April 22, 2016 Uncategorized

Week of 4/18/16: 3 Requirements for Successful Trading

This is what we discussed in class this week with our advanced members:

3 Requirements for Successful Trading

  • System
  • Money Management
  • You (the Trader)

How Successful Traders Think Differently

  • They accept responsibility for their results.
  • They see the market as neutral; just a non-stop flow of inert information offering them potential opportunities.
  • They accept the risks and uncertainty of the random results on each individual trade.
  • They think in probabilities just like a casino. They understand odds and how they function over the long term.

Gaps and Psychology

  • You can’t make trading decisions based on emotions or what you “think” may happen.
  • Trade based on “facts” by using tools available that show you what’s happening in the market.

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James Edward
James Edward has been a successful Forex hedge fund manager & educator for over a decade. He founded Complete Currency Trader, a London based firm that has consistently trained individuals to become professional and profitable traders long term using the individual currency strength analysis methodology. CCT is an elite Forex educational firm and has a reputation second to none with over 90 positive reviews and an overall 4.538 out of 5 rating on the third party verification site Forex Peace Army. James’s affable personality, expert knowledge, notoriety for getting results, and steadfast dedication to his clients, has secured his position as one of the most trustworthy, liked, and in demand authorities in the industry.