The whole purpose of this education is to help you find your own path to trading success by showing you the correct approach and tools that you need to implement in order to trade in the same manner as most professional traders.
One of the first and most important things to appreciate is that it really doesn’t matter what specific system you trade with because we are all unique and different systems fit different people.
The most important thing to incorporate into your trading is an adherence to a few important principles.
However you decide to trade, as long as your plan incorporates these principles you will do very well in this business in the long term.
The main principles you should adhere to are laid out below, but before that, we think that it is vital to remind you that the number one most important aspect of trading successfully is your psychology.
This cannot be overstated, because if you cannot apply yourself in your trading with consistency and discipline you will get killed by the market, and that is a promise.
Some people are aware that they have a problem with their psychology, and if that describes you, I have included some tactics in the psychology section that could help you overcome your issues.
Other people however can’t see that their main problem is their psychology, if this is you I have listed some common symptoms of a negative psychology so that you can recognize your problems as psychological and move quickly to work on solving it.
So as long as you realize that getting your psychology right is far more important than any trading approach that you use you can then move on to creating a system that you feel comfortable with and are able to apply consistently in the market.
When looking to create a trading plan, if you make sure that you incorporate the following things, you will have a very high chance of succeeding long term; don’t worry about trying to cram your system with every tool and concept that I teach. (If you need some inspiration, I have created an example trade plan for you to look at, at the end of this course).
OUR ETHOS:
These concepts will be explained in much more detail throughout the course, so just keep them in the back of your mind as you read through the material I provide.
As long as you trade within these parameters your probabilities of success will be much higher. Now let’s look in much more detail at the most important individual topics involved in successfully trading the Forex.
Next: Risk Management