How can a beginner learn forex trading quickly, easily, and effectively? This question is often asked to me either via email or WA chat.
Actually online forex trading is a simple and easy business, but it looks complicated because it is obscured by a lot of information and knowledge that is not really needed.
Especially now that there is so much information. There are so many hoaxes and misleading ones. Ordinary people who are not practitioners and are incompetent in this field also commented and gave "judgments".
So it's not surprising that more and more myths and negative perceptions about forex trading are developing in the community.
Okay, then how to learn to trade quickly, easily and effectively in the NOW era? Is there a way that is classified as an instant learning of trading knowledge and the results (profit) can be directly felt by beginners?
Luckily we now live in the modern era, everything is made easier thanks to technological advances. Including for trading matters, there is already such a thing as a TRADING ROBOT. The term is popularly known as Expert Advisor (EA).
Why do I highly recommend beginners to use EA in their trading?
1. THERE IS A READY TO USE SYSTEM.
There is an opinion saying, we should be able to build / create a trading system (method) that is most suitable and comfortable for ourselves. Yess I agree 100%.
SYSTEM = METHOD ( rule ) + MONEY MANAGEMENT + MOMENT ( condition ).
But the problem is, making a trading system is not an easy job, especially for beginners. There are still many old traders who have not been able to make it.
The knowledge and abilities of a beginner are still minimal so they need to be guided, directed, and made rules/systems. They just follow and run.
Talking about trading systems, there are actually many scattered on the internet. Not to mention if you join a paid trading workshop or seminar, usually the mentor has provided a system that will be taught to its members.
Because there are many systems, my advice is not to compare one to another and you'll get confused. Just choose one and stick with it.
Also don't be too stiff, say a little bit "this doesn't suit me and it's uncomfortable .." or a million other reasons.
Though it has not been tried and trained diligently. Even if you have been trained but only briefly, only once or twice. Unfocused, inconsistent and undisciplined to train it.
How do you know it's OK or not? Come on, don't be a lazy trader who isn't serious about taking the time to practice, being too quick to judge and giving up .. These are the characteristics of traders who are difficult to move forward.
If we want to succeed, we must be willing to learn. All successful traders are diligent learners. We can't be too idealistic, expecting everything to fit our way. Everything needs adjustment and adaptation.
2. VERY DISCIPLINED.
After having a system, the next step we have to train it. EXERCISE requires excellent psychological conditions.
Practice requires commitment
Exercise requires focus.
Exercise requires discipline.
Herein lies the next challenge! Humans are very vulnerable to being unfocused, bored quickly, losing enthusiasm, and being undisciplined. This is the role of the EA to help traders from a psychological perspective.
The EA works AUTOMATICALLY according to the system that has been implanted so that there are various classic reasons that traders often complain about, for example there is no time to analyze, forget to open the chart, do not have time to trade and so on. All that can be minimized thanks to the help of EA.
3. TRAPS USING EA.
EA was created as a trading tool but is often misunderstood and misunderstood by its users, especially lazy traders who have an instant mentality.
With the help of an EA, it is possible for a beginner who does not have trading skills to STILL GET PROFIT consistently while LEARNING to hone his trading skills (earn while learn).
This is the advantage of EA as well as a trap if the perpetrator is not careful. What often happens is that they are lulled by the convenience of getting a profit, their account grows. But forgot to study the EA.
They idolize EA. Feel the EA is great to be able to make money. They think profit comes from EA. Woow.. this is wrong thinking, TOTALLY WRONG !!
Profit does NOT come from the EA, but from MARKET CONDITIONS that match the method / system that is embedded into the EA.
Any trading system can be profitable IF it is in the right market conditions. The EA is just a robotized trading system. EA is actually manual trading that is automated so that traders don't need to be in front of a laptop Keep going.
Remember the explanation above,
SYSTEM = Method + Money Management + Moment.
Now EA has helped traders in terms of methods and money management. The trader's task has been greatly reduced because these two things have been automated. Traders are quite disciplined with their standard "settings". Later when the more advanced, these settings can be explored more advanced (flexible).
Studying EA means we learn to understand the EA trading system. We must know the detailed process of manual logic (methods and money management) and understand which market conditions are suitable and which are not suitable so that traders know when the EA should be turned off or run according to market conditions.
This learning process is much easier, more practical and can be accelerated if done with EA rather than manually. Usually it takes me less than 2 weeks to make members able to UNDERSTAND the trading system that I teach (as well as get a profit). The next thing to do is continue to be trained to improve experience and flight hours.
4. STORY OF SELLER EA / Trading Robot.
Okay now we have understood the correct CONCEPT OF UNDERSTANDING. The EA that is often promoted by its sellers as a dollar-producing ATM machine is NOT ENTIRELY TRUE. And also not completely wrong.
On the one hand, EAs can indeed help "lighten" the trader's work while being able to generate profits IF run in the right market conditions. But on the other hand, EAs can be dangerous (generate losses) if they are in the wrong conditions AND users don't know how to anticipate
A good EA seller must educate buyers with the right understanding and be accompanied by guidance on how to "drive" the EA properly.
5. CONCLUSION.
Trading using an EA is like having a business that has been systemized automatically. Businesses are able to run on autopilot because there are already "employees" running.
We are CONCEPTORS.
EA is the EXECUTOR.
We are the boss and EA is a smart employee, hardworking and disciplined to run the system. As bosses, of course we have to understand what system employees are working on.
Don't let the boss "lose smart" than his employees. Ideally, the boss should understand more in order to manage his employees properly.
Or like the others, we are the driver and EA is a sophisticated car with the ability to run automatically. Even when the driver sleeps, the car can still run itself (driveless).
The role of the driver is needed when the road conditions turn to traffic jams, crowded, many potholes, there are sharp turns, and so on. The driver needs to make adjustments so that the car can still run optimally on "unpleasant" road conditions.
Likewise trading using an EA, the role of the trader is needed when facing changes in market conditions that are not in accordance with the EA system. THE SECRET OF SUCCESSFUL TRADING is how traders master the EA while being able to adapt in the midst of changing dynamic market conditions.
EA is a trading tool that is POWERFULL AND PROFITABLE if we can use it correctly. Intend to learn it, then consistent profit is something that is very likely to be achieved.
HOPE IT IS USEFUL
CONSISTENT AND OPTIMAL PROFIT GREETINGS.
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