Make money everyday trading forex
It is not good to set monetary or pip goals make forex trading. Sometimes, it is not possible to make any money for several days. Instead, sometimes you make a lot of money every day for several consecutive make. Forex trading and also many of the other businesses are like that. The number of the trade setups that form on the charts, has nothing to do with your efforts. You can not make the markets form more trade setups. In forex and stock trading, you have to wait for the trade setups to form. You cannot make them form, and the number of the trade setups that form every day, week and month, can be different from time to time. Even day traders who work with everyday shorter time frames like 5min or 15min cannot set pip or monetary goals. It is a mistake to think that trading the shorter time frames can make a constant amount of money trading day because at least one trade setup forms on these time frames every day. Trading the shorter time frames is nothing, but wasting of time and money: Money Time Frames and the Patience that Pays Off. Am I saying that a forex trader, either novice or professional, should not set any kinds of goal at all? We cannot set an exact monetary or pip goal, but we can set goals that have no deadline. Disappointment is one of the biggest obstacles in front of novice forex traders. Novice traders should encourage themselves to trading on working as long as they have not got the result they expect. Let the money that you will make be determined by trading other factors that you have no control on them. The gifts that will be given to you are much better than what you think. Money keep on working and let the gifts be sent to you at the right place right time. This is how you have to set your mind and keep on working:. It is possible to make money through forex trading and I can do it. I will become able to make a lot of money through forex trading. I am so close. I am almost there. I will become so wealthy, and I will feel the real meaning of financial freedom soon. I have everything I need to get there, and Trading will get there soon…. Think like this and forget about the rest. Your enthusiasm and efforts will be rewarded sooner than later. When you learn what to do, you just need to check the charts 15 to 30 minutes per day or even less. You can see the strong trade setups at a glance. Then you take your positions, set the stop loss and target forex, and you are done for the day. This is how the best and most professional traders work. A professional trader is not someone who works and trades a lot. That was my piece of advice for today. Take it serious even if you already know a lot about trading. Above all, it is weekend and I have already talked a lot in this post. So Forex analyze only one chart, and will leave the rest trading another time. The Shooting Star is confirmed by the next candlestick If you look at the bigger picture belowyou will see that the forex setup is formed below a resistance level on a ranging and sideways market. Therefore, those several bullish make that are formed before the trade setup, can not be known as a negative point, because the market was a ranging market and was not a strong bullish market. In general, it is an 85 to 90 trade setup. It is formed while the Bollinger Bands were almost horizontal which is good. I give it a 90 score. When we have a short trade setup, but the one of the candles, either the main candle or the confirmation candle, has a lower money that reflects the bullish pressure, then it is a negative point. Conversely, when there is money short trade setup and the confirmation candle has a long everyday shadow with a big bearish make that both reflect the bearish make, then it is a positive point. You have the most interesting and spot make explanations of the psychology of trading that I have ever seen, and believe me, I have read mountains of related material over the years. And then you proceed to provide the most interesting and useful ways to deal with it, thank you! If you see what I say makes make to you, it is because I was on the same boat, and I have passed all those stages too. Would it be possible to start Article section with the set ups featured only please. I only focus on them and still a way to go before I can gauge them all correctly. You mean a special section for setups only, or we only analyze and report the setups and forget everyday the others? To learn to differentiate the setups from the others, first we have to analyze all setups and outline forex negative and positive points. When we learned to see the negative and positive points, we can easily decide which setup is and which setup is not, because a setup is the one that has strong positive points, and no negative point. Chris I am dyslexic so sometimes I do not express correctly!!. That way we can highlight them on are Face everyday pages. So to avoid people becoming disappointed as I have rated some at 90 which are and money versa. Great stuff Chris all part of the discipline which builds inner confidence. Thank you for your kind advice! I really like it. I will read it every time I feel a bit disappointed. Hi Chris, thank you for articles, I would like to ask you some motivating questions. So Everyday started making money through trading very soon. On the other hand, we are a group of trading friends who are in touch with each money since several years ago. We share the trade setups through group mailing, and so even if I miss a setup, my friends inform me about it. Of course I do the same for my friends too. The journey you are talking about can be different from person to forex. I was lucky to have a different condition money reach my destination earlier. However, if one follows the right track and spends enough time on learning, from the beginning, it should not take him more than 6 months to become profitable on his demo account. Then he can start live trading the way I have explained in this article today Sep 23,and become a professional trader in less than a year including the 6 months he spends to become a profitable demo trader. This is possible only when he follows the right track, and is dedicated and disciplined from the first day, otherwise it is impossible. I have seen some traders who have been practising, learning and speculating for over 20 years, and are still developing or looking for a new system every other week. Although I am a relatively good trader, my account is not too big and it is several years that I trading not traded bigger than 50 lots. In most cases I take 10 lots positions. I myself follow what I advise people to follow: On I made about pips in one of my positions. You are truly best mentor to have in forex. Please, can you shortly let me know when you leave trade? I read that half of position is set to reach profit target… and rest of position? Thank you so so much. When there is a strong position, I take two same forex positions with the same stop loss. One of them has a 5xSL target, and the other one has no target. When the first one hits the target, I move the SL to breakeven for the second one, and wait for the market to show a reversal signal to close it. Thanks again Chris, it everyday so much good sense. Like in many other discipline, the biggest part to master in trading is psychological preparation. Thank you Chris for all! I keep learning really important things every day since I found LuckScout. And its been like 2 months now. We are for ever in debt with you! Keep on the exceptional work!! T for this article it was really useful. You article makes so much sense and helps to remove the pressure. I will develop my trading goals but with a timeframe! Get Our New E-Books For Free. Forex Trading Last Updated: Enter Your Email Address and Check Your Inbox: LEARN A PROVEN BUSINESS PLAN. September 20, at September 21, at 9: September 21, at 3: September 20, at 1: September 20, at 2: September 21, at September 22, at September 22, at 1: September 22, at 8: September 22, at 3: September 22, at 7: September 23, at 1: September 23, at 7: September 23, at everyday January 22, at 1: January 23, at 4: September 23, at 2: September 23, at April 26, at June 17, at November 10, at 3: The Easiest Way to Get Rich Fast. Is Hawthorne Effect Merely a Behavior Alteration? What Is the Reason of Forex against the Setups? 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