Using the UPSI Indicator to Win Trades

Using the UPSI Indicator to Win Trades

If you are just getting into the world of trading, then you might be having trouble winning trades. The fact of the matter is that trading is of course not easy. This is the case whether we are talking about stock market, forex, or cryptocurrency trading. However, with the right tools in your arsenal, you can place trades and win them on a consistent basis. What we are talking about here today is the UPSI indicator.

This is a relatively new trading indicator that has only been around for about one year. However, in that short amount of time, it has managed to make a massive impact on the trading community. The reason for this is because the UPSI is an extremely reliable indicator that provides you with amazing buy and sell signals that you can then place trades on. It’s an extremely user-friendly indicator that doesn’t take much knowledge to use.

ultimate profit scalping indicator

The UPSI indicator has managed to provide thousands of people with extremely positive results. This is perhaps one of the most profitable and user-friendly scalping indicators on the market at this time. What we want to do right now is to take a much closer look at this UPSI indicator to see exactly what it is and what it can do for you.

The UPSI in a Nutshell

First and foremost, UPSI stands for ultimate profit scalping indicator. In case you don’t know what an indicator is, or what scalping and trading is, then no worries because we will explain both of these things right now. What you of course need to know first is what exactly an indicator is. When it comes to trading, an indicator is a technical analysis tool that is a mathematical calculation based on a security’s price and/or volume.

It’s also important for you to know what scalping and trading is. When it comes to trading Forex, crypto currencies, the stock market, or anything else, profit scalping has to do with placing short term trades that are only open for a short period of time. The trades generally feature very small lot sizes and small investment amounts. The main point of profit scalping is to make very fast and consistent profits without putting too much money on the line.

UPSI

The point here is that the UPSI or the ultimate profit scalping indicator, is a special type of indicator that is designed to provide you with extremely profitable buy and sell signals for those short term scalp trades. What is of course beneficial is that this UPSI is designed to do all of the hard work and heavy lifting for you. It has the ability to provide you with extremely accurate buy and sell signals. All you have to do is to attach it to a specific chart on tradingview.com, and allow it to provide you with signals.

Something that is definitely worth noting about the Ultimate Profit Scalping Indicator is the fact that it doesn’t ever repaint signals. This means that you don’t ever have any old or inaccurate signals that are no longer valid.

UPSI

What you probably also want to know about this Ultimate Profit Scalping Indicator is how profitable it actually is. Well, based on the results that it has managed to achieve for thousands of people so far, we know that it is around 90% accurate. This means that you should be able to win at least nine out of every ten trades that you place using the signals that are provided to you by the UPSI. This is an extremely high accuracy rate, and it makes it nearly impossible to not make money.

Three Components of the Ultimate Profit Scalping Indicator

What is important to know about this Ultimate Profit Scalping Indicator is that it actually comes with three separate components that will help you win trades.

The first of these three components is the trend component. This is the main component that provides you with extremely accurate buy and sell signals that you can then place trades on.

The second of these three components is called the trend cloud, and this helps traders identify both long term and short term trades.

The third of these three components is the volume indicator, and this is very useful because it provides you with information about the overall activity and momentum of a certain asset that you are looking to trade with.

As you can see, in terms of providing you with useful and actionable bold information that you can place trades on, that UPSI is definitely one of the best indicators out there at this time.

UPSI

Tips on Using the Ultimate Profit Scalping Indicator

What we want to do right now is to provide you with the most important tips that you need to know to use this UPSI for the best results.

The Best Timeframe

The UPSI is designed for profit scalping, but there is a limit to how small that time period should be. Many people ask if this indicator is better used with a one hour or four hour chart. The answer is that the Ultimate Profit Scalping Indicator does provide you with more solid signals. The lower the timeframe, the more signals you get, but the higher the timeframe, the more accurate they are. Using hourly, four hour, and daily timeframes all work very well.

The Best Assets to Trade With

The fact of the matter is that the UPSI indicator can be used on asset. You can use the ultimate profit indicator on Forex charts, stock market charts, cryptocurrencies, commodities, and much more. Just don’t use the UPSI for very exotic foreign currency pairs or very new and upcoming crypto coins. You are best off trading the major Forex pairs, the biggest crypto coins, and popular stocks.

The Best Time to Enter Trades

Ok, so as tends to be the case with market trading, you are best off using the UPSI during major market hours. This means that you want to use it mostly between 9 AM and 7 PM GMT. In terms of how fast you want to act on the signals that the Ultimate Profit Scalping Indicator provides you with, the answer is right away. The faster you place trades on the signals that you are provided, the better the chances of it being profitable. You can also enter the trade a few bars after the signal, but the sooner the better.

Exiting Trades

When it comes to using the UPSI, people are also wondering what the best method for exiting trades is. People are wondering whether they should wait for the opposite signal as a confirmation to close the trade, or if they should use stop loss and take profit. If you are a very experienced trader, when you place a buy trade, you can look for the next levels of resistance, and then use that to close out your trade. Using support and resistance is generally a great way to close out trades.

Getting Signals

What you also need to know about this UPSI is the fact that it does come complete with an alert system. You can set up alerts for various assets, so that you will be notified whenever signals come out that you can place trades on. You can set this alert system to activate on your computer, your mobile phone, or anywhere else. The bottom line is that you can always trade with the most accurate and newest of signals.

Cost of the UPSI

OK, so the reality here is that the UPSI is of course not free. It does cost you some money. However, this awesome indicator that can lead to you making thousands of dollars per day costs just $299. This is a one time payment, and there are absolutely no additional, hidden, or recurring fees of any sort. This is a one time payment of $299, and you will have full, unlimited, and lifetime access to this awesome ultimate profit scalping indicator.

Now, with that being said, you can also get the Ultimate Profit Scalping Indicator included with your membership in Stock Trading Mentor Box. Stock Trading Mentor Box is at this time the number one rated stock market trading school in the world. This is the absolute best place to be to learn how to trade the stock market, as it features a fully comprehensive curriculum that consists of well over 50 full length and easy to understand tutorial videos.

If you want to learn how to be a profitable stock market trader, then Stock Trading Mentor Box is the place to be. Keep in mind that a membership in Stock Trading Mentor Box costs $399, which is $100 more than the UPSI alone, but a comes with the UPS I included with your membership. This way, you get to learn how to be a profitable and proficient trader, while also having access to what is now one of the world’s best scalping indicators.

The UPSI for Easy Trades – Final Thoughts

The fact of the matter is that if you want to make your life as a trader easier and more profitable, than using an awesome indicator such as the UPSI is definitely a way to go. At this time, when it comes to scalping trading, the Ultimate Profit Scalping Indicator is the best of its kind. Remember that you can also get it as an extra in its Stock Trading Mentor Box, and if you enroll in Stock Trading Mentor Box, then you get a great deal on both education and the indicator.

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Stock Trading Mentor Box Direct Link

Best Forex Signals for Easy Profits

Best Forex Signals for Easy Profits

Trading forex is not easy in the least. It takes a whole lot of skill, knowledge, and practice in order to be able to trade forex profitably. Now, with that being said, there are some tools that can help make your life as a forex trader much easier. One of these tools is a Forex signals service. For those of you who don’t know what a forex signal services, no worries because we will explain this in great detail below.

The bottom line here is that if you are still in the process of learning how to trade forex, but you want to make profits while doing so, then a good forex signals group is what you need. Generally speaking, these signals group allow you to simply copy and paste profitable trades into your trading platform of choice and watch as the profits accumulate.

With that being said you do need to find the right signals group in order to actually profit, because not all of them actually work. Many of these so-called profitable signals groups are actually dressed scams that don’t provide you with any useful information and it will just lead to you losing trades. So, what we want to do today is to take a closer look at the best forex signals group around. However, it doesn’t end there, because we will also be talking about where you can find the best cryptocurrency signals and more.

Best Forex Signals with Income Mentor Box

The first thing that we want to take a look at is the Income Mentor Box Forex singles group period now, for those of you who don’t know, Income Mentor Boxes at this time one of the highest rated day trading academies in the world. This is the best place to be if you want to learn how to trade forex and the stock market period now, it does focus mostly on forex trading, but there are also some very valuable stock market trading tips as well.

If you want to learn how to trade forex from the ground up, and you need a good foundation of knowledge that you can then build upon even further, then Income Mentor Box is definitely one of the best places that you can be. However, the education provided by this service is not really what we are here to talk about today.

Best Forex Signals

What we are here to talk about is the Income Mentor Box forex signals group. Here you will find the best forex signals around, which in this case are ideas or tips that come from expert traders and expert analytical programs. In other words, you are provided with all of the information that you need to place profitable forex trades.

Best Forex Signals

All of the signals that come your way come complete with both entry points and exit points. this means that you literally just have to copy and paste the signal that you received in your broker or trading platform of choice and watch as the profits accumulate. This definitely helps make life a whole lot easier because all of the signals are well analyzed and researched, so there is no heavy lifting or hard work to be done on your end. It’s literally just a copy and paste job.

In case you are wondering, here you will get up to a dozen high-quality signals per day. Keep in mind that these forex signals are accurate well over 90% of the time period this means that you can win 9 out of every 10 trades placed with them, and this of course means that you will make profits on a daily basis. With a 90% accuracy rate, not making profits is nearly impossible.  

Do also keep in mind that joining the Income Mentor Box day trading Academy usually costs $299 comma and yes comma this does include the forest signal service for free period. However, thanks to the Income Mentor Box Black Friday sale, the cost of joining this Academy and getting the forex signal service for free is now just under $150.

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

 

Best Crypto Signals with Crypto Mentor Box

OK, so I may focus up today what’s the forex signals group from Income Mentor Box. However, if you happen to want to trade cryptocurrencies in the same way, then there is a great cryptocurrency signal service out there too. It comes from the same people, and it is called Crypto Mentor Box.

Crypto Trading Box

Crypto Mentor Box is at this time one of the highest rated cryptocurrency signals group out there. Just like with the above signals group that we talked about, this one also provides you with up to 12 high quality cryptocurrency singles per day, ones that are accurate up to 95% of the time. With a 95% accuracy rate, not making profits is once again, nearly impossible.

All of the signals come completely analyzed and research for you, and they come complete with all of the information that you need to simply copy and paste them into your broker or trading platform of choice. The signals come complete with entry points and exit points, so there is absolutely no hard work or guessing that you need to do.

It’s a really easy way to make money trading cryptocurrencies period now, let’s keep in mind that Crypto Mentor Box usually cost $299, but thanks to the Black Friday sale, it is now just $150 for a limited amount of time period as a bonus, also keep in mind that Crypto Mentor Box comes complete with a basic education for cryptocurrency traders. It will teach you all the basics that you need to know in order to trade cryptocurrencies profitably.

CLICK BELOW: GET YOUR CRYPTO TRADING BOX SIGNALS TODAY!

 

Best Stock Signals with UPSI

If what you are looking for is a great indicator that can provide you a profitable buy and sell signals for the stock market, Forex, and all other markets, then what you should check out is the UPSI or ultimate profit scalping indicator.

UPSI

This is a super profitable and easy to use indicator that can provide you with extremely profitable signals when it is attached to the appropriate chart in your trading platform.

Signals

It’s not exactly a signal service, but it is one of the best indicators out there. This indicator usually comes included with Stock Trading Mentor Box, one of the best stock market trading schools in the world, and if you are looking for both a good indicator and a stock market trading education, then we definitely recommend joining.

Do keep in mind that currently the price of Stock Trading Mentor Box and the UPSI is just under $200, which is the sale price for black Friday, but the usual price is $399. That being said, you can get the UPSI alone for just $149.50 at this time, which is the Black Friday sale price, marked down from $299.

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Stock Trading Mentor Box Direct Link

Best Forex Signals Group & More – Final Thoughts

Without a shadow of a doubt, the best Forex signals group around is the IMB signals group, and if you’re looking for the best crypto signals, they can be found and Crypto Mentor Box. Whether you need the best Forex signals, crypto signals, or just a really good indicator for short term profits, you now have all of the resources you need at your disposal to realize this dream.

Mentor Box 50% Off Black Friday Sale

Mentor Box 50% Off Black Friday Sale

BLACK FRIDAY SALE LINK: CLICK HERE

Yes folks, it’s that time of year again, Black Friday. Well, the big bulk retailers any online stores aren’t the only people having a Black Friday sale. Mentor Box, the source for all of your best trading educational needs, is currently also having a Black Friday sale.

Mentor box includes a lineup of awesome trading schools that will teach you how to be a professional and profitable trader period now, these usually cost a decent amount of money, although they are not overly expensive to begin with. With that being said, with this Black Friday sale, everything is now 50% off.

Folks, that is right, this Black Friday sale means that all mentor box products are 50% off. Of course, this sale is not going to last forever, so you need to take advantage of it while it lasts. Let’s take a closer look at exactly what you get for 50% off and what it all entails. There are four specific things that you now have the ability to buy for 50% off for a very limited time.

Black Friday Sale Mentor Box

Black Friday Sale at Income Mentor Box

The Income Mentor Box Day Trading Academy is regarded as being one of the best day trading schools in the world. This day trading school focuses mainly on forex trading, but will also teach you some valuable stock market trading techniques as well.

This course consists of well over 50 full length lessons, and they all consist of in depth video tutorials led by none other than Andrew himself.

Black Friday Sale

Between the 50 full length lessons and the various other resources at your disposal, this Income Mentor Box Day Trading Academy will teach you how to become a proficient and profitable trader. Let’s not forget that it also comes complete with a highly accurate forex signals group, one that provides you with up to a dozen forex signals per day, ones that are accurate up to 95% of the time.

Income Mentor Box

Lifetime access to income mentor box usually costs $299. However, with this 50% off Black Friday sale, you are looking at just over $149. People, being able to get a fully comprehensive forex education for under $150 is an extremely good deal.

 

Black Friday Sale at Stock Trading Mentor Box

The next thing that we want to talk about in terms of this 50% off Black Friday sale is Stock Trading Mentor Box. This is at this time rated as being one of the best stock market trading schools in the world. Just like with the above trading school, this one also consists of over 50 full length lessons that are lead by none other than Andrew himself.

Andrew is of course a fantastic trader, and he makes for an even better teacher too. He has the skills and the patience to teach even the grief of newbies exactly how to trade the stock market. Within this course, you will learn literally everything that you need to know about the stock market in order to be a proficient and profitable trader for the rest of your life.

Black Friday Sale

In terms of educational content, this is one of the most comprehensive stock market trading schools in the world. Let’s not forget that stock trading mentor box also comes with a free trading indicator included, one that is called the ultimate profit scalping indicator.

Now, usually, this stock trading mentor box school would cost $399. However, with this 50% off Black Friday sale, you are looking at a price of just under $200. Once again, being able to learn how to be a proficient stock market trader for under $200 is an absolutely fantastic deal.

Stock Trading Mentor Box

 

Black Friday Sale at Crypto Mentor Box

This Black Friday sale also applies to Crypto Mentor Box, which is one of the best cryptocurrency signals group in the world. This signal group will provide you with up to a dozen cryptocurrency signals for day, and they are accurate up to 95% of the time. For those of you who don’t know, as signals group provides you with all of the information you need to place profitable trades without actually having to do any research or heavy lifting whatsoever.

Black Friday Sale

All of the signals come complete with entry points and exit points, so all you have to do is copy and paste the trades into your trading platform or broker of choice, and watch as the profits roll in. Let’s not forget that Crypto Mentor Box also comes with a basic crypto currency trading course. Therefore, you can learn how to trade crypto currencies as you copy and paste profitable trades.

Usually, this crypto meant for box singles group would cost $299, but with this 50% off Black Friday sale, you are looking at the price of just over $149. People you can make back that $149 in a single day of trading with these awesome signals.

Black Friday Sale

 

Ultimate Profit Scalping Indicator 50% OFF

The other awesome trading resource that you can benefit from is called the Ultimate Profit Scalping Indicator. Yes, this indicator does come included with Stock Trading Mentor Box, but you can also buy this Ultimate Profit Scalping Indicator separately.

Black Friday Sale

Usually, this Ultimate Profit Scalping Indicator will cost you $299, but with his 50% off Black Friday sale, it will cost you only $149.50. In terms of useful indicators that can provide you with accurate buy and sell signals that you can then place trades on, is UPSI is hands down one of the best. What is the most accurate trading resources out there that can help put money in your pockets on a regular basis.

 

50% OFF EVERYTHING!

Folks, whether you want to learn to trade forex, the stock market, cryptocurrencies, or you just need an awesome profit scalping indicator, or even just a cryptocurrency signals group too, then now is the time to take advantage of the 50% off Black Friday sale.

These rock bottom prices will allow you to become a profitable trader without having to spend barely any money at all. Being able to receive a full time stock trading or forex trading education for well under $200 is nothing to turn your nose up at. This Black Friday sale is the best deal that you are ever going to get in this regard.

CLICK ON IMAGE BELOW TO TAKE ADVANTAGE OF THE 50% OFF BLACK FRIDAY SALE AT MENTOR BOX TRADING. 

The Basics of Bollinger Bands

The Basics of Bollinger Bands

If you are just getting into the world of trading, weather stocks, forex, or anything in between, one of the most important things you need to know all about are indicators. Indicators are a special set of trading tools designed to provide you with a variety information about the price and the value of a specific security, currency, or more. There are four main types of indicators out there, and these include momentum, trend, volatility, and volume indicators. What we are here to do today is to take a closer look at one of the best volatility indicators out there, Bollinger bands.

when it comes to gathering as much information as possible about price data, Bollinger bands are extremely useful. Now, understanding exactly what Bollinger bands do and what they tell you is a bit complicated. However, this is what we are here to explain to you today. Today, we want to provide you with a crash course of Bollinger bands, and exactly how to use them. Below, we have included one video from Andrew, where he describes the four best trading strategies to use with Bollinger bands. If you master the basics of these Bollinger bands, and you also take a closer look at the strategies discussed by Andrew, your life as a trader should become much easier and more profitable too.

What are Bollinger Bands?

Alright, so first and foremost, Bollinger bands is a volatility indicator. A man named John Bollinger created the Bollinger bands in the 1980s, and he developed a special technique for using a moving average along with two trading bands above and below that moving average. Unlike a normal moving average that has a percentage population, the Bollinger band simply adds and subtracts a standard deviation calculation.

Keep in mind that standard deviation is a mathematical formula that measures volatility. This shows how the price of a currency or a stock can vary from its true value. By measuring the volatility of price, Bollinger bands have the ability to adjust themselves to market conditions. This is something that makes Bollinger bands extremely useful for a variety of traders, because you can find mostly all price data needed in between those two bands.

The Three Components of Bollinger Bands

In order to be able to gather data about volatility, you first need to know what the three main components of the Bollinger bands are. Being able to gather data relies on your understanding of these three main components. The first of these main components is a simple moving average, usually of an intermediate length. This is a simple 20 day moving average and if this is often the default setting. This average can be used for measuring trend and to calculate the other two elements of this indicator.

The second part of this indicator is the upper band, which is a standard deviation above the simple moving average used in this indicator. Two standard deviations is usually the default that is used by most charting software. The third component of Bollinger bands is the lower band, and this is a standard deviation below the simple math moving average, and it is usually 2 standard deviations that is the default.

Bollinger Bands

What They Tell You

Let’s provide you with a better understanding of exactly what the Bollinger band indicator tells you. Most traders believe that the closer the price moves to the upper band, the more overbought the market is, but the lower the price move to the lower band, the more oversold the market is. The main takeaway here is that the further away the bands are from each other, the higher the amount of volatility the market is seeing.

Pros & Cons of Bollinger Bands

Bollinger bands you have both advantages and disadvantages that you need to know about, so let’s take a quick look at these.

Pros

  • When it comes down to it, this Bollinger bands are the best indicators out there for seeing volatility in a trending market.
  • This is one of the most popular technical indicators out there due to its ease of use, it can be easily applied and they can help with identifying trends, volatility, and momentum.
  • Bollinger bands are also great for identifying new and emerging trends at the end of old trends, which makes them an awesome multipurpose indicator.

Cons

  • The only real downside with these Bollinger bands indicators is that they follow recent market movements, and this means that traders might not get signals until price movement is already underway. In other words this is a lagging indicator.
  • Even John Bollinger himself said that this indicator is not completely foolproof, and it should be used in conjunction with other types of technical analysis.

Bollinger Bands

Tips for Using Bollinger Bands

Let’s provide you with some of the most important tips that you need to know about these Bollinger bands indicators, especially when it comes to reading what they tell you.

  • when the bands get separated by a large amount, any existing trend may close due to rising volatility.
  • When the bands tighten together in a time of low volatility, there is a higher probability of a sharp price move in either direction. This could start a trending move. What you also need to do here is to observe the false moves in the opposite directions, and these may reverse before the right trend starts.
  • Keep in mind that the price can go beyond a band of envelope for long periods when there are strong trends.
  • Keep in mind that the prices can bounce within the envelope bands, touching one man and then the other. These swings can be very useful for determining potential profit targets. For example, if the price bounces off the lower band and then passes about the moving average, the upper band then is the profit  target.
  • Keep in mind that you can expect a strong trend continuation if the price moves out of the bands, but if the price moves back inside the band right away, then the suggested strength is negated.

How to Trade with BB

We aren’t going to get into explaining exactly how to trade with the Bollinger bands indicator right now, but we what we do want to do is to provide you with this particular video. In the video that we have included here, Andrew discusses is before best trading strategies to use with this Bollinger bands indicator.

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If you master any one of the trading strategies that Andrew discuss is in this video, your life as a forex or stock market trader should become much easier and more profitable to. If there is one thing that you take away from today’s article, it should be everything that Andrew discusses it within this video.

The Bottom Line on Bollinger Bands

Now that you know what Bollinger bands are, you got one more awesome indicator in your arsenal to evaluate price data, and therefore to place the best possible trades for the biggest profits.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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

Forex Trading Tips for Beginners

Forex Trading Tips for Beginners

If you are a beginner trader, then chances are that you are going to lose a lot of trades, especially if you don’t know what you are doing. The simple reality is that Forex trading is not easy. It takes a lot of practice, skill, and knowledge to be successful in the world of currency trading. This is what we are here for today, to provide you with the most important Forex trading tips for beginners that you need to know.

Now, make no mistake about it, because it is of course important to know all about indicators and proven trading strategies, but it goes deeper than that. Or in other words, there are so many simple tips that beginners can follow to increase their chances of success.

 This is what we are here for today, to provide you with Forex trading tips that you can easily follow and adhere to as a beginner. These few simple tips that we are going to discuss should be more than enough to get you on the right track.

Forex trading Tips

Forex Trading Tips – DO NOT DO THIS!

What we want to do first is to talk about the biggest mistakes that newbie traders make, the mistakes that lead to consistent losses. These Forex trading tips are things that all newbies need to avoid doing at all costs.

Do Not Overtrade

When it comes to important Forex trading tips for newbies, refraining yourself from overtrading is one of the biggest ones of all. The problem with overtrading is that you end up having way too much on the go at once. As a newbie, keeping track of one or two trades is already hard enough, let alone four or five trades. Overtrading and placing tons of trades gets you nowhere if you can’t win individual trades.

Do Not Use Lower Time Frames

Another big mistake that so many newbie traders make is using very low or short time frames for trading. Sure, short time frames are great for pros who know what they are doing and know how to make quick money. However, if you are a newbie trader, then using short time frames is very hard. The reason for this is because short time frames, those charts, they don’t provide you with much info. Placing trades based on just a few minutes of past price movements is not easy. When it comes to Forex trading tips for newbies, those short time frames just aren’t worth it.

Do Not Attempt to Trade the News

Another thing that you need to realize is that trading based off of fundamental news is not easy. Sure, fundamental news analysis is an effective way to trade, but that said, if you are not super familiar with exactly how news events are going to affect future price movements, then it is just not worth it. Judging what the market will do based on some news event is really difficult. Until you have the necessary experience, this is best stayed away from.

Do Not Overcomplicate Trading Analysis

In terms of important Forex trading tips for beginners, one of the biggest things to realize is that you don’t need to overcomplicate things. You don’t need to start using four indicators at once and you don’t need to try and trade like a pro. If you don’t have the skills to execute super complicated trading strategies, then don’t bother. There are plenty of simple trading strategies out there that will do the trick just fine.

Do Not Lose Money Consistently

One of the biggest mistakes that all too many newbies make is to just keep losing money and not doing anything about it. Folks, if the way you are trading is resulting in lost money time and time again, then don’t just keep doing it and think that something is going to change on its own. If you don’t change your approach then your results won’t change either. Doing the same thing over and over again, while expecting different results is called insanity.

Forex Trading Tips – Do This

Now that we have talked about all of the biggest mistakes that Forex newbies need to avoid, let’s talk about the biggest Forex trading tips in terms of the most important things that you need to do in order to profit.

 

Do Learn to Trade First

In terms of important Forex trading tips for beginners, perhaps the most important thing you need to do is to learn how to trade. Folks, this is not something that you can just start doing and be successful at. It just doesn’t work that way. You need a good education. If you want to learn to trade Forex, what we recommend doing is joining the Income Mentor Box Day Trading Academy. It is at this time the highest rated Forex trading school out there.

Forex trading Tips - Income Mentor Box

Do Use Longer Timeframes

Another important tip to follow here is to stick with longer time frames. Try using at least one hour time frames, and preferably even longer. Generally speaking, predicting future price movements is much easier when you have a longer period of past information to work with.

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Do Practice Your Skills First

The other thing that you definitely need to do, perhaps the biggest of all the Forex trading tips for beginners, is to actually practice your skills using a demo account. There are plenty of platforms and brokers out there that allow people to trade with demo accounts. These are live market accounts that use fake money. This way, you can practice your skills under real conditions without having to put real money on the line.

Forex Trading for Beginners

Folks, if you follow all of the Forex trading tips for beginners that we have provided you with here today, your chances of becoming a profitable Forex trader increase drastically. If you take a look at the tips that we have discussed above, you can see that they aren’t anything super groundbreaking or revolutionary. However, tips as simple as these can make a huge difference when it comes to making a successful start in the world of foreign currency trading.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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

RSI Indicator for Newbies

RSI Indicator for Newbies

If you are planning to become a proficient Forex trader, then something that you need to know all about are indicators. Indicators are the most important tools used in trading Forex, stocks, crypto, and everything in between. One of the most important indicators for you to know is the RSI or Relative Strength Index.

For those of you who don’t know, indicators are the cornerstone of technical price analysis. In other words, indicators provide you with important information about past and current price movements. This should of course provide you with a good idea of what price movements in the near future look like. There are four types of indicators out there. These are trend, momentum, volatility, and volume indicators.

Momentum indicators are some of the most popular and useful, which is what the RSI or relative strength index is. What we want to do today is to provide you with some basic information on what the RSI is, how to use it, what it tells you, and more. Let’s get to it and help you trade using the relative strength index.

RSI

What is the RSI?

Ok, so as we have established by now, RSI stands for relative strength index. This is a special type of indicator that was first developed by J. Welles Wilder Jr, who then introduced it to the world in his 1978 book, New Concepts in Technical Trading Systems. Since then, it has quickly become a super popular technical analysis indicator, and for good reason, because it works.

Now, in terms of the four indicator types, the RSI or relative strength index, is a momentum indicator. In other words, it measures how strong or momentous recent price changes were. This is them used to see if a stock or other asset is overbought or oversold. Of course, if something is overbought or oversold, it provides you with valuable information on how to place a trade.

What you also need to know is that the RSI or relative strength index is displayed as an oscillator. This means that it moves or oscillates between values ranging from 0 to 100. It can therefore provide you with valuable information about the bullish or bearish momentum of an asset.

RSI

How to Interpret the Relative Strength Index

Now that you know what the RSI is and what it tells you, it’s also important for you to know how to interpret and read the relative strength index. Of course, if you cannot interpret what you see, then you cannot use it to place profitable trades. In order to use the relative strength index properly, there are just a few important things that you need to know.

So, when the RSI goes past the horizontal 30 level, it is generally a bullish sign, and when it goes below the 70 reference level, it is generally a bearish sign. To put it in simpler terms, if the RSI provides you with a reading of 30 or below, it is an indication that an asset is oversold and/or undervalued. When the relative strength index provides you with a reading of 70 or above, then an asset is becoming overvalued and/or overbought.

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What you also need to know is that during a trend, the RSI can fall into a range or band. When there is an uptrend going on, the relative strength index will stay above 30 and should hit 70 quite often. If there is a downtrend in the works, the RSI should usually never exceed 70, and will often hit the 30 mark, or well below 30.

To provide you with an example, if there is a downtrend, and you see that the RSI does not reach 30 or below, and then also rallies at 70 or higher, it means that a downtrend has weakened and will likely reverse into an uptrend. The exact opposite is the case with an uptrend. Keep in mind that using both moving averages and trend lines is important when using the relative strength index indicator in this manner.

Drawbacks of the RSI

Just like any and every indicator out there, the RSI does also have some limitations that you will be faced with. The biggest issue with the relative strength index is that it can be difficult to separate false alarms and true reversal signals. To provide you with an example, a bullish crossover followed by a sudden decline in stock is a false signal.

What you also need to be aware of is that since this is a momentum indicator, it can stay in the oversold or overbought positions for quite some time after an asset has already achieved significant momentum in the opposite direction. For this reason, the RSI is usually the most useful in an oscillating market where an asset is alternative between bearish and bullish price movements.

Using the Relative Strength Index to Place Trades

Alright, so the fact of the matter is that there are many ways to trade with the RSI. Moreover, there are also many other indicators that you can use along with it. Now, we do really recommend watching the tutorial video that we have included here, because it provides you with perfect guidelines on how to use the RSI.

That said, the most important takeaway from this video is that you want to use support and resistance along with the relative strength index. This will help prevent false reversal signals from occurring, and it will also help you spot those reversal much easier.

For instance, if you see that an asset is undersold at the 30 line on the RSI, then you also want to look for major support lines. These support lines will indicate that a trend reversal is on the horizon and that an uptrend could soon begin. The same goes in the other direction.

Trading with the RSI – Final Thoughts

There you have it people, all of the basics that you need to know about this awesome RSI indicator. We definitely recommend watching all of the videos that we have included here today. Andrew does a great job at explaining exactly how to use the RSI indicator in a variety of ways.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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The Candlestick Patterns Trading Guide

The Candlestick Patterns Trading Guide

If you are just getting into the world of forex trading, then one of the things that you need to know all about are candlestick patterns. Candlestick patterns originated in the country of Japan well over 100 years ago before the western style bar and point-and-figure charts were invented.

In fact, these candlestick patterns were first invented in the 1700s by a Japanese man who saw that there was a link between price and the supply and demand of rice. One of the things that candlestick patterns aim to extrapolate is what the emotions of traders are like. anyway, we will get more into explaining these Candlestick patterns further below.

The point here is that Candlestick patterns are great analysis tools that you can use to place either buy or sell trades, as they show you whether or not there is bullish or bearish momentum in the market. What we are going to do today is to take a closer look at Candlestick patterns and see exactly what they are, how they work, and what the most important ones are that you need to know.

Candlestick Patterns

What are Candlestick Patterns?

In terms of what candlestick patterns actually are, they are at special type of chart that are used by many different traders to determine the possible price movements based on those past patterns. Candlestick patterns are extremely useful for trading because they provide you with a lot of information.

Technically speaking they provide you with four different pieces of information, including the open, that close, the high, and the low of a specific asset throughout a certain period of time like a trader has specified.

Candlestick Chart

The fact of the matter is that trading is more often than not dictated by emotion, even though it shouldn’t be, and this emotion can actually be read in those candlestick patterns. Due to the fact that these Candlestick patterns provide us with such a plethora of information, they are often seen as some of the most useful tools in all of trading.

Now, what can get a bit confusing is being able to identify a variety of Candlestick patterns as well as what they need. as you are about to find out further below, there are many different Candlestick patterns, both bearish and bullish comment and they all tell you something different. The trick is of course to be able to read these patterns and to therefore place trades based on what those patterns tell you.

The Components of Candlesticks

Something else that is definitely important for you to know here is what the different components of candlesticks are. So, once again, candlestick patterns show you the markets open, the high, low, and the closing price for the day. Now, a candlestick has a wide part, which is called the real body.

The real body represents the range of price between the open and the close for the day of trading. If this real body is filled in or totally black, it indicates that the close was lower than the open. However, if the real body is empty that means that the close was higher than the open. Moreover, the wicks of the candles indicate the low price of the day and the high price of the day.

What you need to know here is that when it comes to forex, stock market, commodities trading, and more, the fact of the matter is that these candlestick charts do provide you with more or less the same information as bar charts, but most people find that candlestick patterns are much easier to read than bar charts. In terms of identifying the candles, do keep in mind that most people will shade a down candle red instead of black, and up candles are often shaded green as opposed to white.

Candlestick Patterns

Pros & Cons of Candlestick Charts

Just like everything in trading, Candlestick charts do have both their pros and cons, so let’s take a look.

Pros

  • One big advantage is that most indicators work really well with this type of chart.
  • Candlestick patterns are very aesthetically pleasing and they’re easy to read. this is a very beginner friendly way of trading.
  • What also stands out is that candlestick charts are infinitely customizable, and a single candlestick can represent anytime period of any asset.
  • Candlestick patterns are also extremely accurate because they provide you with so many different types of information, including the highs, lows, opens, and closes inside a given time frame.
  • This is one of the best possible tools for identifying market sentiment and who is in control of the market.

Cons

  • One small disadvantage here is that candlestick charts do sometimes have gaps in them where one candle closes at a certain level but the following candle opens at a different level.
  • These patterns do also have a tendency to cause what is called apophenia, which is a cognitive bias where we see patterns and things that are actually random. Some people may actually see patterns where none exist.
  • Many people make the mistake of thinking that candlestick patterns are all that they need in order to trade accurately. The fact of the matter is that price data alone usually isn’t enough to provide you with enough reliable information to place trades. In other words, do so you have to use indicators.

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Some Basic Candlestick Patterns

What we want to do now is to go over some of the most basic Candlestick patterns out there, and exactly what they needed. Remember folks, the trick to candlestick trading is that you actually need to be able to identify the various patterns that you may see within your charts.

Candlestick Patterns

Bearish Engulfing Pattern

One of the most basic Candlesticks that you may see is called the bearish engulfing pattern. The type of pattern that develops in an uptrend when there are more sellers than buyers. In this pattern, you will see a long red real body that engulfs a smaller green real body. This is a pattern that indicates that the sellers are back in control and the price could continue its decline.

Bullish Engulfing Pattern

On the other hand, we have the bullish engulfing pattern, which is when the buyers outnumber the sellers. In terms of the candlestick pattern, you will see a long green real body that engulfs a small red real body. This shows that the bulls have established a certain amount of control, and the price could continue to go up.

Candlestick Patterns – The Bottom Line

Today, we have provided you with a basic tutorial on candlesticks, but the fact of the matter is that there are of course dozens, if not hundreds of different patterns out there. Stay tuned and come back tomorrow, because we will be doing a part 2, where we will be talking about all of the most common candlestick patterns that you may encounter, and exactly what they mean.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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

How to Start Forex Trading for Beginners

How to Start Forex Trading for Beginners

If you are a beginner who is just getting into the world of forex trading, there are a lot of things that you need to learn in order to be successful. The fact of the matter is that forex trading is not easy, not in the least. It takes many different skill sets in order to be a successful trader in the world of foreign currencies.

Now, when you start trading, chances are that you probably don’t have very much capital despair. This means that every action you take is extremely important because the less money you have the bigger of an effect of losing or a winning trade has on your overall balance.

If you are just somebody who’s just starting trading, you probably have no idea what you are doing, and you have no idea where to start either. Today, we are here to look at one specific video that Andrew has uploaded on his trading channel, Andrew’s Trading Channel. This video is all about how to start forex trading for beginners, especially for those who don’t really have any money. Let’s get to it and teach you the fundamentals that you need to know as a beginner to start forex trading successfully.

How to Start Forex Trading

How to Start Forex Trading for Beginners

What we want to do right now is to talk about the tips and rules that Andrew provided you within this video, all of which are designed to help you start trading Forex as a beginner. We did expand on Andrew’s original video, but with that being said, all of the rules and tips that we are about to share are equally as important. Let’s go through a step-by-step tutorial on how to start trading forex successfully.

It All Starts with an Education

If you plan on being a successful forex trader, then perhaps the most important thing that you absolutely need to do is to go get yourself a forex trading education. The fact of the matter is that there are many different assets and things about forex trading that you need to know in order to be successful.

You need to know all about trading platforms, indicators, charting solutions, trading strategies, technical analysis, fundamental analysis, and much more. The fact of the matter is that it can take many weeks or even months to develop a full skill set that will allow you to be a successful foreign currency trader.

What we recommend doing is taking a look at the Income Mentor Box Day Trading Academy, which is at this time one of the most popular forex trading schools out there. Yes, this trading school is led and taught by none other than Andrew himself, and quite frankly, there is no one that we would rather be learning from than him.

Andrew is a fantastic trader and an even better teacher. The bottom line here is that if you want a chance of being successful in the world of foreign currency trading, then you absolutely need to have a good education.

Start Forex Trading

Try a Demo Account

If you want to start trading for it successfully, then another huge tip that you need to follow is to start using a demo account. Of course, when you first start trading, you are going to lose some trades. this is absolutely normal, especially as a new day trader who has never traded before. There is quite a bit of a learning curve involved here, and it will take a while for you to get over it.

However, just because there is a learning curve and just because you need to practice doesn’t mean that you need to risk real money. The reality is that every good trading platform and broker should come with a demo account option, which is a type of trading account that simulates real market conditions, and also uses real current market conditions, thus allowing you to trade without having to risk any real money.

It’s like a practice version or a trial version of the real thing, but one that is fully functional, and allows you to practice the most important skills. Never start trading with real money before you have spent at least a few days trading with some kind of demo account.

Practice Your Fundamentals

Another thing that you should familiar eyes yourself with if you plan to start forex trading, is fundamental news analysis. Fundamental analysis is one of the leading ways in which forex traders determine which trades to place at any given time.

Fundamental analysis involves analyzing various news events that are related to specific companies, national currencies, or companies, all of which can happen effect on the value of forex currency pairs, or on other assets as well.

You need to be able to use those economic calendars on investing.com, and you need to know what three bull news is all about too. The bottom line here is that if you want to start forex trading, then you absolutely need to know what fundamental analysis is and how to perform it as well.

How to Start Forex Trading

Practice Technical Analysis

if you are planning to start forex trading, then another very important thing that you need to be able to do is to perform technical analysis. Of course, there are literally hundreds of different indicators out there, and they all work in a slightly different way. This means that there are quite literally thousands of different trading strategies that you can utilize.

The bottom line here is that you need to familiarize yourself with the various types of indicators out there, which indicators work best for what trading situations, and what some of the best trading strategies out there are. If you already have a good trading strategy under your belt, your starting forex trading is going to be much smoother.

Practice Makes Perfect

In order to start forex trading successfully, the final recommendation that we want to leave you with today is that you should practice your trading skills for at least 21 days before you start trading with real money.

You can trade either on paper or you can use a demo account, but the bottom line is that you should find yourself being relatively successful when trading with fake money before you start trading with the real thing. There is absolutely no point to start forex trading with real money if you haven’t even been successful with fake demo money yet.

 

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Start Forex Trading Today – Final Thoughts

If you follow the five steps that we outlined above, then your start to Forex trading should be quite smooth and successful. Remember folks, to start Forex trading successfully, having a good foundation of knowledge under your belt is crucial. 

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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

Profitable Forex Scalping on Your Phone

Profitable Forex Scalping on Your Phone

If you plan on being a profitable trader, and one of the things that you absolutely need to learn all about is forex scalping. Moreover, today we are here not only to talk about forex scalping, but also about one of the best scalping strategies out there, mainly one that involves Fibonacci retracements.

Today we’re going to teach you one of Andrew’s best trading strategies, a profitable forex scalping strategy that you can execute on your mobile device. With this particular forex scalping strategy, you can make well over $300 per day using nothing but your mobile phone.

forex scalping - fibonacci

What is Forex Scalping

Before we can get into talking about Andrews best forex scalping strategy using Fibonacci retracements, it’s probably a good idea for us to explain to you exactly what forex scalping is. For those of you who don’t know what forex scalping is, this is a very specific type of trading that involves utilizing very short term trades in order to collect profits from the market.

When it comes to Forex scalping, traders will open positions in the markets and then close those positions within a very short amount of time, often within just mere minutes, or sometimes within mere seconds. The goal of forex scalping is to generate very small profits, but to generate a whole lot of them on a daily basis, with the main goal of minimizing risk while maximizing profitability.

Moreover, keep in mind that forex scalping is a type of day trading or intraday trading, as the trades never last more than a full day, and realistically, they don’t even last for a full hour. It’s all about generating lots of small profits over the course of a comma with the end goal being to accumulate a substantial profit at the end of every day.

forex scalping

 

Pros & Cons of Forex Scalping

Just as is the case with any trading strategy out there, forex scalping does have both its advantages and disadvantages, so let’s take a look at exactly what these are right now.

Pros

  • One big advantage that you get with Forex scalping is that you can bring in regular profits on a daily basis, unlike other strategies where it can take days or even weeks before you make a profit.
  • Another thing that is really beneficial about this type of trading is that you benefit from having a very low risk level per trade. this is because each trade features only a very small position in relation to the overall size of the total trading account. It’s all about only risking very small amounts of money.
  • What’s also nice about this type of trading is that it really doesn’t take much market movement in order for you to make a profit. You only need the markets move a couple of pips in order to make a profit.

Cons

  • One of the major drawbacks with this type of trading is that it can be very difficult to predict what the market will do on a minute to minute basis, which is of course necessary when it comes to super short term forex scalping. However, this is where Andrews Fibonacci retracement forex scalping strategy comes into play.
  • The other slight disadvantage that you get with this type of trading is that you have to be an extremely consistent winner in order to make profits. When trades are this small, your winter loss ratio must be excellent.

Andrew’s Profitable Forex Scalping Strategy for Mobile Devices

OK, so we honestly don’t want to get too deep into explaining this video using our words, because it is a somewhat complicated strategy to utilize, and therefore, it is best for you to learn it by actually watching the video itself.

Have you will see from the video Andrew uses a series of techniques that involved using Fibonacci retracements in order to find the best entry points into trades for forex scalping. For those of you who don’t know what fibonacci retracements are, is a method of technical analysis that helps to determine support and resistance levels. It’s named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace after a portion of a move, before that same trend will continue in its original direction.

We would usually provide you with step-by-step instructions on exactly how to utilize the strategies that Andrew discusses in his videos, but this one is slightly complicated, and you would benefit the most from actually just watching the whole video, because Andrew does everything live on screen. However, as you will be able to see from the video, Andrew is able to engage in Forex trading in a very reliable and accurate way, and it’s all thanks to these Fibonacci retracements.

Remember folks, this particular strategy that involves using support and resistance levels is designed to provide you with the maximum level of reliability, or in other words it’s designed to help minimize the level of risk that you have to engage in one trading.

As you can see from the video, as long as you follow all of the tips that Andrew provides you with, and as long as you follow his strategy very closely, it is more than possible to make $300 per day, or even more, using nothing but your mobile phone, a trading system, and some Fibonacci retracements. When it comes to beginner friendly forest scalping strategies that are easy to master, this is definitely one of the best ones out there. It’s safe, reliable, accurate, and profitable too.

 

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Easy Forex Scalping on Your Phone – Conclusion

If you plan on becoming a profitable forex trader, and you are just a beginner who wants to minimize your level of risk, then this particular forex scalping strategy that involves Fibonacci retracement, is definitely a good way to go with.

That being said, Andrew has plenty of trading videos and guides located on his YouTube channel, and if you are looking for some of the best trading strategies out there, besides this one, then we definitely recommend checking out this channel.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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