Forex Trading Mentor

The moment I started making some profit on the foreing exchange market (forex), the word got out, and all my friends started asking me if I would teach them about the world of forex trading, in other words, if i would become their forex trading mentor, this is what I tell them:

The first thing is get ready for a life-changing adventure! Once you learn how to make money while sitting in front of your computer monitor, there is no turning back.

Then after getting them all fired up, because of my own enthusiasm, I get them into a free demo account as quickly as possible, usually within minutes.

Then, as their new forex trading mentor, I show them how to use an online trading station (free computer software that allows you to use your demo account to interact with the largest money market in the world – with over $1.5 trillion exchanging hands per day – HUGE market!). The great thing about these free demo accounts is that they work exactly the same way as a real trading account– instead learning how to invest in the stock market, for example, by trial and error and risking your money all the way – the forex market is so liquid (instant buyers and sellers) that both the demo and real accounts behave exactly the same! What a great way to learn – when you switch to a real account, you can’t even tell.

Then, I get them to practice, using various proven techniques, with their demo account until they feel comfortable that they are consistently making profits. At first, like anything, you need to learn from experts. You need a forex trading mentor to teach you forex! You can’t just do what you ‘think’ will work – you must learn techniques that really work. Trading forex is both a science and an art, so before you start to trade for real, a lot of practice is very valuable.
Then the day arrives, they open a real account and start trading in a mini account (designed for beginners or those who want to do smaller, yet real, trades). Once they see real money being made, they can hardly wait to trade in a regular account – but again I tell them to practice because now the trades are real. Because they did their homework and practiced proven techniques with the demo accounts, the transition to a real account is easy – the hardest part is learning not to shake in your shoes as they enter into this exciting arena along side the wealthiest people in the world. Keeping calm takes awhile and then they come to the realization that they too are on their way to making more money than they ever imagined.

So, the best advice I can give anyone starting is to educate himself with the help of a forex trading mentor to coach him all along. Following this sequence of steps already minimizes the risks but to have someone who really knows the trade to guide you is key to your wealth and success.
By following this advice myself, I survived the first few months and now make wonderful profits! I love it!