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|How To Become A Forex Strategy Developer by frostguy: 6:35pm On May 05|
Forex Trading as become one of the most major player in the financial sector with a daily turn over of more than 7.3 trillion dollar on a daily basis. Making it one of the most lucrative business online most especially after theworld's economy as been ravage by the COVID-19 pandemic.(people lost their jobs, businesses liquidating, e.t.c)
The forex arena is a big one with multiple facet each providing tremendous opportunity to earn passive income. Theseconsist of the following:-
1. TRADING THE FOREX MARKET
2.PROVIDING TRAINING ON FOREX TRADING
3. BECOMING A SIGNAL PROVIDER
4. SELLING FOREX SOFTWARE TO ENHANCED TRADING (includes, indicators, Expert advisor, e.t.c)
All the above listed facet are common type ways we are mostly conversant with when it comes to profiting from forex
but becoming a strategy developer and developing various working strategies for cooperate brokerage firm as well as financial
firms could even attract greater reward.
Here i want to highlight what it takes to become a strategy developer:
1. You must Learn forex from the scratch and understand how the market works
2. You must practice using the fundamental knowledge acquired together with strategies you seen online (either via
youtube, forums, e.t.c) to start gradually to develop your own.
3.Put your strategy into test with a demo account first to know the level of performance for several months. If the result
is not profitable (that is recording streaking losses). Scrap that strategy and go back to the drawing board.
4. Read and Learn more forex materials and do more research via accessing the internet to get more valuable resources .
5. Then you begin to have a more deeper understanding of the market's dynamics and the forces at work, and finally
you developed a working , profitable, and proven strategy .Note the whole process before getting to this stage
might take between 5-15 years and even sometimes more.
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