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  • How to Make Money Trading Forex Safely and Consistently

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    Azize Mohammed
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    The document provides advice for new traders on how to be successful in the foreign exchange market. It recommends focusing on preserving capital and controlling risk over chasing profits. Traders are advised to have realistic expectations, be patient and disciplined, and start with the goal of making 25 pips per week while risking no more than 2% per trade in order to double their account in a year. Overtrading, lack of a trading plan, not using stop losses, and overleveraging are identified as sure ways to lose money.

    Original Description:

    in this document ICT covers what the goal of successful traders are and how to stay successful through money management

    Original Title

    ICT- I Know What You Are Looking For

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    The document provides advice for new traders on how to be successful in the foreign exchange market. It recommends focusing on preserving capital and controlling risk over chasing profits. Traders are advised to have realistic expectations, be patient and disciplined, and start with the goal of making 25 pips per week while risking no more than 2% per trade in order to double their account in a year. Overtrading, lack of a trading plan, not using stop losses, and overleveraging are identified as sure ways to lose money.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    75 views1 page

    How to Make Money Trading Forex Safely and Consistently

    Uploaded by

    Azize Mohammed
    The document provides advice for new traders on how to be successful in the foreign exchange market. It recommends focusing on preserving capital and controlling risk over chasing profits. Traders are advised to have realistic expectations, be patient and disciplined, and start with the goal of making 25 pips per week while risking no more than 2% per trade in order to double their account in a year. Overtrading, lack of a trading plan, not using stop losses, and overleveraging are identified as sure ways to lose money.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    I Know Exactly What You Are Looking For

    Saturday, December 21, 2013 1:27 AM

    Making money while controlling risk should be the sole purpose for your trading.
    If you are focused on preserving your money and sincere about making it in this business, you stand a far
    greater chance of success than the average Joe who "plays Forex" or pretends he is a real trader.
    You have a 90% chance in blowing our your account within 3 months from opening it.
    Just because it is called day trading does not mean it is every day trading.
    You can make a fortune in this business if you are patient, disciplined, & focused. You do not need a lot to
    make a lot either.
    Lower your expectations and extend your time horizons.
    You are entering the world of the most elite financial predators in the world.
    If you were to make 25 pips a week, risking 2% per trade, you would more than double your equity every year.
    This comes to a lowly 6% return per month. This is a really sound objective for your first 3-6 months trading and
    it is absolutely achievable.
    Overtrading, trading without a plan, not using a protective stop, and over-leveraging your account are sure fire
    ways to blow out your trading account.
    There are specific times of the day & night you will want to be prepared to study the market conditions for
    potential setups. It shouldn't be any more than 3 hours.
    There are no shortcuts or fast tracks to consistency, only the day to day steps everyone else already took to get
    there as well.
    You will find trading enjoyable and rewarding once you learn the market dynamics that are in motion each
    trading day.

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