Most traders fail because they don't know how to tale calculated risks when the odds are in their favor - Poor money management is one of the major reasons novice traders lose. Work smart not hard Trading is essentially simple. If you look or read about eh great traders you will be struck by how simple their trading methodologies are. They know that working smart not working hard is what makes a great trader.
The basics of trading can be learned by anyone however acquiring the traits of confidence and discipline to make the method work can take a little while to acquire but if you persevere you can succeed. These books interview some of the top traders of all time and these are essential books for any novice forex trader.
Anyone can become a successful trader as everything about trading can be learned. Apply yourself to learn the necessary skills and you will succeed.
Trader Personality Test: Find your Pros and Cons | Forex Academy
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Can you be Successful Forex Trading? Keeping the motivation is crucial for traders because as you know, there are good times and bad times. Therefore, how you achieve your goal as a trader depends on how you can keep your motivation, and the root is different among everyone. I was born in Japan and went abroad after high school to the U.
I hope you not only enjoy the videos but learn and apply the knowledge and strategy so that you improve your trading and eventually make living just like myself. Check More Details. You will learn the essence of Ichimoku Wave theory, Time theory, and Price theory with real chart examples in Forex, Stocks, and Indices. Please click a button below to see details. Ichimoku Playlist. Click to subscribe.
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Tweets by ForexKei. Follow ForexKei. Learn and apply the knowledge and strategy so that you improve your trading and eventually make living just like myself. In order to build up a profit in forex trading, you need to understand the following. Right way of studying and the guidance is required to a trader. Obstacles to prevent you from your growth will be eliminated as much as possible, and will guide you to be a successful trader. Traders are lonely.
Basic PDCA cycle. Kei at house. Let me show you my background so you know FMS is based on my own knowledge and experience. Based on 7 years of my own trade experience An psychology expert who graduated from UCLA by psychology major with solid counseling and coaching background A former financial planner in CA, U. S Hands-on counseling experience with NLP certifications Human resource at the largest IT company in Japan, in charge of human development and internal training.
Note Your questions or messages may be answered or shared on my videos. Your personal information name and email address are not going to be disclosed, but if you are not comfortable, then put that on the message. This website is run by myself only, therefore it may take few days to reply. If there is no response even after one week, there is a possibility that the message is missing, so please resend it. Now, I am making my living by the forex trading only.
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Do you have any questions? Check The Detail. EMAIL forex. First, the process starts from analyzing and recognizing your own current situation. Money management. The following points will be asked first Questions for FGM will be different Your current income and expenses Current amount of capital Your current lifestyle and current job Target income from Forex Trading Your plan of life e. Plan your specific goal based on 5W2H along with concrete numbers. Act daily as planned. Identify what can be done to achieve the plans and goals, and break them down into To Do list, and execute them one by one.
Evaluate whether the actions were done as planned, and goals were achieved. Based on the evaluation, continue the good points, and think of how to improve the bad points. Before Mentoring you feel….
After Mentoring you feel…. Focus on What to Study. No matter how much I study, my trades are not improved. I know what to study and what to focus first, so studying itself becomes fun I can gain and obtain forex knowledge without any concern The purpose becomes not only making profit from the market, but trading itself becomes enjoyable By avoiding the same mistakes over time, the efficiency to growth to be a successful trader gets improved.
Obtain Skills to Plan Ahead. Reduce the number of emotional trades by R-PDCA system and be psychologically safe to build a path to grow profit.