Make sure you follow all your Forex rules

Make sure you follow all your rules in forex so that you are properly aware of the risks you are taking this again plays into discipline but I still believe every trader should be marking up 26 charts, you wouldn’t mark them up every week because some Forex trades will not run at the same time.

Make sure you follow all your Forex rules

By following along and looking to see what setup will give you the most profit with the least risk, and I’m saying do that to those of you guys because I got some messages and you’re like how are you trading 26 pairs I didn’t say I was trading 26 pairs.

Trade Manually so you don’t have to rely on the calculator, you can be anywhere in the world, and you can see what size position you can take based on your setup, I’m going to do another article where I break down to write it down exactly step by step, I’m going to give you the back end of the calculator, step by step, we’ll write it and we’ll review it and I think you need to master this part if you can master this part you can scale and you can grow and you can build your account.

Coding 26 different Forex currency pairs

That’s one thing and the second thing is that I created article segments that talk about coding 26 different pairs and for those who trade medals, Those two marks are right so I still think I still think it’s worth it, and the reason I say the minimum money I think is because if you’re trading with a US regulated broker, you’ll probably need $11,000.

And I know that sounds like a lot but you’re all going to buy coffee, you’re going to buy drinks, you’re going to buy, you know whatever you’re buying at this point, I think there’s a little bit of sacrifice that maybe needs to be made to make sure that you can reach that goal.

And then I also think that by having a valuable resource you’re going to handle it a lot better than if you were able to put $50 in an account and scale it up all the way and grow very quickly like if you saved you had to take the time to save $11,000, you’re going to treat that thousand as If it’s a million dollars, you’re going to be very careful, you’re going to be very conscious about what move you’re going to make.

 Choose from the lowest risk and highest reward Forex settings

What I said was an evaluation because what it does is it allows you to choose between the lowest risk and highest reward settings because some of the trades you know I’m going to do article clips here and it will take two or three weeks for the trade to be executed, but because I went through and looked at other pairs, I got Another setup I can get into this week so it doesn’t get lost as you just want to put yourself in a position where you can take advantage of the immediate market movements.

And then you have some longer-term moves that you’re going to be looking for Well, if you can trade a smaller account, you can scale it up and scale it into something bigger if you’re interested in learning math.

How to manually calculate the profit of your Forex trades?

I’m not talking about the calculator, I’m talking about you looking at the setup you’re looking at in a pair You understand what the exchange rate is You understand what your stop loss is Do you understand the risk you want to take on the account And you understand how to calculate Okay I want 2% risk, I got a stop loss of 25 pips, I got an account worth $1500.

I need to take 50 cents on the dollar, you know whatever you need to take, I don’t do that, I just throw the numbers out of my head just to make sure you guys understand what I’m talking about, I want everyone to be good at this if you can Master that, you can grow your account now, I know there will still be those people who are still interested in support companies every day every day more power to all of you.

 Taking a more conservative approach or route in Forex

Well certainly more power to you but for those who want to take a more conservative approach or route or may not want to risk what may be related to regulation, I encourage you by all means to go ahead and click the link in the article description and sign up for the free mini course I will cover it and discuss it in great detail.

And then I’ll make sure you guys get the first deal when I do the article and break it down, I hope you’re all hanging in there, and I hope you all don’t give up, this is not a lost cause, and I hope you continue to pursue and learn this skill set because it can be very rewarding, and so on I just want to encourage you all to keep at it, stay with it, and stay in the fight to win.

If you put in the work and create a winning process in Forex

It will happen that if you put in the work and you work at the process, the process will eventually work out for you, so I appreciate you guys watching this article to the end, go back to the paragraphs in the context of the article, sign up for the mini-course at no cost, and we’ll break down Some things about forex there.

I knew nothing about analysis, I just looked at stocks that seemed to be well priced and bought them and saw very good returns on a demo account, so I then started living on some of the money I had borrowed quite embarrassingly, you know I think about it now and what do I know? I have learned and now realize what needs to be done to make money from trading, completely naive that I jumped into the market with three thousand that I borrowed from the bank, and within two weeks I lost almost all of it.

Summary

I look forward to seeing you all in the next article we’ll be back to the technical stuff soon enough but I wanted to write here and talk to you for a few minutes about my thoughts on this if I get down to business on how to handle it in light of everything that’s happened over the last few months See you in the next article I hope you have an exceptional day.