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SeaGenerator

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About SeaGenerator

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    Level VI
  1. I can't really give you any education advice because I believe that everyone learns differently. However, the following is how I got started and eventually made a living from currency trading today. Step 1: I learned the fundamentals of forex trading from a book titled '10 Essentials of Forex.' I discover that I am very interested in this topic and thus search the internet for additional materials. Step 2: I enrolled in an online forex course to learn how to trade forex swings, followed by another that teaches me about candlesticks and other technical analysis techniques. Step 3: I created a demo account to test the effectiveness of what I've learned. As a result of this process, I weeded out some of the strategies that I don't like or find ineffective, and I'm now down to two that I think work best for me. Step 4: I practice and fine-tune the strategies on a demo account for six months until I am able to generate consistent profit for three months. Step 5: I opened a mini account and traded the same strategies as on the demo account. Although I am consistently profitable on a demo account, the transition to live trading results in a losing month because I am cutting my profits short because I am trading with real money. It took some time for me to return to the winning stage of money by sticking to my discipline of letting the profit run. Step 6: After accumulating my capital from the profits I've made over the last few months, I switch to a standard account with some additional funding and eventually become a full-time trader today. The entire process took me about 13 to 15 months, and I will say it was completely worthwhile because trading has given me the freedom and money that my previous day job as an engineer did not. Best wishes to you
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FOREX trading carries a high level of risk and may not be suitable for all investors. Leverage increases risk and loss exposure. Before you decide to trade foreign exchange, think about your investment goals, level of experience, and risk tolerance. Your initial investment may be lost in part or entirely. Do not put money into investments that you cannot afford to lose. Educate yourself on the risks of foreign exchange trading, and if you have any questions, seek advice from an independent financial or tax advisor. Any data and information is provided "as is" for informational purposes only and is not intended for trading or advice. Past performance is not a predictor of future outcomes.

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