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⍰ ASK Mastering Forex Trading

Mastering Forex Trading takes relentless commitment, like becoming a surgeon or a pro athlete. It demands daily grinding, unwavering passion (not just chasing dollars) and the guts to stick it out when things get ugly. I would summarize the path in 3 main points:

  1. First, you absolutely need to learn the basics. I have some courses on Udemy. Some for beginners, some for advanced. You wouldn't believe how many people enroll directly in advanced ones asking “how do I calculate position sizing?” or “why is my margin so low with lower leverage?”. Not knowing these fundamentals means you are at risk of losing your entire account with every single trade you take, even if you have a proven profitable strategy. Learn the basics and make sure you truly understand them.
  2. Learn a strategy. Realistically, this means building your own strategy. Don't expect functional strategies shared online. Many instructors and YouTubers recycle the same concepts: support/resistance, indicators, demand/supply zones, ICT, Smart Money Concepts, etc. They repackage these ideas, knowing they don't work. Their income relies on teaching these concepts, not trading them.
    As I mentioned, I also have some courses on Udemy. I don't share my exact strategies, no successful trader in their right mind would do that. I provide a framework for you to grasp the underlying ideas of my trading systems so that you can build your own system. I teach you how to backtest it, how to optimize it, how to find an edge. But, ultimately, you create your own profitable strategy, you don’t get mine.
  3. Be emotionally prepared. Trading is a brutal game. Many times you'll think you've finally “got it”, just for the market to humble you again. In your journey, you will lose money. You'll feel frustrated, stressed, depressed, overwhelmed with negativity, constantly questioning if consistent profit is even possible. It intensely challenges your mindset and psychology. If you're not ready for this, you'll inevitably make common mistakes like revenge trading or overtrading that can cost you everything very quickly.
It's not easy to succeed in Forex Trading. Even putting in thousands of hours doesn't guarantee success. If you lack a genuine passion and the determination for this specific path, you would honestly be better served pursuing a different career.

Hope that helped
 
Both Forex and options have their benefits, but it depends on your trading style. Forex offers high liquidity and 24/5 market access, while options allow for more strategic flexibility with predefined risk. Forex is generally simpler and faster, while options can offer more complex profit potential. Choose based on your risk tolerance and strategy.
 
Choosing between forex and options depends on individual trading goals and risk tolerance. Forex offers high liquidity and leverage, making it suitable for quick trades. Options provide flexibility with defined risk and the ability to hedge investments. Each has unique advantages, so it’s essential to assess which aligns better with your strategy

Trading forex online might provide you with a lot more leverage than playing options.
Foreign currency trading (Forex) has far more liquidity than the options market. This indicates that when it comes to trading, Forex trades will be considerably easier to fill than options contracts. This increased speed equates to a higher potential profit.
 
Mastering forex trading is not that easy. If it were that easy, then almost each and every person would have had been making money in the forex market. There are various problems associated with forex trading many people usually ignore. Many people ignore the fact that forex trading involves creating an effective strategy. Moreover, you must also back test those strategies for a really long time. This is something you should be considering while trying to think about trading in the forex market.
 

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