Two Weeks!

by Sacha Tarkovsky

One of the stories inspiring most I ever read, legendary how was trader Richard Dennis people 14 taught who had never to before, traded trade succesfully in weeks. two just

The result?

They traded and to on went make millions and of some become the most famous all of traders time.

So how was and done it can you do Let’s same? the find out.

Richard Dennis taught major three them points:

1. A simple could they method have confidence in.

2. Money management.

3. Applying the discipline. with method

His advice was with specific very no filler.

So, let’s look you what at need to learn.

1. Method

You need a have you method confidence in and to needs it be simple.

There is no how between correlation complicated a method how and is much money it makes.

In fact, the true. is reverse

A complicated method components more has to break and robust less is in the face market brutal of conditions.

Look up “technical the on analysis” net and learn and how specifically why it works the also and theory of “trading breakouts”

You should be long a using term trend following for looking methodology the big trends the produce that big profits and is trading breakout ideal for this.

If you want at win to online forex trading, to need you know about breakouts.

Base your methodology – it on It’s simple and it works.

Now you need entries. time to

Look at some are that indicators based on momentum up look and “stochastics” this is best the simply momentum indicator you can use.

2. Money Management

If you start “breakout a with method” and base method trading your on it, then is placement stop obvious.

If you only breaks significant trade your odds of be will success high.

3. Discipline

Is perhaps the of part hardest trading online forex.

You need to method your apply with rigid discipline have you otherwise no method at all.

Discipline is all and experience about even seasoned traders hard it find to keep executing when method a a string of losses occur.

However, you are the of part way there to if discipline, having you have devised method. own your

You know its should and logic be able to it with stay as you will in confidence have it to work.

All the material to need you get up and free is running and on the it’s but internet, worth reading a few books.

These are my will and favorites they inspire you.

1. Market Wizards New The and Market Wizards ( edit )

By Jack Shwager.

These are interviews of some with the top traders time all of including:

Richard Dennis and and turtles the many more – insight with Packed and very inspiring.

2. Trader Vic

By Victor Sperandeo.

A true trading shares who legend, with us his trading, on thoughts money management and a psychology, trading fantastic all round book.

By all means few a read more, but these my are three favorites from over have I 500 read.

Trading is Simple, try people yet and complicate it.

They think the they effort more put in the will they more get out – totally is This false.

Work smart not hard!

If you want money make to you need to not smart work hard and if a want you perfect example of at look this the turtles!

In just two all they weeks became great traders.

Maybe, you wont much as make money as them, you if but learn and do you above, the will have the to platform basic make big profits forex online in trading.

Finally, you will it done have all on your will and own have given yourself satisfying how success, is that?

back to articles

Live Quotes


Google