Level trader forex

Level trader forex Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. I teach traders how to trade with simple yet high-probability Forex price action setups on this website.

There are no guarantees and no promises of trading from the beach next month while making a million dollars a year. Be realistic and honest with yourself The first thing you need to do if you want to make a full-time living trading the markets is to simply be realistic and honest with yourself about what is possible at the current moment given the size of your trading account. You have to learn as soon as possible that you can’t ever risk more than you are comfortable with losing per trade, and if your trading account is relatively small you have to expect to trade smaller position sizes to accomplish this. You can’t worry about getting rich quick or fret over making less money than you want. Focus on being a good trader whilst your account is small and I promise you the money will follow later.

Traders who put too much emphasis on the money in the beginning of their career are the ones who end up losing and quitting. Make sure you know the basics of Forex This step is sort of a no-brainer, but I’m always surprised at how many traders email me saying they’ve lost a bunch of money and based on the comments in their email it’s apparent they don’t even have a basic education on Forex or Forex trading. The best price action setup to begin with is the one that you see and understand easiest. If you are forcing yourself to learn a setup because you believe another person is successful using it you may be taking the longer route to profitability. Our brains and personalities will gravitate to different setups. This is also true of exit techniques.

At the beginning, or at a new beginning perhaps, you will do best by choosing to master trading one setup with the trend. If you have been at this game for awhile and are not yet consistently profitable you know what I am saying is correct. This site contains trading techniques and setups with the intent that it will aid you in creating your own personal trading style. My personal trading style is a combination of various styles and setups. I trust this website will be an exercise in my personal understanding of my own style allowing all to benefit.

Next, you need to solidify your mastery of your trading strategy by creating a Forex trading plan around it. If you learn from me you are going to learn my price action strategies, thus you’ll need to build a price action Forex trading plan before you start trading the markets. A trading plan is a critical element to becoming a full-time Forex trader because it acts as a guide for you to follow and as a constant reminder of how to trade your strategy. This helps you to stay focused and disciplined and helps you to avoid over-trading, over-leveraging your account or generally trading emotionally. You also need a Forex trading journal so that you can track your trades and see your trading performance over time. Demo-trade After you have mastered an effective trading strategy and forged a trading plan around it and have your journal ready, you can start practicing your trading strategy on a demo account. Do not blow-off demo trading as something you don’t need to do, because you most definitely do need to do it.