Forex Trader
Trading financial markets is easy as long as you realize the process of trading with earnings. There are several trading principles that you must understand and master before you become a trader with consistent earnings. We know this because it has also happened to us. At first we started to have some gains, but over time - as we only thought in money - we started to open several positions without following the strategy outlined earlier and it started to be a disaster. We lost money simply because we wanted to earn more and we stopped using the strategy, but these losses were positive to return to the previous strategy and never open positions just to open, now we open positions taking into account what will happen next and how to benefit from these Movements.
A trader may be able to make money in the short term - simply by luck - and start thinking that he is a successful trader. So you can start driving a car for only 100 meters and think you are a driver. You can understand where the car controls are and even know how to drive. However, becoming a competent driver is something else.
It is the same with trading. A trader may think that he is a trader simply because he knows a lot about the market and understands (or thinks he understands) the bargaining process. The first step is to understand what trading is and is not based on having information or knowledge. These are the specific steps you must take to master before you succeed. Most traders do not know that these steps exist.
A large percentage of traders are simple bettors and will never succeed because they do not invest the time and effort required to master the process. They think they just open a demo account and practice until they succeed. The truth is that they will never succeed because the process of success in negotiation involves several steps that will never follow.
For this reason, we have created a formula known as SECRET
This formula explains how and why successful traders make money. Here is the formula we use daily to achieve gains:
S - Small losses, you must control your losses.
E - Extended Profit - You must let your earnings grow to earn even more.
C - Consistency, you must have a method that you apply consistently.
R - Risk / Reward, this is very important to get bigger gains.
E - Edge - Edge, you must have one and understand clearly.
T - Trade Plan - Trading plan, you must have a trading plan that translates your edge into a plan.
