This is a topic not to miss! Whether you are new to price action or you already have some knowledge about it, you may wonder "Is Price Action Just Another Indicator?
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LIVE Webinar coming up! In this webinar, Navin will cover: - What are the most used time frames? Get the Mastering Price Action Course 2.
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You can watch Episode 1 today! In the last half of the video, Navin goes on furt Navin will tell you everything you need to know about this Indicator that so many traders are using. However, he wasn't prepared with an What is trend trading and why is it so profitable?
Knowing how to identify a trend and how to approach it is essential for every trader. Webinar Coming Up! Steps to Reach your Trading Goals Do you sometimes feel lost and have a lack of motivation? This can happen to any student and trader. Today, Navin will give you some powerful insight on how to work on your goal and stay motivated during your learning process. Your goal is just a few steps away Like anything else in life you want to accomplish, it is essential that you set Get ready for an aha moment!
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The "Aha" Moment! | Elite Trader
Been a long journey and plenty more to go! Episode 3: In this short forex educational series, you'll notice the character Raju, enjoys his holidays when he's in a profitable trade. That's the consistency I'm talking about. Let me tell you a secret Consistency is the key to forex success!
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However, chasing consistency is a big issue for most traders. Worse, the majority fail to see the true power of consistent trading, if not underestimate it. But the problem is, because the forex market is so dynamic, it occasionally rewards bad habits and punishes good habits.
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Ironically, that causes traders who were consistent in the beginning become inconsistent! Here's what's going to happen if you don't trade in a consistent manner:. You constantly jump around various trading systems to chase the "perfect" one which doesn't exist at all. You don't taste the fruit of consistent profitability despite spending numerous years in the market.
Next, I'm going to tell you a couple of consistent practices I've been applying in my forex journey which has rendered me a decent success. Hold on! Before I continue, let me make things crystal clear because I don't want to waste your time. Consistent trading fruits only in the long term. That means, before you find that aha-moment, you're going to incur losses occasionally, of which is perfectly normal.
BIG “Aha” Moments Of Successful Traders | Forex Trader Motivation
By the way, I define home-run trader as a trader who cares less about risk management, and constantly pops in and pops out to hopefully hit that one trade that will double his account in the shortest period of time possible. Now, let me give you a peek behind the curtain.
I'm strictly consistent in the following 5 aspects in my forex trading:. I use the same methodology price action to analyse every major and minor currency pair. I risk the same amount of dollars on each and every trade. Yes, they don't sound sophisticated. In fact, they are not sophisticated and they don't need to be. They're simple, you'll be shocked that so many traders can't even do it.
Imagine you have the same dish for your breakfast, lunch and dinner, every single day for the rest of your life. If there's anything I can promise you here, it is this. You may have a chance to make consistent profits in forex, if you follow in my footsteps.
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Otherwise, you have ZERO chances. Now, let me show you what would happen if you're being consistent in just one aspect of trading ——risk per trade. Imagine we have two traders here.