I personally recommend that all traders have mastered an effective trading
method like price action trading, developed a solid trading plan from that trading method, have a trading journal, and trade their plan on a demo account whilst recording their trades in their trading journal for at least 2 or 3 months before even thinking about trading a live account.
When you use a simple trading
method like price action, it eliminates most of the confusion, doubt, and frustration that traders experience as a result of being unsure of how to trade their system or strategy.
A trading
method like price action, has no negative effect on your trading psychology and will not become less effective over time.
Every trader knows after a little practice and education on a high - probability trading
method like price action, they can pick near - term market direction with pretty good accuracy, at least enough to get into open profit.
Give yourself the best shot at becoming a consistently profitable forex trader by combining a great
method like price action with the power of position sizing and risk to reward scenarios.
So the first thing you can do to set yourself apart from the crowd of losing traders is to secure an education in a simple yet effective trading
method like price action, to learn more, checkout my price action trading course.
• Consistency in sticking to an effective trading
method like price action, helps you master your trading strategy and gives you a real chance to see if your trading strategy is truly worth using or not.
If you remain disciplined and stick to your trading plan over a large enough trade sample size, you should come out on top in the end, of course that is assuming you are using an effective trading
method like my price action strategies.
Give yourself the best shot at becoming a consistently profitable forex trader by combining a great
method like price action with the power of position sizing and risk to reward scenarios.
Not exact matches
When you have a strong entry
method,
like price action setups, combined with an understanding of risk to reward scenarios you begin to think in probabilities.
Consistently trading an effective trading
method with discipline,
like the
price action method I teach in my forex trading course, will eventually turn into proper trading habits which will then turn into making money consistently in the markets.
I suggest you stick with pure
price action trading strategies,
like the ones I teach and trade, but whatever
method you end up using, you will trade it better by understanding the
price dynamics occurring on the chart below it.
Trading Nials»
Price Action methods on the Daily Chart paves the way for these affirmations to become true.about this idea of trading i
like it most......
This is just one of the many
methods that I use to trade the forex market, if you would
like to learn more about how I trade the market with my unique
price action strategies then please take a look at my
price action forex trading course.
So, since trading success is mainly dependent on discipline and mind - set this rules out the emphasis on
method, it only makes sense to trade forex using a simple trading technique
like price action analysis so that we can use our trading
method to help maintain discipline and emotional reaction.
Price action trading gives you an «edge», just like any other method does (although price action is clearly the best way to trade), and what you need to understand is that no matter what your edge is, it's not going to work out in your favor EVERY time, and you don't know for sure if any single edge - event will work
Price action trading gives you an «edge», just
like any other
method does (although
price action is clearly the best way to trade), and what you need to understand is that no matter what your edge is, it's not going to work out in your favor EVERY time, and you don't know for sure if any single edge - event will work
price action is clearly the best way to trade), and what you need to understand is that no matter what your edge is, it's not going to work out in your favor EVERY time, and you don't know for sure if any single edge - event will work out.
So the remedy to this problem is to just accept the fact that it is almost always better to employ a simple forex trading
method that makes use out of a clean
price action chart than to spend hours combining different indicators and trying to understand their mathematical foundations or trying to program expert advisors and the
like.
As with all of these
price action formations and strategies, a good trading plan,
like the Top Dog Trading
method, can help you qualify the best trades to take your positions on.
You have to first learn a real
price action method and then commit to it, in order to know what a good
price action signal looks
like in the market.
If this is the case, you need to get more education, practice your strategy on demo, and make sure you are actually using an effective trading
method that's not overly - complicated,
like price action.
One of the best ways to eliminate stupid trades, is to simply remove all that «confusion» and learn a simple trading
method like the one I teach in my
price action trading course.
When you learn to trade using
price action it will be
like you can see the market clearly for the first time, no more foggy
methods that leave your head hurting.
Instead, trade in a disciplined and patient manner and follow a logical strategy
like my
price action trading
methods and be realistic....