If you want to trade forex but have no idea what you are doing, then you have come to the right place. Let’s get right to it and provide you with some of the best foreign currency trading tips for newbies out there at this time. Remember folks, we are here to help you make money.
Say Goodbye to Your Emotions
The first thing that you need to realize about foreign currency trading is the fact that emotions have absolutely no role to play here. The simple reality is that oh so many trading newbies decide that their gut knows best. This could not be more wrong. Your emotions have absolutely no place in foreign currency trading or any other type of trading for that matter. Your emotions will do nothing but cloudy judgement and get in your way.
What you need to do is stick to what you know and stick to the facts. It’s something goes wrong, don’t overreact. If you lose a big trade, don’t try to place more big trades to make up for it. Trading is supposed to be rational, reasonable and well thought out. Everything you do in trading, whether Forex or otherwise, needs to be well thought out. Whatever you are doing, if it’s nothing more than an emotional knee jerk reaction, then stop it right now.
Do Some Daily Weather Forecasting
When it comes to foreign currency trading, one of the things you absolutely need to do is some daily weather forecasted, so to speak. In other words, you need to check the news because all sorts of news, weather, economic, political or anything in between, can have massive impacts on national Fiat currency values.
For instance, if you see a news story about EU S housing market completely crashing, chances are pretty big. But you know that the US dollar is going to become weaker over the next few days. Being aware of what is going on in the world is extremely important for foreign currency trading. National currencies are of course linked to the economies, so economic news is very vital to pay attention to. Never start a day of trading without taking a close look at the news.
Stick with the Major Foreign Currency Pairs
As a newbie trading foreign currencies, another thing that you have to do is to stick with the major currency pairs. The major currency pairs are the ones that see the most consistency yet also produced the most profits. The major currency pairs are also the ones that are most widely used in the world, and the most widely traded.
Some of the major currencies that you want to focus on include the US dollar, the British pound, the Swiss franc, the Japanese yen, the Australian dollar, and the Canadian dollar, as well as of course, the euro. Don’t start trading with random currencies such as Russian rubles or Indian rupees. It won’t go well.
Start Small with Foreign Currency Trading
What you need to know here is that foreign currency trading isn’t easy, not in the least. Therefore, as a newbie trading floor experience, it is strongly recommended that you not have more than one, two, or maybe three trades open at once. Simply put, the more traits you have open at the same time, the harder things have become, the keep track of.
Yes, as a beginner you definitely want to keep an eye on your trades at all times, because if you aren’t 100% confident in your trading strategy then you want to be sure that your trades going right at all steps of the way. As you become a better trader, you can have more trades open simultaneously, but for the time being, stick with one or two.
This start small rule also applies in terms of the amount of money that you invest into trades, not just the amount of trades that you have open at once. It is recommended that you invest no more than 1% or 2% at the very most of your trading capital into a single foreign currency trade. Investing any more than two percent of your total capital in a single trade is extremely risky.
Don’t Mess Around with Leverage
We aren’t going to go into much detail here, but as a foreign currency trading newbie, the bottom line is that you should not mess with leverage, not at all. Sure, leveraging trades is great if you win because you end up making a lot more money than you rest, but with that being said, if the trade goes South, you’re on the hook for the full amount.
Get a Trading Education
The fact of the matter is that with foreign currency trading, if you don’t have an education, mainly a solid base of knowledge, then you just aren’t going to be successful. Foreign currency trading, while extremely profitable, is also one of the most difficult things out there to do properly. If you don’t know at least the basic concepts and strategies that go into foreign currency trading, chances are pretty much 104% then you’re going to lose every single last penny you invest.
We need to find a Forex trading school that you can teach you all the fundamentals, the basics, all of the terms, strategies and everything in between that you need to know in order to be successful. The number one Forex trading school that we would recommend tracking out at this time is known as the Income Mentor Box Day Trading Academy. If you want to learn how to trade forex, you want a great teacher and you want to start making money as soon as humanly possible, then this is the place to be.
Use a Forex Signals Service
The other foreign currency trading recommendation that we have for you is to try using a signal service. If you are a new view as no idea what you are doing, then a single service is right for you. If you use the right signal service, you’ll get up to a dozen signals a day. For instance, you might get a signal for the USD CAD pairing.
This signal would come complete with entry and exit points, so you know exactly when and for how much to buy and sell. You literally don’t have to know a single thing. Just wait for the signals to come out, go to your trading platform of choice, and copy and paste. In case you didn’t know, with your membership in the Income Mentor Box Day Trading Academy, you get access to a 100% free Forex signal service.
Foreign Currency Trading for Newbies – Final Thoughts
If you follow the foreign currency trading tips that we have outlined here today, you shouldn’t have any problem with making money. Just remember that every foreign currency trading journey starts with the right education.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
As a newbie trader, one of the things that you should check out is Andrew’s Trading Channel. This is a great channel that you can find on YouTube, one that is dedicated to providing beginners and aspiring traders with a cost-free trading education. Folks, first and foremost, this resource is 100% free. The only thing that it will cost you is some time, and if you plan on being a profitable trader, then you better have plenty of time to spare.
The simple reality is that trading is not easy, something that you will quickly learn on Andrew’s Trading Channel. Now, with that being said, just because trading is not easy, does not mean that you cannot learn to do it in an easy way. You just need to have the right teacher and the right educational resource. This is true whether you are trading cryptocurrencies, commodities, Forex, the stock market, or anything in between.
The fact is that to be a profitable trader, it takes the right knowledge base and the right skillset, not to mention a good deal of patience too. Well, you could just start trading without an education, but that is a sure-fire way to lose a ton of money.
People who don’t know how to trade usually never end up being successful. This is not something that you can teach yourself in just a few minutes. Indeed, trading is a bit more complicated than tying your shoes or riding your bike. Folks, if you want to learn about some of the best trading tips, strategies, and more, then Andrew’s Trading Channel is what you need to check out. Let’s take a closer look at exactly what you get with this educational resource.
Ok, so we are talking about Andrew’s Trading Channel, so it is probably a good idea to start off by taking a closer look at the man himself. For those of you who are not familiar with him, Andrew A is a long-time trader who has been in the business for well over a decade at this point.
Thanks to his degrees in business and economics, he has managed to see a whole lot of success, mainly with Forex, stock market, and cryptocurrency trading. His background in economics makes him specifically suited for all types of trading, as he has a vast knowledge base and an in-depth understanding of everything to do with the market.
Moreover, Andrew is able to make more than a full time living, many times more money than somebody working a full-time job, and this by just trading for a few hours per day. Moreover, you may also know Andrew from one of the two trading schools that he is the leader of, the Income Mentor Box Day Trading Academy for Forex, and the Stock Trading Mentor Box stock market school.
Both of these trading schools, particularly Income Mentor Box, has seen great success and received rave reviews from the vast majority of the students who have gone through the programs. In the few short years that these trading schools have been active for, there are thousands of people who have graduated from them and have gone from risky newbies to highly successful trading professionals.
Of course, Andrew’s Trading Channel, unlike both of those trading schools, is totally free of cost, and it is a great place to learn some of the newest trading tips, rules, strategies, and more. What we also want to say about Andrew is the fact that he also makes for a fantastic teacher. Not only is he an extremely knowledgeable trader, but he also knows how to teach. Andrew makes sure that all of his lessons are very easy to follow, and that all of the concepts, no matter how complex, are easy for newbies to grasp.
What Will You Learn on Andrew’s Trading Channel?
Something that you are probably wondering is what you will actually learn on Andrew’s Trading Channel. Now, before we start giving examples of what you can learn here, we do need to say that this channel does of course not qualify as a full-scale trading education.
Yes, this is a great place to get free education for trading Forex, stocks, and cryptocurrencies, but it is not really ordered or structured, just a random conglomerate of several thousand trading guides.
So, if what you are looking for is a comprehensive education for trading, one that starts from the ground up, then those Mentor Box trading schools we talked about above are worth checking out, which we will also talk about in some more detail below.
With all of that being said, there is no denying the fact that Andrew’s Trading Channel is a fantastic resource for aspiring traders who need some extra help and tips. On this channel, you have access to hundreds, if not thousands, of individual trading guide videos, each of which might take the form of a list of tips for a certain kind of trading, a new and improved trading strategy, certain rules, and developments in trading, news developments that affect prices, and even reviews of trading platforms and signals services too.
The simple fact here is that if you are looking for a trading education, and you want easy access to all sorts of tips, strategies, news, and more, all for free of cost, then Andrew’s Trading Channel is the place to be. Let’s take a quick look at some of the most recent and most popular trading guides which Andrew has uploaded to his trading channel in the last few days.
Trading Bitcoin with Only $200
One of the most recent videos that has been uploaded to this channel is all about teaching newbies how to trade Bitcoin starting with just $200. The reality is that starting with such little money is not easy. It is very easy to lose $200 through Bitcoin trading, which means that a whole lot of caution is required, not to mention a good deal of skill too.
Well, this guide on Andrew’s Trading Channel is all about teaching you how to profit trading Bitcoin when you have just $200 to start. It is worth noting that using these exact same tips and rules, Andrew managed to double his initial investment in a single day, taking less than 24 hours to turn $200 into $400. Now that is impressive, and if you pay attention here, there is no reason why you cannot do the same.
This video on Andrew’s Trading Channel, as you might be able to tell by the name of it, is all about trading psychology. The focus of this video is mostly on what the right mindset for trading is, what your mindset needs to be like, and what your thought process when trading should be like.
Something that Andrew tries to hammer home here is that trading is rational, not emotional. It is all about using your brain, not your heart. Andrew does actually also talk about some other trading tips here, specifically about trading with candlesticks.
Andrew’s Trading Channel Live Streams
Something else that needs mentioning abut Andrew’s Trading Channel is that if you subscribe to it and you activate the alerts, you will be alerted when Andrew starts trading live on camera, or in other words, you can watch his live streams.
Personally, we think that these live streams might just be the best aspect of Andrew’s Trading Channel, and the reason for it is because if you follow along closely and in realtime, then you can copy what Andrew is doing live.
Literally, you can do exactly what Andrew is doing, copy and paste his trades, and make the same profits that he is making, all without really having to know or do much of anything at all. These live streams are a great way for you to make easy money trading, and to learn various rules, tips, strategies, and more, all at the same time.
Andrew’s Trading Channel Scam Alert
What you need to know here is that some scammer has tried to copy Andrew and is currently out there trying to steal money from people by pretending to be Andrew. For those of you who don’t know, Andrew actually as a few Telegram signals services that he provides people with.
There is the Income Mentor Box Forex signals service (WHICH YOU GET FREE ACCESS TO WHEN YOU JOIN INCOME MENTOR BOX), and Crypto Trading Box, a cryptocurrency signals service. If you want awesome Forex or cryptocurrency signals that can help you make super easy money without having to do anything or know how to trade, then these are the legit services that you need to check out. Today, we have provided you with the official links for both the crypto and Forex signals service.
Do not go to any other site or pay money to anybody claiming to be Andrew if it is not these links that you have followed. Check out the video we have included for more information on Andrew’s Trading Channel scam.
CLICK BELOW: GET YOUR CRYPTO TRADING BOX SIGNALS TODAY!
Income Mentor Box Day Trading Academy + Forex Signals
Zok, so we did touch on the Income Mentor Box Day Trading Academy above. This is at this time one of thw world’s most popular online Forex day trading schools out there. Yes, Andrew is the leader of this school, and yes, he uses his great teaching methods to personally teach all of the lessons. Income Mentor Box features a full-length curriculum with over 50 comprehensive lessons. The lessons all come in the form of easy-to-follow video tutorials, where you will see both Andrew in action, as well as his teachings.
We really like the way Andrew teaches here, because not only does he explain everything in detail using words, but he also backs everything up by actually doing what he is talking about live on camera, so if you don’t understand the verbal explanation, you can still follow along visually.
The vast majority of people find Andrew very easy to learn from, not to mention that those 50+ lesson will teach you everything you need to know to be a profitable Forex trader. Ok, so Income Mentor Box is obviously not free, but it does come in at a very low price, and it also comes complete with that signals service for Forex that we discussed above.
This is a legit signals service that provides users with up to 12 highly accurate Forex signals per day. All signals come complete with entry and exit points, so all you have to do is copy and paste the signals as they appear. IF what you are looking for is a comprehensive Forex trading education that starts from the ground up, Income Mentor Box is the place to be.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
Stock Trading Mentor Box + FREE UPSI INDICATOR
If you would rather learn how to trade stocks than Forex, then it is the Stock Trading Mentor Box academy that you should check out.
We aren’t going to spend as much time talking about it, with the reason being that besides the fact that this school is for stock market traders rather than Forex traders, it really is the same.
With Stock Trading Mentor Box, you get the same great teacher, the same comprehensive curriculum, the same easy-to-follow format, and a great price too.
However, when you join this school, instead of a free signals service, what you get free of cost is the UPSI indicator. UPSI is a state-of-the-art profit scalping indicator that lets you know exactly when and how to trade, an indicator that works for stocks, Forex, and more.
CLICK ON IMAGE BELOW TO JOIN
Making Money with Andrew’s Trading Channel – The Verdict
The bottom line is that if you want to learn how to trade and you want to do so for free, then Andrew’s Trading Channel is the place to be. That said, for a full trading education, the Mentor Box schools are the educational resources of choice.
There is no doubt about the fact that Forex trading is difficult. But with that said, it’s also one of the most lucrative things that you can do. The simple reality here is that the Forex market is at this time the largest and most liquid market in the world, and of course, this means that there are massive profit opportunities for those who know what they were doing. However, profitable Forex trading just isn’t easy, and it takes a whole lot of skill, knowledge, and practice to do it properly.
As a newbie, chances are that you just don’t have the knowledge, skills, or patience to make it happen. Yet this is not to say that with a little bit of training and education that you can’t get to a level where you can be confident in your Forex trading skills. This is what we are here to help you with today to teach you how to start profitable Forex trading so you can be a self-reliant, independent, and highly profitable trader.
We first want to start out by providing you with a large list of tips on how to start profitable Forex trading. We’re then going to provide you with some of the best Forex trading educational resources around, both free and paid resources that you can use to your advantage to learn everything that you need to know to be profitable in the world of foreign currency trading.
Profitable Forex Trading Tips for Newbies
There is no doubt about the fact that add the beginner you were going to have some troubles trading Forex. It’s just not easy to do. With that being said, with a few valuable rules and tips you can improve your chances of making profits. Let’s get to it and provide you with some of the best and most profitable Forex trading tips for newbies, keeping in mind that these tips are just starting points to help point you in the right direction.
Get an Education
Perhaps the most valuable tip that we can provide you here is that if you plan on engaging in profitable Forex trading, then you actually need to know what you’re doing. Or in other words, you need to get yourself an education. Forex trading is not something that you can just start doing one day without any sort of training or knowledge.
There are many different terms, concepts, strategies and skills that you need to master in order to be successful in the world of foreign currency trading. Therefore, the number one tip that you need to follow is to get yourself an education. No worries if you don’t know where to get a Forex trading education because we will discuss that in great detail further below.
Set Realistic Goals
One of the biggest downfalls of oh so many newbie traders is that they set highly unrealistic goals. Sure, having great goals is not a bad thing because it motivates you to achieve them. However, with that being said, if your goals are completely unrealistic then it is going to be totally impossible to get there. This is something that destroys many newbie traders because it completely saps their morale.
People, you aren’t going to make $10,000 a day trading Forex, especially not as a beginner. Sure, there are some people who might be able to pull that, but those are people who have been trading for decades. As a beginner, set yourself a goal of maybe $100 profit per day. It’s not a whole lot, but it’s definitely a good starting point. Once you set a realistic goal, you can then start working towards it.
Learn About Risk Management
If you plan on engaging in profitable Forex trading, one of the things that you definitely need to do is to learn about risk management. Simply put, you don’t want to blow all of your money on a single trade. Generally speaking, the rule of thumb is that you do not want to risk more than 1% or 2% of your trading account on a single trade, at the very most.
This way, even if you do happen to lose a trade, you’re only going to lose a small percentage of your overall account balance. Moreover, on that same note, what you also never want to do is to trade with money that you can’t afford a lose. Don’t gamble with the money that you need to pay your mortgage or to put food on the table. It’s just not worth it. Only trade with money that you can easily forward to lose, and even then, you still want to be careful.
Create a Trading Plan & Stick to it
Another huge mistake that so many newbies make is to just trade randomly. People forex trading is a very thought out, well planned, and methodical thing. You cannot just fly by the seat of your pants here. All of the best Forex traders have mastered various trading strategies that are shown to be profitable in varying market conditions.
What we’re saying here is that you need to master some Forex trading strategies, and of course this is best done by getting yourself a trading education. Moreover, once you have decided how much money you can rest per trade, how much money you have to risk overall and what sort of trading strategies that you want to use. You can then create a full-scale trading plan that includes exactly how much money you plan to make and how you plan on getting there.
With that being said, what is also important is that you stick to your plan, especially if it is a tested and proven plan that has shown to be profitable for many other traders. If you happen to lose a couple of trades with a plan, or strategy that is proven to be profitable, don’t throw in the towel and give up. Losses happen even to the best traders using the best strategies. That said, obviously if you keep losing trade after trade after trade, then it might be time to switch things up a bit.
Choosing the Right Broker
Although many newbies might not think about this if you plan on engaging in profitable Forex trading, you need to have the right broker in your corner. Of course, for one, this means staying away from unregistered and unlicensed scam brokers that are sure to steal your money. It also means that you need to do some research on brokers to see which ones offer the most newbie friendly packages or accounts.
There are many brokers out there that offer minimal commissions and minimal trading fees, so you can save as much money as possible. We recommend doing some research on the best beginner friendly brokers, and for Forex trading out there at this time. One of the biggest errors you can make is to underestimate the importance of having a good broker in your corner.
If you plan on engaging in profitable Forex trading, another important tip that you need to follow is to start slow. The simple reality here is that the more traits you have open out once, the more work you have to do and the more moving parts you have to keep track of. The less trades you have open at once, the easier things are going to be for you.
So as a beginner, we recommend not having more than one or maybe two trades open at once. Once you’re confident that you can handle having two trades open at once, you can then move up to having three or even four trains open at once. The simple fact is that it can be very stressful to keep track of so many moving parts at once, so to keep your stress levels to a minimum, keep the moving parts to a minimum as well.
Stay Away from Leverage
Yes, leveraging your trades can be extremely profitable, but it’s not easy. Leveraging trades is something that is best left for the professionals. For those of you don’t know, leveraging your trades means that you can technically trade with a whole lot of money that we have to spare. For instance, if you leverage a trade by a factor of 10 to 1, it means that you only have to invest $100, but it means that you can trust trade with $1000.
Sure, this means that you can make 10 times the profit with ease, but if you end up losing the trade to be aware that you were on the hook for the whole $1000, the full amount that you leveraged. As a beginner trader, this is extremely risky and it’s best that you stay away from it until you are confident that you can win trades with these.
Focus on the Major Currency Pairs
When it comes to newbies and profitable Forex trading, something that we recommend is that you stick with the major currency pairs. There are five or six major currency pairs that are extremely predictable and allow for relatively easy profitability. You need to stay away from the exotic currency pairs that move in unpredictable ways. Some of the best pairings include USD/CAD, EUR/USD, USD/AUD, USD/CHF, and USD/JPY.
Don’t Forget Stop Loss Orders & Never Add to Losing Positions
Something that all traders should do no matter of the skill level, is to use stop loss orders. Folks, if you invest $1000 in a single trade and it starts to go South, a stop loss order can stop you from losing the majority of your investment. For instance, if you set a stop loss order at 10% under your initial investment, it would mean that you would only lose $100 out of the $1000 that you invested.
This is the number one tool at your disposal to stop you from losing massive amounts of money due to losing trades.
At the same time, something that you should avoid doing at all costs is to add money to a losing position. Both if a position is already losing, especially if you are a beginner, that is not overly confident in your skills then you need to close it and cut your losses. Yes, professionals can sometimes add to their losing positions and come out on top, but it’s not easy.
Leave Your Emotions at the Door
If you plan on being a profitable Forex trader, perhaps one of the most important things that we can give you is to leave your emotions at the door. The simple reality here is that emotions have absolutely no role to play in trading.
The only organ that you should be using to trade forex is your brain. If you get too emotional, you’re going to make unreasonable and irrational decisions that are going to negatively affect your balance. Trading needs to be reasonable, rational, and methodical. There is absolutely no place for emotion here.
Don’t Bet Against the Market
The final Forex trading tip that we want to provide newbies with today is that you should never trade against the market. Once again, just like leveraging trades, betting against the market is something that is best left to the professionals. Yes, betting against the market can qualify as profitable Forex trading, but it takes great skill to do so successfully.
Forex Trading Guides on Andrew’s Trading Channel
If you want to start profitable Forex trading and you want to get a good education but you don’t have any money to pay for it, something you should check out is Andrews Trading Channel on YouTube. Andrew is indeed one of the best Forex traders around and what’s really nice is that he has the ability to teach you how to trade in ways that are very easy to understand.
Not only is Andrew a fantastic trader, but he also knows how to be a great teacher. What is important to note about Andrew’s Trading Channel is of course that it is 100% free. On this channel you will find hundreds if not thousands of videos concerning Forex, cryptocurrency, and stock market trading. There are tons of videos that contain very useful trading strategies, tips, guides, daily news updates and so much more.
Andrew also reviews various signal services, indicators, brokers, and trading platforms. What you’re looking for is up-to-date invaluable information that will teach you profitable Forex trading, then this is the place to be. Let’s quickly take a look at some of the most recent and most useful trading guides that Andrew has uploaded on his channel.
In this particular video, Andrew demonstrates how to combine three different indicator tools to produce massive profits in just a few days. Using the strategy that Andrew demonstrates within this video, he was able to make nearly €30,000 profit in a single week of trading. If you follow this particular trading strategy, there is no reason why you cannot do the same. Profitable Forex trading doesn’t mean having to do something new.
Best Crypto Signals Group
In case you would like to make profits trading cryptocurrencies, but you don’t know how to do so, then something that you want to check out is this particular video in which Andrew talks about the best cryptocurrency signals group around. It’s a really easy way to trade profitably without actually knowing what you were doing.
Making 70K in 30 Days
When it comes to guides about profitable Forex trading, this is probably one of the best around. In this particular video, Andrew demonstrates how you can find the very best Forex trades around. Using nothing but these tips on how to find the best Forex trades, Andrew is able to make over €70,000 in 30 days of trading. Once again, if you follow all of the tips that Andrew provides you with here, there is no reason why you cannot do the same.
Learning Forex Trading with Income Mentor Box
OK, so while the YouTube channel we just looked at above is a great starting point, especially for newbies, want to start profitable Forex trading by learning about some of the best trading strategies, the unfortunate reality is that it does not count as a fully comprehensive or full scale forex trading education.
Yes, it is a great place to learn about the best Forex trading tips, strategies and more. But it doesn’t provide you with a ground up foundation that starts with the basics. If what you are looking for is a truly comprehensive Forex trading education that starts at the very bottom and then slowly works its way up, then what you want to do is to check out the Income Mentor Box Day Trading Academy. This is a 100% online Forex trading school that consists of well over 50 full length lessons. Each of the lessons are anywhere from 10 to 30 minutes in length.
The lessons start out with some of the most basic terms and concepts that you will need to know in order to move on with Forex trading and the lessons then quickly advance to the more complex aspects of Forex trading. By the end of the 50 plus lesson curriculum, you should know literally everything there is to know about Forex trading, to be self-reliant and profitable.
What’s also really cool is that the teacher that you get here, Andrew, is not only very knowledgeable and skilled at Forex trading, but he also knows how to teach all of these things to newbies in ways that are easy to understand. When it comes down to and Andrew is one of the most knowledgeable, approachable, and friendliest teachers of Forex that we know.
He’s been in the business for well over a decade at this point and makes a full-time living trading foreign currencies. If you want to be like him and you want to make a whole lot of money on a daily basis, setting in front of your computer, then we recommend learning from him. The way to become the best is by learning from the best.
What you should also know about this particular forex trading academy is the fact that it comes in at a very reasonable price. For just $299, you can become a full member of Income Mentor Box. This is a one-time payment with absolutely no hidden or recurring fees of any sort. Once you are a member, you are a member for life with full and unlimited access to all course content.
What we also want to remind you of here is that when you join Income Mentor Box, you get free access to one of the world’s best Forex signals services around. This signal service allows you to engage in profitable Forex trading simply by copying and pasting signals into your broker. This way, you can make money while you are still learning.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
Learning to be a Profitable Forex Trader – Final Thoughts
Before all of the tips that we have provided you within the opening section of today’s article, then becoming a profitable Forex trader really shouldn’t be all that difficult. Profitable Forex trading is all about setting the right goals. Knowing the right strategies and sticking to a proven plan that is shown to be profitable. You can manage put all the pieces to the puzzles together properly, you stand to gain a whole lot of money.
Now, with that being said, the number one best way for you to start profitable Forex trading is to get yourself a full-scale education. We definitely recommend joining the Income Mentor box Day Trading Academy because this is where you will learn all the most important trading terminology, concepts, strategies and so much more, literally, everything you need to be a profitable Forex trader.
If you want a good Forex trading education but you don’t want to pay for it, then we recommend checking out Andrew’s Trading Channel on YouTube, especially if you want to learn some of the best Forex trading strategies around.
Are you a newbie to the world of currency trading? If so, you are in the right place. Let’s get to it and discuss some of the best Forex trading tips and strategies for 2021, so you can get to making some real profits.
Forex Tips for Newbies
The first thing that we want to cover today are some of the most important Forex trading tips that newbies need to adhere to. If you follow the simple tips and rules as outlined below, your chances of success will increase drastically.
First off, when you are just starting out with FX trading, it’s important that you start small. By this, we mean that you shouldn’t have many trades open at the same time, no more than two or three, or else they become hard to keep track of. Moreover, don’t invest much money into single trades. If you are a beginner, chances are you will make mistakes. If you are going to lose trades, they best be small ones.
Something else to adhere to when it comes to Forex trading for beginners is the 1% rule and the 3% rule. Now, it depends on who you ask, but the bottom line is that each trade you place, the money invested in it, should not total more than 3% of your total trading capital at your disposal. You don’t want to invest half of your money in a single trade, because a couple of losses will wipe you out.
Just remember to manage your money properly. The rule of thumb in FX trading is that you should never trade with money that you cannot afford to lose. Don’t gamble your rent or mortgage payments on the chance that you could strike it big.
Pick a Good Strategy
FX trading is not the kind of thing that you can just do on a whim. It’s not something emotional and it’s not something that you can wing. FX trading needs to be well thought out, planned, and methodical. This means finding some solid trading strategies that are easy to master and proven to work.
In terms of Forex trading tips for newbies, one the best ones we can give you is to try and be as consistent as possible. If you lose a trade, don’t throw your game plan in the trash and start over. If you know that your strategy is good, weather a few losses and keep on trucking. Consistency is key in FX trading.
Get a Trading Education
One of the best things that you can do before you even start here is to get yourself a decent education. The fact of the matter is that without at least a basic understanding of the market and FX trading concepts, you won’t get very far. You wouldn’t run into a burning building without first learning how to be a firefighter.
Finding the Right Broker
Finding the right broker for trading is a pretty big deal too. Some are best for heavy trading while others are best for newbies. Try to find yourself a low cost and beginner friendly broker.
Set Realistic Goals
One of the biggest mistakes that newbie traders make is to set super unrealistic goals. Folks, you won’t make thousands of dollars in your first weeks or even months of trading. There is a learning curve involved, and you need to realize that for the first while, your profits aren’t going to be anything super exciting.
Make Weekly & Monthly Plans
The other Forex trading tip you should follow is to prepare some weekly and monthly trading plans based on both technical and fundamental analysis. Don’t just start trading blindly.
Some Simple Forex Trading Strategies
What we want to talk about now that we have covered some of the most important Forex trading tips for newbies, are some of the best and easiest Forex trading strategies that you as a beginner can employ with relative ease.
5 Minute Gold Scalping Strategy
This particular strategy for Forex trading is a truly fantastic one, something that every newbie can learn how to do in just a couple of hours. Even better is the fact that these trades only last for a few minutes and involve small investments, thus making this strategy perfect for newbies.
VWAP Trading Strategy for Newbies
VWAP stands for volume weighted average price, and although it is quite the mouthful, it’s a fantastic trading tool to know, and as you can see from this video, it allows for some fairly straightforward strategies that any newbie can learn.
Best Fibonacci Strategy for Newbies
The Fibonacci retracement indicator is another one of these indicators that allows for easy trading for newbies. Watch the video included here to find out exactly how to use it with ease.
Where to Learn Forex Trading in 2021
Seeing as one of the most important things you can do as a beginner Forex trader in 2021 is to get an education, it might be a good idea to know where the best place to get that education is.
Well, when it comes down to it, the best place to learn everything that there is to know about Forex trading is from the Income Mentor Box Day Trading Academy.
With a fully stocked curriculum, over 55 full length video tutorial lessons, and a fantastic mentor that makes learning fun and easy, not to mention for a very low cost, Income Mentor Box is the place for newbies to be.
Forex Trading for Newbies in 2021: Final Thoughts
The bottom line here is that as a newbie Forex Trader in 2021, you do need to be careful. There are many great Forex trading tips and rules that you need to follow, and some really easy strategies that you can learn in no time at all.
That said, we feel like the most important thing you can do for your trading game is to get an education. Making money in the world of trading is much easier when you actually know what you are doing.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
If you are new to Forex trading, you may not know how to get started or how to make a plan of attack. Well, as somebody who has never traded before, or is still in the beginner stages, putting together a monthly Forex trading plan is essential to your success.
The fact of the matter is that trading Forex is not easy. This is indeed quite hard, and it takes a good deal of skill, patience, knowledge, and planning to be successful. Simply put, analysis, planning, and research are half the battle. If you can properly analyze the market and make a solid plan of attack based on your findings, things will go much better.
Sure, some of the most seasoned trading professionals may be able to just sit down in the morning and start trading. However, these are people that have plenty of experience. For everybody else, you first need to make a solid plan, or in other words, a monthly Forex trading plan.
You need to sit down for a few hours at the beginning of the month, maybe for a full morning, and really take your time analyzing the market. If you spend a few hours putting together a monthly Forex trading plan, things will be much easier. If you have a solid plan of attack, you won’t need to spend as much time each morning doing research before you begin your session.
For those of you who don’t know what goes into making a monthly Forex trading plan, no worries, because that is exactly what we are here for right now. Let’s get right to it and talk about the five most important components of your monthly Forex trading plan.
Analyze the Current Market Structure
The first aspect of your monthly trading plan is to analyze the current market structure. You need to identify multiple market factors including various support and resistance zones, trend lines, major pivot zones. Simply put, you need to see what the structure of the market is like.
Not only do you need to analyze market structure, but you also need to analyze the structure of the market of the previous month, and you then need to compare the two.
The past often dictates the future, so if you can find out what the current state of the market is like, it becomes much easier to put together a monthly Forex trading plan, as well as a weekly and daily plan.
Make A Plan for Daily Trading for Your Monthly Forex Trading Plan
For your monthly Forex trading plan, a good idea is to actually create a daily trading plan. Of course, a monthly plan is great for providing you with the big picture, but you also need a daily plan for every day of trading. Remember, the more planning and research you put into Forex trading, the more likely you are to be successful.
A big part of this is deciding which currency pairs you plan on trading with, and of course, the current market structure, as well as the following points below will help you determine this.
Moreover, this also means developing a solid trading strategy, one that either you have developed, or someone else’s strategy. As long as it is a proven strategy that takes care of how to enter trades, when to exit them, and where to set stop loss and take profit levels at, you should be fine. What’s your trading strategy?
Pay Attention to the Upcoming Week’s News
One of the most important things that you need to factor into your monthly Forex trading plan is fundamental news, and not just for the coming day, but for the coming week. In order to examine fundamental news, we recommend checking out the economic calendar on investing.com.
Here, you will see various news releases associated with specific national currencies, whether one star, two star, or three star news.
Three star news is often referred to as three bull news, and this is what you need to look out for. If you see that a currency, say the Euro, is slated for a three bull news release at 11 am, it means that you should not have any open trades with the Euro at that time. Also, don’t open any new trades with that currency for at least one to two hours after the news release.
Look for Patterns in the Previous Month
The next thing that you need to do in order to put together a comprehensive monthly Forex trading plan is to take a look at one day, four hour, and one hour timeframes, particularly for the previous month, or at least the previous week. Here, you are looking for patterns such as trends.
You want to look for patterns on all of the timeframes, and moreover, you want to see if there are patterns that are related across various timeframes. If you see patterns occurring across various timeframes, you can assume that they may continue into the future, and thus provide you with profitable trading opportunities.
Set Realistic & Attainable Goals for Your Monthly Forex Trading Plan
The final aspect of your monthly Forex trading plan is to set attainable goals for yourself. You can decide what your goals are for yourself, but just don’t set them too high. If you set unattainable goals, you will undoubtedly be disappointed and disheartened when you inevitably fail to achieve those unrealistic goals.
A Monthly Forex Trading Plan for Success – Conclusion
The bottom line is that something like a monthly Forex trading plan will increase your chances of success exponentially. If you take the time to do research, to analyze the market, and to find the best possible trading opportunities at the beginning of the month, your life as a Forex trader will become much easier.
As long as you incorporate all five of the factors we just discussed, your monthly Forex trading plan should be comprehensive and accurate enough to allow you to trade FX currency pairs with relative ease. Of course, this is not a fool proof plan, as you do need to know what you are doing.
We do realize that some of the components of this plan, such as analyzing trends, as well as support and resistance lines, takes a bit of know how.
If you don’t know how to do this, it is strongly recommended that you seek an education in Forex trading. One of the best sources to get a comprehensive education in Forex trading is the Income Mentor Box Day Trading Academy.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
The fact of the matter is that Forex trading is of course not easy. Sure, it has the potential to be hugely profitable when done right. However, it also has the potential to cause traders to lose large sums of money in very short periods of time. Yes, there are plenty of successful traders out there, and what they all have in common is that they used good Forex strategies.
Now, if you are a newbie to the world of Forex, you probably don’t know too many Forex strategies. Moreover, if you have never traded before, you could definitely do with some tips and advice, and some crucial education in general. FX trading is not the kind of thing that you can just wake up one morning and decide to be successful at by day’s end. It takes a lot of good knowledge to trade FX profitably.
This is what we are here for today, not as much to talk about specific Forex strategies and trading advice, but more to provide you with a great source for these strategies and tips. His name is Andrew. A, a long time day trader with plenty of experience under his belt. Andrew has seen great success in the world of Forex, and through his various funnels and channels, he does his absolute best to relay the best Forex strategies and advice to the people who need them the most.
Who is Andrew A?
Before we get into talking about some of his best Forex strategies & tips, let’s quickly talk about Andrew. Andrew is a Forex trader with over 10 years of experience under his belt, and yes, he is very profitable. In fact, Andrew is the creator of the Income Mentor Box Day Trading Academy, various Forex & Crypto signals groups, and even some high quality automated Forex trading software too.
This man knows what he is doing, and where he is generally best known from is his YouTube Channel, Andrew’s Trading Channel. Specifically, this trading channel is what we are here to talk about today, as this is where Andrew provides his followers with some of the best Forex strategies and trading advice around.
Andrew’s Best Forex Strategies & Advice
Ok, so right now we want to take a look at some of Andrew’s best and most recent Forex strategies that he has covered, as well as some of his latest Forex trading tips and advice videos too. Let’s take a look.
Simple & Profitable Forex Scalping Strategy
What you need to know here is that in Forex, scalping is all about placing many small trades. Instead of placing a few large trades, which can be very risky, scalping is all about making tons of small trades on short timeframes. This can indeed be very successful when done right.
When it comes to Forex strategies, this particular one involves using the 3 EMA (exponential moving average) to create scalp trade setups. It’s definitely a video worth watching if you want to make decent profits really fast. This is one of Andrew’s most recent Forex strategies videos, and it has already become very popular among his followers.
EUR/USD Forex Scalping Strategy
Yes, here we have another video where Andrew describes one of his popular scalping Forex strategies. However, unlike the strategy video discussed above, in this one, Andrew uses the EUR/USD currency pairing as an example.
He does everything right in front of your eyes, including placing trades, so you can see exactly how he does it. If you want to trade the EUR/USD pairing, that has a huge profit potential, checking out this video on how to do it might be able to help you out.
Knowing When to Cut Trades
When it comes to Forex strategies, something that needs to be a part of every trading strategy, is knowing when to cut trades. Yes, sometimes trades go south and losses happen. This is just the way it is, and it is nothing to fret about.
That said, when trades are not going your way, you need to know when it is time to throw in the towel and just cut your losses. In this particular trading tutorial, Andrew discusses the two most important signs you need to be aware of that signify when it is time to cut a trade.
3 Ways to Find Forex Entries
Whereas the previous Forex strategies video we looked at was about knowing when to cut your trades, this one is about knowing when to open them. Of course, entering a Forex trade at the right time, and making sure that you are trading with the right currency pairs, is essential to success.
The right timing for the right trade can make a world of difference. This is why in this particular video, Andrew tells you what the 3 best ways to find Forex entries are. This is a really important tutorial video for all newbie traders, and we would definitely recommend watching it.
RSI & Fibonacci Forex Hack
In this particular Forex strategy video, Andrew discusses a somewhat complex yet useful trading strategy. As far as Forex strategies go, particularly those discussed by Andrew in recent times, in our opinion, this is by far one of the best.
Yes, it involves using two different indicators, Fibonacci and RSI in order to find the best possible trading signals and the best entry points. Yes, this particular strategy takes a bit of know-how and some time to master, but it has great profit potential and is definitely worth looking into.
Best Forex Strategies & Tips – Final Thoughts
As you can see, when it comes to the best Forex strategies and advice, Andrew’s Trading Channel is one of the top sources indeed. He’s got plenty of great advice that everybody and anybody can make use of. Folks, if you really want to make Forex trading as easy as possible for you, checking out the EA Pip Scalper app is a good idea, the first fully automated Forex trading system of its kind.
CLICK ON IMAGE BELOW TO CHECK OUT THE EA PIP SCALPER FOREX AUTOTRADER
When it comes to trading FX, it’s not quite as easy as some people make it out to be. As a newbie, there are quite a few things that you need to learn in order to be successful when trading currency pairs. This is not something that you can just wake up and do one day because you feel like it. It takes the right skills and knowledge to trade FX successfully. Well, today we are here to provide you with some great Forex trading tips.
Today, we are going to talk about the top 10 Forex trading tips that you as a newbie need to keep in mind if you plan on being a successful trader. Now, today we do not want to go over specific strategies or anything like that. These are more general Forex trading tips for newbies, things that you need to know right from the beginning. Let’s get right to it and help turn you into a more successful FX trading powerhouse!
Top Forex Trading Tips
Alright, so below we want to cover the 10 most essential Forex trading tips that you need to keep in mind at all times. Keep in mind that some of these are combination tips, so you won’t actually see tips all the way to #10, as some of these tips are a 2 in 1 kind of thing. You will see what we mean. Let’s get to it.
Trading without Researching
One of the biggest mistakes that many newbies make is to start trading with a random broker right away, and using real money too. Folks, the fact of the matter is that there are so many brokers out there, and not all of them are good. Don’t just choose a random broker. Do some research to find out what the best brokers are and what they have to offer you.
Moreover, don’t start trading with real money until you know what you are doing. There is no point in trading with real money if you are just going to lose it. Therefore, one of the most important Forex trading tips for newbies is to start with a demo account where you can trade with fake money, just until you get the hang of it. You want to get a good few weeks of practice in first.
Understanding Accounts, Spreads, & Commissions
Another one of the biggest Forex trading tips for newbies out there, and yes, this is a two part tip, is that you need to understand different account levels, and yes, this then means also understanding spreads and commissions. First off, what you need to realize is that there are different account levels for different types of traders.
Lower account levels often allow for lower lot sizes, less trading, they have bad spreads, and high commissions. The more serious you are about Forex trading, and the more experience you have, the better of an account you want to open with a broker. Of course, high commissions are bad because you end up paying a lot of money for every trade you place. Moreover, you also want to look for good spreads.
Having a Solid Plan
Perhaps one of the worst things that you as a new Forex trader can do is to start trading without having a plan. Yes, having a plan means that you need to be familiar with charts, terminology, spreads, indicators and more. However, the biggest Forex trading tip to gleam here is that you absolutely cannot trade blindly. This is the worst thing that you can do.
You need to know what you are going to trade, when to trade it, and how you are going to go about it, or in other words, what kind of trading strategy you will employ. Part 2 of this tip involves finding a good exit strategy. Of course, making money in Forex is all about when you exit a trade, so an exit plan is a must have.
Determining Your Risk Tolerance
When it comes to the best Forex trading tips around, one of the best ones out there might be this one, that you need to determine your own tolerance of risk, and you then also need to protect yourself. Simply put, you need to know how much to invest per trade, and how many trades you should place per day. This is particularly important if you have a small trading account.
If you visit the official Income Mentor Box website, you will actually get a free eBook which discusses how to determine what your risk level is. The main point here is that you need to gauge the level of risk vs the potential reward, and if you can afford to risk XX amount of money.
This is all about protecting yourself and protecting your account balance. When it comes to protecting yourself from losses and unnecessary risks, make sure to have a solid trading strategy and don’t forget to set those stop losses either.
Emotions & Patience
In terms of the best Forex trading tips, something else to keep in mind here is that trading is all about just that, your mind, not your heart. If you trade with your heart and you let emotions cloud your judgement, things are not going to go well for you, not at all.
Emotional traders are risky traders, and risky traders are prone to losing money. Folks, it’s all about being patient, sticking to your strategy, and executing positions when the time is right. Don’t let your anger or frustration get the better of you. Keep a level head, stick to your strategy, and wait for the opportune time to strike.
Best Forex Trading Tips – Final Thoughts
We hope that our Forex trading tips can help you improve your results. If you want to learn more about Forex trading, visit Andrew’s Trading Channel on YouTube. Even better, if you want a full scale education, check out the Income Mentor Box Day Trading Academy.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
When you are new to the world of FX trading, things can be quite exciting. However, it can also be quite the intimidating experience.
There is no doubt about the fact that the prospect of making thousands in profits is alluring to many. But, there’s also no doubt that that the prospect of losing thousands of dollars is quite scary. That is what we are here for today, to provide you with the most valuable newbie Forex trading tips around.
No, being a beginner in the world of Forex is certainly not easy, and it takes a good deal of work to get to a level where you can make consistent and healthy profits.
However, if you follow all of the newbie Forex trading tips that we have outlined below, your chances of success will increase drastically. It’s all about trading the right way and avoiding certain things too. Today we are here to discuss all of the things which you should avoid doing in your FX trading journey.
Newbie Forex Trading Tips
Right here, we have 6 of the most valuable newbie Forex trading tips around. These hints and tips are all things which you should avoid doing at all costs. If you manage to avoid these 6 things, your chances of being a successful and profitable FX trader will increase exponentially.
Don’t Use Short Timeframes
When it comes to newbie Forex trading tips, one of the big DON’TS here is to never try trading with very short timeframes. Sure, short timeframes can be extremely lucrative, but you do have to know what you are doing. The fact of the matter is that trading the shorter timeframes can be very stressful.
Due to the trades only being open for short periods of time, the level of stress is very high. You have to keep an eye on all open trades at all times to ensure that everything is going to plan. Longer timeframes can still be very profitable to trade, butt they are also more stable, safer, and much less stressful to keep track of. As a newbie, start out by trading the longer timeframes.
Another great newbie Forex trading tip for you to follow, another big don’t, is to not overtrade. Sure, a professional trader with lots of experience might be able to handle having 10 trades open at once, placing 25 trades per day, and trading with large lot sizes.
However, it takes a whole lot of skill, effort, and experience to be able to manage this. Trading at such high volumes with large lot sizes is very risky. The more trades you have open at the same time, the harder it is to keep track of everything. oHowH
If you are new to FX trading, like very new, you should not execute more than 5 or 6 trades per day, and you should definitely not have more than 2 or 3 active positions open at once. This way, it becomes much easier for you to keep track of everything.
CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL
Don’t Try to Learn Everything at Once
Another big mistake which beginner traders make is to try and learn everything at once. When it comes to newbie Forex trading tips, one of the biggest ones we can give you is to take things slowly. There is just no point in trying to cram a ridiculous amount of information into your head all at once.
This is a great way to ensure that you won’t retain any valuable information. If you try to learn too much all at once, chances are that you won’t actually learn anything at all.
Start off small, learn some basic terms, facts, and theory, and slowly move on to learning about indicators and trading strategies. Master a couple of indicators and successful trading strategies first, gain some experience, make some money, and then go from there. Folks, this is a marathon, not a sprinting race.
Don’t Make Things Too Complicated
In terms of newbie Forex trading tips, something else you want to avoid doing is making things way more complicated than they have to be. Sure, there are some really awesome trading strategies out there that involve multiple indicators and analysis tools. These are designed for the pros.
When you first start off with FX trading, there is no reason why you should not keep things simple. Just learn about a strategy that uses one or two simple indicators, and then go from there. Overcomplicating things will only result in a huge headache.
Don’t Try News Trading
Something that can be quite profitable is trading the news. Great Forex traders can read news reports and make profitable trades based on them. Sure, it definitely sounds quite easy, but it is not, far from it in fact. One of the most valuable newbie Forex trading tips for you to follow is to avoid news trading until you have gained more experience using simple indicators and other strategies.
Don’t Keep Trading in the Face of Constant Losses
The last of the newbie Forex trading tips we want to give you is that if you are constantly losing trades, it’s time to take a step back, revaluate your plan, and learn some new skills. There is no point to trading if you are just hemorrhaging money.
Newbie Forex Trading Tips – Final Thoughts
The bottom line is that if you follow all 6 of the newbie Forex trading tips as outlined here today, you should be able to make it big in the world of Forex. Of course, there is whole lot to know when it comes to trading currency pairs. There is truly no better way to become a pro trader than by learning from the best.
If you truly want to become the best of the best in the world of FX, we would absolutely recommend joining the Income Mentor Box Day Trading Academy. It’s by far the best, most comprehensive, and cost effective Forex trading school around. Also, check out Andrew’s Trading Channel on YouTube for daily hints, tips, updates, new trading strategies, live FX trading, and more.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
If you are new to the world of day trading, whether Forex, stocks, crypto, or anything in between, you might be having a bit of difficulty. Yes, trading all of these assets on the market can be extremely profitable. For instance, if you do it right, you stand to make thousands of dollars per day. This is where the best trading guides for beginners come into play.
The fact of the matter is that trading something like Forex is much harder than just choosing random signals and executing trades. You need to have a lot of knowledge, skill, a good deal of patience, and yeah, a bit of luck too. However, if you go into trading without any prior knowledge or experience, you’re bound to lose money.
However, below we want to take a look at some of the best trading guides for beginners out there. All of these guides come to us courtesy of Andrew A. Andy is the leader of the Income Mentor Box Day Trading Academy, plus a large variety of other educational resources too. Today we are here to look at some of his most recent trading guides for newbies, as seen on his YouTube channel.
Best Timeframes for Beginners
One of the most recent trading guides which Andrew released on his channel is all about finding the best timeframes to trade in. Timeframes in FX trading are extremely important to know about. There are 1 minute, 3 minute, 5 minute, 15 minute, 1 hour, 1 day, and so many more timeframes.
Choosing the right ones can be very hard, especially as a newbie. Finding the right trading timeframes can make all of the difference. Check out the embedded video for a comprehensive explanation on choosing the right timeframes for day trading.
This is another one of the best trading guides for newbies out there, with this one being all about Forex scalping, specifically using the EUR/USD pairing. Here you will find out all about scalping, what it is, how to do it, and more. In short, scalping in FX trading is all about placing a large quantity of small trades.
The aim is to make lots of small profits. It can be a great way for newbies to minimize risk and maximize profits. The EUR/USD pairing is one of the best to work with for FX scalping. If making lots of small profits each day sounds good to you, then you should absolutely check this video out.
SL & TP Masterclass
Just to be clear, SL stands for Stop Loss, and TP stands for Take Profit. Stop loss and take profit orders are essential to understand if you plan on being successful in Forex trading. Both SL & TP are vital if you plan on maximizing profits, mitigating risk, and minimizing losses.
A well set stop loss order can stop you from losing a full investment in the event that a trade goes south. Moreover, a well set take profit level can allow you to bank profits before things turn around. When it comes to trading guides for beginners, this might just be one of the first ones that you should check out.
Trading NASDAQ for Newbies
The NASDAQ is one of the world’s largest and most popular stock exchanges. Of course Forex is a great way to make money trading currencies. However, there are some really great profit opportunities on the stock market too. Now, trading the NASDAQ does take a bit of skill and knowledge.
This is not something you can start doing blindly. In this particular video, Andrew is going to show you how to use support and resistance levels to trade the NASDAQ. As you will see from this trading guide, Andrew manages to make somewhere in the neighborhood of $5,000 with this trading strategy. S&P500 for the NASDAQ tends to work quite well.
Stock Trading for Beginners
Yes, the previous trading guide was about trading NASDAQ stocks, but of course, there are other stock markets out there too, all of which can provide you with massive profits if you go about trading and investing the right way.
This particular trading guide will provide you with some of the very best stock trading tips out there. If you plan on getting into the stock market, before you do so, you should definitely check this video out. It will provide you with a whole lot of useful info to help get you started.
Generating Full Time Income from Home
What is really interesting about this particular trading guide is that it is all about being able to make profits from home. Some people have day jobs and trade Forex on the side, which is fine, but not necessary.
Real Forex traders can spend their days trading Forex and make more than enough money to live comfortably. It is not necessary to have a day job when you are a pro Forex trader. With this trading guide, you will get some really awesome tips on how to trade Forex full time from home. The point here is to bring you to a level where you don’t have to rely on a menial day job for survival.
Best Trading Guides for Newbies – Final Thoughts
As you can see, Andrew from Income Mentor Box has a great YouTube trading channel, one that comes out with many new videos per week, particularly these trading guides for newbies. Remember folks, nobody stumbles backwards into Forex trading and is an automatic success.
Life just doesn’t work that way. Becoming a professional and profitable day trader takes time and effort. That said, with these best trading guides for beginners, you can speed up the learning process a whole lot and start making good money much sooner.
Remember folks, if you want a truly comprehensive day trading education that covers everything from A to Z, then joining the Income Mentor Box Day Trading Academy is highly recommended.
Andrew’s Trading Channel is here to provide you with some of the best Forex strategies and tips for success around. Andrew himself is the owner of the Income Mentor Box Day Trading Academy, as well as other educational resources too. We really like his YouTube channel because he produces many tutorials and lessons on a weekly basis, all of which can help you become the successful day trader you aspire to be.
Best Forex Strategies & Tips
Here we want to feature a selection of the best Forex strategies and trading tips as outline by none other than Andrew himself. As we stated above, on Andrew’s Trading Channel on YouTube, you can find many new tutorials and trading lessons every single week.
Let’s take a look at some of the best and most recent ones out there. In one way or another, these best Forex strategies tutorials can help put a whole lot of money in your pocket.
CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL
2 EMA + Bollinger Bands + RSI
Alright, so right off the bat, this is going to be one of the more technically advanced FX trading strategies. This one, while it is not designed for newbies, Andrew does do a great job of explaining it thoroughly and in great detail.
When it comes to making substantial daily profits and executing reliable trades that are highly likely to be ITM, then this 2 EMA/Bollinger Bands/RSI trading strategy is a great way to go. Yes, it incorporates 3 different kinds of indicators. This makes it seem quite intimidating. However, in all reality, if you watch the video and pay attention, you should be able to execute this strategy without too many issues.
Best Forex Strategies – Finding Entries & Exits
Of course, when it comes to trading FX, what you definitely need to get the hang of is how to find the best entry points for trades, as well as the best exit points too. Entry points are the points or price at which a trade is entered into. Exit points are the points or price levels at which trades are closed.
If you expect to see any sort of success in FX trading, being able to find and identify the right entry and exit points is crucial. We would absolutely recommend watching this video from front to back. It is one of the most useful and best Forex strategies and tips tutorials which Andrew has put out in a long time.
The London Breakout Strategy
We will leave explaining what this London breakout strategy is to the video itself. Not in a million lifetimes could we explain it any better than Andrew has in this video. However, we do think that it is one of the best Forex strategies around. The reason for this is because it is so highly profitable.
Yes, it can be a bit risky to utilize this strategy, especially as a trading newbie. That being said, as you will find out, this particular method of trading can allow you to make a full day’s income in just a single trade. If you like making large profits through minimal trades, then this is a lesson to keep your eye on.
The Ultimate Oscillator Strategy
When it comes to the best Forex strategies and tips around, something you need to master is how to use oscillators properly. The main point of oscillators is to show when securities are overbought or oversold, but they do have other purposes as well.
These are an integral part of day trading which you should absolutely be super familiar with. In this particular tutorial, Andrew discusses a particular oscillator trading strategy, how it works, and how you can best use it to make great profits. As you will find out here, it’s all about buying low and selling high to make substantial monetary gains.
Best Forex Strategies – Beginner Trading with $200
One of the hardest parts of FX trading is when you are a beginner, you don’t really know what you are doing, and you only have a couple hundred dollars to start trading with. Yes, when you first start out with such little money to spare, trading can be very challenging, not to mention super risky as well.
The less money you have, the harder it all becomes. Well, in this particular one of the best Forex strategies tutorials around, both parts 1 and 2, Andrew shows how you can successfully start day trading with just $200. He will show you how to mitigate as much risk as possible, as well as how to grow that account into something substantial.
9 Biggest Time Wasters
When it comes to the best Forex strategies and tips around, this particular video tutorial is a bit vague. The reason for this is because Andrew discusses 9 specific things which people do to waste time. These particular time wasters do of course apply to Forex trading, but there is so much more to it than that.
These trading tips also apply to every scenario in real life outside of the world of day trading. If you can manage to stop doing these 9 things you can become a much more successful Forex trader, and much more successful in real life too.
6 Major Forex Trading Mistakes
The other video tutorial courtesy of Andrew which we would like to discuss has to do with mistakes. This particular video features some of the best tips around and can go a long way in helping you to create your own best Forex strategies.
Here, Andrew discusses 6 major mistakes which newbies often commit when they first start trading FX. Take a close look at the video. If you mange to avoid these 6 major trading errors, your chances of success and making huge profits will skyrocket drastically.
The Best Forex Strategies & Tips – Final Thoughts
The bottom line is that if you are looking for the best Forex strategies and tips around, then Andrew’s Trading Channel is the place to be. If you are looking for a full scale and comprehensive FX trading education, we would recommend checking out the Income Mentor Box Day Trading Academy.