Becoming your own boss with Forex.

Hello guys,

I know there are people out here who have heard and even personally practiced trading on Forex platform i.e Meta Trader 4 & Meta Trader 5. The Forex market has always been super dynamic and sometimes guys have made loses and profits in equitable distribution or vice versa. But what can real make you able to make much profits and reduce losses thus contributing to your dream of becoming your own boss?
Future own boss please just take a deep breath and smoothly read this article because you are about to be given the simple masterpiece and blueprint for making it in Forex.
Amongst these simplest blueprint are:

1. Discipline
2. Self esteem
3. Knowing global politics and how they will affect the market
4. Correctly using RSI.

Discipline- On daily basis you must self discipline yourself not to be greedy. You must also displine yourself to be fast and not to hesitate when your trades are in profit to close before they turn into loss and also not to hesitate in loss before your account blows up. He who hasitates disintegrates in Forex.


Self esteem- Always have self esteem to make profit even if you started the day with a loss. With self esteem you can recover losses and make more profits just believe that.

Knowing Global politics and how the affect the market- One of the very important factor in daily Forex market dynamics is geo-politics and also central banks press releases. Any headline made by any major political lender with whose currency is offered on the quotes on Forex platform is always affected positively or negatively. The dynamics of Forex market will always have an expectation that if it is met the market will either go up or down and also if the expectation is not met the market of a particular pair of quotes will be affected positively or negatively.

Setting goals-As a Forex trader please just know it is important to set goals on how much profits you want to make per day,week,month or year. It is very good to be consistent as you advance and grow you profolio.  Let us postulate that you deposited 100 US dollars with your broker.
On the first day just take two pairs like EUR/USD and GBP/USD then trade using the a lot of 0.10 then target making a profit of 145 dollars, meaning you will finish your day with a total of 245 dollars. Tomorrow try adding more profit of $165 and then slowly by slowly and being consistent you shall succeed.

Using correctly the RSI indicator- For traders using smart phones it is important to use correctly the Relative Strength Indicator(RSI).Some have been show that whenever it is at or above 70 you may place sell trades then whenever it is below 30 or at 30 you may place buy trades. Yes this is true but it depends also with the geopolitics contributing to the market dynamics. So analyse and sometimes wait the RSI to touch below 25 then place a buy trade and cash out at 70 then wait the market to hit 78 before placing a sell trade that you shall cash out at 40.
For any further assistance just comment.


Have a great week trading Forex.