How to become a trader?

The profession of a trader has always been surrounded by a romantic aura; luxury cars, huge houses and expensive clothes are all associated with working on the financial exchange.

This is why the desire to become a trader arises in almost everyone who wants to earn a substantial fortune and rise to the top of the financial Olympus.

It would seem that such a money profession requires special education and a lot of recommendations when applying for a job, but this is not entirely true - today anyone can make money by playing on the stock exchange.

True, you should not confuse independent trading with working in a reputable hedge fund and trading with other people’s money; for this you must first become a professional and earn an appropriate reputation.

How to become a trader?

– open an account with a brokerage company, download a trader’s terminal, top up your account, make transactions on the stock exchange. That's practically all, after this you can safely consider yourself a trader, but is everything really that simple? Open an account – in order to open an account, you must first choose a suitable broker; this process is not quite simple. Therefore, in order to avoid making mistakes, it is better to immediately use only proven Forex dealing centers .

Replenishing your account - the choice of options for replenishing your account is simply huge, but the most convenient are electronic payment systems such as WebMoney or Yandex Money.

You can, of course, use a regular bank transfer, but that’s how convenient it will be for you to withdraw your profits in this way. Trader's terminal - at the moment the most popular platform for trading on Forex is MetaTrader 4, it is distributed completely free of charge, and you can always download the program after registering on your broker's website.

Practical trading - this is where the most difficult part begins, the euro seems to be growing, clicked buy - made a purchase, closed the deal a couple of hours later and pocketed the profit.

But in trading, the simplest part is the technical part of the work, but getting real profit is quite difficult. To do this, you will have to learn technical and fundamental analysis, undergo training on a demo account and understand the pattern of formation of exchange rates. It’s quite easy to become a trader at the moment, but barely 5% of those who try to trade on the stock exchange become successful traders. This specialty requires from the applicant - perseverance, patience, a lot of time and effort, and only after that you will have luxury limousines and villas.