If you are interested in trading Forex from home, this article is for you and will give you some simple tips on how to learn Forex trading quickly and also, how to make big profits in 30 minutes a day so let’s take a look at trading Forex from home in more detail.
The first point you need to be aware of is that you need to learn the basics and NOT buy one of the cheap Forex Robots or software packages online which promises you a lifelong income with no effort for around a hundred dollars – if trading was that easy, over 90% of Forex traders wouldn’t lose money.
While you need to learn and put in some work, the good news is anyone has the potential to become a winning trader and anyone can learn quickly and that’s because a simple currency trading strategy will work better than a complex one because it has fewer parameters to break. You should keep your strategy simple but what sort of strategy do you need?
You should base your trading strategy on using charts and simply following price action and if you do this, you don’t need to look at the news or know anything about economics so its very time efficient. You are focusing on where prices are moving not why there moving! All you want to do is spot trends and lock into them for profits and if you look at any currency chart, you will see trends that last for many weeks and these are the ones you need to focus on.
Many traders like to trade short term and trade the noise of the market so they scalp and day trade but you can’t catch such small moves and these traders do a lot of work and end up losing money. If you focus on the big trends you do less work and make bigger profits and many traders make just a few trades a month and rack up triple digit gains.
While anyone can learn a system which can make money most traders have difficulty making money and the reason for this is they lack discipline. Discipline is the ability to trade without your emotions getting in the way and to follow your plan. Most traders let losses run, over ride their system – their responding to their emotions and of course they lose. The fact is if you can’t follow your trading plan with discipline, you have no plan!
If you want to trade currencies from home and win you can, its easy to learn a system that can make money and if you choose the right mindset it will make money and you will enjoy long term currency trading success.