What do I need to trade Forex

Post on: 31 Март, 2015 No Comment

Essentially 7 things have to come together. After you have setup an account with a broker so you can execute trades what do you need?

They are:

Essential tools to trade the Forex ( Forex Trading System)
Education to understand how to calculate Forex movements ( Forex Training)
A Forex Trading System to execute trading strategies based on risk vs. reward
A firm grasp of technical analysis
Some help along the way
Experience
Your psychology

ProAct Traders has brought all of the above under one roof. Let’s look at them briefly.

Essential tools to trade the Forex

The ProAct Forex Trading System is “cutting edge” technology with 3 proprietary tools available nowhere else. There is no seperate data feed cost to you since the data feed cost is included in the cost of the charts.*
All the special indicators are built into the charts behind the scenes so a trader does not need to learn what indicators and setting to use — that means your learning curve is shorter.
Traders who learn to scalp must be 90% correct to be succcessful — so we do NOT do that — we learn to find the target, get a great trade setup to accomplish that move and learn to manage the trade to the target.

*Do you want to know how much that is? Click here and then click on 86,400 per month … hint: it is $164 per month just for the cost of the candles for one user. We aggregate this and spread the cost over hundreds of traders which allows us to buy data in volume.

Forex Education to understand how to calculate Forex movements

We have a vast library of tutorials, ebooks, recorded webinars for traders.
We do market analysis daily in the New York.
We have a beginners library online 24/7 and it is free.
Struggling/intermediate traders have their own weekly webinar
We have a live training session everyday in the New York Session.
A daily and weekly blog to give you a trading idea.
Mentorship is also available (paid) for serious students who want to collpse the timeframe to learn

A system to execute trades based on risk vs. reward

A firm grasp of technical analysis

We have daily market analysis in the New York session.
Weekly we have an Endeavor class for Live room and Fast Track traders who are struggling to understand the concepts of technical analysis or are adding to their trading arsenal.
Tutorials and recorded webinars are available for each of the groups above.
There are lots of tutorials (200+) in our library devoted strictly to a piece of technical analysis.

Some help along the way

A live training session every day in the NY Session.
The ability to ask for a “one on one” and get some help.
A knowledgebase online 24/7
Email help
Experienced live traders who teach our classes, man our rooms and do our webinars.
Mentorship is also available to those who want to accelerate their learning and collapse the time frame to learn the Forex.

Experience

This is the one thing we can’t give you. This is totally determined by your dedication and commitment to your dream. We advise that you paper trade 3 hours for every hour that you live trade in the Forex. We can tell you this: If you bounce from system to system you will never get the experience you need to progress. But if you commit to us, we will commit to you. After all, our motto is “No Trader Left Behind”.

Psychology

When all of the above comes together, your psychology comes together also. You are now confident in your ability to analyze the market, confident in your trade setups, comfortable with your money management and risk/reward management and experience has taught you that losses are part of the process.

So commit to the process — click the links below and get your experience under our roof. Don’t fall for the hype that you can become an accomplished trader in 3 weeks- even if you have been trading stocks, options or whatever before. This is a business and will require the same commitment, dedication and grunt work that every business requires.