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How to Become a Professional Forex Trader

Before learning how to be a professional forex trader, you first need to know what professional forex trading is. Some people think that a professional Forex trader is a person who earns a lot of money through Forex trading as his full time job. This is not true. A professional forex trader is a person who makes a lot of money through forex or currency trading but trading is not his full time job and his only source of income. In fact, professional forex and stock traders are those who increase their wealth through currency and stock trading as an investment opportunity, not as a full-time job. Who gives newcomers the idea that they can become a full time and professional forex trader by opening a $100 or $500 live account and converting it into a few million dollars? Greedy brokers who think of nothing but making more money through trader losses do so. They know that many people love to get rich through forex trading and they do not know what forex trading is and so they can easily be deceived and scammed. Therefore, they enable you to open smaller live accounts with higher leverage, such as 500:1 or even 1000:1 and 2000:1. To become a professional trader you must learn how to trade. At first, you must learn the basics of trading. Then you need to learn a business strategy. You need to master your trading strategy through demo trading. When you are an incredibly profitable demo trader, you can open a "practice live account" to apply what you have learned to ensure that you can trade with real money just as you did with virtual money. If you can replicate your success with real money over the next few months just like a demo account, you can trade with a large live account or open a professional live account with a reputable broker. If you can trade through a bank account, you want more secure and more professional