I never though I needed a live Forex trading room. When I first tried to learn how to trade Forex, I tried to learn on my own. Besides, I spent 15 years as a personal financial planner and thought I could do it on my own. I thought I was doing everything right. I started off with a demo account and was doing pretty good. Sure, I read a few e-books and attended a couple of webinars and even bought a $59.00 course. I didn’t even realize I had no real idea what I was doing until reality set in. It was like getting hit by a Mack truck. I opened a live account and started getting slaughtered. Every time a put on a trade it started to feel like I was next in line at the Forex Slaughter factory.
After a couple of months of torture a realized I needed to practice what I had been preaching for the last 15 years. That was, education first. With the proper education comes knowledge and then confidence. I bought quality, reputable Forex courses and attended a live Forex trading room. That’s when everything changed in my Forex career.
Learning from an experienced, professional Forex day trader in a live Forex trading room is the best route you could take if you are serious about becoming a full time forex day trader. If your concerned about the cost then consider the potential losses you will have or continue to have if you don’t get the proper training. Befor you know it, your account could be down $1000.00 or $2,000.00 in a matter of a few trades. Take that two thousand dollars and put it towards your education and learn in a live Forex trading room. You can also recoup those funds while your trading together in the live room with the professional trader.Imagine being a fly on the wall in a live Forex trading room.
You will be able to watch, learn and trade from a seasoned professional Forex trader in a real time live market. You’ll be able to interact and ask questions. You’ll also be able to see the exact entries and exits under all market conditions with the luxury of an explanation as to why the trade was entered and exited. The goal in a live Forex trading room is to educate you so that eventually you can take trades on your own without any assistance. In my opinion, there is no better way to learn how to be a successful Forex trader then learning it in a live Forex trading room and experiencing real time education during live market hours.
Breakdown of What to Expect in a Live Forex Trading Room
1. Each trading session, the Forex teachers will do a pre market analysis
2. Trading During Live Sessions with other Full Time Traders
3. Develop your trading skills in a safe, non-threatening environment
4. Learn trade with other experienced and like-minded traders
5. Learn to Trade Low Risk – High Reward Setups
6.Learn to Find Profitable Trading Opportunities in Different Types of Markets
7. Be in the Same Room as Other Like-Minded Forex Traders
8. Learn the value of Daily Economic News and how it could affect your trading
9. Learn About Trade Management
10. Learn to be Discipline and the Value of Consistency
11. The Value of Having and Following a Trade Plan
The whole purpose of learning in a live Forex trading room is to become a consistently profitable trader. At first you will just follow the teacher as they recommend trades. But the idea afterwards is to just get the guidance needed to start making those trading decisions on your own. You will be able to easily identify trade setups and opportunities. And then finally, on your own completely.
The aim of a live Forex trading room is to teach you a trading methodology and help you stay focused, disciplined and on track to becoming a successful Forex trader. The main goal is not just to call out live profitable trades, but to educate you on how and why those trades are placed so that you can duplicate the same thing in time all on your own.