Top 10 Forex Trading Tips

Top 10 Forex Trading Tips

When it comes to trading FX, it’s not quite as easy as some people make it out to be. As a newbie, there are quite a few things that you need to learn in order to be successful when trading currency pairs. This is not something that you can just wake up and do one day because you feel like it. It takes the right skills and knowledge to trade FX successfully. Well, today we are here to provide you with some great Forex trading tips.

Today, we are going to talk about the top 10 Forex trading tips that you as a newbie need to keep in mind if you plan on being a successful trader. Now, today we do not want to go over specific strategies or anything like that. These are more general Forex trading tips for newbies, things that you need to know right from the beginning. Let’s get right to it and help turn you into a more successful FX trading powerhouse!

Top Forex Trading Tips

Alright, so below we want to cover the 10 most essential Forex trading tips that you need to keep in mind at all times. Keep in mind that some of these are combination tips, so you won’t actually see tips all the way to #10, as some of these tips are a 2 in 1 kind of thing. You will see what we mean. Let’s get to it.

Trading without Researching

One of the biggest mistakes that many newbies make is to start trading with a random broker right away, and using real money too. Folks, the fact of the matter is that there are so many brokers out there, and not all of them are good. Don’t just choose a random broker. Do some research to find out what the best brokers are and what they have to offer you.

Moreover, don’t start trading with real money until you know what you are doing. There is no point in trading with real money if you are just going to lose it. Therefore, one of the most important Forex trading tips for newbies is to start with a demo account where you can trade with fake money, just until you get the hang of it. You want to get a good few weeks of practice in first.

Understanding Accounts, Spreads, & Commissions

Another one of the biggest Forex trading tips for newbies out there, and yes, this is a two part tip, is that you need to understand different account levels, and yes, this then means also understanding spreads and commissions. First off, what you need to realize is that there are different account levels for different types of traders.

Lower account levels often allow for lower lot sizes, less trading, they have bad spreads, and high commissions. The more serious you are about Forex trading, and the more experience you have, the better of an account you want to open with a broker. Of course, high commissions are bad because you end up paying a lot of money for every trade you place. Moreover, you also want to look for good spreads.

Having a Solid Plan

Perhaps one of the worst things that you as a new Forex trader can do is to start trading without having a plan. Yes, having a plan means that you need to be familiar with charts, terminology, spreads, indicators and more. However, the biggest Forex trading tip to gleam here is that you absolutely cannot trade blindly. This is the worst thing that you can do.

You need to know what you are going to trade, when to trade it, and how you are going to go about it, or in other words, what kind of trading strategy you will employ. Part 2 of this tip involves finding a good exit strategy. Of course, making money in Forex is all about when you exit a trade, so an exit plan is a must have.

Determining Your Risk Tolerance

When it comes to the best Forex trading tips around, one of the best ones out there might be this one, that you need to determine your own tolerance of risk, and you then also need to protect yourself. Simply put, you need to know how much to invest per trade, and how many trades you should place per day. This is particularly important if you have a small trading account.

If you visit the official Income Mentor Box website, you will actually get a free eBook which discusses how to determine what your risk level is. The main point here is that you need to gauge the level of risk vs the potential reward, and if you can afford to risk XX amount of money.

This is all about protecting yourself and protecting your account balance. When it comes to protecting yourself from losses and unnecessary risks, make sure to have a solid trading strategy and don’t forget to set those stop losses either.

Emotions & Patience

In terms of the best Forex trading tips, something else to keep in mind here is that trading is all about just that, your mind, not your heart. If you trade with your heart and you let emotions cloud your judgement, things are not going to go well for you, not at all.

Emotional traders are risky traders, and risky traders are prone to losing money. Folks, it’s all about being patient, sticking to your strategy, and executing positions when the time is right. Don’t let your anger or frustration get the better of you. Keep a level head, stick to your strategy, and wait for the opportune time to strike.

Best Forex Trading Tips – Final Thoughts

We hope that our Forex trading tips can help you improve your results. If you want to learn more about Forex trading, visit Andrew’s Trading Channel on YouTube. Even better, if you want a full scale education, check out the Income Mentor Box Day Trading Academy.

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Newbie Forex Trading Tips

June 25, 2020August 24, 2020 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

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.

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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.

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Gold Trading Tips for Success

June 10, 2020August 24, 2020 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 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.

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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.

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The Income Mentor Box Academy

June 2, 2020June 4, 2020 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 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.

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.

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

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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!

Best Trading Guides for Beginners

May 29, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Best Trading Guides for Beginners

If you are new to the world of day trading, whether Forex, stocks, crypto, or anything in between, you might be having a bit of difficulty. Yes, trading all of these assets on the market can be extremely profitable. For instance, if you do it right, you stand to make thousands of dollars per day. This is where the best trading guides for beginners come into play.

The fact of the matter is that trading something like Forex is much harder than just choosing random signals and executing trades. You need to have a lot of knowledge, skill, a good deal of patience, and yeah, a bit of luck too. However, if you go into trading without any prior knowledge or experience, you’re bound to lose money.

However, below we want to take a look at some of the best trading guides for beginners out there. All of these guides come to us courtesy of Andrew A. Andy is the leader of the Income Mentor Box Day Trading Academy, plus a large variety of other educational resources too. Today we are here to look at some of his most recent trading guides for newbies, as seen on his YouTube channel.

Best Timeframes for Beginners

One of the most recent trading guides which Andrew released on his channel is all about finding the best timeframes to trade in. Timeframes in FX trading are extremely important to know about. There are 1 minute, 3 minute, 5 minute, 15 minute, 1 hour, 1 day, and so many more timeframes.

Choosing the right ones can be very hard, especially as a newbie. Finding the right trading timeframes can make all of the difference. Check out the embedded video for a comprehensive explanation on choosing the right timeframes for day trading.

EUR/USD Scalping

This is another one of the best trading guides for newbies out there, with this one being all about Forex scalping, specifically using the EUR/USD pairing. Here you will find out all about scalping, what it is, how to do it, and more. In short, scalping in FX trading is all about placing a large quantity of small trades.

The aim is to make lots of small profits. It can be a great way for newbies to minimize risk and maximize profits. The EUR/USD pairing is one of the best to work with for FX scalping. If making lots of small profits each day sounds good to you, then you should absolutely check this video out.

SL & TP Masterclass

Just to be clear, SL stands for Stop Loss, and TP stands for Take Profit. Stop loss and take profit orders are essential to understand if you plan on being successful in Forex trading. Both SL & TP are vital if you plan on maximizing profits, mitigating risk, and minimizing losses.

A well set stop loss order can stop you from losing a full investment in the event that a trade goes south. Moreover, a well set take profit level can allow you to bank profits before things turn around. When it comes to trading guides for beginners, this might just be one of the first ones that you should check out.

Trading NASDAQ for Newbies

The NASDAQ is one of the world’s largest and most popular stock exchanges. Of course Forex is a great way to make money trading currencies. However, there are some really great profit opportunities on the stock market too. Now, trading the NASDAQ does take a bit of skill and knowledge.

This is not something you can start doing blindly. In this particular video, Andrew is going to show you how to use support and resistance levels to trade the NASDAQ. As you will see from this trading guide, Andrew manages to make somewhere in the neighborhood of $5,000 with this trading strategy. S&P500 for the NASDAQ tends to work quite well.

Stock Trading for Beginners

Yes, the previous trading guide was about trading NASDAQ stocks, but of course, there are other stock markets out there too, all of which can provide you with massive profits if you go about trading and investing the right way.

This particular trading guide will provide you with some of the very best stock trading tips out there. If you plan on getting into the stock market, before you do so, you should definitely check this video out. It will provide you with a whole lot of useful info to help get you started.

Generating Full Time Income from Home

What is really interesting about this particular trading guide is that it is all about being able to make profits from home. Some people have day jobs and trade Forex on the side, which is fine, but not necessary.

Real Forex traders can spend their days trading Forex and make more than enough money to live comfortably. It is not necessary to have a day job when you are a pro Forex trader. With this trading guide, you will get some really awesome tips on how to trade Forex full time from home. The point here is to bring you to a level where you don’t have to rely on a menial day job for survival.

Best Trading Guides for Newbies – Final Thoughts

As you can see, Andrew from Income Mentor Box has a great YouTube trading channel, one that comes out with many new videos per week, particularly these trading guides for newbies. Remember folks, nobody stumbles backwards into Forex trading and is an automatic success.

Life just doesn’t work that way. Becoming a professional and profitable day trader takes time and effort. That said, with these best trading guides for beginners, you can speed up the learning process a whole lot and start making good money much sooner.

Remember folks, if you want a truly comprehensive day trading education that covers everything from A to Z, then joining the Income Mentor Box Day Trading Academy is highly recommended.

LEARN TO DAY TRADE LIKE A PRO WITH INCOME MENTOR BOX!

Best Forex Strategies & Tips

May 21, 2020May 21, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Best Forex Strategies & Tips

OFFICIAL SITE: INCOMEMENTORBOX.COM

Andrew’s Trading Channel is here to provide you with some of the best Forex strategies and tips for success around. Andrew himself is the owner of the Income Mentor Box Day Trading Academy, as well as other educational resources too. We really like his YouTube channel because he produces many tutorials and lessons on a weekly basis, all of which can help you become the successful day trader you aspire to be.

Best Forex Strategies & Tips

Here we want to feature a selection of the best Forex strategies and trading tips as outline by none other than Andrew himself. As we stated above, on Andrew’s Trading Channel on YouTube, you can find many new tutorials and trading lessons every single week.

Let’s take a look at some of the best and most recent ones out there. In one way or another, these best Forex strategies tutorials can help put a whole lot of money in your pocket.

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2 EMA + Bollinger Bands + RSI

Alright, so right off the bat, this is going to be one of the more technically advanced FX trading strategies. This one, while it is not designed for newbies, Andrew does do a great job of explaining it thoroughly and in great detail.

When it comes to making substantial daily profits and executing reliable trades that are highly likely to be ITM, then this 2 EMA/Bollinger Bands/RSI trading strategy is a great way to go. Yes, it incorporates 3 different kinds of indicators. This makes it seem quite intimidating. However, in all reality, if you watch the video and pay attention, you should be able to execute this strategy without too many issues.

Best Forex Strategies – Finding Entries & Exits

Of course, when it comes to trading FX, what you definitely need to get the hang of is how to find the best entry points for trades, as well as the best exit points too. Entry points are the points or price at which a trade is entered into. Exit points are the points or price levels at which trades are closed.

If you expect to see any sort of success in FX trading, being able to find and identify the right entry and exit points is crucial. We would absolutely recommend watching this video from front to back. It is one of the most useful and best Forex strategies and tips tutorials which Andrew has put out in a long time.

The London Breakout Strategy

We will leave explaining what this London breakout strategy is to the video itself. Not in a million lifetimes could we explain it any better than Andrew has in this video. However, we do think that it is one of the best Forex strategies around. The reason for this is because it is so highly profitable.

Yes, it can be a bit risky to utilize this strategy, especially as a trading newbie. That being said, as you will find out, this particular method of trading can allow you to make a full day’s income in just a single trade. If you like making large profits through minimal trades, then this is a lesson to keep your eye on.

The Ultimate Oscillator Strategy

When it comes to the best Forex strategies and tips around, something you need to master is how to use oscillators properly. The main point of oscillators is to show when securities are overbought or oversold, but they do have other purposes as well.

These are an integral part of day trading which you should absolutely be super familiar with. In this particular tutorial, Andrew discusses a particular oscillator trading strategy, how it works, and how you can best use it to make great profits. As you will find out here, it’s all about buying low and selling high to make substantial monetary gains.

Best Forex Strategies – Beginner Trading with $200

One of the hardest parts of FX trading is when you are a beginner, you don’t really know what you are doing, and you only have a couple hundred dollars to start trading with. Yes, when you first start out with such little money to spare, trading can be very challenging, not to mention super risky as well.

The less money you have, the harder it all becomes. Well, in this particular one of the best Forex strategies tutorials around, both parts 1 and 2, Andrew shows how you can successfully start day trading with just $200. He will show you how to mitigate as much risk as possible, as well as how to grow that account into something substantial.

9 Biggest Time Wasters

When it comes to the best Forex strategies and tips around, this particular video tutorial is a bit vague. The reason for this is because Andrew discusses 9 specific things which people do to waste time. These particular time wasters do of course apply to Forex trading, but there is so much more to it than that.

These trading tips also apply to every scenario in real life outside of the world of day trading. If you can manage to stop doing these 9 things you can become a much more successful Forex trader, and much more successful in real life too.

6 Major Forex Trading Mistakes

The other video tutorial courtesy of Andrew which we would like to discuss has to do with mistakes. This particular video features some of the best tips around and can go a long way in helping you to create your own best Forex strategies.

Here, Andrew discusses 6 major mistakes which newbies often commit when they first start trading FX. Take a close look at the video. If you mange to avoid these 6 major trading errors, your chances of success and making huge profits will skyrocket drastically.

The Best Forex Strategies & Tips – Final Thoughts

The bottom line is that if you are looking for the best Forex strategies and tips around, then Andrew’s Trading Channel is the place to be. If you are looking for a full scale and comprehensive FX trading education, we would recommend checking out the Income Mentor Box Day Trading Academy.

LEARN TO DAY TRADE LIKE A PRO WITH INCOME MENTOR BOX!

Forex Time Wasters to Avoid

May 18, 2020May 18, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Forex Time Wasters to Avoid

OFFICIAL SITE: INCOMEMENTORBOX.COM

If you want to be a successful day trader, you need to stop wasting time, and Forex time wasters can be detrimental to your success. Right now, we are here to talk about 9 big time Forex time wasters you need to avoid, if you plan on being successful.

9 Forex Time Wasters – STOP IT!

Right now we want to take a quick look at the 9 biggest Forex time wasters out there. These are all things which you need to stop doing. If you do any of these things, you won’t be a truly successful Forex trader. Now, with that being said, today we are not focusing solely on trading per say, but also on life in general. The below 9 Forex time wasters also apply to life in general.

Waiting for Inspiration

One of the biggest Forex time wasters out there is to wait for inspiration, which is also true for life in general. If you constantly sit around waiting for inspiration, you won’t ever actually accomplish anything at all. You are the only inspiration you need.

Sure, you have to pick your moments and execute trades at the right time, but sitting on your hands and waiting for a sign from God is not going to cut it. If you expect to be a successful trader, and successful in life, you need to take action and make your own inspiration.

Worrying About the Opinion of the Sheep

As Tywin Lannister in the popular hit TV series Game of Thrones said “Lions do not concern themselves with the opinions of sheep”. This holds true in real life, in Forex trading, and across the board in general. Sure, listening to professional traders and the advice which they have to give is one thing.

However, taking advice or listening to the opinions of people who have no idea what they are doing is pointless. Yes, everybody has an opinion, but unless their opinion is knowledge and fact based, and very educated, then there is no point in listening to it.

Complaining

When it comes to Forex time wasters, and to wasting time in general, complaining is one of the most severe offences which all too many people commit. Think about it. Where is complaining going to get you?

Absolutely nowhere, that is where complaining will get you. For instance, if you lose some trades, and you complain about it, is it going to change anything? No, of course not! Not only does complaining get you nowhere, but people really hate complainers too. Stop complaining and start taking action to correct your mistakes.

Trying to Please Everybody

Ok, so this one of the Forex time wasters may not apply overly much to trading, but it still does. One of the worst things you can do in general is trying to please everybody. Folks, pleasing everybody is simply not possible. Just look at politics.

There are always people who are going to be unhappy with the decisions you make, no matter what the case. The only person you should be aiming to please or satisfy is yourself. You are the one trading, it is your money being risked, and it is you should come out on top at the end of the day.

Comparing Yourself to Others

When it comes to Forex time wasters, another severe offence is to compare yourself to others. Where is this going to get you? Nowhere! Let’s say you are a newbie to the world of day trading. You don’t make much money and you lose trades fairly often.

You then see professional traders making several thousand dollars per day. It can be super demoralizing to compare yourself to the pros, because it makes you look at feel bad, but there is just no point to it. Sure, it’s fine to learn from the pros to try and emulate them, but to compare your success to there is useless.

Repeating the Same Mistakes

The definition of insanity is to repeat the same mistakes over and over again, and in terms of Forex time wasters, this is a big one. Newbie traders will often keep on making the same errors over and over again without making any real changes to their methods and strategies.

Why would you do this? Sure, if something isn’t broken, then don’t fix it, but if it is broken and not working right, you need to take steps to become better. It’s all about making improvements, not stagnation.

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Perfectionism

Perfectionism is another definite Forex time waster. Folks, even the best and most experienced traders still are not perfect. Even the best of the best still make occasional mistakes and lose trades. A risk of losing is inherent in day trading and there’s just nothing you can do. You can never be perfect, and once you get this through your head, you can start taking pride in the wins that you accomplish.

Fear of Failure

In terms of Forex time wasters, a fear of failure is probably one of the very biggest ones out there. People who are afraid to fail are people who won’t ever be successful. Yes, FX trading can be risky, and there is always a possibility that you will lose some trades. It happens.

While it is OK to work on the side of caution and to take care when trading, not placing trades or taking action due to being afraid to lose won’t get you anywhere. To make it big, sometimes you have to take risks. Such is the nature of life.

Not Living Your Life

The other thing you should not be doing is wasting all of your time trading Forex. Yes, FX is a great way to make money, but it can become very consuming for some people. You still need to live your life!

Forex Time Wasters – Final Thoughts

There you have it folks, 9 Forex time wasters that you absolutely need to avoid. Remember people, these Forex time wasters do not apply just to Forex, but to life in general. It’s time to live your best life!

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Forex Mistakes to be Avoided

May 14, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Forex Mistakes to be Avoided

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Newbies often commit a lot of Forex mistakes in trading, mistakes that can easily be avoided with the right tips. If you want to make real profits in currency trading, these Forex mistakes must be avoided at all costs.

Forex Mistakes: Inaction

One of the major Forex mistakes which newbies often make is that of inaction. Beginners will often be overly cautious and fearful of losing trades. Yes, of course it is reasonable to be fearful of losing money. That said, people, this is currency trading and losing the occasional trade cannot be avoided by any means.

You will have to deal with occasional losses. Therefore, one of the worst things you can do is to not take action when you see a position with a big potential to be ITM or in the money. Sitting on your hands and not trading when there is a good opportunity leads to missed opportunities and missed profits.

Impatience

When it comes to Forex mistakes, on the other end of the spectrum is impatience. No, sitting on your hands and letting opportunity after opportunity slip through your fingers is not good. However, on the opposite side of the coin, impatience is also a big time Forex mistake which all too many people make. Placing a trade just so you have placed a trade should not be done.

If you see a position that does not seem reliable, then don’t place a trade on it. There’s no point in placing bad trades just so you have traded. Wait for the opportune time and strike while the iron is hot. It’s all about finding the right time to execute a trade.

Trading Huge Positions

Yet another one of the biggest Forex mistakes which people make is to trade with massive positions. Now, this may be totally fine if you are a knowledgeable and experience trader who has a lot of money to spare.

However, if you are just starting out in the world of currency trading, you don’t have much experience, and your cashflow is limited, then trading large amounts and big lot sizes is not recommended. If you don’t have lots of skill, then you are more likely to lose trades, and the more trades you lose, the more money you will lose. Therefore, start off small and gain lots of practice, then as your skills improve, this is when you can increase lot sizes and trading amounts.

No Discipline

In terms of Forex mistakes committed by newbie traders, not having any discipline is a big one. You cannot just trade blindly without a plan. You need to know what the best entry points are, where the best exit points are, and you need to set good stop loss levels and take profit levels too.

Moreover, you also need to have a good and time tested trading strategy, something that is proven to win trades. You cannot trade blindly or emotionally. You have to be rational, diligent, and your trading needs to be based on some sort of plan.

Forex Mistakes: A Lack of Knowledge

Yet another one of the biggest Forex mistakes which all too many people make is to trade without knowledge. Folks, currency trading is not easy, not in the least. If you have no idea what you are doing, then you are bound to lose money. That is just the way it is.

This is not like playing blackjack where a lot is left up to chance. Sure, currency trading is a bit of a risky gamble, but it’s a type of gambling that is predictable. With the right skills and knowledge in your arsenal, you can do a whole lot to mitigate risk and to win trades.

It’s all about being aware of the basics of FX trading, what the terms are, how indicators work, and all of that other fun stuff too. Trading Forex without a decent education is like trying to be an astronaut when you can’t even name the planets in our solar system.

Ignoring Stop Losses

Yes, there are lots of potential Forex mistakes out there, but one of the most severe ones is not paying attention to stop loss orders. Stop loss orders are of course designed to automatically close your trades the event that they are losing money.

It’s a good way to stop you from totally losing your full investment amount in a particular trade. However, many newbie traders think that it is OK to ignore stop loss orders and to keep trades open even when stop loss levels indicate that it’s time to cut losses. This is a bad idea. If a trade is going south, it’s always better to cut your losses and start fresh.

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Not Engaging in Risk Management

Folks, never trade with more money than you can afford to lose. In terms of Forex mistakes, it’s one of the biggest ones which people commit. People will often risk way more money than they can afford, which is of course a big problem.

Sure, if you win your trades and you get lucky, you can avoid going bust. However, remember that losses are a part of FX trading, a part that is inherent. You will lose trades every now and again. Even the best FX traders out there lose trades from time to time. If you risk way more cash than you can afford, and a trade is lost, it could take only a single trade totally wipe you out.

Forex Mistakes: Failing to Monitor Positions

The final of the big Forex mistakes you need to avoid is failing to monitor your trading positions. Never open trades and then just let them be. You need to keep an eye on trades. In the even that a trade starts hemorrhaging money, you need to be there to close it. Always keep your eye on all open positions.

Forex Mistakes to Avoid – Final Thoughts

Yes, these are the biggest Forex mistakes which you need to avoid committing. That said, there is nothing better than a comprehensive trading education, which is exactly what the Income Mentor Box Day Trading Academy has to offer.

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Andrew’s Forex Trading Tutorials

May 12, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Andrew’s Forex Trading Tutorials

If you don’t know who Andrew is and if you have never seen any of his Forex trading tutorials, you have no idea what you are missing out on. Yes, being a day trader in the currency market can be and is very hard. If you don’t know what you are doing, or you don’t have the time to trade right, chances are that you will end up losing a whole lot of money. Of course, the whole point of FX trading is to make money, not to lose it.

Well, Andrew’s Forex trading tutorials can help bring you to the next level, to turn you into a professional, knowledgeable, and profitable currency trader. Andrew constantly uploads new Forex trading tutorials with various tips, strategies, and daily alerts which can end up putting money in your pocket. Today, we want to take a closer look at his trading channel on YouTube and discuss some of his latest Forex trading tutorials.

Andrew’s Trading Channel & Forex Trading Tutorials

For those of you who don’t know who Andrew is or what his trading channel is, let’s explain. Andrew is a long time day trader of FX, crypto, stocks, commodities, CFDs, and more. Although he does not like to toot his own horn, he’s definitely a successful and professional day trader.

Andrew has several day trading channels under his belt in various funnels, and he even has his own Forex day trading Academy, the Income Mentor Box Day Trading Academy.

His YouTube channel, Andrew’s Trading Channel is filled to the brim with useful, easy to understand, and full length Forex trading tutorials. These Forex trading tutorials are multi-faceted, they are easy to grasp, and they often provide you with a direct method or strategy to make some serious profits.

The Latest Forex Trading Tutorials

Now that we have discovered exactly what Andrew’s Trading Channel is, let’s take a look at some of his latest and best Forex trading tutorials which he has uploaded for the benefit of anybody who wants to learn how to trade FX profitably.

Forex Trading Tutorials

Forex Trading Secrets

As you may know, Forex pairs can be correlated in nature or they can be inverse. Trading correlated Forex pairs is not overly easy, but it is doable if you have the right information to work with. This is one of the best Forex trading tutorials around when it comes to trading correlated FX currency pairs. This video is all about helping you make money, stopping those losses, and allowing to easily make profits with correlated currency pairings.

A Gold/USD Trading Strategy

Another one of the newest Forex trading tutorials, courtesy of Andrew, is this video about the one of the best gold/USD trading strategies around. As you will see from this particular FX lesson, Andrew managed to increase his value by 400 pips in a single day, all through very easy trading methods. Trading Gold & USD can be extremely profitable, as can be seen here. If you learn how to master this particular strategy, you will definitely start making profits.

Profitable Trading Ideas

When it comes to the best Forex trading tutorials around, this is another great one. Now, this one does not really focus on particular strategies per say. It’s all about a diverse array of profitable ideas in terms of the best currency pairs and the best trading setups for various currency pairs. This is actually one of the more popular Forex trading tutorials which Andrew has released as of late, and it can help you easily find the best setups and trade entry points.

Mobile FX Trading

Here we have another fan favorite of the Forex trading tutorials. The fact of the matter is that you probably don’t have time to sit in front of your computer to trade currency pairs. People have jobs and kids which prevent them from sitting at a desk all day long trading currency pairs. Well, in this particular lesson, Andrew demonstrates some great trading strategies and methods that can help you make profits through Forex trading with just your mobile phone. In particular, this video is about a mobile based Forex trading strategy.

Starting with no Money

One of the toughest things to do as a beginner is to start trading with very limited or no money at all. Of course, to be able to make money trading currency pairs, you need to have money to invest in trades. Things are hard if you have no or little money. It’s a lot harder to start making real profits in FX trading if you don’t have a large account. This is one of the best Forex trading tutorials that can help you make good profits even if you are starting with very limited funds.

Don’t Forget About Andrew’s Telegram Group

Another place where you will receive a lot of great lessons, or at least helpful tips, advice, and even some free signals, is from Andrew’s Telegram group. This is also known as Andrew’s Trading Channel on Telegram. It is held on the Telegram messaging application and it barely costs anything at all. 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

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Andrews Forex Trading Tutorials – Final Thoughts

The other thing that you should know about is the Income Mentor Box Day Trading Academy. This is where you will find a comprehensive FX trading education with the best Forex trading tutorials around.

If you want to be a profitable and professional day trader, there is no better person to learn from than Andrew himself. Whether it is his YouTube channel, his Telegram group, or his day trading academy, this man knowns what he is talking about and he can undoubtedly help to improve your trading results.

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Best New Forex Autotrader!

May 11, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Best New Forex Autotrader!

Trading FX currency pairs can indeed be very lucrative. It’s a huge market with tons of money floating around in it. However, that said, trading FX currency pairs is not easy. In fact, it takes a whole lot of skill, knowledge, and time to be successful with FX trading. However, we are pleased to announce that there is a new Forex autotrader being released soon, one that will make trading much easier.

The fact of the matter is that there are indeed plenty of automated FX trading systems out there. Yet, most of them just don’t work. Some don’t work right and some are simply scams meant to steal your money. It’s unfortunate, but it’s the reality. Now, while we cannot yet tell you the name of this new Forex autotrader, as it’s all on the down low, there are some cool facts about it that we can tell you.

Trading FX currency pairs does not have to be hard or time consuming, especially if you have the right kind of software in your arsenal, such as this new one which is about to be released. It’s going to blow all other Forex autotraders out of the water. This much we know. Let’s take a look at this best new Forex autotrader to see what it’s all about. Here’s a sneak peak.

The New Forex Autotrader

As we said above, unfortunately, at this time, we cannot yet divulge the name of this new Forex autotrader, as well as some other facts too. However, we can provide you with a sneak peak, a few important pieces of info which you might like to know.

This new Forex autotrader is going to work for all of the most popular FX currency pairs, if not all of them. Up until now, most automated apps for FX trading have focused on just a few essential currency pairings, but this is not the case here.

This new autotrader, from what we have gathered, is set to work in combination with the MT4 or MetaTrader 4 platform. This means that this app will be installed directly on MT4, from where it will then place trades on your behalf.

This new FX trading software is set to be fully automated. This means that you literally won’t have to do any work whatsoever. This new application is going to do all of the research and analysis for you, and then automatically execute trades on your behalf based on that analysis.

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New Forex Autotrader Release – Stay Tuned!

The bottom line is that there is a new world class Forex autotrader coming your way. No, as of now, we do not have an official release date, but it is set to be released within the next week or two. Folks, if you are sick and tired of losing FX trades and losing money, stay tuned for more news about the launch of this new Forex autotrader. From what we have gathered so far, it’s going to be one of the best in the business.