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    Concentrate on the Process. Profits aren't a priority

    Abstract:We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.

      We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.

    WikiFX,

      The brush alone does not transform a painting into a magnificent masterpiece.

      A work of art is created by a painter's vision and dexterous hand.

    WikiFX,

      The end zone is not reached by a football on its own.

      It is the quarterback's ability to read a defense, position his players appropriately, and deliver the ball to the correct location at the correct time.

    WikiFX,

      It's not the “ridiculously great” indicator, the Cowabunga technique, or the “super duper” forex trading approach that helps you conclude the year in the black.

      It's your ability to read the market, execute the appropriate strategy for the moment, and continually use adequate risk management strategies that will, hopefully, result in more lucrative wins than losses over time.

      Forex trading, like art, sports, or any other sort of performance, is a multi-faceted skill. You won't be successful just because you have the right equipment.

      The only way to achieve success is to devote yourself to education and application of what you learn, as well as continual evaluation of your performance.

      The process of learning and careful practice, not the earnings, should be your primary emphasis at first.

      Continuing with the basketball analogy, if your aim was to make the NBA, would you be able to achieve your desired level of performance solely by playing games?

      Or would you progress more quickly if you focused on physical conditioning and practicing other abilities (jump shot, dribbling, footwork, passing, etc.) in addition to playing games?

      Isn't it more likely the latter?

      Do you believe you'd score a lot of points or win games if you went directly to the NBA without any training?

      Nope. We didn't believe so.

      Get to know the market.

      Learn how to trade forex and how to use high-probability setups and methods.

      Learn how to control risk and increase gain by using correct position sizing and stop losses.

      In DEMO, you'll learn how to put it all together.

      This approach will eventually lead you to a forex trading strategy or system that works for YOU, and your winning trades will start to outnumber your lost trades

    Next Lesson
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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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