Mindset: Pro Forex Trader vs You. Forex trading lesson

Mindset: Pro Forex Trader vs You. Forex trading lesson

Learn more here: http://bit.ly/ProTraderMindvsYours

A Pro Forex Trader thinks and behaves fundamentally different from how you do. This is because pro Forex traders understand the game of probabilities and most importantly, ‘The Law of Large Numbers’.

This is a Forex trading lesson by Andrew Lockwood who is a professional trader and mentor at www.forexsignals.com

How to become a Successful Forex Trader

How to become a Successful Forex Trader

How to Make Money In Forex With a Forex Trading Tutorial For Beginners! Learn How To Trade Forex and Become Profitable!

In 4 months we were able to turn our $10 into $630k, which is a massive increase from the original deposit. Another 60 days from there doing the same 10% a day and we hit $150 mil.

So now you’re wondering, how do we capture that 10% a day? Well, to make it simple, it’s all up to you. We as humans are all different and unique in our own ways, which means we have different risk tolerance and preferences for investing. There is no strategy, indicator, or plan out there that will be “perfect” from the get-go. Over the time of trial and error, you can make any strategy and plan that you create yourself, work for you.

If your patient and don’t mind holding a position for a couple of days, or possibly weeks, you’re a swing trader. It may be because lower time frame charts are too much for you, and you prefer watching your trades play out over time. Swing traders usually look at the monthly, weekly, 4hr, and 1 hr for entry points.

If you’re a day trader, you master certain setups that are profitable for you. This may be when a certain technical analysis appears in the market or when you see a possible reversal trade, etc. I could go on and on and on. Either way, you’re patient and disciplined enough to wait for what you know works for you. Day traders usually look at the 4hr, 1hr and then 15m for entries. But at the end of the day, do what works for you.

And lastly, if you’re a scalper like me, you like to be in the market for short periods of time. You only care about what happens when you’re supposed to be trading and nothing besides that. You enjoy taking your profits fast and being in the market for short durations. Scalpers usually look at the 1hr for momentum, and then the 15m or 5 minute for entries.

Each of these trading styles have their pros and cons, you just need to find what works for you. All time frames mentioned were opinions on what previously has worked for me. I am scalper because I chose to be, I enjoy the freedom and flexibility of scalping and that’s why I do it. Lastly, make sure you have a trading plan. Just like life, you need to set goals to achieve or else you’re get completely stomped on and blow numerous accounts. If something works for you, record it in a trading journal, and then repeat it. Do this with every trade, and I guarantee you’ll be successful.

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22Yr Old RICH Forex Trader Living The MILLIONAIRE Lifestyle! – FxLifeStyle

22Yr Old RICH Forex Trader Living The MILLIONAIRE Lifestyle! – FxLifeStyle

22Yr Old RICH Forex Trader Living The MILLIONAIRE Lifestyle! – FxLifeStyle
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