Recent content by snsFX

It depends on whether it's a bear or a bull market.

I agree. Start with a demo account. Get some practice time and some time in front of some charts. While it is true that a lot of traders don't make it, that's true with any business. Most new businesses fail in the first 2 years. However, I don't think you should go into it expecting to fail...

Trade station is great, but if you don't want to broker with Trade Station it can be tough to justify the expense. It's pretty pricey.

There are a lot of misconceptions out there and a lot of truths. There are a lot of different types of brokers out there. You're probably going to want someone who is regulated or certified because those are brokers who are under the supervision of some type of regulatory body. The best way to...

Hi Luke, Welcome to the forum. I see that you're using Metatrader. MetaTrader isn't bad if you're new to Forex and don't really know what you're doing, but if your goal is to be a professional trader then you should get a professional charting package. MetaTrader is limited and it is almost...

Commitment and Belief. You have to take positive action to improve upon your conditions. People want results, they want to see results and success, but if they don't see that in the beginning then they go out and try to read and study as much information as possible. That just leads to an...

Psychology. You have to outfit yourself mentally if you intend to be a successful trader. If you go into it thinking that you're going to fail - you will. It's important to get the foundation (e.g. learn the strategies, create and FOLLOW a trading plan, etc.) but psychology is what will carry...

Hello. I'm from Kansas City and I'm somewhat new to FOREX trading. I'm excited to be in the forums and I look forward to learning & growing. :)