After A Decade Of Trading.. I Learned This 3-Step Process That Can Make Nearly Anyone Profitable!

"I created my own set of rules I tested them in the 4x market and validated those rules in historical data and about a month later was the first month that I had consistent profits throughout a full calendar month 30 days 20 some odd trading days I was profitable by the end of it that was the first time that it ever happened and I blame a huge part of that on me having a consistent set of rules that I followed a consistent strategy"

"take your favorite parts of what you know about technical analysis and combine them together to create a strategy create some rules I only trade when the market's above the 20 period moving average I only trade when I see a hammer candlestick I only trade when there's a double bottom that's above the 200 or a double top below the 200 moving average that has a red candle kicker whatever it is it's just a set of rules and the beauty of this is you don't have to go out here and trust someone from youtube that it's going to work once you have this set of rules there's a process called back testing of testing every time that set of rules has happened in historical data and seeing if that created a profit in the past"

"a really good strategy will win 55 to 60 of the time Let's go on the high end say 60 of the time at a 1.5 to 1 risk reward that is an incredible strategy"

"if you're starting with a thousand dollars The reason it's so hard and I'm here to be honest as I said before I'm the honest trading coach I'm doing all I can to give you the truth I don't want to sit here and sell some type of dream Forex is difficult and if you're starting with small capital it's even more difficult if you have a thousand dollars and you find a strategy that wins sixty percent of the time in a one point five to one risk reward and you make swing trading a hundred percent a year That means at the end of the year your account's only gonna be two thousand dollars"

"if you jump in a trade and you're no one likes losing money Let me start with that not even me I hate losing money no one likes to lose money but if you are so uncomfortable with the amount of money you're going to lose in a trade that you jump out of your trade early or you your palms start to sweat or you start freaking out in any way you're risking too much money on every trade you take and you need to cut back on that risk until you're comfortable with the amount of money you're going to lose on a specific trade"

"consistently profitable trading you have to stay consistent having a strategy that has a set of rules you can base all these rules on technical analysis but they need to be a set of rules like I said before double tops under a 200-day moving average when prices under it double bottoms above whatever the set of rules is got a full strategy in the back testing video that is a set of rules then staying consistent to this risk management plan because of this risk management plan it'll be a lot easier to stay consistent to the strategy but this is not the risk management plan Let's do a two percent risk That is going to put you on the path to a profitable trading career"