Month: June 2020

Newbie Forex Trading Tips

Fabian FabianLatest News / Latest News / NewsLeave a comment

Newbie Forex Trading Tips

When you are new to the world of FX trading, things can be quite exciting. However, it can also be quite the intimidating experience.

There is no doubt about the fact that the prospect of making thousands in profits is alluring to many. But, there’s also no doubt that that the prospect of losing thousands of dollars is quite scary. That is what we are here for today, to provide you with the most valuable newbie Forex trading tips around.

No, being a beginner in the world of Forex is certainly not easy, and it takes a good deal of work to get to a level where you can make consistent and healthy profits.

However, if you follow all of the newbie Forex trading tips that we have outlined below, your chances of success will increase drastically. It’s all about trading the right way and avoiding certain things too. Today we are here to discuss all of the things which you should avoid doing in your FX trading journey.

Newbie Forex Trading Tips

Newbie Forex Trading Tips

Right here, we have 6 of the most valuable newbie Forex trading tips around. These hints and tips are all things which you should avoid doing at all costs. If you manage to avoid these 6 things, your chances of being a successful and profitable FX trader will increase exponentially.

 

Don’t Use Short Timeframes

When it comes to newbie Forex trading tips, one of the big DON’TS here is to never try trading with very short timeframes. Sure, short timeframes can be extremely lucrative, but you do have to know what you are doing. The fact of the matter is that trading the shorter timeframes can be very stressful.

Due to the trades only being open for short periods of time, the level of stress is very high. You have to keep an eye on all open trades at all times to ensure that everything is going to plan. Longer timeframes can still be very profitable to trade, butt they are also more stable, safer, and much less stressful to keep track of. As a newbie, start out by trading the longer timeframes.

Don’t Overtrade

Another great newbie Forex trading tip for you to follow, another big don’t, is to not overtrade. Sure, a professional trader with lots of experience might be able to handle having 10 trades open at once, placing 25 trades per day, and trading with large lot sizes.

However, it takes a whole lot of skill, effort, and experience to be able to manage this. Trading at such high volumes with large lot sizes is very risky. The more trades you have open at the same time, the harder it is to keep track of everything. oHowH

If you are new to FX trading, like very new, you should not execute more than 5 or 6 trades per day, and you should definitely not have more than 2 or 3 active positions open at once. This way, it becomes much easier for you to keep track of everything.

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL 

Andrew’s Trading Channel

Don’t Try to Learn Everything at Once

Another big mistake which beginner traders make is to try and learn everything at once. When it comes to newbie Forex trading tips, one of the biggest ones we can give you is to take things slowly. There is just no point in trying to cram a ridiculous amount of information into your head all at once.

This is a great way to ensure that you won’t retain any valuable information. If you try to learn too much all at once, chances are that you won’t actually learn anything at all.

Start off small, learn some basic terms, facts, and theory, and slowly move on to learning about indicators and trading strategies. Master a couple of indicators and successful trading strategies first, gain some experience, make some money, and then go from there. Folks, this is a marathon, not a sprinting race.

Don’t Make Things Too Complicated

In terms of newbie Forex trading tips, something else you want to avoid doing is making things way more complicated than they have to be. Sure, there are some really awesome trading strategies out there that involve multiple indicators and analysis tools. These are designed for the pros.

When you first start off with FX trading, there is no reason why you should not keep things simple. Just learn about a strategy that uses one or two simple indicators, and then go from there. Overcomplicating things will only result in a huge headache.

Don’t Try News Trading

Something that can be quite profitable is trading the news. Great Forex traders can read news reports and make profitable trades based on them. Sure, it definitely sounds quite easy, but it is not, far from it in fact. One of the most valuable newbie Forex trading tips for you to follow is to avoid news trading until you have gained more experience using simple indicators and other strategies.

Don’t Keep Trading in the Face of Constant Losses

The last of the newbie Forex trading tips we want to give you is that if you are constantly losing trades, it’s time to take a step back, revaluate your plan, and learn some new skills. There is no point to trading if you are just hemorrhaging money.

Newbie Forex Trading Tips – Final Thoughts

The bottom line is that if you follow all 6 of the newbie Forex trading tips as outlined here today, you should be able to make it big in the world of Forex. Of course, there is whole lot to know when it comes to trading currency pairs. There is truly no better way to become a pro trader than by learning from the best.

If you truly want to become the best of the best in the world of FX, we would absolutely recommend joining the Income Mentor Box Day Trading Academy. It’s by far the best, most comprehensive, and cost effective Forex trading school around. Also, check out Andrew’s Trading Channel on YouTube for daily hints, tips, updates, new trading strategies, live FX trading, and more.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

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Gold Trading Tips for Success

Fabian FabianLatest News / Latest News / NewsLeave a comment

Gold Trading Tips for Success

OFFICIAL SITE: INCOMEMENTORBOX.COM

Gold is one of the most popular things out there to trade, which is why we’re about to share some great gold trading tips. To be exact, the man who will be educating you on this manner is none other than Andrew from Income Mentor Box.

Andrew just released a brand new trading tutorial that features some of the best gold trading tips out there. As you are about to see, following these tips and with his strategy, you can easily make thousands of dollars.

Gold Trading Tips

 

Gold Trading Tips from Andrew

The main thing we want to take a look at here today is the great tutorial video which Andrew just uploaded. This video comes complete with one of the best gold trading tips out there, or a strategy to be exact. As you will see in this particular trading tutorial, Andrew puts to use a truly awesome AUX/USD trading strategy.

Now, this is not the easiest strategy in the world to master, especially for newbies, but it is definitely doable. We absolutely recommend watching this video as it comes with some truly awesome gold trading tips. Folks, Andrew made over 8,400 Euros trading with this exact strategy. Yes, it might take you some time to understand and master it, but with time, there is no reason why you cannot trade using this same strategy.

Lot Sizes

When it comes to gold trading tips for success, this is one of the biggest ones for newbies out there. Something to keep in mind when trading things like gold is that you always want to stick with relatively small lot sizes. For short term trades, it’s all about opening up fairly small positions. For longer term trades, you can open larger lot sizes.

However, for newbies trading gold for the first few times, it’s definitely recommended to stick with smaller lot sizes. You still have a good chance to make profits, but your risk of loss is minimized. In the event that you do lose money, with a small lot size, at least you won’t lose too much.

Cycles

Something you always want to do when trading gold is to pay attention to cycles. If you know anything about the market, you should know that often moves in a circular or cyclical fashion. It’s important to know what these cycles look like, when turning points in these cycles occur, and what it means for your trading when this happens. When it comes to gold trading tips for success, being familiar with market cycles is very important.

The Importance of Indicators

Something that you definitely need to be familiar with when it comes to gold trading tips are indicators. Yes, in trading, you need to use indicators to make the right trades. You need to know what the best indicators for gold trading are and how they work.

Generally speaking, some of the best indicators for trading gold include the RSI and Stochastic. These indicators tend to provide the most accurate analysis of prices and what future trends will look like. If you plan on trading gold regularly, you definitely want to familiarize yourself with these indicators.

A Word on Moving Averages

Something that you should be aware of when it comes to gold trading tips is that moving averages are hit and miss. Yes, some people do rely on moving averages to trade gold, even exponential moving averages.

However, you need to beware that these can be problematic. If a moving average works for a market in the past, then it is likely to work in the future. However, if a market has been ignoring a moving average, chances are that it will not work for you either.

Keep New York in Mind

Something that you should always do when trading gold is to keep New York in mind. This is because the peak liquidity for gold usually always occurs during New York trading hours. It is usually best to trade during New York trading hours.

Trades made during these peak hours offer a high level of liquidity with a comparatively low volatility rate, thus allowing for fairly consistent and safe profits. If you trade outside of New York hours, there is less liquidity but more volatility, which can be good for profitable short term trades, although it can also be very risky.

Geopolitical Implications

In terms of the best gold trading tips for success, something you always need to consider are the geopolitical ramifications on the market.

Gold is very strongly correlated with the USD, which means that if you know what is happening with the USD, you can make a good guess as to what will happen with the price of gold. Opening positions, such as AUX/USD can be a very safe way to trade because it’s all quite predictable.

Tracking Demand

If you are looking for the best gold trading tips, here is another great one. Gold is a physical thing, and there is a certain supply of it and a certain demand for it. The simple laws of supply and demand need to be adhered to here.

If a massive gold deposit was just found somewhere on the planet, due to such an increased supply, prices are likely to decrease. However, if there is a huge increase in demand for gold all of a sudden, the price of it will increase. If you can see these events happening, it will make your trading of gold much easier and more reliable.

 

Real Estate Interest Rates

The other thing to pay attention to here has to do with real estate interest rates. When real estate interest rates increase, the price of gold usually decreases, and vice versa. For example, if real estate interest rates are above 2%, most would recommend selling gold.

 

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL 

Andrew’s Trading Channel

Gold Trading Tips – Final Thoughts

The bottom line is that with these gold trading tips, you can find a lot of success in the market. We would recommend joining the Income Mentor Box Day Trading Academy for the best education and tips that the world has to offer.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Income Mentor Box

The Income Mentor Box Academy

Fabian FabianLatest News / Latest News / NewsLeave a comment

The Income Mentor Box Academy

OFFICIAL SITE: INCOMEMENTORBOX.COM

If you are sick and tired of losing trades and hemorrhaging money, it might be time to check out a trading school such as the Income Mentor Box Day Trading Academy. The fact of the matter is that day trading is not easy. This applies to all forms of trading including Forex, stocks, crypto, indices, and more. Simply put, trading is risky and it’s not something you can just do successfully one day.

It takes a whole lot of skill, knowledge, patience, and experience to trade something like Forex, and actually make a profit doing so. As a newbie trader, you might be tempted to just take your chances and risk it all. However, this is not recommended, not when there are great educational resources around such as the Income Mentor Box Day Trading Academy.

This is a world class day trading school that consists of a full length and totally comprehensive curriculum. This is all about helping aspiring day traders hone their skillset and knowledge base, so you can all become professional and profitable traders. Today we want to take a closer look at the Income Mentor Box Academy, the man in charge of it, and what it can do for you.

Income Mentor Box

Income Mentor Box Day Trading Academy

Alright, so right now we want to take a much closer look at this Income Mentor Box Day Trading Academy and what it’s all about.

 

What is it?

In simplest terms, think of this as an online school for aspiring day traders. The whole point of Income Mentor Box is to help teach you how to trade the right way, to trade profitably, and efficiently.

This is a fully comprehensive trading school that will teach you all about Forex, stocks, crypto, and more. The end goal of this school is to help you quit your day job, to help you become a profitable and sustainable trader from home.

What does it Offer?

The Income Mentor Box Day Trading Academy offers a variety of resources to help teach you the ins and outs of day trading, particularly Forex, but other markets too.

Here, you will get access to over 55 full length lessons which are spread out across 5 training modules. Each lesson is full length, usually around 15 to 30 minutes long, and each lesson is truly comprehensive too. Each lesson focuses on a specific aspect of day trading.

It starts out with the basics and then slowly moves through the more complex aspects. Here you will learn all about basic terminology, functions, oscillators, indicators, trading strategies, and everything in between.

In fact, there is more as well, because when you join Income Mentor Box, you will also gain access to the IMB Forex signals service. Here, you will get up to 12 daily Forex signals provided to you. All signals come complete with all of the necessary info to place trades. You simply have to copy and paste the signals into your broker or trading platform, and watch as the profits roll in.

Who is it for?

The Income Mentor Box Day Trading Academy is ideal for all people. Now, sure, in theory it is designed for newbies and greenhorns, for people who don’t have any or much trading experience. The whole point here is that all IMB course materials are designed to be super easy to understand.

All lessons and materials are designed in such a way so that even newbies with zero experience can easily grasp all of the materials. It’s all about helping you learn how to be a profitable day trader in as easy a way and in as little time as humanly possible.

Income Mentor Box

Who is the Mentor?

Something you might be wondering about Income Mentor Box is who the mentor himself is. His name is Andrew. A. He has been engaged in the world of day trading in one form or another for the past decade, or even longer actually. He does not claim to be some sort of guru, as he is quite humble, but the fact of the matter is that this guy knows what he is talking about.

There is really nobody who we would rather learn about day trading from than him. Andrew is also known from his YouTube Channel (Andrew’s Trading Channel), as well as from Andrew’s Trading Channel on Telegram. He is knowledge, he is always ready to help, and he makes learning about Forex and other forms of trading quite fun too.

Income Mentor Box

What’s the Cost?

In case you are wondering about the cost of the Income Mentor Box Day Trading Academy, it comes in at a cool $299. People, $299 might seem like a whole lot of money, but when compared to other day trading schools of equal quality, it’s a fraction of the cost.

Other day trading schools can cost literally thousands of dollars. Also, keep in mind that the payment for IMB is onetime payment with absolutely no additional or recurring costs. When you join, you become a member for life with lifetime access to all course content.

Income Mentor Box, Andrew, & More

Something that we do also want to touch on here is that if you are looking for a great day trading education, lots of tips, up to date news, profitable strategies, and more, we would recommend checking out Andrew’s Telegram Trading Channel. Here is what you get with Andrew’s Telegram Trading Channel.

  • Daily Analytics
  • Information about entry levels and stop loss for trading
  • General trading education
  • Free technical analysis info
  • Free fundamental analysis info
  • Andrew’s best trading strategies (video formats)
  • Alerts for Andrew’s live streams
  • 1 to 2 free trading signals per day
  • Info about stocks, Forex, crypto, commodities, and more

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL 

Andrew’s Trading Channel

Income Mentor Box & More – Final Thoughts

The bottom line is that if you need a fully comprehensive day trading education that is easy to understand and cost effective, Income Mentor Box is the place to be. Also, check out Andrew’s Trading Channel on YouTube and Telegram for even more trading tips, strategies, news, and more.

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

Income Mentor Box