My goal is to earn $10,000 USD per month in Forex in less than 5 years. When I tell the more seasoned Forex traders by goal they don’t even blink at this number and some consider it “conservative”! But for me this is what I can currently get my head around. I know it can be reached with the right mindset and strategies.
I don’t feel bad about losing out as luckily I have been reading the “Trading in the Zone” book so I know that its not personal and its a learning experience and NEVER let this experience make you more wary of entering another trade. I am not trading today as its non farm payroll day.
If you are interested in Forex trading to generate an extra income up to a level that you can leave your day job or even to supplement your retirement savings I recommend you attend one of the Free Forex seminars that Knowledge to Action are presenting in New Zealand this February.
Knowledge to Action stresses big time about risk management and money management. Their 3 strategies for Forex trading all include a “setup” process that includes analyzing the trade for risk versus reward.
One of the first tasks you need to do after you have completed the Knowledge to Action Ultimate Forex training course is work on your Forex Trading Plan. This document helps you to define your trading plan so you have a set path to follow when trading in the Forex market.
The 3 strategies are a very good fit for newbies like me to use but they are also very good for existing Forex traders. The strategies are designed to reduce your risk trading in the Forex markets but to also reduce the effort involved trading Forex. This is great for people starting out who still have a day job or limited time to devote to Forex.
I have add an awesome day of Forex training! The Knowledge to Action 2-day Forex training event is living up to its name as a full-packed day of a knowledge dump!