FOREX TRADING TRAINING

by BASSEY NSEWO in Akwa Ibom, Uyo.

DESCRIPTION

The term FOREX mean Foreign Exchange which involves tradable world currencies in the financial market. Forex is the largest market in the world and trades on clock. The huge foreign exchange market has only recently become widely available to retail traders after the introduction of online forex brokers. These days just about anyone with a modest cash deposit, a computer or phone device with internet connection can get involved in trading currencies. By getting some basic training in market analysis and trading techniques is the first step to succeed in this largest financial market. Just like a good business person will ask himself/herself these questions: Why makes the business attractive.? Am I willing to take the risk.? Am I wiling to cope with the loses.? What sort of return will I be making.? These questions shows readiness on the part of a business person. To succeed in this field, I am willing to undergo series of training in order to benefit from this financial market...

Me and project friends on meeting

THE PLAN

Forex trading is a career i will be embarking on. It's lucrative if one is mentally, emotionally stable in order to succeed. Therefore, to become successful, i am willing to undergo series of training. I will also try to avoid this: GREEDINESS because it is a major or concern trading in the largest financial market. Additionally, I will control my emotions and stick to my trading plan. Furthermore, having a trading plan will help objectify my trading activities and can assist me in trading with much confidence even when recovering from substantial loss that can be emotionally devastating to some people. TRADE OBJECTIVES: 1. Goal Identification 2. Market research 3. Position Taking 4. Trade Management 5. Market analysis 6. Objective trade entry and exit 7. Market condition adjustment 8. Trading tools. Driven by motivation and love for the financial market, I will definitely succeed.