Forex Trader Day Life

Just want to share this pretty great infographic from Timothy Sykes, a famous trader. A lot of useful tips and basics. Worth saving and analyzing. 

Hope it helps.

Most of you probably consider how to find a decent Forex broker.  Well, here we go. There are top 5 of few my sources which I used for finding the best Forex broker! 

All of them I used when I was selecting the broker for forex trading so just take a look. I hope it’s helpful.

1. Broker Notes - they have a lot of comparisons, stats, details. 

2. Daily Forex - a huge source for everything related to Forex. 

3. Snug Trade - clean and simple website with some reviews of Forex brokers.

4. Forex Brokers - a decent source for finding a broker.

5. Investopedia Brokers Page - You all know this site, so they have some of the reviews too.

Well, again, I hope this list is helpful and will serve you for searches of the best broker. If you have some sites to add, just drop a comment. I would gladly save it for my further articles.

Do you remember, I was writing about the good traders? Well, look to this video. It shows one guy who is super successful, but he’s putting a lot of efforts to what he’s doing. Huge respect to him. Interesting video to see. Just don’t be caught with the idea that it looks simple. I bet he has done a lot before becoming so successful. Good watching, with all the love and respect, your Zehaffen! 

This is my second short post. I dedicate it for the all pro-traders which I feel a huge respect. 

To become a good Forex trader requires a lot of dedication and learning. Most of the newbies and newcomers look to forex as an easy way to get some passive income. That’s the most false statement I’ve ever heard. Never look to trading and forex as a simple thing. 

There is no doubt that there are some partial traders who make their moves on the evening, after their full-time job. And there are pros, partial traders, too. However, it’s hard to live from forex only trading on the night. And missing all the movements on the time when the trader is at his full-time job. 

If you want to be a good trader you must live with that. You wake up and read the news, you watch the markets all the time, you watch Bloomberg on TV, in general, you live with trading all your life. Besides that, you must understand what you’re doing and finally, you must make profits out of your trades. That’s what I call a good trader.

So never believe in gurus who states that you can be a good and pro trader just spending a few hours per day. It’s probably impossible. Why? While you spend your time, not on the Forex, someone else is doing that. Always learning, always looking the news, reading more and more. Checking analysis, doing graphs, etc. I could write a lot about what the pro trader is doing in his day, but that’s the difference. Not pros and partial traders are spending just their free time while professionals are living in the forex world.

So never say you’re pro if you have a lot of free time to watch something else than forex charts. Except you’re a unique genius who can make huge profits in a few hours a day. 

So all my respect goes to all pros who spend their lives because of becoming a top-level trader.

Many of you are probably thinking what that Forex means, and what Forex trading is?

Let me tell you more about that. 

First of all, Forex is the market which means foreign exchange, FX or currency trading, and it is a decentralized global market where all the world's currencies trade. 

When we talk about trading or especially Forex Trading then it’s, of course, means buying and selling different pairs of currencies. Pairs can vary, but some most popular is USD/EUR, GBP/USD, EUR/GBP, USD/JPN, etc. What it means? Well, it means that you buy EUR for USD, or you sell GBP for EUR and so on. It’s not that hard, huh?

If you want to go deeper into this, let's check this source - https://www.trading212.com/en/Get-to-know-FOREX-trading

It contains all the details you must know. 

If you want to go even deeper, then study the article from BabyPips.

Follow my Tumblr blog for more short, but very dedicated and targeted information. Wishing you best trades, Zehaffen!