One of the question every aspiring trader should ask his/herself everyday is: how can I become a professional in my trading? Today i will be showing you how you can become
a professional and a specialist in your trading zone. Yes! Be in your Zone!!!
All trade Pros are Specialists
This is true for all professional careers like Medcine, Engineering, Computers (ICT), Education and what have you. This is also not a different thing when it comes to trading. In the trading profession, we specilaize also. But this is the problem with so many traders who unfortunately are part of the 90% of traders that don't make money or often blow their account. The reason why you never became a pro is because you don't know a strategy that you really want to master.
Too many information Online
This is the issue facing a lot of traders today. Instead of finding a logical and proven method that they know works, such as my PRICE ACTION trading that has worked for literally hundreds of years (started by a Chinese Price Action trader....... Trading directly just from Naked Price Chart.... I will discuss in another blog post), they move to a method or system, try it for a month or two, and then go to Forex Factory or another forum to find a new system or strategy.
What is the big problem with this? This jumping from system to system ensures that the trader will never become profitable because they never become a master at any trading method. Unless you pick and stick with a trading method, you will never give yourself time to understand the trading method or perfect it.
What you need to do is find a method like we teach in our PRICE ACTION trading courses that is logical, proven, and has worked for literally hundreds of years in many different markets... (stocks, futures, Gold, etc) Instead of being like most traders, half-hearted with their attempt to learn and master a method, why not make PRICE ACTION trading your own and perfect it. see here what is price action for my previous article.
The problem with most traders is that we have so much information online that have confused us. Now, do not get me wrong; this information are good for you. But real discretion is needed to make a choice of which strategy you want to pick and master from those information.
Intraday Trading will damage you faster
Professionals really do not have to sit down in front of their computers all day watching the price chart. I will do an article on the set and forget principle of trading. the set and forget strategy is the best trading option for a Price Action Trader like me and i wish you join the train. It doesn't have to be stressful for you the way you have chosen to make it.
This is why in the link above, I stressed the need of Every Price Action trader to focus primarily on the 4hr chart and the daily chart time frame. Because you have every time and liberty to analyse the market before placing a short or long order.
As an aspiring professional trader you must learn the set and forget principle. Allow your trade to have some breathing room to workout itself. Please refer to the link above and see why intraday trading may lead to over trading and why you don't need all of that.
In my next post i will show you how to place trades in great ways for profit; of course this is why we are in the market: To make profits!
Thank you for reading
From Mr. Weathy Peters
CEO, Pips Akademy Online
Saying: Be a great trader!
a professional and a specialist in your trading zone. Yes! Be in your Zone!!!
All trade Pros are Specialists
This is true for all professional careers like Medcine, Engineering, Computers (ICT), Education and what have you. This is also not a different thing when it comes to trading. In the trading profession, we specilaize also. But this is the problem with so many traders who unfortunately are part of the 90% of traders that don't make money or often blow their account. The reason why you never became a pro is because you don't know a strategy that you really want to master.
Too many information Online
This is the issue facing a lot of traders today. Instead of finding a logical and proven method that they know works, such as my PRICE ACTION trading that has worked for literally hundreds of years (started by a Chinese Price Action trader....... Trading directly just from Naked Price Chart.... I will discuss in another blog post), they move to a method or system, try it for a month or two, and then go to Forex Factory or another forum to find a new system or strategy.
What is the big problem with this? This jumping from system to system ensures that the trader will never become profitable because they never become a master at any trading method. Unless you pick and stick with a trading method, you will never give yourself time to understand the trading method or perfect it.
What you need to do is find a method like we teach in our PRICE ACTION trading courses that is logical, proven, and has worked for literally hundreds of years in many different markets... (stocks, futures, Gold, etc) Instead of being like most traders, half-hearted with their attempt to learn and master a method, why not make PRICE ACTION trading your own and perfect it. see here what is price action for my previous article.
The problem with most traders is that we have so much information online that have confused us. Now, do not get me wrong; this information are good for you. But real discretion is needed to make a choice of which strategy you want to pick and master from those information.
Intraday Trading will damage you faster
Professionals really do not have to sit down in front of their computers all day watching the price chart. I will do an article on the set and forget principle of trading. the set and forget strategy is the best trading option for a Price Action Trader like me and i wish you join the train. It doesn't have to be stressful for you the way you have chosen to make it.
This is why in the link above, I stressed the need of Every Price Action trader to focus primarily on the 4hr chart and the daily chart time frame. Because you have every time and liberty to analyse the market before placing a short or long order.
As an aspiring professional trader you must learn the set and forget principle. Allow your trade to have some breathing room to workout itself. Please refer to the link above and see why intraday trading may lead to over trading and why you don't need all of that.
In my next post i will show you how to place trades in great ways for profit; of course this is why we are in the market: To make profits!
Thank you for reading
From Mr. Weathy Peters
CEO, Pips Akademy Online
Saying: Be a great trader!
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