Introducing Forex Fortune guide create the mindset you need to trade like a pro, inside the sea book you'll discover the topics about the mindset and trading how to trade on the Forex have realistic expectations understand the power of paces be organized in your approach to the Marcus why emotional management is critical to trading success over complicating Forex trading can easily induce emotional trading how price action trading will cure emotional trading problem and the winning traits of a Forex Trader
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Inside this ebook you will discover about the mindset and trading how to trade on forex, have realistic expectations and have the power of patience be organised in the approach to the market etc.
CREATE THE MINDSET AND TRADE LIKE A PRO.
OVER HERE YOU WILL KNOW ABOUT TRADING, FOREX,NADEX, BINARY OPTIONS.
YOU WILL UNDERSTAND THE POWER OF PATIENCE IN TRADING AND THE ACCURACY REQUIRED IN THIS FIELD.
YOU WILL BECOME ORGANISED IN YOUR APPROACH TO THE MARKET.
YOU WILL ALSO LEARN WHY EMOTIONAL MANAGEMENT IS SO CRITICAL AND CRUCIAL IN THE FIELD OF MARKETING AND TRADING AND INVESTMENT.
COMPLICATED FOREX TRADING CAN EASILY INDUCE EMOTIONAL TRADING.
YOU WILL ALSO LEARN TO KNOW HOW PRICE ACTION TRADING WILL CURE EMOTIONAL TRADING PROBLEMS.
AND AT THE END YOU WILL LEARN HOW TO BE A WINNING FOREX TRADER.
Create the mindset your need Trade like a Pro. Inside this book you will discover the topics about the mindset and trading, how to trade on the forex, have realistic expectation, understand the power of patience, be organized in your approach to the markets, why emotional management is critical to trading success, over complicating forex trading can easily induce emotional trading, how price action trading will cure emotional trading problems and the winning traits of a forex trader.
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Inside this ebook you will discover about the mindset and trading how to trade on forex, have realistic expectations and have the power of patience be organised in the approach to the market etc.
CREATE THE MINDSET AND TRADE LIKE A PRO.
OVER HERE YOU WILL KNOW ABOUT TRADING, FOREX,NADEX, BINARY OPTIONS.
YOU WILL UNDERSTAND THE POWER OF PATIENCE IN TRADING AND THE ACCURACY REQUIRED IN THIS FIELD.
YOU WILL BECOME ORGANISED IN YOUR APPROACH TO THE MARKET.
YOU WILL ALSO LEARN WHY EMOTIONAL MANAGEMENT IS SO CRITICAL AND CRUCIAL IN THE FIELD OF MARKETING AND TRADING AND INVESTMENT.
COMPLICATED FOREX TRADING CAN EASILY INDUCE EMOTIONAL TRADING.
YOU WILL ALSO LEARN TO KNOW HOW PRICE ACTION TRADING WILL CURE EMOTIONAL TRADING PROBLEMS.
AND AT THE END YOU WILL LEARN HOW TO BE A WINNING FOREX TRADER.
Create the mindset your need Trade like a Pro. Inside this book you will discover the topics about the mindset and trading, how to trade on the forex, have realistic expectation, understand the power of patience, be organized in your approach to the markets, why emotional management is critical to trading success, over complicating forex trading can easily induce emotional trading, how price action trading will cure emotional trading problems and the winning traits of a forex trader.
Today I'll give you the forex fortune guide, with the help of this guide you can learn forex trading in a very simple way and analyze the data professionally.
"Triumph Scalper" operates excellently on its own! But "Triumph Scalper Assistant" is created exclusively to reduce the amount of time you spend and increase your benefit. “Triumph Scalper Assistant” captures the best moments to enter BUY or SELL trades that are generated by the “Triumph Scalper” and allows you to open an order with a few clicks.
Knowing the trend is crucial. Sure, you have experienced times when you entered the trade and waited during the choppy zone while some other pair was making a solid move. Trading the market that turns up and down and takes back all the profits during a series of losses feels like a slow torture...
Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That's 34 x 9 = 306 charts. Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
Forex or (Nadex) Binary Options, or without a doubt exchanging general, ought to think of it as a highlight purchase a participation to (BOTS) procedure advancement room. Notwithstanding your experience level, you would now be able to participate and start gaining from other astounding individuals. The general purpose of this assistance is to attempt to interface similar people together to shape a group of thoughts to help out everybody improve. Any individual who has exchanged for almost any timeframe realizes exchanging is HARD, VERY HARD. It requires some investment to create procedures and attempt to figure out how to control hazard. We help out by offering a local area in which individuals can share their encounters and what they are really going after to diminish an opportunity to gain proficiency with these significant exercises.
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed in depth in the other chapters that follow but for now, we tackle the basics pertaining to Forex trading as a money making entity.
Triumph Scalper - Highly Converting Forex Product
"Triumph Scalper" is an exclusive software for trading on the forex market. Its main goal is to make your trading really profitable, saving your precious time and nerves!
"Triumph Scalper" Keeps Giving Profitable Signals on Different TFs
The Most Recent Profit on M1 and M15.
Start Making Trades Like These with Amazing
"Triumph Scalper"
Introducing Forex Fortunes Guide:- Create the Mindset Your Need Trade like a Pro. Inside this eBook, you will discover the topics about the mindset and trading, how to trade on the forex, have realistic expectations, understand the power of patience, be organized in your approach to the markets, why emotional management is critical read more
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
8 of the best Forex trading strategies (very probable chart patterns, price rejection pin and twin bars, correlation trading strategy, multiple time frame and long term trading, volume-price analysis, news and sentiment trading) have been discussed in this book. Also you will learn the best money and risk management methods and also the best advice to control your psychology during trades. Using all these tips you can reach a very high performance (90% winning rate) in Forex.
By www.ProfitableTradingTips.com
Scalping in Day Trading
Traders who engage in rapid momentum trades are often scalping in day trading. These traders make their profit from the difference between bid and ask prices. Even in a flat market traders can profit from scalping in day trading. In order to successfully make a business out of scalping in day trading the trader needs to pay close attention to the market, always be aware of market fundamentals, and keep abreast of technical analysis. Despite the theoretical possibility of trading in an absolutely flat market the price of a stock constantly moves to some degree throughout the trading day. Thus when scalping in day trading one acts as a mini trend trader as well.
In and Out of Positions in a Hurry
There is a rhythm to scalping in day trading and it is fast. Traders seek to profit from the actions of traders to simply take the bid and ask prices of a stock. This strategy guarantees a profit if the trader acts quickly. It can result in losses if the stock price moves too quickly. As an example, Xyz Corporation has a bid price of $10.10 and ask price of $10.15. If the scalper can buy at the bid price and sell at the ask price he gains $0.05 per share, a small amount but a lot if repeated many times throughout the day. However, the market might move lower before he can complete his trade. Let’s say that the stock moves so that the bid price is now $9.90 and the ask price is $9.95. The trader who purchased for $10.10 now needs to sell at $9.95 if he wants to quickly exit his trade. The other choice is to continue the trade in hopes that the market will turn upward and not fall farther. This later course is anathema to scalping in day trading. When scalping a trader is never trying to outguess the market but simply helping to make the market and make repetitive small profits.
The Nature of Bid and Ask Prices
Bid and ask prices are available on markets across the world. By using this price system traders are able to execute trades immediately, so long as there are enough bid prices to match ask prices. The difference between bid and ask prices is called the spread. Gaining the spread on every trade is the goal when scalping in day trading. The ideal scalping trade would be instantaneous. Buy at the low price and sell at the high. Getting in and out in an instant would seem to be the ideal situation if dealing with absolutely static bid and ask prices. However, the market is never static so traders must look to market direction even when scalping in day trading. A successful scalper also engages in trend following in day trading.
Think of the Spread as a Bonus
Scalping in day trading takes advantage of market movement as well as the bid to ask spread. While trend traders use technical analysis to read market sentiment they attempt to ride out a trade to gain the maximum profit.
“Forex Trading Strategies” is a complete guide of most popular and widely used strategies in Forex trade. You can read about day trading and its main types, understand the strategies based on market analysis, learn about portfolio and algorithmic trading, and many more. The book represents the ins and outs of each strategy - why and how it is used and how to get profit from trade. It is suitable for all traders who are novice in trade or want to improve their skills. All the strategies classified and explained here are for educational purposes and can be applied by each trader in a different way.
Forex means the process of exchanging one currency for another based on the market’s exchange rate with these currencies being sold and purchased in pairs. For instance, for you to purchase Japanese Yen you have to sell US dollars and as a result Forex currencies have to be quoted in pairs for example GBP/USD, EUR/USD, or EUR/JPY. Some currencies have more demand than others meaning that that those with more demand trade more frequently and are referred to as major currencies.
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Today I'll give you the forex fortune guide, with the help of this guide you can learn forex trading in a very simple way and analyze the data professionally.
"Triumph Scalper" operates excellently on its own! But "Triumph Scalper Assistant" is created exclusively to reduce the amount of time you spend and increase your benefit. “Triumph Scalper Assistant” captures the best moments to enter BUY or SELL trades that are generated by the “Triumph Scalper” and allows you to open an order with a few clicks.
Knowing the trend is crucial. Sure, you have experienced times when you entered the trade and waited during the choppy zone while some other pair was making a solid move. Trading the market that turns up and down and takes back all the profits during a series of losses feels like a slow torture...
Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That's 34 x 9 = 306 charts. Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
Forex or (Nadex) Binary Options, or without a doubt exchanging general, ought to think of it as a highlight purchase a participation to (BOTS) procedure advancement room. Notwithstanding your experience level, you would now be able to participate and start gaining from other astounding individuals. The general purpose of this assistance is to attempt to interface similar people together to shape a group of thoughts to help out everybody improve. Any individual who has exchanged for almost any timeframe realizes exchanging is HARD, VERY HARD. It requires some investment to create procedures and attempt to figure out how to control hazard. We help out by offering a local area in which individuals can share their encounters and what they are really going after to diminish an opportunity to gain proficiency with these significant exercises.
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed in depth in the other chapters that follow but for now, we tackle the basics pertaining to Forex trading as a money making entity.
Triumph Scalper - Highly Converting Forex Product
"Triumph Scalper" is an exclusive software for trading on the forex market. Its main goal is to make your trading really profitable, saving your precious time and nerves!
"Triumph Scalper" Keeps Giving Profitable Signals on Different TFs
The Most Recent Profit on M1 and M15.
Start Making Trades Like These with Amazing
"Triumph Scalper"
Introducing Forex Fortunes Guide:- Create the Mindset Your Need Trade like a Pro. Inside this eBook, you will discover the topics about the mindset and trading, how to trade on the forex, have realistic expectations, understand the power of patience, be organized in your approach to the markets, why emotional management is critical read more
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
8 of the best Forex trading strategies (very probable chart patterns, price rejection pin and twin bars, correlation trading strategy, multiple time frame and long term trading, volume-price analysis, news and sentiment trading) have been discussed in this book. Also you will learn the best money and risk management methods and also the best advice to control your psychology during trades. Using all these tips you can reach a very high performance (90% winning rate) in Forex.
By www.ProfitableTradingTips.com
Scalping in Day Trading
Traders who engage in rapid momentum trades are often scalping in day trading. These traders make their profit from the difference between bid and ask prices. Even in a flat market traders can profit from scalping in day trading. In order to successfully make a business out of scalping in day trading the trader needs to pay close attention to the market, always be aware of market fundamentals, and keep abreast of technical analysis. Despite the theoretical possibility of trading in an absolutely flat market the price of a stock constantly moves to some degree throughout the trading day. Thus when scalping in day trading one acts as a mini trend trader as well.
In and Out of Positions in a Hurry
There is a rhythm to scalping in day trading and it is fast. Traders seek to profit from the actions of traders to simply take the bid and ask prices of a stock. This strategy guarantees a profit if the trader acts quickly. It can result in losses if the stock price moves too quickly. As an example, Xyz Corporation has a bid price of $10.10 and ask price of $10.15. If the scalper can buy at the bid price and sell at the ask price he gains $0.05 per share, a small amount but a lot if repeated many times throughout the day. However, the market might move lower before he can complete his trade. Let’s say that the stock moves so that the bid price is now $9.90 and the ask price is $9.95. The trader who purchased for $10.10 now needs to sell at $9.95 if he wants to quickly exit his trade. The other choice is to continue the trade in hopes that the market will turn upward and not fall farther. This later course is anathema to scalping in day trading. When scalping a trader is never trying to outguess the market but simply helping to make the market and make repetitive small profits.
The Nature of Bid and Ask Prices
Bid and ask prices are available on markets across the world. By using this price system traders are able to execute trades immediately, so long as there are enough bid prices to match ask prices. The difference between bid and ask prices is called the spread. Gaining the spread on every trade is the goal when scalping in day trading. The ideal scalping trade would be instantaneous. Buy at the low price and sell at the high. Getting in and out in an instant would seem to be the ideal situation if dealing with absolutely static bid and ask prices. However, the market is never static so traders must look to market direction even when scalping in day trading. A successful scalper also engages in trend following in day trading.
Think of the Spread as a Bonus
Scalping in day trading takes advantage of market movement as well as the bid to ask spread. While trend traders use technical analysis to read market sentiment they attempt to ride out a trade to gain the maximum profit.
“Forex Trading Strategies” is a complete guide of most popular and widely used strategies in Forex trade. You can read about day trading and its main types, understand the strategies based on market analysis, learn about portfolio and algorithmic trading, and many more. The book represents the ins and outs of each strategy - why and how it is used and how to get profit from trade. It is suitable for all traders who are novice in trade or want to improve their skills. All the strategies classified and explained here are for educational purposes and can be applied by each trader in a different way.
Forex means the process of exchanging one currency for another based on the market’s exchange rate with these currencies being sold and purchased in pairs. For instance, for you to purchase Japanese Yen you have to sell US dollars and as a result Forex currencies have to be quoted in pairs for example GBP/USD, EUR/USD, or EUR/JPY. Some currencies have more demand than others meaning that that those with more demand trade more frequently and are referred to as major currencies.
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Forex Secrets and the Art of Buying and Selling Any Commodity.pdfMohammadFirdaushAlam
Introducing Forex Secrets and the Art of Buying and Selling Any Commodity-Learning the Mindset of Powerful Traders and Mastering the Art of Currency and Commodity Trading Easily. Inside this eBook, you will discover the topics about what is forex, getting started, about the systems, automating, indicators, reading the charts and 7 easy steps.
Forex Secrets - improved business booster short courses
Chapter 1:
What Is Forex
Chapter 2:
Getting Started
Chapter 3:
About The Systems
Chapter 4:
Automating
Chapter 5:
Indicators
Chapter 6:
Reading The Charts
Chapter 7:
7 Easy Steps
Forex Secrets And The Art of Buying and Selling...KepharsKunda
Current info about Forex is not always the easiest thing to locate. Fortunately, this report includes the latest Forex info available.
Think about what you've read so far. Does it reinforce what you already know about Forex? Or was there something completely new? What about the remaining paragraphs?
Title: Mastering Forex: Strategies for Success
Description:
"Mastering Forex: Strategies for Success" is your comprehensive guide to navigating the dynamic world of forex trading with confidence and expertise. Whether you're a novice trader seeking to understand the fundamentals or an experienced trader looking to refine your strategies, this ebook provides valuable insights, practical techniques, and proven strategies to help you succeed in the forex markets.
Inside, you'll discover essential concepts such as fundamental and technical analysis, risk management principles, and advanced trading strategies, all presented in a clear and accessible manner. Learn how to interpret economic indicators, analyze price charts, and develop robust trading plans tailored to your goals and objectives. Explore the psychology of trading and gain valuable insights into managing emotions, maintaining discipline, and mastering the mindset of a successful trader.
With a focus on practical application and real-world examples, "Mastering Forex: Strategies for Success" equips you with the knowledge, skills, and tools needed to thrive in today's fast-paced forex market. Whether you're interested in scalping, day trading, swing trading, or trading the news, you'll find valuable strategies and techniques to help you navigate the complexities of forex trading with confidence and precision.
Written by experienced traders and forex experts, this ebook provides a roadmap to forex mastery, guiding you through every step of your trading journey. Plus, with insights into reputable brokers like Exness, known as the best trading platform in the globe, and a 50% bonus on your first-time deposit, you'll have everything you need to start your forex trading journey on the right foot.
Don't miss out on this opportunity to unlock your full potential as a forex trader. Whether you're just starting or looking to take your trading to the next level, "Mastering Forex: Strategies for Success" is your ultimate resource for achieving success in the forex markets. Get your copy today and embark on the path to trading mastery.
Janis urste forex tips that will help you succeedjanisursteforex
Janis Urste Most excellent service provider. If you're feeling like you need to find a way to make some extra money then maybe Forex is for you. A lot of people want to get into Forex but feel that it's a challenging subject to learn, what you have to keep in mind is that the more knowledge you gain the better your chances are at being successful with Forex.
simple options buy alerts that have a high probability of moving up in price in the next 2 to 9 days... plus advanced options trader training to help you get the best results!
Title: Forex Fundamentals: A Beginner's Guide
Description:
"Forex Fundamentals: A Beginner's Guide" is your comprehensive resource for mastering the fundamentals of forex trading and embarking on a successful trading journey. Whether you're entirely new to trading or looking to refine your skills, this ebook equips you with essential knowledge, practical strategies, and expert insights to navigate the dynamic world of currency markets.
In this ebook, you'll learn:
- The basics of forex trading, including understanding currency pairs, market participants, and trading platforms.
- Fundamental analysis techniques for evaluating economic indicators, central bank policies, and geopolitical events that impact currency markets.
- Technical analysis strategies for analyzing price charts, identifying trends, and using technical indicators to make informed trading decisions.
- Risk management principles for protecting your capital, setting stop losses and take profits, and managing position sizes and leverage effectively.
- Developing a trading plan tailored to your goals and objectives, including strategies for setting goals, creating a trading strategy, and backtesting and optimizing your approach.
- Transitioning from demo trading to live trading, including opening a live trading account, funding your account, and making your first trade with confidence.
- Monitoring and reviewing trades to improve trading performance, keep a trading journal, and adjust your trading plan based on feedback and analysis.
As a bonus, readers are encouraged to sign up for a free account on Exness, one of the best trading platforms globally, and claim a 50% bonus on their first-time deposit. With Exness, traders can experience a user-friendly interface, advanced trading tools, and lightning-fast execution speeds, making it the ideal platform for traders of all levels.
Whether you're a novice trader or an experienced investor, "Forex Fundamentals: A Beginner's Guide" provides you with the knowledge, tools, and resources you need to thrive in the forex markets. Start your journey to forex success today and unlock the potential for financial independence and prosperity.
Keywords: Forex trading, forex fundamentals, beginner's guide, currency markets, fundamental analysis, technical analysis, risk management, trading plan, demo trading, live trading, Exness trading platform, sign up for free, Exness, best trading platform, 50% bonus on first-time deposit.
Forex Trading For Beginners (2019) - The Holy Grail Of TradingRoberts Eihmanis
Forex Trading pdf eBook with the most distilled and actionable info: basics, tips, tricks & strategies for forex beginners.
Some of the topics covered:
- TOP 3 forex tools that professional traders use
- TOP 9 factors that influence the forex prices
- Why more than 86% of forex traders lose money
- The #1 advice from the investing guru Warren Buffet on how to make money while you sleep.
- How much should you invest to increase your chances of profitability
- TOP 5 news reports that create the most significant opportunities for profits
- - Forex trading strategy for news trading – how not to hit the stop loss
- The best times for trading forex
- 9 worst times for forex trading that you should avoid
- Which is the best timeframe for trading forex – learn from the pros
- Which analysis is better – fundamental or technical
- Best currency pairs to trade for beginners
- The secret nicknames of currencies
- The secrets of commodity currencies – how gold and oil can influence the forex prices
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
2. - 2 -
Terms and Conditions
LEGAL NOTICE
The Publisher has strived to be as accurate and complete as possible
in the creation of this report, notwithstanding the fact that he does
not warrant or represent at any time that the contents within are
accurate due to the rapidly changing nature of the Internet.
While all attempts have been made to verify information provided in
this publication, the Publisher assumes no responsibility for errors,
omissions, or contrary interpretation of the subject matter herein.
Any perceived slights of specific persons, peoples, or organizations
are unintentional.
In practical advice books, like anything else in life, there are no
guarantees of income made. Readers are cautioned to reply on their
own judgment about their individual circumstances to act
accordingly.
This book is not intended for use as a source of legal, business,
accounting or financial advice. All readers are advised to seek services
of competent professionals in legal, business, accounting and finance
fields.
You are encouraged to print this book for easy reading.
3. - 3 -
Table Of Contents
Foreword
Chapter 1:
Introduction
Chapter 2:
The Mindset And Trading
Chapter 3:
How To Trade On The Forex
Chapter 4:
Have Realistic Expectations
Chapter 5:
Understand The Power Of Patience
Chapter 6:
Be Organized In Your Approach To The Markets
Chapter 7:
Why Emotional Management is Critical to
Trading Success
Chapter 8:
Over Complicating Forex Trading Can Easily
Induce Emotional Trading
Chapter 9:
How Price Action Trading will Cure Emotional
Trading Problems
Wrapping Up:
The Winning Traits Of A Forex Trader
4. - 4 -
Foreword
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Forex Fortunes Guide
Create The Mindset Your Need Trade Like A Pro
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm,
designed to make it as easy as possible to succeed at Forex.
5. - 5 -
Chapter 1:
Introduction
Synopsis
Forex, abbreviated as FX, is a word that describes the simultaneous
selling or buying of currencies; it is an OTC (Over the Counter)
Market transaction which operates 24 hours a day, 5days a week.
Forex Markets are the largest financial markets possessing a trading
volume of about $3 trillion per day. Forex trading operations take
place in all the major financial trading centers all over the world;
thus, these trading operations tend to overlap into the different time
zones globally.
6. - 6 -
The Basics
Forex means the process of exchanging one currency for another
based on the market’s exchange rate with these currencies being sold
and purchased in pairs. For instance, for you to purchase Japanese
Yen you have to sell US dollars and as a result Forex currencies have
to be quoted in pairs for example GBP/USD, EUR/USD, or EUR/JPY.
Some currencies have more demand than others meaning that that
those with more demand trade more frequently and are referred to as
major currencies.
Some of the major currencies include the Swiss Franc, Japanese Yen,
British Pound, Australian Dollar, and US Dollar, whereas the less
frequently traded currencies are called minor currencies, these are
the currencies used in small developing countries, others refer to
them as exotic currencies. Currencies commonly used as investment
vehicles are confined into four pairs of currencies denoted by
USD/CHF, GBP/USD, USD/JPY, and EUR/USD.
Where Forex Trading Takes Place
In the past, Forex trading was exclusively conducted by hedge funds,
central banks, multinational currency companies, and major banks
however; this has changed in recent times due the latest surge in
internet development and market innovations allowing even the small
time trader the opportunity to participate in the Forex market. Some
7. - 7 -
Forex broker companies offer a variety of accounts to their clients
enabling retail traders the chance to trade in relatively smaller lots.
Even though Forex markets have undergone some remarkable
improvement, it still remains largely unregulated; and Forex trading
rules have not yet been clearly defined especially when trades go
beyond international borders.
Furthermore, traders with a sizeable amount of risk capital as is the
case with hedge funds and banks which have the ability to influence
the Forex market due to their huge financial leverage; therefore, those
with little or no experience in Forex trade will be venturing into risky
unchartered territories.
In as much as Forex trading carries very high risks, traders who go
through the trouble of educating themselves on the whole process
could quite easily make a huge fortune in just a few weeks, with those
doing the contrary getting disastrous results amounting to huge
losses.
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm,
designed to make it as easy as possible to succeed at Forex.
8. - 8 -
Chapter 2:
The Mindset and Trading
Synopsis
Forex trading can be highly lucrative especially if you are equipped
with the necessary trading knowledge and skills. Apart from
possessing trading skills, it is essential to have the right mindset for
you to be successful in Forex trading.
This is the crucial aspect where most traders fail. No matter how good
you are in utilizing various trading strategies but without the right
mindset, you might not be able to achieve the desired results.
Some would think that trading success happens in an instant and that
they can easily make money out of it overnight. Although there is
some truth in this belief and it is not next to impossible, only those
who continuously develop effective trading habits coupled with the
right trading mindset can actually prosper. Here are the best tips that
you can use to ensure success in Forex trading.
9. - 9 -
Steps
Step 1: Set Realistic Expectations
The initial step is to set realistic expectations. Of course, all people
would want to earn profit. In this kind of business where currency
trading is highly volatile, you win some and you lose some. Chances
are, if you use the right strategies and forecast, you can definitely earn
a huge sum. But on the other hand, you can also lose your money.
Basically the point here is to hope for the best outcome and anticipate
the worst case scenario. There are still many factors and other market
forces that can directly and indirectly affect currency trading. Make
sure that you do not stake your whole life on the line just to be in the
Forex trading business. It is strongly suggested that you trade using
the disposable risk capital, the spare money that you can use for any
trading ventures.
Step 2: Trade Wisely- Quality over Quantity
It is a common misconception of some traders that they have to trade
everyday just to optimize their earnings. The truth of the matter is
that, you can further elevate your earnings if only you will learn how
to be more patient in trading. If you really want to achieve long term
success and get to explore the markets, you need to learn how to trade
using daily charts.
10. - 10 -
Along with learning how to properly use these daily charts to your
advantage, you start to develop your trading mindset where you have
to patiently wait for the right timing. Once you have calculated risks
and you think you have the trading edge then that is the perfect time
to make the decision.
Step 3: Be Organized in Your Approach
Learning the market forces that affect the movements in any trading
system takes a while. Without any organized approach, you might end
up losing your money. Before anything else, you need to come up with
your own trading plan and trading journal.
This allows you to trade with discipline and to be more organized
when it comes to your trading activities and trading options.
Monitoring your daily trading journal enables you to assess your
performance and monitor your earnings as well.
Last but not the least, use the price data and other relevant
information before you trade. Be decisive in your trading decisions
and always go for calculated risks.
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm, designed to
make it as easy as possible to succeed at Forex.
11. - 11 -
Chapter 3:
How To Trade On The Forex
Synopsis
Since Forex is by far the most popular trading world of currency, it
also connotes that one should be able to understand the factors
involved in the trading process to truly garner profit from it. If you
were one of the people who want to fit in and moreover, standout in
this market, then some of the tips below would help you get a head
start.
12. - 12 -
Understanding the Jargons of the Market
Jargons are basically the terms used in a certain company. To be able
to understand the whole process, then one should take the time to
integrate what the terms mean. The basic of these are the ‘base
currency’, the term for the currency one is spending or is trying to get
rid of. This works primarily by selling one currency so you can
actually buy another type of it. The ‘exchange rate’ is the term you
look at when you want to know how much you would spend to buy
base currency from your quote currency. These are just some of the
terms found in Forex trading.
It is also important for you to decide on the two primary currencies
that you want to buy and sell. Thus, just like any other businesses,
you should be consistent in the quality of your task. Therefore,
staying at one exchange rate would possibly entail bigger profits.
Opening an Account
A brokerage account is an important part of the exchanging currency
business. You firstly have to consider the reliability of the broker you
choose to open an account to. It is advisable to research about the
broker’s background and how many years have he or she been in the
industry. In addition to this, you should also be able to identify the
broker’s transparency through asking some of the people that also has
an account.
13. - 13 -
Start your Trade!
This step is the most important part of this business. Once you started
your venture and has done steps 1 and 2 for preparatory, be not
complacent and still take time to analyze the market before you
proceed to the trade itself. The technical, fundamental and sentiment
analyses should be considered. Technical means reviewing and
researching on some charts regarding the trades. Fundamental is
taking a bird’s eye view of the economic fundamentals of different
countries, and thus using this to your advantage in choosing the right
currencies. Lastly, the Sentiment analysis entails the mood of the
market.
Never forget that every step you take can lead to the destruction or
the progress of your trading. It is good to take risks but it is better to
always be cautious about it. Do not just engage in this trading venture
because you thought it will be easy, every step is counted and
therefore must be taken into full consideration.
For whatever it costs, also always be reminded that businesses are
risks; but if you take the risks with the proper weapons of knowledge
about how it will and can turn out, it usually pays off at the end.
14. - 14 -
Chapter 4:
Have Realistic Expectations
Synopsis
Starting out in Forex trade is never an easy thing. With the promise of
high investment returns, a lot of people are easily enticed to venture
in currency trade without having second thoughts. After all, who
would not want to double or to triple their money? For some, this
might appear as the easiest way for financial liberation. Forex trade
can definitely make it possible for you to earn more.
When you come across Forex trading websites, almost all would
promise you converting your money into millions in just a short span
of time. Some online advertisements would even beguile you to finally
quit your job and to just focus on Forex trade.
But is it really worth it?
Can you really make it big overnight?
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm, designed to make it as easy
as possible to succeed at Forex.
15. - 15 -
Why Set Realistic Expectations
The answer is both a yes and a no. Forex trading is definitely worth
your effort especially when you already possess the right mindset and
you use effective trading strategies. But the promise of earning
thousands or even millions overnight is just impossible and even
dangerous.
When you finally set to venture in currency trade, setting realistic
expectations is the initial step. Success in this kind of business all
starts with knowing what to actually expect. Since there are different
market forces that can directly and indirectly impact currency trade,
you can never be 100% sure.
Always keep in mind that any investment involves certain level of
risks. It is basically the same thing when it comes to Forex trade.
Without a doubt, you can earn a huge sum. But on the other side, you
can also incur losses. Once you come out thinking that you can have
all the economic gains by just buying and selling currencies, you are
doomed to fail.
Remember that just like in kind of investment venture, you need to be
realistic to make your goals achievable and feasible. Your attitude and
mindset towards Forex trading certainly affect your trading decisions.
Calculating Risks in Forex
16. - 16 -
Instilling impossible expectations towards Forex profitability can
negatively affect your trading choices. For one, traders who have high
and impractical expectations might end up gambling their money
without even thinking of the risks.
The tendency is that some would easily want to get high profits in an
instant. There are even traders who would trade currencies everyday
thinking that by doing so, they can earn more. With Forex trade being
a highly volatile business venture, you can never afford to trade
without even calculating the risks and without any Forex knowledge.
Doing so will not only lead to disappointment but to high losses as
well.
If you really want to make it in this kind of business, you need to have
patience. You have to set realistic expectations so that you can
carefully plan your trading strategies.
Study the currency market, gather the price data along with the
significant indicators and create your trading plan. These are the
things that you should keep in mind if you really want to be successful
in Forex.
The expectation of earning huge amount in an instant might seem
appealing at first. But in the long run, you need to understand the fact
that success takes quite some time. With Forex, patience is definitely
a virtue. You need to know when to use your bullets to your
advantage. In that way, you can avoid incurring losses and you get to
earn high profits.
17. - 17 -
Chapter 5:
Understand The Power Of Patience
Synopsis
A lot of people make huge losses in Forex markets just because they
make simple mistakes like overtrading or not being patient enough to
allow their trade setups to play out and instead they enter and exit the
Forex market compulsively. The problem may lie not so much with
your trading strategy but with your inability to exercise patience by
waiting for the best low risk opportunity with the highest probability
of success. The tips discussed below will help any trader step up their
trades from mediocre trading to consistent and profitable trades.
18. - 18 -
Educate Yourself on the Forex Market
It is important that new traders educate themselves on all matters
pertaining to the Forex Market resisting the impulse to rush into
trades before understanding the ins and outs of the trade. Learning
through mistakes on the Forex market could leave you counting your
losses, but lucky for you this can be avoided by taking the time to
study the market. After clearly establishing your trading edge, you can
now exercise patience by waiting for the right moment to execute
your trade; patience is worthless unless the trader knows what they
are waiting for.
Create a Trading Plan and Stick to It
The best traders in the market always plan ahead and are prepared at
all times having compiled an elaborate trading plan after which they
always act according to their plans.
Creating a plan does not necessarily mean that they trade all the time;
novice traders usually accumulate losses because they think that they
should be on the market trading all the time. Preparation is an
important aspect to any successful trade but at times it’s better to sit
tight and wait for the trade to play out; just because the Forex market
is open 24/7 does not mean that you should be trading all the time.
19. - 19 -
Wait for Your Trade Setup to Play Out
Good traders never anticipate how their trades will play out, those
who do lose a lot of money in this manner. Exercise patience when
your trade plays out and bear in mind that a good trader can be
compared to a lion, an amazing predator due to his great stalking
skills, and a patient one at that, always waiting for the perfect
opportunity to go for the kill and what’s more when he goes for it he
rarely misses.
Jesse Livermore once said that big money is made by sitting and
waiting, and never by thinking, he adds that it’s important to wait for
all the factors to tilt in your favor prior to making the trade.
Trust Your Instincts
Accurate gut feelings are indisputable with one of the greatest Forex
traders, George Soros revealing that he depended heavily on his
instincts when he traded.
Soros said that he relied on his animal instincts and that when he
suffered from back pain he used the onset of the pain as a sign that
something was wrong with his portfolio. This will prompt him to
check whether something was amiss when he might have done the
contrary, if he had ignored his instincts he might have incurred huge
losses.
20. - 20 -
Know When to Call it Quits
If during a trade you realize that things are not going well for you it
will save you a great deal of money to retrench rather than adding on
to your losses by waiting for your fortunes to change. To stay in the
trading game, you have to be strong enough to bear the profits and
the losses and take George Soros as an example. It didn’t matter to
him whether he lost or won, if the trade didn’t go well, he was still
confident that he had the capacity to win other trades such that he
could confidently walk out without any hard feelings.
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm,
designed to make it as easy as possible to succeed at Forex.
21. - 21 -
Chapter 6:
Be Organized in Your Approach to the Markets
Synopsis
The phrase “playing the market” may make it seem like you would
enjoy greater success by trusting your gut instincts, going with the
flow, and being a slave to trends. However, the truth is actually the
opposite. You have better chances of earning from Forex trading if
you adapt a more disciplined and organized method when trading.
Avoid letting your emotions and all the hype get the better of you with
the following tips.
22. - 22 -
Planning is still the key to success
If you remember your Management 101 lessons, then you should
know that Planning is the first step to success. Forex trading is no
exception. You need to come up with plans for your short-term and
long-term goals. These plans also have to be detailed. If possible,
include step-by-step guidelines for how you want your strategy to
work out.
Focus on a few high-potential currency pairs.
Don’t spread your resources thin. It’s hard to put your plan and
strategies to good use when you have a lot on your plate. Rather, it’s
better to take your time choosing a small number of currency pairs
that you can fully focus on and nurture until the very end.
The more time you spend studying how your pair works in the
market, the more chances you have of predicting its future trends.
Consequently, you’ll have a lesser need to rely on instincts alone
when making a decision. Instinct is not a bad thing at all, but instincts
powered by knowledge are even more trustworthy.
23. - 23 -
Use a timetable.
A timetable can be a more powerful tool than an ordinary calendar if
you know how to make good use of it. To start with, take note of all
the important events that are relevant to your trading plan and
strategies. These include but are not limited to the following:
Public holidays in both countries where your currency pairs
originate
Global and economic summits affecting your currency pairs
Economic releases
Scheduled key announcements from major market players
All the events above are sure to affect your currency pair in terms of
demand, supply, and liquidity – just to name a few. Every time you
add an event to your timetable, remember to review your plan and
strategies and adjust them accordingly if it proves necessary.
Expand your network.
When it comes to any kind of trading, it’s who you know, what you
know, and when you know that matter. Being able to predict market
trends is a great skill, but it’s not one you can always rely on.
However, what you can be sure to depend on at all times is your
network. It’s fairly easy to determine which individuals will make
24. - 24 -
good sources for insider’s information. The challenges lie in making
those individuals a willing part of your network.
Check technical analyses.
Technical opinions must always be taken into account even if you
strongly feel the opposite of what these experts have to say. At the end
of the day, you need to remind yourself that technical analyses are
based on verifiable facts and figures. They have to mean something.
Last but not the least, remember that your ultimate goal is to
minimize your loss first and increase your profit next. Don’t gamble
everything on a whim.
Be man enough to admit when you’re on the losing side and just start
again. At least you still have something to start with unlike other
traders, who have lost everything because of their inability to keep
their emotions in check.
25. - 25 -
Chapter 7:
Why Emotional Management is Critical to Trading Success
Synopsis
Trading in the foreign exchange market is not all about strategies.
Oftentimes, it can involve a lot of emotions especially when the
experience is not at all pleasant. After all, even when the system of
trading is reliable, human factor still remains as the major player. The
trader can be very effective in maximizing the potentials of the
trading system.
It is also possible that the trader might lack certain qualities that
prevent him in making the right approaches. It becomes even more
disadvantageous when the trader lacks patience in dealing with losing
trades. Thus, it is essential to control strong emotional urges ensure
that the process of trading is managed properly.
The easy way to follow Forex
Automatic detection with entry, stop loss and take profit values
The 1000pip Climber Forex System is a state of the art algorithm, designed to
make it as easy as possible to succeed at Forex.
26. - 26 -
Proper Emotion Management can Lead to Better
Calls
There are instances wherein a trader dismisses the signs that his ways
are inefficient, thinking that it is the system that is at fault. When this
happens, the trader will continue with the trade, hoping that the
system will eventually turn out for the better. On the part of the
trader, this kind of reaction can be translated to as being optimistic.
However, unless the trader is already an expert in the Forex market
and he has the right resources that will validate his moves, this
reaction is actually an act of stubbornness more than anything else.
The trader is given two paths- to recognize what is happening or to
maintain blind optimism. When the trader recognizes that the pattern
is not going to favor his end anytime soon, the best decision would be
to cut losses short. Acknowledging the technicalities of how the
market works will prevent the trader from experiencing any more
marginal losses.
It is quite observed from novice traders that they are too hopeful
when they enter the Forex market. Although optimism can be a good
thing, failure to identify negative signs while they are happening will
undeniably slow down the trader’s progress in this volatile industry.
27. - 27 -
Patience Yields Better Results
On the other side of the spectrum, it is also important to keep
emotions in check when good things are happening during the trade.
However, a normal reaction from a trader who is new to the system
and has immediately acquired profit would be to withdraw them at
the first sign. After all, liquidating the profits will translate to
guaranteed earnings.
A good lesson that amateur traders can get from experts in the system
would be to let their profits run. It is true that seeing the first sign of
profits will make a novice trader excited to cash out on his earnings,
but if he really wants to succeed in the system, he should learn how to
play along with it.
With familiarity, guidance and patience, the trader can still expand
his profits while letting it run its course. The trader can study past
trends so it will be easier for him to recognize the signs that the
market is about to reverse. Once this occurs, he can liquidate his
profits which he allowed to mature to its best potential.
28. - 28 -
Chapter 8:
Over Complicating Forex Trading Can Easily Induce
Emotional Trading
Synopsis
These Forex trading tips are for those currently experiencing losing
streaks, it is not unnatural for a trader to lose money once in awhile,
but when you realize that you are making fewer profits and losing
more, you may have some deep underlying issues you need to fix
before you can get back on track. After reading this book, traders will
learn how make the trading process as simple as possible, providing
them with the insight on how to make more profits in the markets.
29. - 29 -
Mastering Your Mind
The primary reason as to why a lot of Forex traders are losing money
is that they are unable to consciously master their emotions and it
does not take long before they are deeply caught up in emotional
trading mostly because the latter is easier and is more exciting than
controlled trading. In essence, Forex markets offer traders a pair of
options, the first one being to recklessly gamble your hard earned
money away in the adrenaline packed rollercoaster trades or the
ability to master your emotions through discipline, slowly making
consistent money over a period of time.
A disciplined trader has the proper trading attitude which allows
them to grow their investment without necessarily having to resort to
risky games such as emotional trading.
Implementing the Tools for Proper Money Management
It is important that you first understand how to manage your money
on the Forex trade and then later on you can proceed to implement
the latter in you trading mannerisms. A lot of traders become very
emotional when trading because they either trade too frequently or
risk too much of their money.
Risking huge sums of money in any given trade subconsciously makes
the trader to inherently place more meaning or value on every trade;
since they have plenty to lose which naturally causes them to worry
more thereby becoming more emotional about the Forex trade.
30. - 30 -
This kind of emotional trading works to fuel itself because emotional
trading results in more emotional trading. If it so happens that a
trader loses a significant sum of money, they put themselves in a
vulnerable position of carrying on with the cycle because they tend to
feel a great deal of anger and frustration over the lost money. This
only fuels their desire to risk more money so as to try to make up for
the money they had lost earlier.
Traders often mismanage their Forex trading accounts by trading a
little too frequently and as a result they tend to lose way too much in a
relatively short period of time. Over trading could be an emotional
outlet for the trader and for them it is a form of gambling, to prevent
yourself from overtrading it is important that you have a
comprehensive trade risk management plan which should specifics on
the means through which you can preempt overtrading.
Mastering Your Trading Strategies
It is important that any successful trader masters their Forex trading
strategies, considering the fact that a lot of traders are unsure of what
it is they are searching for in the market, so as to avoid inducing
emotional trading.
31. - 31 -
Chapter 9:
How Price Action Trading Will Cure Emotional
Trading Problems
Synopsis
Kingdoms have fallen and battles have been lost the moment men let
their emotions get the better of them. Since the world’s greatest
warriors and kings have fallen prey to their own emotions, how can
mere traders avoid the same death trap?
The answer is simple: it’s all about having the right mindset.
Consequently, price action trading is a good foundation to use for
developing the right mindset. This system consists of several
fundamental principles.
32. - 32 -
Focus On Managing Your Emotions Instead Of
Ignoring Them
Emotions are not your enemy. This is extremely important to
understand. Ignoring them will not help you at all. If anything, they
will simply make you more prone to bad trading decisions. What’s
more critical is being the master of your emotions with the right
mindset rather than the other way around.
Avoid Overanalyzing Forex Trading
Some traders are so opposed to the involvement of emotions in their
trading strategies that they go to the extremes and over analyze their
next steps. Again, doing this will only backfire on you. When you
overanalyze and even over-complicate your trading strategies and
market trends, you will simply end up confusing yourself.
Remember that every complicated equation can be broken down to
various simpler equations. In fact, it’s one of the golden rules when
writing algebraic equations: the simpler, the better! It’s the same with
Forex trading. If a system proves too complicated for you, then forget
about it! If it works for another trader, good for them! But don’t let
that sway you into knocking your head against the wall. There are
many other systems you can try – and some of them will surely prove
much more suitable to your personality and preferences.
Stay Objective
33. - 33 -
If you succeed in emotional management, then you will be able to use
your emotions to help you stay objective. With emotional
management, you’ll know which emotions to believe in more. If you
are presented with a very high-risk investment that you do not
understand but your friend recommends, what should you do? Greed
will tempt you to bet on it, but your instinct for danger will warn you
against doing something foolhardy.
With successful emotional management, you will be able to take the
more objective middle ground instead and that’s to carefully research
your options before making any decision.
Constant Training And Practice Leads To Permanent
Habits And Mindsets
Consistency and constancy are essential in making price action
trading a permanent part of your mindset. It’s not enough to know
how price action trading works. It’s not even enough to be aware that
emotions can have a positive and negative impact on your life. You
should also make a conscious effort to apply your knowledge to your
trading decisions. It’s all right to forget these principles once in a
while, but don’t let that hinder you from trying again.
Having the right mindset will not make your strategies fail-proof, but
it can significantly reduce your risks of incurring heavy trading losses.
With the right mindset, you become more aware of the pros and cons
of your decision and that’s more than what you can say about other
traders.
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Wrapping Up
The Winning Traits of a Forex Trader
In the world of Forex trading, the most successful traits a trader may
have has nothing to do about who gets to play the good or bad guy.
Rather, it’s all about the traits that increase your tendencies to make
wise – or unwise – moves.
Cut Your Losses Early
Traders hear this very sage advice all this time, but most ignore it – to
their everlasting regret. Hope is a powerful motivator. And it’s always
good to be optimistic. However, you have to be careful about choosing
what to be hopeful for. Cutting your losses early does not mean you’re
quitting. It simply means it’s time to move on and try another
currency pair. It really is that simple.
Don’t Fix What’s Not Broken
It is a cliché, but that doesn’t stop it from being true. In fact, ignoring
clichéd advice is quintessential example of how people insist on
leaving the path to success in order to take a wrong turn. Why put a
stop to an account that’s doing well? Although there’s a chance for
trading pairs that are doing so good to plummet and suffer a huge
drop in their rates, these things rarely happen without any noticeable
35. - 35 -
signs. In most cases, you will have enough clues to warn you and fall
back to Trait #1: cutting your losses early.
Know The Right Time To Trade
Some people just like being the exceptions to the rule for the sake of
it. However, that kind of attitude is dangerous for a Forex trader to
adopt. More often than not, it will lead to heavy trading losses,
enough to break the bank for good.
Timing is everything in Forex trading. You may like to think it as a
subjective factor, but studies show that timing is actually objective.
Numerous experts have proven with their case studies that the best
time to trade in the Forex market is between 1900h – 1100h in UK
time, which in Eastern Time will be around 1400h to 0600h.
Know The Best Times To Use Trading Breakouts Versus
Range Trading
Rather than letting mere instinct to be your guide, there’s a surer way
of determining which of these two essential trading strategies is best
to use.
Range trading is best to use during active hours as your
strategies are given sufficient time to work.
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Trading breakouts are best to use during volatile hours as they
can take advantage of the extreme changes that currency pairs
will undergo.
Make Use Of An Effective Leverage
How much leverage you allow yourself to use will always have a
considerable impact on your trading strategies and its eventual
outcomes. There are many different formulas you can use to compute
how much leverage you can afford to use, but at the end of the day the
factors listed below will prove most important.
Keep it conservative.
Always apply a stop-loss point to your strategy.
Risk tolerance levels do not have to be proportionate with
leverage.
There are always exceptions to the rule, and those are simply an
inevitable part of the game. Even if things do not go your way, the
above traits will serve to minimize your losses and increase your
winnings.
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