of your average loss. When your hard-earned money is on the line you dont want to assume you will make a trading plan and trading journal lateryou need to do these things before you start trading real money, not after. In 2016, Nial won the Million Dollar Trader Competition. But what the guys or girls selling these snake-oil trading systems arent telling you is that they are just programs that do the same thing over and over; they arent flexible and the results they show you on their websites are either made. Lets see, perhaps you have a 90 win rate.
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6 were winning trades and 4 were losing trades. You have to be realistic and disciplined before you become a pro traderyou essentially have to act as if you are a pro trader before you are oneif you ever expect to become one. Professional traders use simple trading strategies Finally, many beginning and struggling traders are surprised when they find out just how simple most professionals trading strategies are. This means the frequency of your trades matter. Well, in todays lesson Im going to let you guys in on a little secret; making consistent money in the markets is not as hard as you think.
In reality, the market ebbs and flows, and no computer program will make money as effectively as a human can over the long run. On a 10m account, youre looking at an average of 2,000,000 per year. You can open an account online in less than five minutes and deposit money with your debit card or other online payment methods such as Skrill, Neteller, Webmoney, Cash U, Paysafecard and many more. If they dont see anything obvious forming that meets the guidelines of their trading plan, they go play golf, read a book, go to the gym, play with their family; but what they never do is trade just because theyve rationalized some trade setup. They also know that simple trading strategies work to influence a simple and clean trading mindset, and ones mindset is the most important factor to success in the markets. In the worst case scenario when the trade goes bad and the loss gets to 100 dollars the broker will automatically close the trade and limit the loss to the total deposit. Because the more they play, the more they make and its the same for trading.
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