3 Golden Steps to Profitability.

[Arya Stark]

You need only 3 steps to become profitable in trading:

1. Learn the basics online for free.
2. Learn from other profitable traders - only those who can show a long and verified track record. You can find them on Myfxbook (Forex and CFD), Collective2 (Futures), etc.
3. Come up with a strategy that shows consistent profitability in back tests.

Congratulations! Now you are a profitable trader! 🙂

 

[maya95]

Wish it was that easy but trading is way more complicated. There’s so much to learn, emotions to handle, and the market throws curveballs you don’t see in a simple guide. It takes time and practice to actually get consistent results.

 

[Magnolia_York]

Wish it was that easy but trading is way more complicated. There’s so much to learn, emotions to handle, and the market throws curveballs you don’t see in a simple guide. It takes time and practice to actually get consistent results.

Exactly. and all the above mentioned steps can take great deal of time to complete.

 

[aryanshirivastav]

You need only 3 steps to become profitable in trading:

1. Learn the basics online for free.
2. Learn from other profitable traders - only those who can show a long and verified track record. You can find them on Myfxbook (Forex and CFD), Collective2 (Futures), etc.
3. Come up with a strategy that shows consistent profitability in back tests.

Congratulations! Now you are a profitable trader! 🙂

Great advice! Starting with free resources is the best way to build a strong foundation. Learning from experienced traders who can actually show consistent results is really valuable. I also agree that creating a strategy and testing it for consistent profitability is essential. After backtesting, the next step should be trying it out on a demo account to see how it performs in real-time before risking real money.

 

[Arya Stark]

Wish it was that easy but trading is way more complicated. There’s so much to learn, emotions to handle, and the market throws curveballs you don’t see in a simple guide. It takes time and practice to actually get consistent results.

I disagree. There's actually not so much to learn and no emotions should interfere, since no one should trade manually. Manual trading cannot even be reliably back tested, so trading manually is worse than gambling. At least when you gamble, you know what to expect and the outcome is fast. In manual trading, it can take many months or more, to see that a strategy is bad. Through back testing it can take minutes to filter such a bad strategy out. Actually the longest step of the 3 steps I mentioned is the 3rd step. Instead of wasting many months on one strategy (not to mention all the frustration if it fails) you can use this time to back test hundreds strategies.

 

[rmufti68]

Get a demo account for free and practice what you learn from the resources till the time you become successful.