5 Steps To Becoming A Successful Forex Trader

Watch the video below to learn the 5 steps to becoming a successful Forex Trader:

Get the Cheat-Sheet:

5-Steps-To-Successful-Forex-Trading-Cheat-Sheet

The task for today:

Create a trading journal. If you are comfortable, share the link in the comments section so you can socialize with other traders.

21 Responses to “5 Steps To Becoming A Successful Forex Trader”

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May 20, 2015 at 12:02 pm, Hao Li said:

Thanks for sharing Kirll, its really interesting to learn the story of how you started the forex and the lesson learned from each stage.

Is there any suggested forum that is good for keeping a journal?

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May 20, 2015 at 12:40 pm, Kirill said:

Hi Hao,

Thanks for the great feedback!

Try the ForexBoat forum – I’ve created a special section called “Trading Journals”. You can be the first one there ๐Ÿ™‚

http://forum.forexboat.com/

Cheers,

Kirill

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June 10, 2015 at 12:56 am, Abdelmoula Elmastouri said:

Hi Kirill,

Thank you very much for this video, it’s contain a grate lesson as usual .
Thank you.

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June 10, 2015 at 5:36 am, Kirill said:

Great! Glad you liked it ๐Ÿ™‚

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July 01, 2015 at 8:26 am, Steven Damon said:

I somehow skipped this one and saw the second one first. Great opportunity to learn from previous mistakes without having to go through all them myself and its a good reality check. This seems to be a recurring theme that I’ve picked up on from your courses (Forex Trading for Beginners and Forex Money Management): you’re very optimistic and enthusiastic about getting into Forex Trading but you’re not setting false expectations or making wild claims. Due diligence, mental resilience and a plan seem to go a long way. Thank you for sharing!

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July 08, 2015 at 12:44 pm, Kirill said:

Thanks mate, appreciate the comment. You pinpointed my attitude to Forex spot-on! There’s nothing to be afraid of, and similarly it’s not a get-rich-quick scheme. You put in the hours and effort and you get the results. It’s like having a job, just better – because you can earn substantially more and you can achieve financial and locational independence.

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September 01, 2015 at 2:04 pm, Martin Burza said:

Hi Kirill, your tutorials and courses on Udemy are realistically encouraging, what I really appreciate! Iยดm just still wondering if commissions and other charges from brokers per trade, are negative aspect of LLN strategy you recommend… thank you for any further explanation! Iยดm looking forward to learning more from you!

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October 29, 2015 at 7:28 am, Toni Fasth said:

First off,

thank you so much for making all these tutorials, whether free or not, does not really matter, They are worth every penny and even more. ๐Ÿ™‚

Money management indeed is the most important part of trading. I’ve managed to turn even the most terrible trading strategies into profitable ones using proper money management combined with risk management and trade management. It is crazy how the numbers work out. ๐Ÿ™‚

Sticking to strict rules and practicing as much as possible is as you stated, also very important. So is being social and keeping a journal.

All these steps really help rock the Forex and even other markets or other “Money-games” (betting etc…).

Once again,
Thank You Kirill!

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November 30, 2015 at 7:58 am, Kirill said:

Great to hear Toni! I hope you enjoy the rest of the videos in this series of trainings!!

Kirill

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November 28, 2015 at 10:51 am, Madimetja Shogole said:

Hello Kirill,

Honestly, you are my hero. And this video – goodness me!!!

Thank you so much for the teachings. And yes, these are better than many of paid courses offered online. I am learning so much from your material. And you are exactly what I needed to kick off my Fx Trading career.

I look forward to sharing my successes with you one day.

Thank you…thank you…and a HUGE THANK YOU.

Cheers,

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November 30, 2015 at 7:58 am, Kirill said:

Thanks Madimetja! Looking forward to hearing about your successes ๐Ÿ™‚

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January 01, 2016 at 12:33 am, Mohamed Amr Elkhafif said:

Hello kirll;
I have registered in almost all your udemy courses but i still need to learn more, Can you please recommend the best 10 books you’ve read to reach forex knowledge mastery?!

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January 02, 2016 at 5:09 am, Kirill said:

Hi Mohamed! Thanks for being such a great student. Here’s two: “Trading Chaos” by Bill Williams, 2nd edition – the strategy is no longer relevant but the concepts in other chapters can be interesting. “5 hour workweek” by Tim Ferriss, 2nd edition

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January 28, 2016 at 6:27 pm, FxGuru said:

Kirill, Thanks for sharing 5 steps!

IMO, money management will always remain one of the crucial and sensitive spheres. No matter how lucky or smart a trader is, one can’t mess with MM.

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April 13, 2016 at 6:04 am, Kirill said:

Awesome! Glad we agree.

-Kirill

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April 12, 2016 at 5:12 pm, Fernando Baeza said:

Hi Kiril!!

Is there a problem with the video?? It freezes at 00:01.

All best

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April 13, 2016 at 6:03 am, Kirill said:

Hi Fernando – just checked, works fine. Please try from another browser / device.

-Kirill

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April 25, 2016 at 10:58 am, Joe Ola said:

Thank you very nice. You are right about not trading alone in the room. I and my friend have been looking for a group to trade with live in a room, but is very difficult to find one around London.

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June 18, 2016 at 12:55 pm, ogunwole olalekan emmanuel said:

Hello Kirill, I’m here to commend your great work. Thanks for empowering humanity and keep it up. God bless you. Please, I want to implement automated trading (robot) on my account. Please help me out. Thanks

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June 19, 2016 at 8:03 am, Menno said:

Hi Kirill,

I,m new to forex. You share your knowledge in a positive way. I’m eager to learn more. I’ll dive in to your teachings. There is a lot to learn. Thank you for sharing.

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August 02, 2016 at 6:35 pm, Ajay Patel said:

This is really amazing I tool your course forex trading A to.Z and that is really amazing awesome job.
I already lost 100$ and 500$ within just 2 days infact within few hours then I decided to learn learn and learn before again taking a risk. So I completed A to Z course and enrolled for Meta Trader 4. I am dam sure that this course is also gonna be excellent and 5 star as my first course.

Thank you so much for such a great way of explaining the things simply and keeping the things clear.

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