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The Best Time to Become a Trader

This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
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The Best Time to Become a Trader

Postby analyst75 » Thu Sep 22, 2016 5:18 pm

“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town -- the international financial markets. So my interest shifted from playing cards to playing the markets.” - James Frazer

Someone in a West African country - a young man - had exhausted all means of getting a reliable livelihood, including hard manual labor. He resorted to commercial motorcycle riding. At least, he was able to get some money to feed his family.

One day, he’d a near fatal accident, and got confined to bed for weeks. I thought he’d never go back to commercial bike riding. I was wrong! Since he thought he’d no alternative, he went back to that job.

The young man went back to a job that nearly claimed his life because he’d no alternative; yet many quit trading because they lost negligible amount of money. People suffer ignominious defeat in other areas of their life and careers, and they don’t see any big deal in that. Nonetheless, they see a big deal in trading losses and they think there are better alternatives.

There are many people who tried to discourage me from trading when I started. These were people who were considered intelligent and successful in other fields, like religion, education, politics, etc.

For example, one respected religious man told me that he didn’t want to become a trader because he knew those who wanted to make heaven shouldn’t trade. What a totally wrong opinion about trading? That statement could discourage ignorant people from attaining their potential as traders. The man later sent me a personal email, asking me to remove him from my mailing list because he wasn’t a “businessman,” and he wasn’t interested in trading. I quickly removed him from my mailing list. He later blocked me on Facebook because he didn’t want to see some of my posts, which obviously related to trading.

I wasn’t deterred by his actions, for I knew his actions were also lined with envy. I knew he wasn’t the one to feed me or carry my responsibilities for me. He’d his own responsibilities and he’d even be glad if someone like me offered him some cash.

Years later, the same man was surprised that I’m still a trader, with a measure of success. I even sent him some money recently. He was grateful for the gift.

When Should You Become a Trader?
Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine.

How can this be possible? I’ll reveal the secrets in my coming articles.

Most people come to trading as a last resort: When they’re completely down, when they’ve nothing to rely on and they’ve exhausted other possibilities. This is a wrong time to become a trader, since the financial pressure on you would make it impossible to trader with sane logic and rationality.

It’s better for you to become a trader when you’ve another sources of income. When you know that some initial challenges you encounter wouldn’t endanger your wellbeing (and perhaps, that of your family).

When you’re supported by your family, your life as a trader would become easier. Joe Ross, a trading veteran, once said his wife suggested that he write down what he knew about trading so that his children could learn in the event they ever wanted to take up trading. What he wrote at that time became his first book. Joe Ross clearly had support from his family. What a blessing!

Don’t Give Up Trying to Become a Successful Trader
Several years ago, when I encountered initial challenges in trading, I was tempted to give up. However, I was lucky to come across some things that encouraged me to keep on going. I knew I’d no better alternatives than trading. Now I’m happy to be a trader. I can only look forward to a brighter future.

Trading success is sweet, liberating and enriching. There are numerous known and unknown traders all over the world, who make decent profits on monthly and annual basis. They won’t exchange this wonderful privilege for anything! By not giving up trying to become a successful trader, you’ll soon experience the joy of financial freedom that comes with trading.

Conclusion: Many a good trader has survived the point at which chicken-hearted people quit, and has been rewarded. If we also imitate such determined traders, we’d survive whatever the hurdles we come across and we’ll enjoy rewards greater than what people think we can enjoy.

This article is ended with the quote below:

“Roald Amundsen says: Adventure is merely bad planning. I have talked about Amundsen before and focused in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies. Much the same could be said about traders and trading/. If you are find trading an adventure or it is exciting/stressful then you are most likely doing it incorrectly.” – Chris Tate (Source: Tradinggame.com.au)


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Re: The Best Time to Become a Trader

Postby kxforexmart » Thu Sep 22, 2016 7:01 pm

When traders feel the interest about the business field of Forex and they are feeling the dedication and enough passion towards the business ,they can make good pips in a proper manner here for sure .
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Re: The Best Time to Become a Trader

Postby radex78 » Thu Sep 22, 2016 11:11 pm

Certain people they have more motivated because they love, if any trader already love with trading hence they will more motivated and never lose hope to learn because already trading like as part on their life, but indeed not easy to become profitable trader
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Re: The Best Time to Become a Trader

Postby Murray Bennett » Fri Sep 23, 2016 7:16 pm

We just need to make sure we trade through proper strategy and good planning; if we are able to do that then we will definitely give our self best shot as far getting success is concern. I have learned a lot with sites like Baby Pips and all that while the topping for me is OctaFX broker with their lovely demo contest like Southampton Supreme, it’s awesome with unlimited prizes to be won plus much more, so all this is very handy.
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Re: The Best Time to Become a Trader

Postby radex78 » Fri Sep 23, 2016 11:20 pm

Start trading forex is simple, what that needed to do is register account on broker then verify account, deposit money using payment system that available, then download platform mt4 to making transaction in the market, but most difficulties is how to making profit or maintain profit in trading
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Re: The Best Time to Become a Trader

Postby Gozmit » Sat Sep 24, 2016 4:26 am

The best time would be the one, when you have proper knowledge and experience regarding Forex Market, else you won't be able to make much profit. Also some Demo Practice is also needed.
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Re: The Best Time to Become a Trader

Postby kxforexmart » Sat Sep 24, 2016 4:53 am

When our knowledge about the Forex field is very clear and we feel that we are getting the confidence and the positive attitude is developing ,we can become a trader for sure and yes we should be very much passionate .
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Re: The Best Time to Become a Trader

Postby Sininfinity » Sun Sep 25, 2016 7:13 am

analyst75 wrote:When Should You Become a Trader?
Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine.


If one decides to become a trader, without hesitation one should start learning right away without spending any time. Learning takes some time and a mental toll on a trader during the learning process but it is a necessary step one has to do.
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Re: The Best Time to Become a Trader

Postby Apple Honeypie » Mon Sep 26, 2016 8:47 am

There is no perfect best time for any person when he can become trader. I think only your learning and knowledge can decide are you going to be good trader or not. That depends on you, so if you think you are good with your trading work, choose it as job.
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Re: The Best Time to Become a Trader

Postby hafizmd » Mon Sep 26, 2016 10:46 am

The desire to work with finance can't come in some time. Every person has to decide whether he wants trade or not.
Everyone can become a trader and even more... A successfull trader! Ive read that some people are millionaires in their 23 (like a young man from Africa). They are exceptional, but still people can earn. So why not? If you start doing this earlier, you'll learn to trade like a master till you be 30.
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