April 14, 2016Daily Analysis

CCT Weekly Summary 09 April 2016

We’re back with new weekly summaries of the topics we discussed in live classes with our advanced members.

We began this week with discussions on odds and probabilities.

  • There is no magic trading tool or single piece of information will make you a winner.
  • Winning is a combination of astute money management, accurate trade selection, correct timing, and lots of discipline.
  • ALWAYS remember that even though we have an edge, the outcome of any one trade is still 50:50.
  • There are no absolutes.

Then, we discussed realistic expectations.

  • Our expectations play a pivotal role in how we respond and react to various situations.
  • The disappointment caused from expectations not being met, is the number one cause of traders losing motivation or giving up entirely.
  • Most people have grossly unrealistic expectations about trading.

Finally, we go over 2 trades that we took on the GBP/USD and the AUD/JPY showing why we entered and the results.

 

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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.