Finding the Best Trading Setup

Finding the Best Trading Setup

One of the most difficult aspects of being a newbie trader is finding the best trading setup for your circumstances. Finding the best trading setup is absolutely crucial to your overall success. After all, a good and profitable trade all starts at the beginning.

Therefore, exactly how you enter a trade is going to dictate how much money you make, or if you make money at all. Generally speaking, this is the case whether you are a forex trader, crypto currency trader, stock market trader, commodities trader, or anything in between.

The fact of the matter is that if you don’t have a good trading setup, nothing is going to go your way and you are most likely going to lose trades. Here, you need to know what the best charts are to find your best trading setups, and this is the case in terms of the time frames.

Moreover, knowing whether or not to use indicators, and which indicators are best is essential to. The fact of the matter is that to make your life is easy and profitable as possible, finding the best trading setup is absolutely essential. However, today we are going to keep things very simple.

We are going to help you find the best trading setup simply by looking at your charts and using support and resistance levels. We aren’t even really going to talk about using indicators, besides the small section at the end. Let’s get right to it and help you find the best trading setups so you can start making money on a daily basis.

trading setup

How to Find the Best Trading Setup

Do you plan on finding the best trading setup for you, looking for a set up where you can determine that the price is going to break out of a key level is essential. This is generally what we are here to look at today, price is breaking out of support and resistance levels.

One of the best things that you can do when finding the best trading setup is to take a look at the triangle trading pattern. Here, you are looking for either uptrending markets or downtrending markets, and here you are looking to create a triangle shape. Once you have created a triangle shape that is complete with corridors, you can then place profitable trades.

The really neat thing about this type of trading setup is that it is very simple and all you need are your charts, as well as knowing how to place support and resistance levels. Moreover, you also need to remember that this is all about trading quality not about trading quantity. The fact of the matter is that if you find a good trading setup, you don’t need the place many trades at all.

The more trades you place, the more risk you engagement, and the more attention you have to pay to all of those individual trades. Therefore, the best thing you can do as a newbie trader is to place one single trade per day where you can make many thousands of dollars of profits.

trading setups

Using the Best Timeframe

One of the things that is very crucial when it comes to finding the best trading setup is having the right time frame to begin with. When you are setting up your trades, especially when using this triangle support and resistance method come what you always want to look at the longer timeframes first. Generally speaking, you want to look at the one day time frame first, you then want to look at the one hour time frame.

Remember that while shorter timeframes are good for some purposes, they really aren’t the best for finding the best trading setup. However, those shorter timeframes are ideal for finding specific entry points.

What you are looking for here is when the price breaks out of that triangle that you just created. This is where you will find the best trades. What you are looking at here are your support and resistance lines. You are going to use those support and resistance lines to place your trade.

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Best Forex Signals

Using Support and Resistance

What you need to know now is how to place those support and resistance lines to find those triangle corridors to trades with. Of course, the point here is for you to see when the price breaks out of one of these corridors, either breaks out of support or breaks resistance.

the next thing that you need to know here is that if the price breaks the upper resistance line, then your take profit is going to be the previous swing high level. Of course, what you are going to do here is to place a buy trade. On the other hand, if the price breaks below the support level, then you are going to want to place a sell trade. The take profit level here is going to be the previous swing low.

trading setups

That said, you obviously don’t want to spend all day sitting in front of your computer waiting for these breakouts to occur. Because of this, it is very beneficial if you set up the alert system in your trading platform of choice.

This way, you can set up your support and resistance levels, and then, when the price breaks one of these support or resistance levels, your computer or smartphone will notify you, therefore allowing you to place a trade very quickly.

However, things don’t end there, because you continue making money. The fact of the matter is that if the price breaks the resistance line, and continues rising, you then want to place a second resistance line up top. This second resistance line is going to be at the next swing high level.

The first resistance line was broken, so it actually becomes your new support line, and you then place a new resistance line. You now have two trading corridors for two trades, the first support and resistance zone, and the second support and resistance zone. Both of these zones allow you to place profitable trades.

trading setups

Finding the Best Trading Setup – Final Thoughts

At the end of the day, if you follow the tips as listed above, you should have no problems finding the best trading setups for you. If you are able to do this, then making profits on a daily basis becomes much easier.

Let’s not forget that there are also many awesome tools at your disposal, such as the UPSI or Ultimate Profit Scalping Indicator. This is an awesome tool that can provide you with simple buy end sell signals that you can then act on.

CLICK ON IMAGE TO GET THE ULTIMATE PROFIT SCALPING INDICATOR

For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

How to Profit from a Stock Market Correction

How to Profit from a Stock Market Correction

As a stock market trader, one of the worst things that can happen to you is when there is a stock market correction. For the record, a stock market correction is one as stock market index, such as the S&P 500, goes below 10% or more from its high. Moreover, stock market corrections usually last for anywhere from two to four months. Yes, stock market corrections can turn into a bear market.

Now, what we really want to talk about today is how you can profit from a stock market correction. There are various practical trading techniques you can utilize to still make money even in the event of a stock market correction.

 These techniques will allow you to reduce potential losses, and even to make money from a stock market correction. Let’s go over all of the different methods at your disposal too manage your risk and to profit from a stock market correction.

Use a Portfolio Defense Mechanism

Generally speaking, in order to manage risk properly, most would recommend that you never invest more than 10% of your portfolio balance into a single stock. This means that if you have a $2500 portfolio, you shouldn’t invest more than $250 into certain stocks. You also want to make sure that you have a stop loss order that is just 10% under your entry price.

The reason why you want to do this, have 10% allocation and a negative 10% stop loss, is because if you lose a trade, you only really lose 1%. However, when there is a stock market correction, this can still be quite dangerous.  

The official recommendation here, to get through these stock market corrections, is that you only allocate 5% of your trading capital per trade. This also means that you can have more trades open at once. If you allocate 10% of your trading capital into a single trade, it means that you can have 10 trades open at once.

However if you allocate 5% of your trading capital into a single trade, it means that you can have 20 trades open at once. If you keep the stop loss level at negative 10% from the entry price, this means that you’re only risking 0.5% per trade.

Therefore, you want to allocate no more than 5% of your portfolio portrayed, you want to have a negative 10% stop loss from the entry price, with a risk of just 0.5% per trade, and 20 trades open at once. Another part of this defense mechanism is to diversify your portfolio. Simply put, having all your eggs in the same basket is never a good idea.

Follow the Market Leaders

Yes, making sure that all of your eggs are in the same basket is important. However, how do you know which of the eggs you need to invest in. Yes, there are plenty of opinions out there, but they’re not all correct. Fact of the matter is that you are the one making the final call here, so you’re really the only one to blame. Yes, you have to find the right kind of stocks to invest in. The best way to do this is to use a simple stock Screener.

There is one good theory to take note of here, which is that when a price seems too high and risky to the majority of people, then it will usually go higher. However if the majority of people think that up price is too low and cheap, it will usually go lower. When using a stock market Screener, you want to take a look at the 52 week highs, as well as the rate of change.

Stock Market Correction

Using these two features on any good stock Screener, you can then identify the best stocks to invest in. However, before you enter into a trade, just make sure that the stocks in question still need your general trading plan. No matter the case, you generally don’t want to stray very far from your proven and time tested trading strategy.

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Managing Trades to Decrease Risk and Increase Rewards

Of course, during a market correction, you want to decrease your risk as much as possible while also increasing the rewards. Having the highest possible reward to risk ratio is of course what you are looking for.

There are three things that you can do to assist with this. You can allocate small, you can scale in and move your stop loss to the break even point, and you can also use a trailing stop loss. Let’s take a quick look at all three.

First of all, as mentioned above, you do only want to allocate 5% into a single trade. However, remember that you are in a stock market correction, So what you can do here is allocate another 5% of your stock position. However, you then need to move your stop loss to the break even point.

The last thing that you then need to do is to trail your stop loss. This means that you can keep making more and more money while keeping your risk level in check. using a moving average trailing stop loss can be very beneficial in this sense.

Stock Market Correction

Increase Gains When the Market Correction  Ends

Keep in mind that stock market correction is usually end after three or four months. However, a stock market correction can last longer and it may get worse. There’s no fixed rule as to when they will end, so you are looking for a solution, here you want to look at the price.

Here you are looking for the stock index to break and then close above its all time high. If this happens, then there is a good chance that the stock market correction is over. Once this happens, you can then start allocating more money into your investments.

Surviving a Stock Market Correction – Final Thoughts

There you have it folks, you should now be able to survive a stock market correction with ease. Remember, risk management is at the forefront of this stock market correction survival technique.

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For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

Consistent Trading with Mentor Box

Consistent Trading with Mentor Box

If you want to learn to trade the markets consistently and profitably, the Mentor Box line of trading schools could be right for you. This is a line of trading schools that is designed to turn losing newbies into winning traders. There are two main schools we want to look at today. These include Stock Trading Mentor Box and the Income Mentor Box Day Trading Academy.

Mentor Box

The Income Mentor Box Day Trading Academy

If you are looking for a great day trading school, then Income Mentor Box is a great place to be. The Income Mentor Box Day Trading Academy is at this time one of the most popular day trading academies in the world. In terms of its overall focus, it does primarily focus on forex trading, although it will also keep shoot some stock market trading tips.

Mentor Box

One of the things that really stands out about the Income Mentor Box Day Trading Academy is the fact that it is a fully comprehensive educational course. You actually get a whole lot of value here, as the course consists of well over 50 full length lessons. Each of the lessons are around 20 minutes in length, so they are very detailed. Moreover, each of the lessons focuses on a specific topic, which is explained in great detail.

 

Mentor Box

The course starts out with the basics and terminology, and then gradually advances its way up to the more complex aspects of day trading. It’s a very well organized course that starts with the basics, with each lesson acting as a stepping stone for the next lesson. There is no jumping around and there aren’t any random lessons, because everything is very well structured and organized, and is therefore ideal for newbies. The well structured curriculum is ideal for newbies to learn from because it provides them with a foundation of knowledge that they can then continuously build upon.

What also stands out about the Income Mentor Box Day Trading Academy is the teacher himself, Andrew. Andrew is a longtime day trader, one of the most followed and popular ones in the world at this time. Andrew is a proficient forex, cryptocurrency, and stock market trader, and he makes a full time living doing so. not only is he an excellent trader, but also a fantastic teacher. He has this super approachable and down to earth nature that makes it easy for newbies to learn. He’s also very easy to approach, and is always willing to help.

Mentor Box

The fact is of course that the Income Mentor Box Day Trading Academy is a 100% online trading school. This means that you can learn from the comfort of your own home, and moreover on your own time period there are absolutely no time constraints or limits at all. Once you pay your fee and become a member of this trading school, you will have unlimited, full, and lifetime access to all course content. If you need a trading school that will teach you everything you need to know about forex trading, then the Income Mentor Box a trading Academy is definitely the place to be.

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Free Forex Signals Service

What is also worth mentioning about the Income Mentor Box Day Trading Academy is the fact that it comes complete with the free forex signals service. This signal service is hosted on the telegram messenger app, and it provides you with up to a dozen professionally researched trading ideas every single day.

This is what trading signals are, professionally researched signals that are analyzed by professionals and state of the art computer algorithms. These signals are trading ideas are then released to you, up to a dozen every single day, and they all come complete with entry points and exit points.

Income Mentor Box

In other words, using this Income Mentor Box forex signals service is more or less just a copy and paste job. You simply wait for the signals to appear, and then copy and paste them into your broker or trading platform of choice along with the necessary parameters that are included. These signals are accurate well over 90% of the time, which means that making money is almost guaranteed.

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Best Forex Signals

Stock Trading Mentor Box

Another awesome trading school from the mentor box line is Stock Trading Mentor Box. As you can probably tell from the name of it, this particular trading school focuses on stock market trading period now, we aren’t going to spend as much time explaining this as with Income Mentor Box, mainly because Stock Trading Mentor Box is more or less the same thing, but just for stock market trading instead of Forex trading.

Mentor Box

With that being said, with the Stock Trading Mentor Box Academy, you get the same great curriculum. It also features well over 50 full length and fully comprehensive lessons that are very well detailed, structured, and organized.

With the Stock Trading Mentor Box, you get a fully comprehensive curriculum that will teach you everything you need to know to be a professional, profitable, and confident stock market trader. It will keep you all of the best terms, concepts, tools, and strategies, as well as psychology, that you need to know in order to be a consistent stock market trader.

Stock Trading Mentor Box

Of course, we also get the same great teacher here, Andrew, who has this way of explaining these super difficult stock market concepts in ways that are very easy for newbies to understand. When it comes down to it, this might just be one of the best stock market trading schools out there, and it even comes with a state of the art indicator included for free.

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The Ultimate Profit Scalping Indicator

The state of the art indicator that comes included with Stock Trading Mentor Box is known as the UPSI or Ultimate Profit Scalping Indicator. This is a very high quality indicator that you can attach to your trading you charts. All you have to do then is to wait for profitable buy and sell signals to appear, and then place your trades.

Ultimate Profit Scalping Indicator Mentor Box

Keep in mind that this stays a scalping indicator, which means under his best used for short term trades, which many people should like, because it means that you can profit on a daily basis by using this Ultimate Profit Scalping Indicator.

Stock Trading Mentor Box

If you want to make easy money, you need a good indicator, you need a tool that can provide you with awesome buy and sell signals so you don’t really have to do much research, then the Ultimate Profit Scalping Indicator  is definitely something to keep an eye on. Keep in mind that you can purchase the Ultimate Profit Scalping Indicator  separately, although it is more cost effective if you get it along with Stock Trading Mentor Box.

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Profitable Trading with Mentor Box – The Bottom Line

if you need to learn today trade, mainly forex, then you definitely want to check out the Income Mentor Box Day Trading Academy, especially as it comes complete with a free forex signal service. However, if you want to be a professional stock market trader, and we recommend checking out Stock Trading Mentor Box. Remember that it also comes complete with that awesome state of the art indicator.

For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

The Hugo’s Way FX Broker: An Objective Review

The Hugo’s Way FX Broker: An Objective Review

OFFICIAL LINK

If you are planning to trade cryptocurrencies, Forex, commodities, stocks, or anything in between, then you need to have a good broker. This is where the Hugo’s Way FX broker comes into play.

A good broker that allows you to trade a wide variety of assets, is easy to use, very secure, versatile, and has low fees is what you need. That said, finding a good broker like this is easier said than done.

That said, there is a fairly new broker out there called Hugo’s Way, and it’s making a big impact in the trading community.

Hugo’s Way is a fully licensed and registered broker that allows people to trade using virtually any market asset out there. It comes with great spreads, huge amounts of leverage, tons of security features, and more.

Whether you’re a newbie or a pro trader, if you need a reliable, safe, and user friendly broker, then Hugo’s Way is worth checking out. Right now, we want to take an in-depth look at the Hugo’s Way broker to see exactly what it brings to the table.

Hugo’s Way

Hugo’s Way FX Broker: A Basic Overview

When it comes to this Hugo’s Way broker, there are tons of features to talk about. Simply put, it comes with everything you need for fast, easy, reliable, and profitable market trading. Let’s figure out exactly what you get when you sign up with Hugo’s Way.

Trading Assets & Features

The first thing worth mentioning with this particular broker is that it allows you to trade a truly ridiculous amount of assets. Hugo’s Way broker allows you to trade all major forex currency pairs, Forex crosses, and exotic Forex pairs. All in all, there are 55 different currencies that can be traded with this broker.

Hugo’s Way

Not only is this a great forex broker, but also a great cryptocurrency broker. It features 38 different cryptocurrencies for people to trade with. moreover, it doesn’t end there, because this is also an online stock broker. It features 73 different stocks that can be traded with. Furthermore, this broker also allows clients to trade both commodities and indices.

In terms of the variety of assets that can be traded, Hugo’s Way is one of the most versatile brokers out there. What is also worth noting is that using this broker, you can leverage your trades by up to 500 times, and there is just a 0.01 minimum lot size required for trades. Based on this, it is safe to say that this broker is ideal for both newbies and professional traders.

Segregated Client Funds & Tier One Banking

What you may also like about this particular broker is that it features segregated client funds. This means that any funds that you deposit into this broker for trading can be held by you and in your own name.

Hugo’s Way

However, if you choose, you can also have Hugo’s Way hold onto your funds for you, which are held in an independent bank account on your behalf. This broker really does provide you with the best of both worlds.

What is also worth noting here is that the Hugo’s Way broker uses only tier one banking. This means that this broker works extremely closely with all of its service providers. This helps to ensure that all deposits and withdrawals are flawless, fast, and 100% reliable.

Institutional Grade Liquidity

What also stands out about this versatile broker is the fact that it features institutional grade liquidity from top banks. This broker uses only deep liquidity that is sourced from a pool of the top investment banks out there.

This helps to ensure that all clients of this broker get the best possible trading positions. This also helps to ensure that all of the rates on the market for traders are as good as can be. Using institutional grade liquidity also helps to ensure that all orders are filled straight away without any delays.

This also means that you are able to trade with ultra tight spreads, that start at 0.0 pips. All of your trades are processed directly through the genuine ECN trading environment. Working with the world’s largest investment banks helps to ensure reliable, fast, and low cost trading. Hugo’s Way is one of the best brokers out there in this regard.

Hugo’s Way

STP Execution

Something else that you should definitely appreciate about this particular broker is the fact that it uses the STP or straight through processing execution model. What this means is that whenever you place a trade using the Hugo’s Way broker, you won’t ever have to deal with any re-quotes, repainting, or desk manipulation. This is definitely something that helps make this broker a lot more reliable.

This also ensures that there are no conflicts of interest present. All of the trades that this broker executes are processed via the Hugo’s Way aggregator. This therefore guarantees that you always get the absolute best rates on all of your trade, as the rates come from the aforementioned of top tier financial institutions.

To Notch Risk Management

This broker also excels at risk management. This broker regularly and consistently monitors, regulates, analyzes, and pinpoints all of the different types of risks that are associated with all of its day-to-day operations.

 In terms of reliability, safety, and security, this is one of the best brokers out there at this time. It’s all about keeping risk levels at a minimum, to ensure that your trades will be as reliable and profitable as possible. It also has to do with ensuring that all trades and transactions are 100% safe and secure.

Hugo’s Way

Trading with MetaTrader 4

Another aspect about this Hugo’s Way broker is the fact that it uses the MetaTrader 4 trading platform. For those of you who don’t know, the MetaTrader 4 platform is one of the best trading platforms out there, and it has tons of awards to back up this claim.

This is one of the highest award winning brokers out there at this time, and it has received countless awards over the past few years. It is at this time the world’s number one most popular trading platform. It can be used by forex traders, cryptocurrency traders, stock market traders, commodities traders, indices traders, and by everyone in between.

What is also really cool is that MetaTrader 4 is an extremely versatile platform in terms of the types of trading that you can engage in. It allows for very easy social trading so you can follow the other best traders out there, it allows for manual trading, and it even allows for totally automated trading too. Meta trader four is an extremely user friendly platform that both beginners and professionals love.

Hugo’s Way FX Broker Demo Account

Something that all of the newbie traders out there are really going to love about this particular broker is the fact that you can’t sign up for a demo account. Yes, you can only make money if you sign up for a live account, but with that said, as a beginner trader, you might not yet have the skills or confidence you need to actually be profitable.

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Hugo’s Way

 If you want to just practice your skills, refine your trainings to add strategies, and refine your risk management skills, then we definitely recommend trying the Hugo’s Way demo account.

The demo account allows you to trade under real and live market conditions, but without having to risk real money. Then, once you have refined your skills enough to feel confident in your trading skills, you can then open a live account and start trading with real money to make actual profits.

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The Hugo’s Way FX Broker Affiliate Program

Something else that stands out about Hugo’s Way is that it is one of the few brokers that has an actual legitimate affiliate program. As a member of this broker, you can refer your friends and family to also join this broker.

Then, once any of your referrals trade using this broker, you will get a small portion of the investment that your referrals make. Even if your referrals don’t win their trades, you still get a small amount of money.

What is also worth mentioning is that you then also get some money when your referrals refer other people. This kind of multi level referral system means that you stand to gain great profits simply when your referrals trade, or when your referrals refer other people. It’s an easy and fast way to make some additional money.

24/7 Client Support

The other great aspect of this particular broker is the fact that it comes complete with reliable 24/7 client support. This means that whenever you have an issue, you can contact client support, and they will help you right away.

Hugo’s Way

Hugo’s Way FX Broker Review – Final Thoughts

As you can see, if you need a broker that is ideal for both beginners and veteran traders, one that allows you to trade with virtually all of the assets in the world, and one that allows for very user friendly trading, then this Hugo’s Way broker is definitely one that we recommend checking out.

 

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For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

Notes About Improving Your Trading Results

Notes About Improving Your Trading Results

Today we are going to provide you with the most important notes to help improve your trading results. Let’s get right to it and help you win some trades.

Trading Results

Even Pros Struggled in the Beginning

One of the things that you need to keep in mind as a beginner trader is the fact that you are going to suffer losses, especially in the beginning. The process of improving your trading results is a long and hard journey. Now, we are not saying that you might lose a trade every now and again.

Actually, what we are saying is that in the beginning, you’re very likely to suffer heavy and consistent losses. The simple reality is that as a beginner trader, you are going to make lots of mistakes that will lead to big losses. In case this hasn’t happened to you yet, don’t lose faith, because you will end up losing a whole lot of trades in the beginning.

That said if so many people suffered heavy and consistent losses in the beginning, then how do they become profitable traders? How do you go from losing so many traits to being a great trader without giving up in the meantime?

Well, one of the things that many people do to improve their trading results is to start by demo trading. You can use demo trading accounts to trade in real live market conditions without actually risking real money. This will allow you to practice your trading skills until you feel confident enough to start using real money.

However, just be weary of demo accounts because they don’t come with any risk. Many newbie traders looking to improve their trading results will trade irrationally and take on way too much risk in demo accounts. This doesn’t properly prepare them for real live trading with real money. Get away from those demo accounts once you feel confident enough to start trading with real money.

The trick here is that even if you just have $1000, you want to treat it as though it was a much larger sum, as if though it were $100,000. You will improve your trading results via practice, and as you go, you can add more money to your account.

The fact of the matter here is that risk management is very important, so you don’t want to invest too much money for trade. If you treat your trading account like a business, then it’s going to reduce your risk of suffering from heavy losses. Just don’t lose faith if you suffer from consistent losses because you will be able to improve your training results and things will get better.

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Best Forex Signals for Trading Results

Know Everything About a Trade Before You Place it

In terms of improving your trading results, there are three things that you should always know before you enter a trade. You want to know how to exit a trade when you were wrong about it. You also need to know how to exit a trade when you were right. Moreover, you need to know what your trading criteria are, and when to enter a trade when those criteria are met.

If you have answers to all three of those questions, then improving your failing results should not be a problem period however, if you don’t know the answers to all three of those questions, then you’re going to be in some pretty big trouble. These are not questions that you want to be in the process of answering as you are in the middle of trades.

The simple reality is that beginner traders often know when to enter a trade, but not when to exit it. For this reason, many traders become investors, because they don’t have to exit trades. The bottom line here is that you need to know what your criteria to enter trades are, and you need to know how to exit them, both when you are wrong and when you are right.

In order to get good at entering and exiting trades, so you can improve your trading results, we definitely recommend doing some comprehensive research on proven trading strategies. Moreover, to improve your trading results, having an actual education for trading is ideal. With a good trading education, you can learn about the best trading strategies out there, and this will help improve your trading results.

Manage Your Trades & Your Trading Account

In order to improve your trading results, yes, managing your trades is important, but that’s not the only thing you need to manage. You also need to manage your trading account. Money management and managing a trading account is one of the most important aspects that will lead you to improving your trading results.

Moreover exactly how you manage your account and your money really depends on your exact circumstances. Things often change, and you therefore need to be able to adapt and improvise. Of course, managing your risk levels when you only have $100 to spare is much different than when you have $10,000 to spare. What you need to know here to improve your trading results is that there are three main ways to help manage your trading account and your risk levels.

  1. As a rule of thumb, you never want to risk more than 1% of your trading capital on a single trade. Remember that you do need to adapt. If you are doing really well, but you can risk as much as 3% of your trading capital onto single trade. However if you are not doing well, then only risk is 0.5% of your capital on a trade.

  1. You also want to pay attention to how many trades you have open at once. Improving your trading results is not easily done when you have too much to keep track of. If you are doing day trading, which means that you have to pay close attention to your trades, having more than three or five trades open at once is not going to be easy. However, if your trades are very long term and will be open for weeks or even months, then you can have 15 or 20 open at the same time.

  1. The other thing to keep in mind here is that when you have a drawdown of over 40%, that you do want to take a step back and assess the situation. If you lose more than 40% of your overall trading capital due to heavy and consistent losses, you need to stop trading totally, take a step back and reevaluate your trading strategies.

Improving Your Trading Results – Final Thoughts

The final thing to take note of here in terms of improving your trading results is the fact that if you have lasted for a full year, then you are successful period now, this is true whether you have been winning consistently or suffering from losses.

The fact of the matter is that if you have not lost all of your trading capital yet, and you are still going strong, and even if you have been suffering losses, you can still be considered successful.

The reality here is that most traders fail in the first few months and give up delete. Within post therefore, if you had not totally given up and you still have money left after a year of trading, it is a sign that you are doing something right. If you have not given up after a year of trading, then you are on your way to success.

The other thought that we want to leave you with today is the fact that having a vivid trading education is essential. Simply put, improving your trading results is much easier when you actually know all about trading strategies, indicators, and much more.

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For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

My Journey to Being a Winning Trader

My Journey to Being a Winning Trader

Hey all, my name’s Scott Daniels, and I am now a fulltime professional trader, a winning trader who makes enough money in about 30 hours of trading per week to support myself, my family of four, and a few dogs too.

However, I wasn’t always a winning trader, and in fact, I’ve only been seeing such a great degree of success for the past few months. The fact of the matter is that once I had some solid training and trading education under my belt, I was well on my way to a happy and well balance life. When it comes down to it, I’ve got the Income Mentor Box Day Trading Academy to thank for this.

However, before I start talking about what Income Mentor Box was able to do for me, let me start at the beginning. This is the story of how I went from being an unhappy chef, working long hours for little pay, to being a winning trader that can easily support a whole family and who has plenty of free time to spend with that family.

Hey All, I’m Scott Daniels 

Life Before Being a Winning Trader

If there is one thing that is for certain, it’s that I was not at all happy with where I was at in life before becoming a winning trader. It’s pretty funny to say that, seeing as I was actually an executive chef at a five star restaurant. By all means, when compared to most other working folk out there, I had it alright.

I was earning a decent paycheck no doubt, but that said, I was working over 80 hours per week, sometimes over 90 hours per week, slaving away in a boiling hot kitchen, and cooking food for ungrateful people. It certainly was not ideal, especially seeing as I never got to see my family or spend time with my family.

For all of these reasons, I decided that I wanted something bigger and better. I had seen many people on YouTube and online, so called professional traders who were making thousands of dollars with ease, doing nothing but sitting in front of their computer and trading currencies. This definitely sounded like a fantastic way of life to me.

So, I figured, what the heck, and I started trading. Well, I invested $3,000 initially, and who would have guessed, I lost it all, every last penny.

As it seems, starting trading isn’t something you just do with no prior experience or training. Apparently, trying to trade without knowing how to do so is nothing more than a recipe for failure. For this reason, I decided to take an online trading course, which mind you, wasn’t particularly cheap.

Winning Trader

 

My First Attempt at Learning to Trade

So, I decided to take some random online trading course that promised that I would become a winning trader in just a couple of weeks. This course cost me upwards of $1,000, and as I quickly figured out, it was not a good course. It consisted of just 20 lessons, and they honestly were not very detailed or helpful.

The teacher sounded like a monotonous robot reading a script. He didn’t give a darn if we actually learned anything. This trading course wasn’t about helping us, the students, make money, but rather about sucking us dry of our money. It was really just a scam designed to take my money. The lessons were more or less incomplete, the teacher was terrible, and there was no way to communicate with him or to ask questions.

As I quickly figured out, both from this and from asking around, many online trading courses are like this. I even tried using the “skills” (skills being a word I use very loosely here), to place some trades. Yeah, so, I won 2 out of 30 trades I placed. As you could Imagine, I was not happy. I used every tool and skill this course provided me with, which is obviously not much at all, and it just made me lose more money.

Well, at this point I was totally disillusioned with the whole trading thing, and just wanted to call it quits. However, I still wanted to make a better living, and I still wanted to spend more time with my family, so I searched around one last time to see if I could find a decent trading course that could indeed turn me into a winning trader, and this is when I came across Income Mentor Box.

 

Becoming a Winning Trader with Income Mentor Box

When I first saw Income Mentor Box, I figured that it was just another money grab like the other courses I had seen. However, from the hundreds of positive reviews and testimonials I read, it definitely seemed like the real deal. So, I figured what the heck, let’s give it one last shot, and boy am I ever happy that I did.

Folks, it’s no joke when I say that this trading course, Income Mentor Box, is legit, the real deal no doubt. I was pleasantly surprised by the fact that the curriculum consisted of well over 50 full length, comprehensive, and easy to follow training tutorials. These lessons were very well organized and structured.

Winning Trader

They actually started off with the simple basics, and then slowly moved along to the more complex stuff. Not only were the lessons designed in such an order to allow me to build upon each one in a consecutive manner, but the lessons themselves were also very easy to follow along with. Andrew has this way of explaining everything with his words, and then using live trading examples, to make all of these super difficult trading concepts easy to understand.

Now, I was never one to say that learning can be fun, but in this case, I got as close to having fun learning as I ever have. The most fun part of all was being able to put these skills to use. What I also have to say about Andrew is that he is very approachable, by which I mean that I was always able to contact him to ask questions when I didn’t understand something, and he always gave me detailed and helpful responses.

Now, while $299 seemed like a lot of money to spend at the time, it was still a fraction of the cost as other trading classes, and it provided me with way more value.  For under $300, I was provided with all of the tools and skills I needed to become a winning trader, and it was all taught to me by a friendly, approachable, and ready to help teacher.

Winning Trader

 

My Life Today

Now it’s been just about a full year since I completed the IMB trading course, which mind you, took me a couple of months, and I am now indeed a winning trader. Keep in mind that when you join Income Mentor Box, you can take as long as you like to work your way through the course. I did have some trouble points, and some of the lessons were more difficult than others. I actually watched some of the lessons up to three or four times.

The fact that IMB provides full and unlimited access to all course content for the rest of your life is a big deal no doubt. Sure, I was told that some people take a couple of weeks, but I took a couple of months, and that’s just fine.

Anyway, now that I’m done the course, I’m winning anywhere from 70% to 90% of the trades that I place, which is of course great. Thanks to Income Mentor Box, I was able to quit my job as a chef. I can now spend as much time with my family as I want, while also making a lot more money than before.

I make more money now trading 30 hours per week than I did cooking 90 hours per week, way, way more money. I don’t regret joining Income Mentor Box for a single second, as it provided me with the tools and skills I need to be a winning trader, to be happy and successful, and to spend more time with my loving family.

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

Best Forex Signals for Easy Profits

Best Forex Signals for Easy Profits

Trading forex is not easy in the least. It takes a whole lot of skill, knowledge, and practice in order to be able to trade forex profitably. Now, with that being said, there are some tools that can help make your life as a forex trader much easier. One of these tools is a Forex signals service. For those of you who don’t know what a forex signal services, no worries because we will explain this in great detail below.

The bottom line here is that if you are still in the process of learning how to trade forex, but you want to make profits while doing so, then a good forex signals group is what you need. Generally speaking, these signals group allow you to simply copy and paste profitable trades into your trading platform of choice and watch as the profits accumulate.

With that being said you do need to find the right signals group in order to actually profit, because not all of them actually work. Many of these so-called profitable signals groups are actually dressed scams that don’t provide you with any useful information and it will just lead to you losing trades. So, what we want to do today is to take a closer look at the best forex signals group around. However, it doesn’t end there, because we will also be talking about where you can find the best cryptocurrency signals and more.

Best Forex Signals with Income Mentor Box

The first thing that we want to take a look at is the Income Mentor Box Forex singles group period now, for those of you who don’t know, Income Mentor Boxes at this time one of the highest rated day trading academies in the world. This is the best place to be if you want to learn how to trade forex and the stock market period now, it does focus mostly on forex trading, but there are also some very valuable stock market trading tips as well.

If you want to learn how to trade forex from the ground up, and you need a good foundation of knowledge that you can then build upon even further, then Income Mentor Box is definitely one of the best places that you can be. However, the education provided by this service is not really what we are here to talk about today.

Best Forex Signals

What we are here to talk about is the Income Mentor Box forex signals group. Here you will find the best forex signals around, which in this case are ideas or tips that come from expert traders and expert analytical programs. In other words, you are provided with all of the information that you need to place profitable forex trades.

Best Forex Signals

All of the signals that come your way come complete with both entry points and exit points. this means that you literally just have to copy and paste the signal that you received in your broker or trading platform of choice and watch as the profits accumulate. This definitely helps make life a whole lot easier because all of the signals are well analyzed and researched, so there is no heavy lifting or hard work to be done on your end. It’s literally just a copy and paste job.

In case you are wondering, here you will get up to a dozen high-quality signals per day. Keep in mind that these forex signals are accurate well over 90% of the time period this means that you can win 9 out of every 10 trades placed with them, and this of course means that you will make profits on a daily basis. With a 90% accuracy rate, not making profits is nearly impossible.  

Do also keep in mind that joining the Income Mentor Box day trading Academy usually costs $299 comma and yes comma this does include the forest signal service for free period. However, thanks to the Income Mentor Box Black Friday sale, the cost of joining this Academy and getting the forex signal service for free is now just under $150.

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

 

Best Crypto Signals with Crypto Mentor Box

OK, so I may focus up today what’s the forex signals group from Income Mentor Box. However, if you happen to want to trade cryptocurrencies in the same way, then there is a great cryptocurrency signal service out there too. It comes from the same people, and it is called Crypto Mentor Box.

Crypto Trading Box

Crypto Mentor Box is at this time one of the highest rated cryptocurrency signals group out there. Just like with the above signals group that we talked about, this one also provides you with up to 12 high quality cryptocurrency singles per day, ones that are accurate up to 95% of the time. With a 95% accuracy rate, not making profits is once again, nearly impossible.

All of the signals come completely analyzed and research for you, and they come complete with all of the information that you need to simply copy and paste them into your broker or trading platform of choice. The signals come complete with entry points and exit points, so there is absolutely no hard work or guessing that you need to do.

It’s a really easy way to make money trading cryptocurrencies period now, let’s keep in mind that Crypto Mentor Box usually cost $299, but thanks to the Black Friday sale, it is now just $150 for a limited amount of time period as a bonus, also keep in mind that Crypto Mentor Box comes complete with a basic education for cryptocurrency traders. It will teach you all the basics that you need to know in order to trade cryptocurrencies profitably.

CLICK BELOW: GET YOUR CRYPTO TRADING BOX SIGNALS TODAY!

 

Best Stock Signals with UPSI

If what you are looking for is a great indicator that can provide you a profitable buy and sell signals for the stock market, Forex, and all other markets, then what you should check out is the UPSI or ultimate profit scalping indicator.

UPSI

This is a super profitable and easy to use indicator that can provide you with extremely profitable signals when it is attached to the appropriate chart in your trading platform.

Signals

It’s not exactly a signal service, but it is one of the best indicators out there. This indicator usually comes included with Stock Trading Mentor Box, one of the best stock market trading schools in the world, and if you are looking for both a good indicator and a stock market trading education, then we definitely recommend joining.

Do keep in mind that currently the price of Stock Trading Mentor Box and the UPSI is just under $200, which is the sale price for black Friday, but the usual price is $399. That being said, you can get the UPSI alone for just $149.50 at this time, which is the Black Friday sale price, marked down from $299.

CLICK ON IMAGE BELOW TO JOIN

Stock Trading Mentor Box Direct Link

Best Forex Signals Group & More – Final Thoughts

Without a shadow of a doubt, the best Forex signals group around is the IMB signals group, and if you’re looking for the best crypto signals, they can be found and Crypto Mentor Box. Whether you need the best Forex signals, crypto signals, or just a really good indicator for short term profits, you now have all of the resources you need at your disposal to realize this dream.

Mentor Box 50% Off Black Friday Sale

Mentor Box 50% Off Black Friday Sale

BLACK FRIDAY SALE LINK: CLICK HERE

Yes folks, it’s that time of year again, Black Friday. Well, the big bulk retailers any online stores aren’t the only people having a Black Friday sale. Mentor Box, the source for all of your best trading educational needs, is currently also having a Black Friday sale.

Mentor box includes a lineup of awesome trading schools that will teach you how to be a professional and profitable trader period now, these usually cost a decent amount of money, although they are not overly expensive to begin with. With that being said, with this Black Friday sale, everything is now 50% off.

Folks, that is right, this Black Friday sale means that all mentor box products are 50% off. Of course, this sale is not going to last forever, so you need to take advantage of it while it lasts. Let’s take a closer look at exactly what you get for 50% off and what it all entails. There are four specific things that you now have the ability to buy for 50% off for a very limited time.

Black Friday Sale Mentor Box

Black Friday Sale at Income Mentor Box

The Income Mentor Box Day Trading Academy is regarded as being one of the best day trading schools in the world. This day trading school focuses mainly on forex trading, but will also teach you some valuable stock market trading techniques as well.

This course consists of well over 50 full length lessons, and they all consist of in depth video tutorials led by none other than Andrew himself.

Black Friday Sale

Between the 50 full length lessons and the various other resources at your disposal, this Income Mentor Box Day Trading Academy will teach you how to become a proficient and profitable trader. Let’s not forget that it also comes complete with a highly accurate forex signals group, one that provides you with up to a dozen forex signals per day, ones that are accurate up to 95% of the time.

Income Mentor Box

Lifetime access to income mentor box usually costs $299. However, with this 50% off Black Friday sale, you are looking at just over $149. People, being able to get a fully comprehensive forex education for under $150 is an extremely good deal.

 

Black Friday Sale at Stock Trading Mentor Box

The next thing that we want to talk about in terms of this 50% off Black Friday sale is Stock Trading Mentor Box. This is at this time rated as being one of the best stock market trading schools in the world. Just like with the above trading school, this one also consists of over 50 full length lessons that are lead by none other than Andrew himself.

Andrew is of course a fantastic trader, and he makes for an even better teacher too. He has the skills and the patience to teach even the grief of newbies exactly how to trade the stock market. Within this course, you will learn literally everything that you need to know about the stock market in order to be a proficient and profitable trader for the rest of your life.

Black Friday Sale

In terms of educational content, this is one of the most comprehensive stock market trading schools in the world. Let’s not forget that stock trading mentor box also comes with a free trading indicator included, one that is called the ultimate profit scalping indicator.

Now, usually, this stock trading mentor box school would cost $399. However, with this 50% off Black Friday sale, you are looking at a price of just under $200. Once again, being able to learn how to be a proficient stock market trader for under $200 is an absolutely fantastic deal.

Stock Trading Mentor Box

 

Black Friday Sale at Crypto Mentor Box

This Black Friday sale also applies to Crypto Mentor Box, which is one of the best cryptocurrency signals group in the world. This signal group will provide you with up to a dozen cryptocurrency signals for day, and they are accurate up to 95% of the time. For those of you who don’t know, as signals group provides you with all of the information you need to place profitable trades without actually having to do any research or heavy lifting whatsoever.

Black Friday Sale

All of the signals come complete with entry points and exit points, so all you have to do is copy and paste the trades into your trading platform or broker of choice, and watch as the profits roll in. Let’s not forget that Crypto Mentor Box also comes with a basic crypto currency trading course. Therefore, you can learn how to trade crypto currencies as you copy and paste profitable trades.

Usually, this crypto meant for box singles group would cost $299, but with this 50% off Black Friday sale, you are looking at the price of just over $149. People you can make back that $149 in a single day of trading with these awesome signals.

Black Friday Sale

 

Ultimate Profit Scalping Indicator 50% OFF

The other awesome trading resource that you can benefit from is called the Ultimate Profit Scalping Indicator. Yes, this indicator does come included with Stock Trading Mentor Box, but you can also buy this Ultimate Profit Scalping Indicator separately.

Black Friday Sale

Usually, this Ultimate Profit Scalping Indicator will cost you $299, but with his 50% off Black Friday sale, it will cost you only $149.50. In terms of useful indicators that can provide you with accurate buy and sell signals that you can then place trades on, is UPSI is hands down one of the best. What is the most accurate trading resources out there that can help put money in your pockets on a regular basis.

 

50% OFF EVERYTHING!

Folks, whether you want to learn to trade forex, the stock market, cryptocurrencies, or you just need an awesome profit scalping indicator, or even just a cryptocurrency signals group too, then now is the time to take advantage of the 50% off Black Friday sale.

These rock bottom prices will allow you to become a profitable trader without having to spend barely any money at all. Being able to receive a full time stock trading or forex trading education for well under $200 is nothing to turn your nose up at. This Black Friday sale is the best deal that you are ever going to get in this regard.

CLICK ON IMAGE BELOW TO TAKE ADVANTAGE OF THE 50% OFF BLACK FRIDAY SALE AT MENTOR BOX TRADING. 

Profitable Forex Scalping on Your Phone

Profitable Forex Scalping on Your Phone

If you plan on being a profitable trader, and one of the things that you absolutely need to learn all about is forex scalping. Moreover, today we are here not only to talk about forex scalping, but also about one of the best scalping strategies out there, mainly one that involves Fibonacci retracements.

Today we’re going to teach you one of Andrew’s best trading strategies, a profitable forex scalping strategy that you can execute on your mobile device. With this particular forex scalping strategy, you can make well over $300 per day using nothing but your mobile phone.

forex scalping - fibonacci

What is Forex Scalping

Before we can get into talking about Andrews best forex scalping strategy using Fibonacci retracements, it’s probably a good idea for us to explain to you exactly what forex scalping is. For those of you who don’t know what forex scalping is, this is a very specific type of trading that involves utilizing very short term trades in order to collect profits from the market.

When it comes to Forex scalping, traders will open positions in the markets and then close those positions within a very short amount of time, often within just mere minutes, or sometimes within mere seconds. The goal of forex scalping is to generate very small profits, but to generate a whole lot of them on a daily basis, with the main goal of minimizing risk while maximizing profitability.

Moreover, keep in mind that forex scalping is a type of day trading or intraday trading, as the trades never last more than a full day, and realistically, they don’t even last for a full hour. It’s all about generating lots of small profits over the course of a comma with the end goal being to accumulate a substantial profit at the end of every day.

forex scalping

 

Pros & Cons of Forex Scalping

Just as is the case with any trading strategy out there, forex scalping does have both its advantages and disadvantages, so let’s take a look at exactly what these are right now.

Pros

  • One big advantage that you get with Forex scalping is that you can bring in regular profits on a daily basis, unlike other strategies where it can take days or even weeks before you make a profit.
  • Another thing that is really beneficial about this type of trading is that you benefit from having a very low risk level per trade. this is because each trade features only a very small position in relation to the overall size of the total trading account. It’s all about only risking very small amounts of money.
  • What’s also nice about this type of trading is that it really doesn’t take much market movement in order for you to make a profit. You only need the markets move a couple of pips in order to make a profit.

Cons

  • One of the major drawbacks with this type of trading is that it can be very difficult to predict what the market will do on a minute to minute basis, which is of course necessary when it comes to super short term forex scalping. However, this is where Andrews Fibonacci retracement forex scalping strategy comes into play.
  • The other slight disadvantage that you get with this type of trading is that you have to be an extremely consistent winner in order to make profits. When trades are this small, your winter loss ratio must be excellent.

Andrew’s Profitable Forex Scalping Strategy for Mobile Devices

OK, so we honestly don’t want to get too deep into explaining this video using our words, because it is a somewhat complicated strategy to utilize, and therefore, it is best for you to learn it by actually watching the video itself.

Have you will see from the video Andrew uses a series of techniques that involved using Fibonacci retracements in order to find the best entry points into trades for forex scalping. For those of you who don’t know what fibonacci retracements are, is a method of technical analysis that helps to determine support and resistance levels. It’s named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace after a portion of a move, before that same trend will continue in its original direction.

We would usually provide you with step-by-step instructions on exactly how to utilize the strategies that Andrew discusses in his videos, but this one is slightly complicated, and you would benefit the most from actually just watching the whole video, because Andrew does everything live on screen. However, as you will be able to see from the video, Andrew is able to engage in Forex trading in a very reliable and accurate way, and it’s all thanks to these Fibonacci retracements.

Remember folks, this particular strategy that involves using support and resistance levels is designed to provide you with the maximum level of reliability, or in other words it’s designed to help minimize the level of risk that you have to engage in one trading.

As you can see from the video, as long as you follow all of the tips that Andrew provides you with, and as long as you follow his strategy very closely, it is more than possible to make $300 per day, or even more, using nothing but your mobile phone, a trading system, and some Fibonacci retracements. When it comes to beginner friendly forest scalping strategies that are easy to master, this is definitely one of the best ones out there. It’s safe, reliable, accurate, and profitable too.

 

VISIT ANDREW’S TRADING CHANNEL

Easy Forex Scalping on Your Phone – Conclusion

If you plan on becoming a profitable forex trader, and you are just a beginner who wants to minimize your level of risk, then this particular forex scalping strategy that involves Fibonacci retracement, is definitely a good way to go with.

That being said, Andrew has plenty of trading videos and guides located on his YouTube channel, and if you are looking for some of the best trading strategies out there, besides this one, then we definitely recommend checking out this channel.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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