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Forex trading is accessible, exciting, educational, and offers traders lots of opportunities. Despite all this, many traders fail to learn how to become successful traders, and don’t achieve good results in this market. In fact, a high percentage of Forex traders are losing money. Learning to trade Forex and learning how to trade in general can be difficult, and that’s why we have created this article for you.

This article will teach you how to become a successful Forex trader, and how to trade on the live markets. Additionally, it will show you the best trading practices for beginners. In fact, since you’re reading this, you are already on the right path to becoming a successful Forex trader. Below, you will find actionable advice for beginners and pros alike. Without further ado, let’s dive right in.

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What is a Trader?

A trader is someone who places orders on the market, sometimes on behalf of financial institutions (big banks, investment funds, hedge funds), or other times, as an independent trader. Exchange orders, such as purchasing or selling stocks, are either in the trader’s own name, or on behalf of clients or for the financial institution or broker that employs them.

There are several categories of traders depending on the traded markets: foreign exchange (forex), equities, bonds, metals, coffee, meat, etc. In today’s world, there is a trading market for almost all goods (meat, coffee, etc.) and commodities. Most existing contracts are settled in foreign currency, and do not deal with physical delivery.

For example, a professional money market trader manages the cash needs and surpluses on behalf of the bank or clients for which they work, in the short or medium term. A forex trader manages currencies based not only on client needs, but also on the various fluctuations expected in the short and medium-term. An equity trader, on the other hand, trades shares in anticipation of market behaviour, as the trader’s goal is to buy before the share price increases and sell before they fall.

Types of Successful Traders

As we mentioned previously, there are two general types of traders:

  • Those who trade on behalf of clients
  • Those who trade on a personal account

Traders who work for financial institutions or brokers buy and sell shares on behalf of their employer’s clients, and not with their own money. This means that rather than making a profit or a loss on the trading itself, they earn a salary as a trader. In this case, the trader takes virtually no risk in the market – it is on the customer buying or selling financial instruments to cover the risk. The trader’s clients may be anything from individuals to companies that do not have a trading room of their own.

Those who trade on their own personal account are using their own money to earn profit for themselves on each individual trade, and not through a salary. These accounts are funded with their personal funds, and trades are executed through online trading platforms. Even though online brokers offer leverage, the amounts traded by home traders are much smaller than those of a professional trader. Since online trading is often done on the OTC (Over the Counter) market, the success of traders in their own accounts are only estimates.

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How to Become a Trader: Defining Success

Now that you know what a trader is, how can you become a trader? Better yet, how can you become a successful trader?

The first thing that you need to do when it comes to trading Forex is to understand what you want to achieve, and how you define success. What do you want to achieve?

This is something professional trader and coach Markus Gabel discusses in detail in the free webinar on becoming a successful trader below.

In deciding what you want, you have to be realistic. Set yourself a realistic and quantifiable goal. This could be something like: achieve 20% annual return on investment, earn 5000 USD of profit, get a total of 100 pips per month or something similar. Whatever you decide, your goal should also be easy to measure. What is also important is to set a goal that can be achieved over a long time frame – it is recommended to set an annual goal to achieve rather than a monthly goal.

Once you have set your main trading goal for the year, it is now time to start learning how to achieve it. The best way is to identify which resources are available to you. This may include the size of your deposit, the amount of time you are willing to spend on trading, and the amount of available funds you are willing to spend on trading-related matters (software, etc.).

Once you have a clear vision here, it is time to make an action plan. This action plan should include the currency pairs you are planning to trade and the number of trades you are going to commit to.

This can feel a bit overwhelming for new traders, so the good news is that in this article we share our top 10 tips to help you become a successful trader.

But first, if you’re a rookie trader looking for a place to learn the ins and outs of Forex trading, our Forex 101 Online Trading Course is the perfect place for you! Learn how to trade in just 9 lessons, guided by a professional trading expert. Click the banner below to register for FREE!

10 Beginner’s Steps to Become a Forex Trader

1: Set aside expectations

Problems arise when new traders become obsessed with chasing profits, and this anxiety can lead to mistakes that cause losses.

So the first rule to become a trader is to forget unrealistic goals and objectives. The prospect of earning money in Forex with just a few quick trades is extremely unlikely. Operating in a risky and overconfident way can lead you to lose your initial investment.

By setting a high profit objective, you create great emotional pressure, which could result in one of the biggest errors people make when trying to become traders: falling into excessive actions or overtrading. We will return to this concept in tip #7.

Generally, most veteran traders focus on a single thought: “Earn the money you need and don’t stress about earning more.”

As an alternative to focusing only on how to earn money in Forex, try to focus on learning a trading strategy and researching all the trading tools that are within your reach. This will help you establish a lasting approach so you can become a successful Forex trader.

2: Define your trading risk profile

Before making any substantial commitments, get a good understanding of the fundamental aspects of the market. Assess your capital at hand, read trader testimonials so you have realistic expectations of returns, and research the markets and currency pairs you’re interested in. If you don’t feel comfortable with the dynamics, don’t invest in forex, even if it’s profitable. This applies to any market.

If, on the contrary, you think that your investment approach is in line with the Forex market, go ahead!

But keep in mind the following:

  1. Invest only what you can afford to lose without affecting your standard of living.
  2. Diversify your investment, it is recommended that you do not invest more than 20% of your total investment funds in any one market.
  3. What is your risk profile: Moderate? Aggressive? Conservative?
  4. Prepare to lose. If after a series of bad trades you are willing to keep trying, forex is your market!

3: Choose a trading strategy

Once you’ve chosen to become a trader, the next step is to come up with a general strategy. There is no right or wrong way to trade, what really matters is that you define the strategy you will use in different situations.

Sometimes you will see that one trading strategy works well for a currency pair in a given market, while another strategy is more suitable for the same pair in a different market, or in other market conditions.

To become a successful Forex trader, try to focus on harmonising your online trading strategy with your risk profile. Research all the trading tools that are within your reach. Study the techniques that seem logical, and think about how they can be used in your strategy. In addition, you can study how markets behave and learn how the industry works.

Finally, if you want to succeed in trading, don’t forget to do extensive tests by backtesting your favorite markets until you feel secure in your strategy.

4: Set aside your emotions

This may sound very simple, but it is necessary. Emotions are the worst enemy of people who want to become traders. Some traders try to see trading as a game where they try to beat the market, and then when they start losing, they feel overcome with disappointment.

First of all, trading is not a game, and you should never treat it as one. Forex trading is a financial activity that is a mix of analysis and discipline. You should not blame the market, or worry about your losing trades.

To become a successful trader, you must understand the mechanics of forex, trust your analysis, and follow the rules and strategy you set. This is the definitive key to reaping the benefits of forex. Emotions can ruin a trader’s experience, so it is vital to set them aside and not involve them in trading.

If you are down, do not trade. The same goes for being excessively confident and excited: refrain from trading, or be knowledgeable about your mental state. Excessive trading confidence can cause great losses.

One of the best ways to prepare yourself for the emotions of trading is by testing your skills on a free demo account.

Instead of heading straight to the live markets and putting your capital at risk, you can avoid the risk altogether and simply practice until you are ready to transition to live trading. Take control of your trading experience, click the banner below to open your FREE demo account today!

5: Set your stop loss and take profit

No matter what your trading strategy is, you should always set a stop loss. This type of order allows you to define the closing price of your trade. Your trade will close once it reaches that level, even when you are not present. In other words, setting a stop loss will give you the peace of mind of not losing more than the limit you defined.

Note that stop losses are not a guarantee, as there may be occasions where the market behaves erratically and presents price gaps. If this happens, the stop loss will not be executed at the predetermined level but will be activated the next time the price reaches this level. This phenomenon is called slippage.

The take profit is the most frequently used order in the forex market. This order allows the trader to close a position automatically when prices reach a predefined level.

In the video below, you can learn how to set stop losses and take profits in MetaTrader 4 and 5.

6: Keep up with the markets

How can you become a successful trader? Staying up to date with market news is vital. Many market movements are driven by news, central bank announcements, political events, or the expectation of any of these. This is what’s called fundamental trading.

Even if you are a technical trader, meaning someone who makes trades based on chart analysis of a market instrument, you should still pay close attention to the fundamentals, since such events are a key factor in market movements. For example, if you have a reliable trading strategy and several technical indicators that indicate a long trade, check the forex calendar anyway to make sure your order matches current events. Even if your technical trading strategy works perfectly, the fundamental news can change everything.

7: Avoid overtrading

Overtrading is the result of seeing opportunities to make money in forex where there really aren’t any. Some people who want to become traders look for opportunities to reach their goal, but on many occasions they may or may not realise they are deceiving themselves, and this wishful thinking and is putting their money at risk.

There are two common types of overtrading:

  • Trading too frequently, and
  • Trading with too much volume.

Trading too frequently, outside of scalping strategies, is a sure way to lose more money than can be made.

To explain why this can be detrimental, In this Warren Buffett speech entitled ” How to stay out of debt“, Buffett espouses the need for strict discipline when investing:

“In investments, you have to wait until the opportunity is clear, because the markets are not a game. In baseball, sometimes you have to swing at many balls that you don’t expect to hit, but this is not necessary in the financial markets.

There is no harm in waiting for more than a day for an opportunity to arise. You can simply wait until favourable price action arrives, and this shows that you really know what you are doing, and that is when you enter the game. You just need a couple of trades.”

When you’re thinking about becoming a trader, it makes sense to follow this same principle in the forex and CFD market. The lesson is clear: a trader does not have to make a lot of trades to be successful, they just need to make the correct trades.

When you are trading on a live account, you must have a strategy with specific, pre-established conditions for the entry and exit of trades. Simply follow your plan and do not trade on impulse. Trade carefully, and with a lot of volume

The other context for overtrading is to operate with too much volume. For many people, leverage is the culprit.

But is this true?

As we know, forex brokers and CFDs offer significant leverage in their trading accounts. In principle, this exists to give traders the opportunity to earn money in CFDs and forex with small investments. This gives more people the possibility to become Forex and CFD traders, and thus use the services offered by these brokers.

However, in practice, abusing high leverage is still very common among beginner traders who are tempted to maximise their profitability in forex. In reality, what they are doing is maximising their real loss.

High leverage does not inherently mean falling into error. Leverage is simply a tool that allows you to operate with larger trading volumes, resulting in the trades having a larger margin. This is a double-edged sword – if the market moves in your favour, your profits are amplified. If it moves against you, the same is true for your losses.

Trading with excessively high volume makes an account more susceptible to margin calls. The important thing is to learn to avoid overtrading and understand leverage. You can learn more about leverage, you can read all about it in this article, and empower your trading knowledge.

8: Accept that, eventually, you’re going to lose

Every trader wants to become a success. In reality, ‘success’ does not mean that you always win in each trade, but that the average across all your trades end up with a positive balance. Closing each and every one of your trades with a profit is simply impossible. Some professional traders may be consistently profitable on a daily basis, but none can show a trading statement that does not include a single losing trade.

If you lose a trade, do not despair. Some of the most successful traders with decades of experience have confessed that less than 40% of all their trades are profitable, and some even cite less than 20%.

The trick to being a successful trader is for the winning trades are profitable enough that they produce enough profit to cover their losses and maintain a net positive. Keep in mind that this is very common with traders who have participated in the markets for a long time. It takes a lot of mental strength to admit mistakes in decision making, and to close an order with a small early loss.

On the contrary, it also takes a lot of strength to trust oneself and not close an operation with benefits too soon. You need to be patient and follow the trend.

9: Develop a trading plan

There has been much talk about discipline in trading, but very little about being an organised trader. It all starts with your trading routine. You need to have a strict trading plan that covers most of your trading activity, which will help you reduce risk from unforeseen shifts in the market.

Many beginning traders develop negative trading habits. One example is the aforementioned overtrading, in which once a trader starts getting lucky and they continue to trade until they overdraw their account.

On many occasions, some traders have good trades due to chance or luck, which ends up reinforcing the negative habits in trading, resulting in it being nearly impossible to break these bad habits. How can this person become a successful trader if they repeatedly leave the result of their trades to luck?

Many traders believe that luck will not abandon them, but as everyone knows, luck is not infinite and one it runs out, it will create consistent losses. Therefore, it is important to reinforce healthy trading habits, as these will help you achieve your goal of becoming a successful Forex trader.

10: Choose a broker that matches your risk profile

If you are worried about the financial security or reputation of your Forex broker, it can be difficult to focus on your trading. If, on the other hand, you have confidence in your Forex broker, this will free up mental space for you to devote more time and attention to analysis and developing FX strategies.

Research prior to committing to a specific broker can go a long way, and can improve your odds of being a successful trader in the competitive foreign exchange market.

So who is the best broker?

The best broker is not the one that promises to help you become a successful trader. The best broker will have the best answers to these questions:

  • Are they regulated by any government entity?
  • Will your money be protected and insured?
  • How will the customer service be once you open an account with them?
  • Are they a good Forex broker for beginners?
  • Do they have a good trading platform?

You should take time to research the best broker for you, as will find a lot of reviews on forex brokers and all kinds of online forex broker rankings. When it comes to online forex trading and CFD trading, as well as dealing with forex brokers and CFD brokers, you should always trust yourself, as deciding who is the best Forex broker and who is the best CFD broker will ultimately come down to you.

When it comes to our thoughts on the best Forex broker, we might be biased, but we think that Admiral Markets does a pretty good job.

Admiral Markets offers over 8,000 unique instruments to trade, with industry-leading offers in spreads, low commission, as well as negative balance protection to give clients the best possible experience and chances for success.

Over 100,000 traders have chosen Admiral markets as their broker, and it’s thanks to their continued faith in our product and offering that Admiral Markets has been given numerous awards.

Admiral Markets UK Ltd. is a regulated broker, and you can read reviews of the services provided on the FPA website.

Admiral Markets also offers extensive educational resources, such as free webinars where you can learn to trade from successful professional traders discussing market movements and the fundamentals of trading. Beyond the webinars, we also have an extensive library of educational articles for you to learn every detail, strategy, and fact about the industry and market.

So, if you’re ready to trade the live markets with Admiral Markets, you can open a live account by clicking the banner below!

Bonus tip: The importance of Forex education

The Forex market is constantly changing, so traders need to be able to understand the ups and downs of this market. There is no patterned formula or set of rules to guarantee success in Forex. Instead, it is a combination of many things all at once – and to succeed in this market traders need to be patient, talented and mindful.

Understanding this is the first step in Forex learning. If you are interested in beginning your Forex education, why not consider taking Admiral Markets’ Forex 101 course, so you can learn how to trade on Forex and CFDs with online lessons from experienced professional traders, completely free of charge.

Being able to talk about ratios, charts, indexes and trading should be regarded as a skill to aspire to when you start to learn about Forex trading. In the beginning, it can be tempting to rush through your learning, but it’s important that you step back, take the time you need, and advance at a sensible rate. You need to be able to constantly evaluate your performance, and understand the reasons behind your wins and losses. Now let’s see why should you learn how to trade Forex the right way.

Now that we’ve covered the basics, let’s take a look at the steps you need to become a professional Forex trader:

Professional Forex Trading Tips

Pro Step 1: Develop your trading strategy

The most significant step in preparing and protecting long-term participation in the market is to build your personal trading strategy and to stick to it. Once your feel confident that you’ve done enough research on the instruments and technical aspects, gotten a feel for the market with a demo account, and defined a realistic risk profile, it’s time to develop your strategy.

Whether you choose to be a forex scalper or long-term investor, the point of your strategy is to develop consistency and routine. As with every other trade, practice makes perfect. The deeper your knowledge and experience with an instrument or technique, the more you’ll be able to make more consistently successful and thoughtful decisions within it. As you grow as a trader, your strategy will likewise grow with you.

Pro Step 2: Do not overtrade on a demo account

Many people want to become Forex traders, but most never move beyond trading on a demo account. The truth is that, in order to become a successful trader, your trades should consistently be making you money. And the only way they will make money is if you are trading with real money on a live account.

For this reason, it is vital to switch to a live trading account as soon as you’re ready. If you’re going to use a demo account, your goal should be to use the demo account to learn the ropes, with the intention of switching to a live account once you understand how to trade.

For new traders who are trading consistently using their demo accounts, usually a month is enough time to understand the mechanics of the trading platform and to start becoming a professional trader.

It is advisable that traders should not postpone live trading for more than three months after they have started trading on a demo account.

Pro Step 3: How to Become a Successful Trader in Forex

Finally, once you’ve established your trading strategy, and switched to a live trading account, you should move on to the next step—or steps, rather:

  1. Develop a trading plan and always adhere to it.
  2. Set stop-losses for every trade. Otherwise, failure is almost certain.
  3. Don’t risk more than 2% of your margin per single trade.
  4. Keep your emotions separate from trading.
  5. Never trade to compensate for your losses.
  6. Only trade when you feel it’s the right moment.
  7. Don’t be afraid of losses, every trader has them.
  8. Try to achieve more profitable trades, and have less unsuccessful trades.

This is the right path to follow in order to become a good Forex trader. You will be facing lots of losses and stress along the way, but don’t give up. With effort and passion, you can make up for any bad experience you may have.

If you would like to learn more about professional Forex trading, you can do so with any of our educational webinars – many of which provide you with the opportunity to learn about advanced trading psychology and candlestick trading in the Forex and CFD markets.

Start Trading

It’s not difficult to begin trading, and you can begin with a demo account from Admiral Markets within minutes. Simply create a Trader’s Room account, download and install the trading platform software of your choice, and begin trading! If you feel confident in your trading ability, you can instead go straight to a live account and upload your funds and start trading the markets in real time.

Being a Forex trader allows you to work from nearly any place with an internet connection. Hotel rooms, cafes, and—thanks to the latest technological developments—even more distant corners of the world. Forex traders are blessed with strong growth potential, and their lifestyle can certainly offer a lot of enjoyment. But if you’ve ever taken this path, you know this gift does not come easily. The sooner you start, the faster you’ll get there. So why not start trading now?

About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

How Fractional Investing is Changing Everything

It wasn’t long ago that investing in anything required a brokerage account and a minimum deposit of $10,000 at least for most of the brokerage houses available to the common investor. You also had to either understand how the markets worked and have a good understanding of the investment strategies you made, or at least trust your investment manager to know for you. The problem with either model is that neither provided you with either a guaranteed return or assurance that no capital investment would be lost, and either required you to have the money to open an account. Fast forward to today. Anyone with no ties to employees of brokerage houses or publicly traded companies can open up a cash management or brokerage account with no minimum deposit. Transaction fees can range from as low as $0 per trade. Many trading websites offer research tools, which can be quite extensive, sometimes beyond the comprehension of the average investor.

In recent years, investment firms began offering index funds. Index funds are funds that behave similarly to the market indices. Stocks tied to these funds are typically more expensive to purchase because they are in higher demand and as a result have much higher trade volume. They are also less volatile because there is always demand. For example, for every seller’s ask, there is a buyer’s bid not far from the ask and vice-versa. Since the objective of any equity is to outperform the market indices, it is typical for some equities, particularly those in small-cap stocks, growth stocks and emerging markets to be more affordable. They also tend to be considered higher in risk and volatility. That’s because there is usually more speculation revolving around these stocks. Even still, to purchase any stock from an investment website requires capital. For example, the best stocks to buy today are expensive. How expensive? Try $1,103 for one share of Google stock (Alphabet CI A) and $346 for one share of Netflix stock, as of 2/11/2020. The only way to invest in these stocks is to buy the shares at $1,103 and $346 respectively. The average American, especially the recent college grad, doesn’t have the money to do this. This is where fractional investing enters the room and completely disrupts everything we know about how to invest.

Fractional investing is the practice of purchasing only the portion of any stock or fund based on how much you are able to invest. Through fractional investing, you can purchase any fraction of the current value of any share of stock. What’s more is that there are a great number of investment platforms that allow you to buy and sell infractions. Purchasing shares in fractions offer you the ability to slowly buy into shares of desirable stock that you normally could not afford to buy outright. For example, you may not be able to purchase one share of Google stock, but for $10, you can buy just under one-hundredth of one share (if Google is trading at $1,100). You can purchase one-tenth of a share of Netflix stock for $35 (if Netflix is trading at $350).

Many new investment platforms are popping up each day, tailored to the new investor. These investment platforms use the index fund model combined with fractional investing so you can buy fractions of popular index funds that don’t try to beat the markets, but rather perform in line with the markets. This reduces volatility and increases the likelihood of long-term gains that exceed the inflation rate. People can elect to have their monies deposited from their chosen checking account as one-time occurrences or as recurring deposits. The monies are then invested fractionally based on short and long-term goals.

My favorite investment platform is M1 Finance. M1 Finance allows you to create your own investment portfolio where you can mix index funds, bonds, and stocks. As you make recurring deposits, the system automatically rebalances your portfolio based on the percentages you created for your equity and fixed income holdings. There are no fees and no minimums, though you may have fees associated with expense ratios for managed funds.

If you want an investment platform that does all the work for you and even buys and sells holdings to maximize tax-losses or tax-loss harvesting, look no further than Betterment, Acorns, and Wealthfront.

All of these investment platforms automatically invest your pennies into popular portfolios with a healthy mixture of equities and fixed income holdings. If you want the ease of automatic investing, but you want some control over what sectors you value most, then look no further than Stash and Motif, where you can select from curated mixes of stocks based on industry, mission, and value. Many curated stocks are pooled together based on social responsibility, something that rings interest among millennials.

Why is fractional investing changing everything? Well, let’s think about this for a moment. Fractional investing introduces more people to market investment. This dilutes the number of investors not only among shares of stock and sectors but within individual shares. Fractional share investors are less likely to buy and sell positions when announcements are made about a particular company or sector, thus reducing sudden fluctuations in stocks and the market as a whole.

It could be concluded that recent dips and volatility in the markets may have been stifled from even higher volatility because of the constant inflow of new investment capital into the markets, created by the passive recurring deposits scheduled by fractional investors. This leveling effect is in sharp contrast to the volatility created by day traders that flooded the markets nearly two decades ago, which today, can only be compared to the current wild, wild west of the cryptocurrency market. Unlike fractional investors who characteristically do not pay much attention to the markets, day traders use a mixture of methods with the sole purpose of beating the markets. They buy and sell securities many times over to gain profits from short-term price fluctuations. Positions are held on a short-term basis with day traders relying mostly on hour-to-hour sentiment. Sentiment depends on many factors including news regarding publicly traded companies, analyst ratings and forecasts, stock price fluctuations, sector indications, federal reserve announcements, and of course the jobs report. Very rarely do most day traders use the sophisticated models used by actual fund managers.

The introduction of the passive fractional investment platform may have accidentally created a whole new segment of investors that reflect a more mature investor who is not concerned with daily sentiments, but rather long-term performance, and who is more concerned with long-term returns rather than short term bets to beat the markets. The hope is that we can invest not only in solid companies but also in socially responsible companies, well at least fractionally.

Disclosure: Data-Driven Investor and I were not compensated for any of the information included in this article. Data-Driven Investor and I do not represent or endorse any of the investment platforms listed in this article. Data-Driven Investor and I do not offer any financial advice in this article and any information provided in this article should be not be construed as such. Be advised that investing in any security that is not FDIC insured can result in losses that include loss of initial capital. Speak to a certified financial advisor to discuss the risks and your best options before you invest.

The Fundamentals of Forex Trading

Friday, December 13, 2020

Forex stands for “Foreign exchange” which means that foreign currencies are being traded. The Foreign Exchange market is the largest market in the world with a turnover of around $7 trillion per day. In the Forex market, there are a variety of different players: banks, governments, international corporations who have exposure to foreign currencies, insurance companies, professional traders, hedge funds and millions of amateur retail traders. Retail traders like us try to speculate on short term price movements or momentary market volatility to earn high profits.

There are two schools of analysis, technical analysis involving charts and mathematical calculations or fundamental analysis, using events like central bank meetings, interest rate decision, inflation data and headline news. There are many fundamental factors that affect the price of an asset and trading these events can make solid profits. The fundamentals of a currency or currency pair can be learned and mastered pretty quickly. In this class we will learn what these fundamental factors are and how they we can use this information to enter the markets successfully.

Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.

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