Becoming a successful forex currency trader is not what we saw before. Basically, there are 3 phases to becoming a successful trader. from the planning stage, from trading decision making, and has become a trader.

A currency trader or also known as a foreign exchange trader is a person who spends a lot of time in the world of foreign currencies. They will move the price of a currency and see it with other currency assets that are more profitable.

Today, the demand to become a forex trader is great and continues to grow. This is because many of the best forex broker promised huge profits and be successful like any other trader you know. But as it turned out, no one would have imagined.

Forex traders, if they want to make a profit, must first understand the rise or fall of currency values. They have to predict when to buy or when to sell precisely. Never start trading on the currency market and other brokers if you don't understand the basics.

3 Phase to be a Successful Forex Currency Trader

So that you understand more about one's journey to becoming a successful trader, we have divided it into 3 main phases. The phases that we will explain below start from when you are just planning, before starting to trade, and when trading.

This phase is also what determines whether you will gain more profit from this trading world or even lose. In the discussion below, we will also include some tips from professional forex currency traders, such as:

1.Before you just have a Plan to be a Trader

The first phase of becoming a trader is the planning phase. You can't just ignore or skip this because trading is overwhelming. All of this has to do with finance and you should be able to see and learn trading through social media.

For example, through the YouTube platform, you have to find out who is the right forex currency trader to be your role model. Find out their strategy to make a large profit. With this plan in place, the 24/5 market is no longer a problem.

2.Before you Take a Trade

When the planning is in place and you already have a big picture of the trade, that is only the first step. In this second step, you must first understand the 3 main elements of trading, such as the market, time, and strategy.

Find out what instrument you're going into, whether it's Spot, Futures, or Options. You also have to think about time, because forex currency trader must be disciplined. And don't forget about strategy, determining the indicators for instance.

3.When you are in a Trade

Now you have entered the world of trading, but this should not be without education. There are many lessons that you will learn since you start to trade. For example about risk. You will understand more how to manage the risk properly.

In addition, your strategy will also be more varied when you start trading. If you often lose at the beginning, don't take it as a sign that you have to stop. No forex currency trader is successful quickly, there is a phase of achieving that success.

But we still firmly believe that not all traders can be successful without a broker. If you choose Salmamarket Forex broker as your trading platform, then the profit will come automatically. Don't choose the wrong broker if you don't want the money to go away by itself.

When trading, you may often lose. But did you know that it still has something to do with the way you start the trade？ All of this correlates, if you want to be a successful forex currency trader, then you must go through all phases from a newbie to an expert.