Hey traders, Ever wondered how some of the professional traders can lose tens of thousands of dollars and still not be phased? Well, today I am going to chat about how and why they have the ability to remain consistent and trust the process, and how you can do the same. Enjoy!
One of the most common questions from new traders is "when should I take profits?" There is only one wrong answer... that is to NOT have a plan! I personally take off 75% of my position at a 3:1 Reward Risk Ratio target. The reason I do this is to give my strategy a mathematical edge when dealing with winners, losers, and in between.
Many new traders do not have trust in their strategy. This could be due to a number of reasons, lets delve deeper.
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
In this video I show you how to profit in the forex market with the dollar index and the pairs that make it up
added a few more pairs to the watch list and I show you how to trade a few pairs
In this educational screencast I answer some of the issues I've been asked about by new traders. I emphasise in that profitability it is not mainly about methodology or indicators. It is about something pretty nebulous and unseen. This post is compliant with Tradingview's house rules on text based posts.
This educational post shows how exploiting trends can deliver profits in the long term, by living for the big trends. This is a no-targets system that uses the ATR. Trend switches define entry positions and the markets decide exit positions. Scaling-in of position sizes is an advanced higher risk technique. Those lacking experience and with small account sizes...
Join me - to boldly go where 'no man' has gone before. This is the Final Frontier. I take on the big issue - head on. This is the one that is more likely to make the biggest difference to achieving consistent profitability. I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do...