What’s up guys. Let’s talk about it forex, where to start. So listen, you’re ready to tap into the world of forex. You’ve seen the results. People are getting maybe someone close to you, maybe just looking around a line and you’re wanting to learn this skill set for whatever reason you have.
It’s a great reason to want to learn it. But guys, what I want to give you today, I want to talk about the five things that are definitely necessary for you on your journey to start in Forex. All right. So let’s get right into what you need.
#1 – MetaTrader 4
Okay. And one, the very first thing you need guys, you have to have a little app called MetaTrader four. You can have it on your phone, computer tablet, because listen, if you want to trade, you can’t trade without it. MetaTrader four is the platform guys to where you go to keeping it simple, not getting all technical, but this is where you’re going to go into your trades.
And this is where you want to go buy and sell in the market guys. And you can’t execute anything without MetaTrader four. Okay. So that’s the first thing you got to have not empty five to get MetaTrader four, download that.
#2 – Broker
All right. Number two, you gotta have a broker guys. You have to have a broker account.
There are so many different brokers out there. Uh, I would just definitely say Google best Forex brokers and you can’t go wrong. I’m sure you’ve heard of some of the ones out there. There are many to choose from guys.
Just look at what they offer, um, and for a demo account anyway, just so you can set one up and just, and pick one and go with them. Okay. But, um, you know, definitely you want to start out with your demo account. Do not try to go trade, live straight out of the gate.
Okay? Because here’s something you gotta learn about forex It’s not about just going in and pressing buy it and sell and thinking. You’re going to go out and make a boatload of money. Don’t work like that. Okay. You got a lot of things you got to learn in order for you to now put yourself in a position to make money in the markets, but definitely just get a broker and start with a demo account.
#3 – Money
All right. Number three, you need money, guys. You need money in order to get into the foreign exchange market. If you’re trying to make money, it takes money to make money. I’m just keeping it 100 with you guys. Okay? If you’re going out here and saying, Hey, I want a trade. You need some money to trade. Trust me, people think you can just go out of here and just magically just whatever it may be.
Get a bonus, a star with that or something. No, you need money to put into your trading account. There are some trading accounts guys you can start with with as little as $10, but in my opinion, if you want to start and just, even if you don’t have a ton of money, guys, I would say I wouldn’t start with nothing less than a $100 account when you’re getting ready to start trading live.
Okay? My suggestion guys get used to a demo account, right? For a couple of weeks before you go live. And then when you have more bearings on the, you, then you can go live. That’s just my opinion. So the third thing you need guys, when you’re starting out, you need money.
#4 – Guidance & Mentorship
Number four, guys. You need to have some type of structure, some type of guidance and mentorship. And my personal opinion, just watching a ton of videos on YouTube is cool but not efficient.
And you can mix and match some things together and you can learn that way, but that’s just going allow, uh, that’s going to make the road for you to become successful that much harder to tap into. And when, okay, I’m just being 100% honest with you guys.
You need to have some guidance. You need to have some mentorship, plug it into some form of a system. That’s going to give you training. That’s going to give you education. And then, and even also give you tools to help you earn while you’re learning. All right?
#5 – Proper Mindset
And number five guys, in my opinion, this is the most important thing of everything I just shared with you guys. You have to develop the right mindset that comes along with training, with studying, with, with being consistent guys. This is something that’s not on paper. This is something I’m just giving you all to understand that I’ve been trading now going on four years next month.
And the biggest thing I, the takeaway I’ve had to make it in. This is not for the weak of heart. It’s not for the faint of heart. It’s not for the emotional person. Yeah. Emotions are a part of it. But if you don’t have the right proper mindset to know how to manage yourself with trades, how to go in, when what’s going to happen, when you lose and how to handle winning, it’s a way to handle winning too.
So you have to develop the proper mindset in order for you to be in a trading market. So develop your mindset, guys. All right. So those are the five things I have for you.
In Closing
I hope you all found that to be a value to help you start out on your journey. Now here’s a couple of things I want to share with you really quickly.
I have a free group on Facebook. You’re more than welcome to hop in and check it out. The platform I’ve been learning to trade from for the past four years, inside of that group, I’ve give an under the hood inside, look at it.
And right now, as it stands, this platform has helped over 300,000 people around the globe, learning skillset of trading. If you want to check out and see what it’s about, click here.
When it comes to trading, it is 90% mental guys and 10% technical. So if you can develop the right mindset, you can be in this thing Long-term. On your journey I have a guide, a ” Free Cheat Sheet” that can help you starting out and you’ll know the right things you should be doing and the things to avoid.
If you’d like to grab a copy, fill out your info below and I’ll send it right over to you.
Again, I hope you got value from this and we will talk soon!
P.S. – I go live with new content daily on my Facebook page @ 8pm cst, or even if it’s just to connect with me, here’s my page http://facebook.com/eddielharvey
