The forex market is not the realm of experts anymore, because these days anyone can actually make money forex trading.
However, I have found that as much as you can make money forex trading, the market can hit you very hard if you don’t have a clear idea of what you are doing.
So, how can you make within the forex market if you have no expertise in the field?
Some of my closest friends often ask me this question, and I will tell you exactly what I have told them, to make money forex trading you need to have one of two things:
Education. You have to learn the fundamental and technical issues involved in the forex market movement, in order to spot the right entry and exit points for profitable trades. This is one way to go and make money forex trading, however, as much as this approach is my favorite because you are arming yourself with knowledge, it will take you quite some time to master all the techniques necessary to achieve consistency and avoid painful losses.
Technology. Nowadays technology is delivering the best option both for newbies and experts, because by adding real time mathematical and algorithmic analysis to the forex trade operation, the percentage of winning trades is simply overwhelming (usually above 90%), allowing you to make money forex trading with consistency. This means that if you back your forex trading operation with a reliable forex trading software you are sure to dramatically increase your profits while making a far more efficient use of your time.
Therefore, the best way to make money forex trading from the start is by using technology to your advantage, however, I recommend you always leave a place in you agenda for your forex trading education.