Sample $3000 trading account for the aspiring trader
Aug 13, 2014 7:02:49 GMT -5
sniperfx and gats like this
Post by traderAllen on Aug 13, 2014 7:02:49 GMT -5
In only eight trading days my aspiring trader has already made a 10% return for the month. Not too bad considering his financial advisor probably did not do that well.
So what are some simple ways to prepare yourself for pulling pips out of the market? Well to begin with clear your chart and clear your mind.
Clear your chart by getting rid of all those unnecessary squiggly lines on your chart the block your view of the price. Then get rid of all those squiggly lines underneath your price chart because there just repainted versions of history and will not do you any good either. With a clear chart your able to see what is currently going on in the market. Higher highs and higher lows were trending upward, look for entries, lower highs lower lows were trending downward, look for short entries, if you can't tell stay out of the market until you can tell.
Clear mind the same way. Get rid of any distractions to start with as an example. Set a garbage can next to your desk take your hand and swipe everything on your desktop into the garbage can (metaphorically speaking) a cluttered desk leads to a cluttered mind. You need only your trading computer, and a pen and paper for notes. You cannot concentrate on trading if you keep looking over at that stack of bills wondering when you're going to pay them.
You do need a good trade plan. You don't need a big account to get started. And you don't need to catch 100 pips swings to make good consistent profits. Look to take with the markets willing to give. And when it is not willing to give stay out. Allen
So what are some simple ways to prepare yourself for pulling pips out of the market? Well to begin with clear your chart and clear your mind.
Clear your chart by getting rid of all those unnecessary squiggly lines on your chart the block your view of the price. Then get rid of all those squiggly lines underneath your price chart because there just repainted versions of history and will not do you any good either. With a clear chart your able to see what is currently going on in the market. Higher highs and higher lows were trending upward, look for entries, lower highs lower lows were trending downward, look for short entries, if you can't tell stay out of the market until you can tell.
Clear mind the same way. Get rid of any distractions to start with as an example. Set a garbage can next to your desk take your hand and swipe everything on your desktop into the garbage can (metaphorically speaking) a cluttered desk leads to a cluttered mind. You need only your trading computer, and a pen and paper for notes. You cannot concentrate on trading if you keep looking over at that stack of bills wondering when you're going to pay them.
You do need a good trade plan. You don't need a big account to get started. And you don't need to catch 100 pips swings to make good consistent profits. Look to take with the markets willing to give. And when it is not willing to give stay out. Allen
