Forex Trading for Beginners

Forex Trading for Beginners

If you are new to the world of Forex trading, you are likely intimidated by it. Yes, of course, there is a great potential to make big profits, potentially thousands of dollars in ROI per day. On the other hand, FX trading does of course also come with its risks, quite large ones. The less experience and knowledge you have about Forex trading, the more risk is involved. The higher the amount of risk, the likelier you are to lose money instead of making it.

That said, is just an inherent part of FX trading, and there is nothing that you can do to eliminate it totally. However, if you educate yourself on everything there is to know about foreign currency trading, and you have a good teacher to help you out, it will make life easier and trading more profitable.

Today, we want to talk about one of the best sources of education, tips, tricks, and strategies for Forex trading, particularly for newbies. There are some really great sources out there that can provide you with very simple, fast, and easy to understand Forex trading tips and strategies. Right now, we want to take a look at one of the best free online resources that can help provide you with valuable insights and tips into the world of FX currency trading.

Folks, if you are a beginner trader, and you don’t know what you are doing, you definitely want to stick around. We are about to tell you where to find the best tips and info, the easiest to learn strategies, and more.

Forex Trading

Andrew’s Trading Channel for Forex Beginners

Before we talk about some of the best Forex trading guides for beginners that can be found on Andrew’s Trading Channel, we do just want to touch on who the teacher is and what you can find here. First off, Andrew himself is a long time trading pro who has been in the business for well over a decade.

He is a full time trader of Forex, stocks, crypto, and more, and he manages to make a very comfortable living doing so.

Moreover, what is great about Andrew’s Trading Channel, besides the fact that it contains hundreds and hundreds of free Forex trading guides and videos, all for free, is the fact that everything here is designed for beginners. Andrew does everything live on video so you can follow along.

Forex Trading

 

Best Forex Trading Tips & Info for Newbies

Let’s take a look at some of the best Forex trading tips, guides, and strategy videos that you can find on Andrew’s Trading Channel.

Best 5 Minute Forex Scalping Strategy

If you are looking to invest small amounts of money per trade to minimize risk, and you don’t have a lot of time to spare for trading, then this 5 minute Forex scalping strategy is a great one to look at. Here, Andrew explains in a step by step manner how to use a 5 minute chart combined with three separate EMA or exponential moving average lines in order to make profits. As far as scalping FX trading goes, this is one of the most profitable strategies around, as well as one of the easiest to learn.

Growing a Small Trading Account

One of the biggest challenges that you will be faced with as a newbie Forex trader is limited funds. If you are just starting out in the world of FX trading, you probably only have so much money to spare. Remember people, one of the primary rules of Forex trading is that you should only trade with money that you can afford to lose.

This means that you may only have a few hundred dollars to start out with. No, Forex trading with so little money is not easy, but it is doable. In this particular trading guide, Andrew explains exactly how newbies can start with so little money, and how to grow that trading account into something substantial in just a couple of weeks.

Best AUX/USD Forex Trading Strategy

What is important to know as a Forex trader is that one of the most secure and profitable pairs to trade is AUX/USD (gold and United States Dollar).

These share an inverse relationship that makes trading this pair quite easy. As you will discover in this particular video, this pairing can be super profitable. If you want to make easy money and learn the best AUX/USD Forex trading strategy around, we recommend watching this particular video.

Best Ways to Spot Forex Entries

This final FX trading video from Andrew’s Trading Channel that we want to discuss today is this one, about the three best ways to spot Forex entries. As a newbie trader, one of the hardest things to learn is when and where to enter trades. Here, you will learn how to do just that in the easiest way possible.

Best Forex Trading Tips for Beginners – Final Thoughts

As you can see, Andrew’s Trading Channel is indeed one of the best places to get info, tips, and strategies in regards to FX trading. Everything you see on this channel is totally free, which is of course a big bonus because it means to having to spend money to make money. Moreover, if you are a newbie and you need Forex trading tips and information, this is by far the most beginner friendly source. Everything is presented in a user friendly and easy to grasp follow-along video tutorial format.

Now, what we do have to say here is that Andrew’s Trading Channel is of course not a comprehensive or full Forex education. If you are looking to learn really everything there is to know about Forex, we would recommend checking out the Income Mentor Box Day Trading Academy. No, this Forex trading school is not free, but that said, it is also where you will find a full scale, beginner friendly, and complete Forex education. This is the kind of school that turns clueless newbies into profitable full time traders.

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Your Monthly Forex Trading Plan

Your Monthly Forex Trading Plan

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.

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.

Monthly Forex Trading 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.

Monthly Forex Trading Plan

 

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.

Monthly Forex Trading Plan

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.

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Learn to Trade Forex Fast

Learn to Trade Forex Fast

Something that you may have heard about Forex and trading in general is that it is extremely hard and that it takes forever. Ok, so to some extent this is somewhat true. Forex trading can be difficult, and it can take a long time to master. However, you can learn to trade Forex fast if you go about it the right way.

The point here is that while you won’t become the world’s best Forex trader in just a few weeks, or even in a few months, you can get to a profitable point in a decent amount of time. If you stick with the right resources, ones like Andrew’s Trading Channel on YouTube, and even Income Mentor Box, you can learn to trade Forex fast.

Once again, you won’t become a master in just a couple of weeks, but you can learn enough to start making real money, and it doesn’t have to take all that long. The trick to learn to trade Forex fast is having the right teacher who knows how to teach in a way that even the clueless of people can understand with ease.

Today, we want to take a closer look at one of our favorite Forex trading teachers, Andrew A. Specifically, we want to take a look at his YouTube channel, arguably the best resource for a 100% free Forex education. We also want to take a look at the popular Income Mentor Box Day Trading Academy. These educational funnels are both run by none other than Andrew, and they can both help you learn to trade Forex fast.

Andrew Teaches You How to Trade Forex Fast

Before we take a closer look at the YouTube channel, we do want to say a few words about Andrew himself. Andrew has been in the trading business for around a decade now. Folks, a decade may not sound overly impressive, but if you look at the statistics regarding how long Forex traders last, it becomes clear that he is one of the best and most successful hands down.

He’s been doing it for 10 years, so he must be doing something right. He’s a great stock and crypto trader too, but Forex is his meat and potatoes, so to speak. Moreover, what we really appreciate about him is the fact that he makes learning easy and fast.

So, when you say that you want to learn to trade Forex fast, we automatically think of him. Whether in his YouTube Channel or his official IMB Day Trading Academy, everything is done live on video, it’s done in a slow step by step manner, and he explains everything in such a way that literally everybody can understand.

Learn to Trade Forex Fast

Learn to Trade Forex Fast with Andrew’s Trading Channel

Ok, so rather than drone on and on about how Andrew’s Trading Channel on YouTube can help you learn to trade Forex fast, we want to take a quick look at some of his most recent and most popular Forex trading tutorials. What’s really important to note here is of course that Andrew’s Trading Channel is 100% free.

VWAP Strategy for Newbies

For those of you who don’t know, VWAP is a special type of indicator used in Forex trading. In this particular video, Andrew discusses a really easy way to use this VWAP indicator. This particular strategy focuses exclusively on AUX/USD, or in other words, on trading gold against the United States Dollar. USD and AUX share a really special relationship, and with this strategy, you can take advantage of that relationship.

How to Turn $100 into $1,000

This next video is one of the best ones as far as we are concerned, one that will definitely teach you not only how to trade Forex fast, but also how to start off with minimal cash. The fact of the matter is that most people don’t have a whole lot of cash to start trading with. Yes, this does make life a lot harder, but not impossible. In this particular video, Andrew shows you not only that it is possible to make good profits off of just $100, but how to do it as well.

Simplest Forex Scalping Strategy

When it comes to learning to trade Forex fast, this video guide is a great one to check out. Here, Andrew teaches you exactly how to use a very simple scalping strategy, with scalping being placing small trades. Small trades, while the reward is not very high per trade, the risk is also quite low, not to mention that you don’t need lots of money to do it. It’s a rather perfect Forex trading strategy for beginners.

 

Learning to Trade Forex with Income Mentor Box

Ok, so Andrew’s YouTube Channel is a great starting point, a great way for newbies to learn to trade Forex fast, being particularly ideal for individual concepts and strategies. However, if you are really serious about becoming a professional and profitable Forex trader, you want to keep the Income Mentor Box Day Trading Academy in mind.

The IMB Day Trading Academy is Andrew’s brainchild, a full length, totally comprehensive Forex trading course. Here, from basic terms and indicators all the way to oscillators and killer trading strategies, Income Mentor Box will teach you everything there is to know about Forex. It’s a 55+ lesson course that includes full length, step by step, and super easy to understand video tutorials, lead and hosted by none other than Andrew.

One of the most important things to note about the IMB Academy is that not only will you learn to trade Forex fast, but you also get to make money while doing so. The reason for this is because with your membership to Income Mentor Box, you also get free lifetime access to super accurate and profitable Forex signals service. Simply take the signals as they come, paste them into your trading platform, and watch as the profits accumulate.

Learn to Trade Forex Fast

 

Learning to Trade Forex Fast – Final Thoughts

The bottom line is that if you want to learn to trade Forex fast, so you can get to making money ASAP, a combination of Andrew’s YouTube Channel and the Income Mentor Box Day Trading Academy is the way to go. Check them both out for the best results!

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!

Income Mentor Box Day Trading Academy

Income Mentor Box Day Trading Academy

Do you want to become a professional and profitable Forex trader? If so, there is no better place to be than the Income Mentor Box Day Trading Academy. Let’s take a closer look! 

Income Mentor Box Day Trading Academy

The Income Mentor Box Day Trading Academy

Right now, we want to provide you with all of the most important details about the Income Mentor Box Day Trading Academy, so you can make your own choice about whether or not to join it.

What Exactly is it?

First off, the IMB Day Trading Academy is a world class Forex trading course. This is its primary goal, to teach everybody and anybody how to be a professional and profitable Forex trader. At this time, the IMB Academy is one of the world’s highest rated and most popular sources for a trading education.

Now, do keep in mind that the primary focus of this academy is to teach you everything there is to know about Forex trading. However, a lot of what you will learn here can also be applied to other markets, such as commodities, cryptocurrencies, and stock trading too.

Moreover, keep in mind that Income Mentor Box is a fully online course, which is nice because it means that you can do it all from your own home, or wherever you happen to be, as long as you have an internet connection. With the IMB Day Trading Academy, you can finally learn how to be profitable in the world of Forex.

Who is it for?

When it comes down to it, the Income Mentor Box Day Trading Academy is designed for beginner, for newbies who have very little or absolutely no prior experience with Forex or with trading in general. The point here is that the IMB curriculum is designed in such a way so you can learn from the bottom up.

Here, you will start off with the basic components and terminology involved in Forex trading, and then you will slowly move onto the more complex aspects.

However, this is done in a very organized and well structured way. Remember, this course is designed for beginners, so it is made to be as easy to grasp as possible, and a lot of this is thanks to the plethora of full length video tutorial lessons that you can follow along with.

Who’s the Mentor?

In terms of who the actual mentor behind the Income Mentor Box Day Trading Academy is, his name is Andrew A. Andrew is a long time trader, one who has been in the business for just about a decade now. Yes, Andrew’s forte is Forex no doubt, but he is just as knowledgeable in the stock market, with cryptocurrencies, commodities, and more.

Andrew doesn’t claim to be some sort of guru like so many of those phonies out there. However, through years of trading (and receiving a degree in economics and business), he learned everything there is to know. Moreover, he has made all of the mistakes, and he has learned from them, so you don’t have to. When it comes down to it, there is really nobody that we would rather learn Forex trading from than Andrew.

What’s the Curriculum Like?

Ok, so what you need to know here is that the IMB Day Trading Academy consists of a total of 5 modules. Each module contains about 11 full length lessons. In total, this course will provide you with over 55 full length and fully comprehensive lessons.

Each lesson takes the form of a video, and these can actually be quite long. Once again, it starts off with the easy stuff, and then slowly progresses to the more difficult aspects of trading. With the help of this curriculum, you will learn literally everything there is to know about Forex trading.

What is also important to note is that you can work through the materials on your own time. With a membership to the Income Mentor Box Day Trading Academy, you get full lifetime access to all course materials, so you can take however long you feel is necessary.

Income Mentor Box Day Trading Academy

How Much does it Cost?

What you might like about the Income Mentor Box Day Trading Academy is that it comes in at just $299. Now, this is a one time fee. You only pay $299, and there are absolutely no hidden or recurring fees of any sort.

Considering how valuable the content is, this is the best deal that you will get far and wide. Based on the quality of education that you get here, there is not a single Forex training course out there that can match this one dollar for dollar.

Some Great Reviews!

The other thing that we want to mention about the IMB Day Trading Academy is that it has hundreds of rave reviews online. The fact of the matter is that people seem to be extremely pleased with it!

Income Mentor Box Day Trading Academy Free Forex Signals

Perhaps one of the most important things to mention about the IMB Day Trading Academy, is that with your membership, you get free access to the IMB Forex signals group. This is totally free and it comes included with your membership. This is a group where you will get up to 20 super accurate free Forex signals per day.

All you have to do is copy the signals and paste them into your broker or trading platform, and then execute the trade. These signals are very accurate and end up being profitable up to 95% of the time. This is a super easy and surefire way to profit in the world of Forex, and you can do this before you even start the course itself.

Income Mentor Box Day Trading Academy

 

Income Mentor Box Day Trading Academy – Final Thoughts

The bottom line is that the IMB Day Trading Academy is the number one place to learn how to trade Forex like a pro. If you want to start making real money, we would definitely recommend checking it out.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Best Forex Strategies & Advice

Best Forex Strategies & Advice

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.Forex Strategies

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.

Forex Strategies

 

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

EA Pip Scalper Main Page

Learn Trading with Income Mentor Box

Learn Trading with Income Mentor Box

If you are an aspiring trader who needs to learn everything there is to know for success, Income Mentor Box is the place to be. This is one of the most reputable trading schools in the world, and it includes everything you need to become a pro. Let’s take a look at the Income Mentor Box Day Trading Academy to find out what it’s all about.

Income Mentor Box

A Fully Comprehensive Curriculum

One thing that needs to be said about the Income Mentor Box Day Trading Academy is that it features one of the most comprehensive curriculums that you could possibly learn from. In total, there are 5 modules, each of which have roughly 11 full length lessons, for a total of 55 lessons.

Make no mistake about it, because these are not some short 5 minute tutorial videos that provide you with some footnotes and key takeaways. No, these are full length lessons, with each of them lasting for up to 40 minutes.

Each Income Mentor Box Day Trading Academy lesson focuses on a very specific aspect of trading. It allows you to learn everything there is to know about a specific aspect, and then you can move onto the next lesson.

You will learn all about trading timing, the basics and fundamentals, terminology, entry and exit points, charts, graphs, oscillators, indicators, and everything in between. Simply put, if you are looking for a full scale education in trading, this is the place to be.

 

Income Mentor Box Has a Real Leader

The next thing worth mentioning about the Income Mentor Box Day Trading Academy is the fact that it has a real leader. Sure, there are many other Forex and stocks trading schools out there, but most of them use either paid actors to play the role of a teacher, or the teacher is just not that knowledgeable.

Well, this is not the case here, because the leader of Income Mentor Box, the man whom you will learn everything from, is named Andrew Arm. Andrew might not be into fast sportscars, and he may be relatively young.

However, even at his young age, he has been day trading for about a decade now, and he has seen great success. What’s more, he has made all of the mistakes that a newbie trader could possibly make. Therefore, he can teach you how to avoid those mistakes. We do really like Andrew, because although he is a true trading professional and expert, he is not some self-proclaimed guru. He’s a down to earth kind of guy that people really enjoy learning from.

 

It’s Easy to Understand

Another great aspect of the Income Mentor Box Day Trading Academy is the fact that it is designed specifically for beginners. It is made for people who have minimal or absolutely no prior trading experience.

This is important to note, because many trading courses are designed for people who already have a knowledge base. Well, courses like that are totally useless for newbies. If you have never traded or taken a trading course before, you need to start from the ground up, and you need the content to be easy to grasp.

This is exactly what the Income Mentor Box Day Trading Academy provides you with, easy to understand and simple to grasp information that even a 10 year old child could master. While this course will teach you everything you need to know to be a successful Forex and stocks trader, it is taught in a way that makes it both fun and easy to learn.

Income Mentor Box

 

You Can Take Your Time

Next, what many people really love about the IMB Day Trading Academy is how you can take your time to work through the course. This is unlike many other courses and schools out there which reduce your learning to a certain time limit.

Some may only provide you with access to their materials for a few months or even just a few weeks. This may be ok for people who are super quick on the uptake, but it’s a disaster for people who need to take their time.

Well, with Income Mentor Box, once you become a member, you will have unlimited and lifetime access to all course content. You can choose to take 2 weeks, 2 months, or even 2 years to work your way through it. It’s all about learning at the pace that suits you best.

 

Income Mentor Box is Reasonably Priced

Perhaps one of the most important aspects of the IMB Academy is the fact that you don’t have to pay an arm and a leg just to learn about day trading. There are trading courses out there that cost thousands of dollars, and they really don’t provide you with more useful info than Income Mentor Box.

The IMB Day Trading Academy costs only $299 to join. This is a much more reasonable and lower price than virtually any other Forex and stocks trading course out there. This is a day trading school that wants to help you learn how to trade, not to gouge you for every penny in your bank account.

 

You Get Free Forex Signals

Something else that you might really like about the IMB Day Trading Academy is how you get so much more than just an education. With IMB, you also get access to a great Forex signals service.

These Forex signals come complete with entry points, exit points, stop loss levels, and take profit levels too. All you have to do is take the signal as they appear and when they appear, and then copy and paste them into your broker or trading platform of choice. It’s a really easy way to make quick money in a reliable manner.

Income Mentor Box

 

Learning to Trade with Income Mentor Box

The bottom line is that the Income Mentor Box Day Trading Academy is by far the best place for aspiring traders to learn everything there is to know in order to be successful. Of course, IMB provides you with the knowledge and skills to trade Forex, stocks, and more, but the rest is up to you.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Income Mentor Box

 

Stop Loss Orders in Forex

Stop Loss Orders in Forex

The fact of the matter is that the Forex market can be very unpredictable, which is why stop loss orders are so important. A stop loss order is one of the primary tools which a trader has at his or her disposal in order to avoid large losses. Today we want to take a closer look at exactly what stop loss orders are, why they are important, and what the different types are.

What are Stop Loss Orders?

Stop losses are a special type of order which can be executed on trading platforms and via your brokers. This is an order designed to limit losses in the even that the market goes in the opposite direction of a trade that was placed.

SL orders are set at a specified amount of pips away from the starting price. For instance, you can set these orders so that if a trade moves 10 pips against you, the trade will close on its own and save the rest of your investment, thus limiting the amount of money lost.

So, in essence, if you place a buy order, but the price goes down, a stop loss order would prevent you from losing the full investment.

The fact of the matter is that markets, especially the Forex market, is very volatile and often unpredictable. No matter how much work and analysis you put into your trades, things can always go wrong, and this is where SL orders come into play.

Stop Loss

5 Forex Stop Loss Strategies to Know

Here we have 5 different stop loss strategies that you can employ in order to limit losses in the event that a trade goes south.

Using Static Stops

One way to set a stop loss is to set it at a static price point, which means that you set it at a certain point and do not expect to move or change it. This is a really simple way to set an SL and it allows traders to easily set a one to one risk to reward ratio.

In other words, if you want to keep your risk to reward ratio at 1 to 1, you can set your static stop loss at 50 pips below the entry price, while setting the take profit at 50 pips above the entry price. This is by far the simplest way to set an SL order.

Setting Static Stops with Indicators

This method of setting SL levels is much like the first one we just looked at. However, this one also involves the use of indicators. Some people use indicators such as the ATR (average true range) to do this. The big bonus here is that instead of setting an arbitrary SL, traders use actual technical market information to set the stop loss.

The bonus here is that traders can accurately analyze risk management options by using indicators such as pivot points and price swings and by using recent market information. Unlike simple static stop losses, here you actually use market information to make your decision more accurate, reliable, and less costly in the even that a trade goes south.

Using Manual Trailing Stops

For those Forex traders who want to exercise maximum control over their trades at all times while those trades are open, using manual trailing stop loss orders is a good way to go.

In other words, this type of SL involves a trader needing to pay close attention to open positions, because the trader will manually move the stop loss according to what is unfolding in front of him or her.

In essence, the further a trade moves in favor of your position, the further the SL order is moved to accommodate this. Then, when the market trend finally reverses, the position will be stopped out.

Stop Loss

Trailing Break Even Stops

This specific type of trailing stop loss is similar to the other one we just looked at, but it allows for even better money management and risk management. Once again, a trailing SL is where a trader can adjust the SL level as the trade moves in his or her favor.

This is of course an attempt to mitigate as much risk as possible in the event that the trader makes a wrong decision and the market moves against him or her. The point here, for example, is that if you set the stop order to 50 pips below the entry price, if the price moves up by 50 pips, you can then adjust the stop order, say by 50 pips.

Now, your SL order would actually be at your break even point, or in other words, at the entry price. This is why this type of SL is also referred to as a trailing break even stop loss, because at the end of the day, the aim is to set the SL at the entry price, so that if a trade goes south, no money will be lost.

The Fixed Trailing Stop

The fifth and final type of SL order that we want to talk about today is the fixed trailing stop order. This type of stop order is like the other types of trailing stops, with the difference being that the trader sets the increments in which the stop loss order adjusts.

In other words, instead of manually having to adjust the order every time the market moves in your favor, you can set your trade to automatically adjust by a set amount of pips when the market moves in your favor. These automatic adjustments will continue until the trade is closed or until the stop order is hit.

Stop Loss Orders – Final Thoughts

The bottom line is that when it comes to Forex trading, the stop loss order is indeed one of your best friends. You won’t always be able to place the right trade, and when the time comes, you will be thankful that you learned all about SL orders. They can end up saving you a whole lot of money!

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The 7 Basics of Forex Strategies

The 7 Basics of Forex Strategies

When it comes to the world of Forex, something you really cannot do without are trading strategies. Yes, Forex strategies are very diverse and there are plenty of them to go around, hundreds in fact. If you plan on actually making a profit in foreign currency exchange trading, you need to have a solid plan in mind.

In other words, you need to have a mastery of various Forex strategies in order to profit. Without the right knowledge, skills, and some solid strategies in your arsenal, chances are pretty big that you will not see success anytime soon. Yes, FX trading is much harder than the pros make it look. Now, today we do not want to focus on specific Forex strategies for profitable trading.

What we want to focus on here are the basic components and the fundamentals which go into creating and using Forex strategies the right way. Specifically, today we want to cover the 7 basic components that you need to prepare for in order to make your Forex strategies work for you.

Forex Strategies

The 7 Fundamentals of Forex Strategies

Alright, so as we mentioned above, there are 7 vital components to every Forex strategy. More than that, these 7 fundamentals are crucial to master and to keep in mind at all times when you are trading, and this is regardless of the specific strategy you plan on using. If you follow the 7 tips that we have outlined below, you should be able to make any and every Forex trading strategy work to your advantage.

Money Management

Perhaps the most important component that you need to factor into all of your Forex strategies for Trading is money management, which is another way of saying risk management. Of course, the risk of losing money is an inherent part of trading FX, as well as with stocks, commodities, and so much more. What you need to know here is that losing money is inevitable.

No, we don’t mean losing everything, but losing a trade here and there is going to happen no matter how well prepared you are. This is the nature of the game. However, it’s all about how well you manage your money and the risk of it all. In other words, never risk more money than you can afford to lose comfortably, so no using your rent or mortgage money to trade currencies! Don’t use it if you can’t afford to lose it.

Time Management

The next important component of Forex strategies for profitable trading is time management. No, of course, you cannot spend the live long day trading, especially if you have a day job. However, equally as important to know is that profitable traders do spend all day trading, with many being full time traders who make all of their money in the world of FX.

Now, if you have a day job, you will still need to dedicate at least a few hours per day to trading, at least if you plan on being successful. The reason why people who trade for only an hour each day usually are not successful is because they miss the best opportunities. Simply put, you always have to be on the lookout for the best opportunities by keeping an eye on the market whenever possible.

Starting Small

Something that you always need to do, particularly if you are newbie testing out new Forex strategies, is to start off small. By this, we meant that you should stick to the smallest lot sizes possible and never invest a large chunk of cash into any one trade. If you are not yet very experienced, risking so much money is not worth it, especially considering that due to your status as a newbie, things are likely to not go your way.

Therefore, it’s best to start small. Moreover, by starting small, we also mean that you should not place a very large number of trades per day. Just like with anything else out there, it’s all about quality, not quantity. Also, having too many trades open at once makes things hard to track. It’s best to practice with some Forex strategies and master them before you start trading high volumes.

Being Consistent

The next important basic of Forex strategies, no matter which one you use, is that you need to be consistent with it. Now, this only applies if you are using a proven strategy that has shown results in the past, either for you or others.

However, the point here is that you need to keep things the same and constant. If it works, don’t fix it. You need to stick to your plan, especially if it is a good one. Don’t veer off course, don’t let your heart and your emotions tell you what to do, and don’t start changing things up if there is no need. Consistency is key.

It’s All About the Timing

Something else to keep in mind in terms of using various Forex strategies as a newbie is that timing is very important too. As a beginner, it’s best not to start trading right when the market opens up or right when you open up a chart.

As a newbie, you want to take your time, you need to evaluate the best course of action, and you need to strike while the iron is hot. That said, rushing into a trade too quickly is not a good idea. So, if you see a profitable opportunity, take it, but don’t execute lackluster trades just so you have made a trade.

Getting an Education

If you want to learn everything there is to know about Forex strategies, what they are, how to use them, and so much more, it’s best to get educated. FX trading is not something you can just do successfully without any training. It takes a lot of hard work and skill to get to a level where you are profiting on a consistent basis. Therefore, getting a solid Forex trading education is crucial.

Practicing with Demo Accounts

Finally, you do want to get some practice in. There are plenty of brokers and platforms out there that come with free demo accounts where you can trade using fake money. Before you start using new Forex strategies, test them out using such a demo account, just to make sure that you know what you are doing.

The Basics of Forex Strategies – Final Thoughts

There you have it folks, the 7 basics of Forex strategies for profitable trading. Now that you know what these fundamentals are, you can get to mastering some simple Forex trading strategies that will put money in your pocket!

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Top 10 Forex Trading Tips

Top 10 Forex Trading Tips

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!

Forex Trading Tips

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.

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Best Trading Guides for Beginners

Best Trading Guides for Beginners

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 Trading Guides

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.

 

EUR/USD Scalping

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.

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