How to become a trader?

The profession of a trader has always been shrouded in romance; luxury cars, huge houses, and expensive clothes are all associated with working on the financial market.

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 might seem that such a lucrative profession requires specialized education and numerous job references, but this is not entirely true – today, anyone can make money playing the stock market.

However, independent trading shouldn't be confused with working for a reputable hedge fund or trading with other people's money; to do that, you first need to become a professional and earn a reputation.

How do you become a trader? Open an account with a brokerage company, download the trader's terminal, fund your account, and trade on the exchange. That's practically it, and you can confidently consider yourself a trader, but is it really that simple?

Open an account . To open an account, you must first choose a suitable broker; the process is quite complex. Therefore, to avoid making mistakes, it's best to use only trusted forex dealing centers .

Fund your account . The choice of account funding options is vast, but the most convenient are electronic payment systems such as WebMoney or Yandex.Money. A regular bank transfer is also possible, but the question is how convenient it is for you to withdraw your profits this way.

Trader's terminal . Currently, the most popular forex trading platform is MetaTrader 4. It's completely free, and you can download the program after registering on your broker's website.

Practical trading . This is where the hardest part begins: the euro seems to be rising, you press buy, make a purchase, and within a couple of hours, close the trade and pocket the profit. But in trading, the technical part is the easiest part, while achieving real profits is quite difficult. To do this, you'll need to learn technical and fundamental analysis, practice on a demo account, and understand the patterns of exchange rate formation.

Becoming a trader is quite easy these days, but barely 5% of those who try trading on the exchange become successful. This profession requires persistence, patience, and a significant investment of time and effort—only after that will you have luxury limousines and villas.