Million Dollar Traders was a program done in England where 8 novice traders were selected to trade as a Hedge Fund. I think at home traders, like Forex traders, can learn a lot by watching this series.
I don’t think most people aspiring to be at home traders realize what it is like for professional traders working for a firm. And even though Million Dollar Traders is about trading stocks, at home Forex traders can learn a lot. This is not easy, and you should not expect it to be.
Too often, people are looking for some simple “gimmick” that is going to make them rich overnight without having to learn anything or put in any effort. Since they don’t know what it is like for real traders, they wrongly expect profiting in the Forex markets to be easy. (Actually, the closest to simple and easy profits is using a signals service).
The truth is, if you want to learn Forex you are going to have to put in the effort. You are going to have do 1 of 3 things…
- Learn from a professional willing to teach you and practice until you can trade under live market conditions.
- Use a proven trading system and learn to trade it exactly according to the rules.
- Or, use a signals service and have the trading decisions made for you.
Here are top resources to help, no matter which path you decide…
Best Forex Training
Best Forex Systems You Can Duplicate
Best Forex Signals
Anyway, watch the Million Dollar Traders program. It could be eye-opening as to what it is really like to be a trader. My hopes is that by understanding the difficulties traders face, you’ll be better prepared to choose the path that leads to trading success and profits in your account.