I find the best way to learn forex trading is through a mentor. Not all of us have mentors to look up to, so this article, I will serve as a mentor giving you the forex trading advice that I learned the hard way.

Sometimes the simplest things have the most ground breaking results and the trading journal really does help. Now, it isn’t like a “bookies” journal where you just write down one line for your trades, you’re going to use this as an accountability journal as well as a feeling journal. You’re going to include all this for a trade:

• What you’re trading for and at what cost
• Why you decided on this
• What you expect to gain
• Why do you believe you will gain that
• How did the trade conclude

This serves as a very good reference, so you can look back in a few months time to see how you progressed. You can also use it to see what you did during a specific trade.

One thing I noticed people do is they attempt to learn, learn, learn and than learn some more. This is detrimental because you’re just becoming book smart, not street smart. In University science courses, they usually have 3hrs a week for learning theory (book smarts) and 3hrs a week for lab (street smarts). You have to promise yourself you’re not going to get stuck in this pattern of constantly trying to know more and more before you ever do any trading. Decide that for every few hours you learn, you have to do a few hours of applying it in the real world. That doesn’t mean you have to go out and use your real money, just use the demo for Forex Killer and you can simulate buying in the real market.

Well, that was my little forex trading mentor attempt. You just got to become someone that learns, applies and documents. It really makes you more accountable and more effective trader. Forex Killer’s demo account lets you trade without having to use real money, but get the same experience as if you were really doing it.

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