Day: February 11, 2019

Stop Loss & Take Profit Explained!

Fabian FabianLatest News / Latest News / NewsLeave a comment

Stop Loss & Take Profit Explained!

OFFICIAL WEBSITE: IncomeMentorBox.com

Here at the Income Mentor Box Day Trading Academy, we want to teach you how to become a professional day trader. It is all about learning to trade Forex, CFD, stocks, indices, and more. The main goal is to help you become a profitable day trader so you can quit your 9 to 5 day job. Today we are here to talk about stop loss & take profit. Here we have a little mini tutorial on stop loss & take profit just to get you started. If you want a more in depth tutorial on stop loss & take profit, we would recommend joining our Income Mentor Box Day Trading Academy for the full scoop.

Income Mentor Box - Stop Loss & Take Profit

Stop Loss

In terms of stop loss & take profit, the first half of this is stop loss. Being able to understand and set an appropriate stop loss level is very important. This is an important part of Forex and other kinds of trading because it allows you to cut your losses when a trade is going south, before the full investment is lost. For instance, if you invest $100 in a certain asset, you can set the stop loss order to $75. Therefore, if the value of your investment decreases past $75, the position will automatically close, thus saving $75 before further losses are incurred. Stop loss levels can usually be set in pips, percentage points, or at specific price levels too.

 

Take Profit

When it comes to stop loss & take profit, one half of this important trading factor is of course take profit. Take profit or target price refers to placing an order where you inform your broker to close a trading position when a certain ROI or profit level has been reached. For instance, if you make an investment of $100, you can set the take profit level at $125 or 25%. This means that the trade will automatically close when that specific target is met. It’s a good way to ensure that you secure profits before things turn south. You can usually set a take profit order in percent or at a specific price level.

 

Cut Your Losses & Don’t Get Greedy

The important thing to note about stop loss & take profit levels is that they allow you to cut your losses or make sure that you walk away with profits. In terms of stop loss, setting a stop loss level allows you to salvage part of an investment before even more money is loss. A take profit order is great because it ensures that you walk away with a certain level of profits before a trade potentially turns south. It’s all about ensuring profits and minimizing losses.

 

Stop Loss & Take Profit – Final Thoughts

As you can see, it is indeed very important to be familiar with stop loss & take profit. This is an essential part of Forex and other kinds of trading. It comes in handy for minimizing losses and ensuring that you walk away with some profits. This is something that we here at the Income Mentor Box Trading Academy really cannot stress enough.

Folks, if you want to learn how to become a professional and successful day trader, our Income Mentor Box Day Trading Academy is the place to learn. For a low onetime payment of $299, you will get full access to all course materials. This includes far more in depth day trading tutorials than the one you saw here today, plus a whole lot more as well.

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Fundamental Analysis vs Technical Analysis

Fabian FabianLatest News / NewsLeave a comment

Fundamental Analysis vs Technical Analysis

OFFICIAL WEBSITE: IncomeMentorBox.com

Here at the Income Mentor Box Day Trading Academy, our main goal is to help you become a successful day trader. The biggest part of our program is to provide you with various trading lessons and tutorials on a wide variety of topics. For the low cost of $299, you can join our academy and gain full access to all course materials, which includes of 51 video tutorials that cover all of the ins and outs of day trading. When it comes down to it, there is really no better place to learn this stuff, especially when it comes to topics such as fundamental analysis vs technical analysis.

Income Mentor Box Fundamental Analysis vs Technical Analysis

One of the more recent trading tutorials led by Andrew himself, the leader of the Income Mentor Box Day Trading Academy, covers analysis. To be specific, this tutorial is all about fundamental analysis vs technical analysis. Now, the free video is already pretty comprehensive on this subject, but if you join our academy, you will get access to the full lesson. Let’s do a quick rundown of this technical analysis vs fundamental analysis topic so you know what awaits you.

Fundamental Analysis

When it comes down to it, as you will learn from Andrew, fundamental analysis is a method of evaluating assets by measuring the intrinsic value of them. When you engage in fundamental analysis, you look at factors such as earnings, liabilities, expenses, and assets. Moreover, you also look for the overall economy, the state of the industry, and the current financial condition of the stock, asset, or currency in question.

Technical Analysis

There is a big difference when it comes to fundamental analysis vs technical analysis. The main point here is that technical analysis functions by looking at graphs and price charts of a certain asset type or class to figure out certain patterns. The point of technical analysis is to try and recognize in which direction a price will go, and how far it will go, based on past patterns. Simple moving averages, support and resistance, trend lines and momentum-based indicators are all examples of technical analysis.

Mistakes People Make

There are some really big mistakes in regards to technical and fundamental analysis which even trading schools will teach. Here at the Income Mentor Box Day Trading Academy, we know these mistakes.

For instance, one of the biggest mistakes newbies make is to think that fundamental analysis is far more important than technical analysis. However, this is simply not true, as both of these analysis methods can be really useful.

For a full rundown of the mistakes which people make in regards to fundamental analysis and technical analysis, please view the video embedded here. Even better, for a fully comprehensive lesson on the subject, join our Income Mentor Box Day Trading Academy today.

Fundamental Analysis vs Technical Analysis – Conclusion

If you want to learn everything there is to know in regards to this issue of technical analysis vs fundamental analysis, please join the Income Mentor Box Day Trading Academy. It’s hands down the best way for you to become a knowledgeable and profitable day trader.

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