How to become a consistently profitable forex trader: Revealed! The Easy Trading Strategies, Forex, Forex trading for a living, Forex trading price action, trading psychology, trading in the zone
Book Details
Description
How to become a Consistently Profitable forex trader-Could have simply been titled, “The Confessions of a Consistently Profitable Forex Trader”.
In his words, Patrick Steersman said: “It took me exactly 1 year and 8 months in the trenches, learning Forex through trial and error, everyday trying to make my first $1000 from a $100 live account, I wanted the self-taught professional Forex Trader status, I wanted to take pride in saying, I`m trading forex for a living, and that I’m the forex king. But, did I succeed as quickly as I craved? No, it never happened”.
Why? What do you think experience has taught you about why you couldn`t make it.
“Let me explain, I have been unemployed and hence would wake up at 6a.m daily, start my trading day before I could even bath, search for the trades of the day, when I saw price behaving as per my strategy, I would take a trade, even when price never behaved as per my strategy, I would break my strategy rules and justify by saying, now I’m just taking a scalping trade, but either way, my trades would lose. I would use 2 strategies interchangeably, if I took 2-3 losing trades with 1 strategy, I would change it to see if had I used the 2nd strategy would I have still lost, and if not, I would continue with that 2nd strategy and if I still took 2-3 loses with this strategy, I would feel I needed to search for the next perfect strategy, and this jumping back and forth between strategies would happen over and over, sometimes I would use 2-3 strategies interchangeably because I felt they were all powerful because of the way they looked. So, I SIMPLY LACKED CONSISTANCY”.
What lessons can I expect from this book, what will I gain after reading and applying the lessons in it?
You`ll definitely learn “how to”:
- Identify trends– Forex traders make money in trends, and that should tell you that if you don`t know how to identify trends and ranges properly, you won’t make a dime. “The trend is your friend remember?”
- Identify and Draw “key” support/resistance lines/zones– Every professional forex trader use these key levels to decide where they going to enter and exit the market. Including Pivot points, psychological levels and dynamic support/resistance lines.
- Identify key chart patterns – All the trends have a starting point and an ending point, as the trends unfold, they form trend continuation chart patterns, and when they change direction, they form trend reversal chart patterns. Knowing this chart patterns will help you identify if the trend will continue or if it`s about to change direction.
- Use Heiken Ashi charts – The Heiken Ashi charts helps by reducing the number of falls price reversals and hence trading signals.
- Use the moving averages properly – Moving Averages will help you to identify trends, ranges and potential trend reversals at a glance.
- Use the easy trading strategy – The easy trading strategy brings together all of the above components of professional trading in a simple turn blue/green and red to signal trends and trading opportunities.
“THIS IS AN 87-PAGES eBook with 10 chapters, 36-illustrations and is divided into two sections-it consolidates a $997 Forex Trading Course into a $9.99 short and simple manual covering both technical analysis, price action with indicators and trading psychology. It covers all the “how to” of technical analysis tools and principles which continue to make professional traders who they are. IT WILL GIVE YOU CONSISTANCY IN JUST 1 MONTH”.
