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Showing posts from March, 2024

The daring adventure of a Trader

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The Trader Step into the world of trading, where time bends to your will, and your office is wherever your vibe takes you. Forget about the typical 9-to-5 grind and break free from the shackles of a boss breathing down your neck. Trading isn't just about numbers on a screen; it's a thrilling journey blending the strategic finesse of chess, the calculated risks of poker, and the mental gymnastics of a crossword puzzle. No time-clock for the Trader Picture this: a community of puzzle-loving, risk-embracing individuals drawn to the magnetic allure of trading. While others stick to the mundane routine of daily life, traders dance to the beat of their own drum. They're the ones burning the midnight oil, fueled by passion and curiosity, rather than punching a time clock. Embrace the Extraordinary Trading isn't for the faint-hearted. It's a daring adventure where uncertainty reigns supreme, attracting those who dare to defy the status quo. It's a realm where conformity...

Find the best next trading move

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Trade the best next trading move By Tom How to find the best next trading move Figure our the key elements of the position and define the plan Consider what the price can do Come up with candidate moves for your next trade Calculate your next trading move Execute the trade 1.      Figure out the key elements of the position and define the plan: Is there a clear define trend direction? What is the overall trend direction? Where is near support and resistance? Are the trend lines relevant? What is the duration of current trend? Where is the price, in a the direction of the trend or a retracement? Where is the price relative to areas of importance? What is my time interval/time frame for analysis and for entries? Are there any high probability candlesticks combined with price patterns visible? Is the distance between price and areas of importance sufficient? Are there any major economic news expected, if any at what time? Am I familiar with the price character of this instru...

5 Steps to Mastery

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HOW TO PRACTICE Forex Trading Concepts:  5 STEPS TO MASTERY By Tom   One of the biggest challenges you face whilst you sail your way through the uncharted waters of online trading concepts, is to stay true to your course of learning without being side-tracked along the way. Every traders knows that you have to practice to gain improvement and fine tune the skill. The idea is simple enough, perform enough trades and you increase your potential to learn something to a level where you can perform it in an excellent way, and you don’t have to think about it too much. Mastery Focus Formula As you probably know, most traders never learn skills to this level, instead they stumble around at the lower learning levels where they think too much about what they are doing, and get a lot less than they expected. Thinking and over analyzing gets in the way of doing, and you need to not only recognize this, you need to do something about it. Tim Gallwey the author of The Inner Game of Tennis ...

5 Simple Steps to Turn You Into an Elite Forex Trader

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5 Simple Steps to Turn You Into an Elite Forex Trader By Tom These 5 simple steps will help turn you into a confident, disciplined Forex trader. By using the steps outlined below you can be in the top 10% of all Forex traders. That would be the few that actually make money. There are going to be two things you notice about these steps:. They are obvious. They are simple. All aspects of Forex trading should fall into those two categories. In fact, one of the biggest mistakes I see Forex traders make is trying to learn and use too much. Step 1 - Get Yourself Ready To Trade In my experience with hundreds of traders I have been amazed with how few of them know how to get their game faces on. They forget trading is a job. The greatest one in the world, but a job nonetheless. It's difficult for them to be self motivated. Like the majority of the world they need someone over their shoulder telling them what to do. So, find anything in or around you that can be used to prepare to trade. Ta...

The Gap is Getting Bigger (Great Distortion)

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Great Distortion (imbalance) By Tom The gap is getting bigger Don’t get left behind Embracing the Funky Era of the 'Great Distortion': Time to Groove into Action Yo, listen up! The vibes of the 'great distortion' are swirling around us, a funky force that's shaping our reality like never before. Today's the day, y'all – it's decision time. Either you get down and get funky with decisive action, or you risk getting left behind in the whirlwind of this transformative groove. Navigating the Inflation Dilemma: Unraveling Wealth Disparities in Style Yo, check it out! Inflation's throwing its weight around, hitting everybody from the high rollers to the street hustlers. But here's the scoop – while the rich keep on stacking their chips, the rest of us are caught up in a never-ending struggle. What's the deal with that? Well, it's like this – the wealthy cats are busting out strategic moves to beat inflation, protecting and pumping up their stac...

Building Wealth with Forex Trading

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  Trading the EURUSD building capital for my trading business.  By Tom The following trades were done on a live trading account trading the EURUSD currency pair during a time when this pair was confined in a down trending channel. Trades were taken over a duration close to 5 months. 74 profitable trading days delivered exponential growth starting with a low capital amount. Yes, you will say there are more than 74 trading days in 5 months, and you are right, but as traders we don’t trade every single trading day, we trade when and where we like to live life on our terms. A simple price action strategy was used to enter trades (using trend lines and price patters) on different time frames, trading in the direction of the trend as high probability setup, and alternative trades was taken against trend direction using retracement tools,   this trading style suited the trader’s trading personality. A simple money management strategy to breakeven and secure profits as soon a...