Hey fellow FF members, I'm making this thread to share some free trading tips with you. I'd like to help traders get the proper trading mindset. I'm not selling any signals here. I do offer a course on my website FOREXcellency.com , but everything you will see here will be educational & no charge.
I will attach some demo accounts with trades that I take using my proprietary strategies & method.
One thing most of us know as traders by now is that we need to be trading the right market. There are a ton of different currency pairs, commodities, stocks, stock indices, etc. We don't have to settle for the Euro, GBP, AUD, JPY, etc.
Many traders here trade mainly Forex, and I respect that. Forex is my specialty. Especially BIG, LONG TERM moves. And to be honest with you, that's what this business is really about. The guys who make the real money in Forex are not staring at a chart trying to figure out how to make their next 10 pips, trust me on that one.
The real Forex Elite are into the 1000+ pip moves. And not just taking the trade and walking away forever (they add to their winners with the houses money), although at first that is a VITAL move for success, especially for beginners. I advise setting your trade with your SL & TP's etc. and walking away. We only need to check our trades maybe 15-30 minutes a day. If someone is spending more than an hour a day on their trading, chances are they're making a lot of mistakes.
Losing trades are fine. Losing trades are part of this business. It's like rent in Forex or in the Financial Markets. Spreads, Commissions, Swaps, and above all..... LOSSES. Part of the business... No big deal....
IF THE LOSSES ARE CALCULATED & TOLERABLE AND NO LOSS EVER HURTS TOO MUCH....
We Maintain our edge.
But first we have to have an edge. We have to know what it is to have an edge before that.
I know it's possible to make money scalping this market. Don't get me wrong. I also know it's possible to make a ton of money intraday trading & I've done it myself. But the honest truth is the best way to turn the odds in your favor is to spend less time trading.
So anyways, the GBP and JPY are moving like crazy. FX is a great place to be right now if you're defining the proper price levels and calculating your risk so that it's completely tolerable & not an emotional stressful experience.
GBP/xxx is where I will be focusing a lot of my attention to.
As always.. Trade wisely & make sure no loss hurts you!!
Founder & Head Trader