The 7 Basics of Forex Strategies

The 7 Basics of Forex Strategies

When it comes to the world of Forex, something you really cannot do without are trading strategies. Yes, Forex strategies are very diverse and there are plenty of them to go around, hundreds in fact. If you plan on actually making a profit in foreign currency exchange trading, you need to have a solid plan in mind.

In other words, you need to have a mastery of various Forex strategies in order to profit. Without the right knowledge, skills, and some solid strategies in your arsenal, chances are pretty big that you will not see success anytime soon. Yes, FX trading is much harder than the pros make it look. Now, today we do not want to focus on specific Forex strategies for profitable trading.

What we want to focus on here are the basic components and the fundamentals which go into creating and using Forex strategies the right way. Specifically, today we want to cover the 7 basic components that you need to prepare for in order to make your Forex strategies work for you.

The 7 Fundamentals of Forex Strategies

Alright, so as we mentioned above, there are 7 vital components to every Forex strategy. More than that, these 7 fundamentals are crucial to master and to keep in mind at all times when you are trading, and this is regardless of the specific strategy you plan on using. If you follow the 7 tips that we have outlined below, you should be able to make any and every Forex trading strategy work to your advantage.

Money Management

Perhaps the most important component that you need to factor into all of your Forex strategies for Trading is money management, which is another way of saying risk management. Of course, the risk of losing money is an inherent part of trading FX, as well as with stocks, commodities, and so much more. What you need to know here is that losing money is inevitable.

No, we don’t mean losing everything, but losing a trade here and there is going to happen no matter how well prepared you are. This is the nature of the game. However, it’s all about how well you manage your money and the risk of it all. In other words, never risk more money than you can afford to lose comfortably, so no using your rent or mortgage money to trade currencies! Don’t use it if you can’t afford to lose it.

Time Management

The next important component of Forex strategies for profitable trading is time management. No, of course, you cannot spend the live long day trading, especially if you have a day job. However, equally as important to know is that profitable traders do spend all day trading, with many being full time traders who make all of their money in the world of FX.

Now, if you have a day job, you will still need to dedicate at least a few hours per day to trading, at least if you plan on being successful. The reason why people who trade for only an hour each day usually are not successful is because they miss the best opportunities. Simply put, you always have to be on the lookout for the best opportunities by keeping an eye on the market whenever possible.

Starting Small

Something that you always need to do, particularly if you are newbie testing out new Forex strategies, is to start off small. By this, we meant that you should stick to the smallest lot sizes possible and never invest a large chunk of cash into any one trade. If you are not yet very experienced, risking so much money is not worth it, especially considering that due to your status as a newbie, things are likely to not go your way.

Therefore, it’s best to start small. Moreover, by starting small, we also mean that you should not place a very large number of trades per day. Just like with anything else out there, it’s all about quality, not quantity. Also, having too many trades open at once makes things hard to track. It’s best to practice with some Forex strategies and master them before you start trading high volumes.

Being Consistent

The next important basic of Forex strategies, no matter which one you use, is that you need to be consistent with it. Now, this only applies if you are using a proven strategy that has shown results in the past, either for you or others.

However, the point here is that you need to keep things the same and constant. If it works, don’t fix it. You need to stick to your plan, especially if it is a good one. Don’t veer off course, don’t let your heart and your emotions tell you what to do, and don’t start changing things up if there is no need. Consistency is key.

It’s All About the Timing

Something else to keep in mind in terms of using various Forex strategies as a newbie is that timing is very important too. As a beginner, it’s best not to start trading right when the market opens up or right when you open up a chart.

As a newbie, you want to take your time, you need to evaluate the best course of action, and you need to strike while the iron is hot. That said, rushing into a trade too quickly is not a good idea. So, if you see a profitable opportunity, take it, but don’t execute lackluster trades just so you have made a trade.

Getting an Education

If you want to learn everything there is to know about Forex strategies, what they are, how to use them, and so much more, it’s best to get educated. FX trading is not something you can just do successfully without any training. It takes a lot of hard work and skill to get to a level where you are profiting on a consistent basis. Therefore, getting a solid Forex trading education is crucial.

Practicing with Demo Accounts

Finally, you do want to get some practice in. There are plenty of brokers and platforms out there that come with free demo accounts where you can trade using fake money. Before you start using new Forex strategies, test them out using such a demo account, just to make sure that you know what you are doing.

The Basics of Forex Strategies – Final Thoughts

There you have it folks, the 7 basics of Forex strategies for profitable trading. Now that you know what these fundamentals are, you can get to mastering some simple Forex trading strategies that will put money in your pocket!

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Swing Trading for Beginners 2020

August 18, 2020August 24, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Swing Trading for Beginners 2020

Today we are here to talk about swing trading for beginners, a little introduction to let you know what it is all about. When it comes to trading the markets, whether stocks, crypto, Forex, or otherwise, making a profit can be very challenging. In fact, making money is much harder than losing it.

What this means is that you need to discover a way to trade that actually works for you, something relatively simple that can put money in your pocket. One type of trading that you might want to familiarize yourself with is swing trading.

Swing trading is a special type of trading, and no, it is not the same as day trading. Swing trading involved executing positions over fairly long time frames, anywhere from a few days to a few weeks.

The point of this type of trading is to make a profit when the price of an asset swings up or down. Sure, there is more to it than this, but this is what we are here for today, to provide you with a little swing trading for beginners 2020 guide. Let’s get right to it!

Swing Trading Explained – The Basics

What we want to make clear right from the beginning is that although swing trading might seem a bit intimidating, it is actually quite easy to master. Most people find that due to the long time frames which positions are open for, it’s actually a much more relaxed way to make money in the markets. For those of you who don’t know, the number one goal of swing trading is to identify market trends and trend reversals, and then to capitalize on them.

The reason it is called swing trading is because the number one goal is to make money when the price of something, say a currency pair, swings up or down. In other words, it is all about capitalizing on the reversal of a particular price in order to make a healthy profit. For the most part, pro traders will stick to intermediate or long time frames, sometimes as little as 3 days, and sometimes as much as a full month, or even longer.

Something else that you need to know about this type of trading is that it involves using a variety of technical indicators in order to identify both trends and trend reversal. More often than not, these trend indicators are used to find trends that occur in the previous 3 to 15 periods of trading. The point of this whole exercise is to identify areas of support and resistant, which can then identify trends and possible trend reversals. Keep in mind that swing trading combines various aspects of day trading with position trading, particularly the speed of position trading.

The goal of using these technical indicators is to find both bullish and bearish trends, and then to look for reversal to those trends. Keep in mind that reversals can also be referred to as counter-trends or pullbacks. Once you have identified a reversal, you can then use various methods to find the ideal entry points for positions. It’s all about entering a trend right before a reversal, and then to capitalize on said reversal.

The 4 Benefits of Swing Trading

Now, you might be wondering why you would engage in swing trading, as opposed to something like day trading. Well, the fact of the matter is that there are a few key benefits to this type of trading that you might not know about.

No Wasting Time

When it comes to other types of trading, such as day trading, as well as scalping, you have to constantly be paying attention to your positions. You need to be glued to your monitor in the event that something doesn’t go your way. However, this is not the case with swing trading.

Due to the fact that the time frames for these trades are so long, you don’t have to constantly monitor your trades. Yes, you do still want to keep an eye on things, but you don’t need to have your account or trading platform open 24/7.

Simply put, swing trading tends to be much less stressful due to the long time frames, and therefore it’s much easier for beginners to keep track of.

Eliminating Market Noise

Another reason why you might want to consider swing trading as your primary method of making money on the market is because it goes a long way in eliminating market noise. No, it does not get rid of all market noise, but it certainly helps.

For those of you who don’t know, market noise is defined as data, financial news, or minor price movements which can distract investors and traders from the underlying value of an asset. This is not a good thing, and the less noise you suffer from, the better your end result will be.

Less Risk & More Reward

Another thing which many professionals enjoy about this type of trading is the fact that it involves slightly less risk compared to a higher reward. Other types of trading, such as day trading and scalping, although they can bring great rewards, are also quite risky to partake in. However, swing trading is less risky and offers great rewards, thus making it ideal for beginners.

Using Technical Indicators

The other reason why you might want to consider swinging your trades is because it relies solely on technical indicators to put strategies together. Using technical indicators, when used the right way, can be extremely reliable, thus increasing your chances of making a profit.

However, there are many other types of trading out there which rely much more on speculation. Speculation is fine if you are an experienced trader, but not if you are a newbie.

Swing Trading Explained – Final Thoughts

The bottom line is that if done right, swing trading can be a relatively safe, stress free, and low risk way to make decent profits. If you would like to find out more about swing trading, we recommend checking out the Income Mentor Box Day Trading Academy, as well as Andrew’s Trading Channel on YouTube!

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Why Choose Income Mentor Box?

August 14, 2020August 24, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Why Choose Income Mentor Box?

OFFICIAL SITE: INCOMEMENTORBOX.COM

If you are new to the world of day trading, chances are that you are intimidated by it, and Income Mentor Box knows this. The fact of the matter is that Forex and other types of trading can indeed be very profitable.

However, there is also the fact that there is a lot of risk involved. You can’t just start trading one day and think that you will make tons of money. In fact, if you don’t have the right training, knowledge, and experience, chances are that you will end up losing tons of money.

That said, getting an education in Forex and day trading in general doesn’t have to be hard. This is where the Income Mentor Box Day Trading Academy comes into play.

You may have heard about the Income Mentor Box Day Trading Academy before. Yet, you may not know if it is worth your money, if it is trustworthy, or if you will actually learn something. Well, today we are doing an Income Mentor Box review to figure out whether or not it is worth your time and money. Should you learn how to day trade from these guys?

A Fully Comprehensive Course

One notable aspect of Income Mentor Box is that when you join, you get access to a fully comprehensive course. Sure, there are other trading schools out there, but many of them are really short, they aren’t comrpehensiver, and they only teach you some basics. This might be fine if you are looking for minimal education, but not if you are a newbie looking to become a pro trader.

With Income Mentor Box, you get access to 5 modules, each with over 10 classes in them, and each class is quite long, some up to 30 minutes or longer. It does start off with the basics and terminology, but quickly moves onto things like indicators, charting solutions, trading strategies, and more. This is one of the only places out there where you can receive a full, comprehensive, and formal trading education for Forex and more.

It Has a Real Leader

Something that many people wonder about Income Mentor Box is who the person behind it is. This is of course a fair question, because there are plenty of so called classes and school out there where the teacher is nothing more than a fraud. In many cases, the teachers simply don’t know anything, which is of course quite the problem. This is not the case here.

The leader of the IMB Day Trading Academy is Andrew. A. Andrew should be familiar to you if you are active online. He has several social media accounts, he has a YouTube channel and more. In other words, this man is the real deal, he is not some fraud or phony character. Take a look at Andrew’s Trading Channel, and you will see that he knows what he is doing. Personally, there are not many people we want to learn from, but he is one of the few.

Income Mentor Box is More than Just Forex

Something else to keep in mind here is that Income Mentor Box is a day trading academy, not just a Forex trading academy. Many people assume that they will only learn how to trade Forex here, but this is not the case. Yes, the focus is mostly on Forex, but you will also learn about trading cryptocurrencies and stocks too.

Free Access to A Forex Signals Service

One of the best aspects of this Income Mentor Box Day Trading Academy is how you also get access to a Forex signals service when you join. For those of you who don’t know what a signals service is, this is a service where you get daily Forex trading signals. These signals come complete with entry and exit points, as well as stop loss and take profit levels which are already set.

All you have to do is copy and paste the signals you get into your broker or trading platform of choice. It’s an easy way to make quick money without having to know much or really do any work at all. This is a huge benefit indeed, and keep in mind that services like these usually cost a whole lot of money.

Income Mentor Box is Cost Effective

One reason why many people love Income Mentor Box is because it’s not overpriced like so many other trading schools out there. Here, you pay $299 one single time, and that’s it. For those of you who don’t know, courses like these can cost thousands of dollars, making this course one of the most cost effective options around.

You Can Take Your Time

The other notable fact here is that you can take as long to complete the course as you see fit. You can take 2 weeks or 2 years. Moreover, once you become a member, you have unlimited lifetime access to all course content, so you don’t have to rush through it.

Income Mentor Box is Easy to Follow

What we personally love about Income Mentor Box is that it is truly designed for newbies. Sure, there is no doubt that experienced traders can still learn some valuable info here, but in all reality, this course caters to newbies. The whole point of it is to be as easy as possible to understand. If you don’t have so much as a basic understanding of Forex and day trading in general, no worries, because you will learn it all right here.

Income Mentor Box Review – Final Thoughts

At the end of the day, we would say that the IMB Day Trading Academy is by far one of the most reliable and successful trading schools around.

It won’t cost you much to join and you will get access to a fully comprehensive educational curriculum that will teach you everything you need to know about trading Forex and more.

There is also the fact that there is a really knowledge, friendly, and accessible leader here, one who makes learning both fun and easy. If you want to start making real money in the world of day trading, we would recommend checking out Income Mentor Box.

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Top 10 Forex Trading Tips

August 13, 2020August 24, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

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

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL

Income Mentor Box & More – Final Thoughts

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

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

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!

Stop Loss & Take Profit Masterclass

May 28, 2020 AndyLatest News / Latest News / NewsLeave a comment

Stop Loss & Take Profit Masterclass

One of the most important things that you as a newbie need to know about Forex trading is the stop loss and take profit dynamic. Both stop loss and take profit orders are integral to all types of day trading. If you expect to be a profitable day trader, whether Forex or otherwise, you need to be familiar with stop loss and take profit. This is what we are here to learn about today.

What is Stop Loss

A stop loss, also simply known as SL, is a certain price limit put on a trade by a trader. When this price limit is reached, the trade will automatically close.

SL is an integral part of the stop loss and take profit dynamic. The point of stop loss is to set it at a certain level below the value of the trade at the entered price.

Therefore, if the value of the trade goes down by a certain amount, once it reaches the price set in your stop loss order, the trade will automatically close. This allows you to save some money and recoup some losses in the event that a trade goes south.

What is Take Profit?

The other half of the stop loss and take profit dynamic is take profit, or simply known as TP. This is just as important to know about as stop loss.

A take profit order is a certain price limit put on a trade by a trader. When this price limit is reached, the trade will automatically close. The point of take profit is to set the price at a certain level above the opening price.

Therefore, if your trade increases in value, once it reaches the value where you take profit order was set, the trade will close automatically. It’s just like stop loss, but just in the other direction.

The point here is to allow your trades to close automatically when a certain profit point is reached. It’s a good thing to be familiar with if you plan on making substantial profits in any kind of trading, especially in Forex.

Benefits of Stop Loss

The main point of a stop loss order is to save you money in the event that a trade goes south. Even with lots of knowledge and preparation, things can and do go wrong. Sometimes trades are losers. It’s as simple as that.

The reason why stop loss orders are so important is because they can end up saving you a whole lot of money. Say you enter a trade with a value of $100, and your stop loss is set at $80. If that trade decreases in value down from $100 to $80, the SL will automatically force the trade to close.

Therefore, instead of losing the full $100 investment, you will only lose $20, and manage to salvage the other $80. As you can see, this is extremely important and it can indeed come in very handy, especially for newbie traders who might be placing some bad trades.

Benefits of Take Profit

Yes, the stop loss and take profit dynamic is quite interesting indeed. Just like SL, TP also comes with some big time benefits for all traders. Here, the whole point of a take profit order is to ensure that you end up with profits in your pockets.

The fact of the matter is that trades can fluctuate, and although they might be going up in value one minute, things can quickly turn around and go the other way.

With a take profit order, say that the trade was entered at $100. You can then set the TP to $120. This means that once the value of the trade reaches $120, the trade will automatically close, thus allowing you to bank the $20 in profits.

The benefit here is that this helps to ensure that you maximize your profits. In the event that a trade rises in value, and then appears to be turning around to lose value, a take profit order will prevent you from suffering from the downturn.

Andy’s Stop Loss & Take Profit Masterclass

Ok, so now that we have talked about what stop loss and take profit levels are, and why they are so beneficial, let’s quickly take a look at Andy’s stop loss and take profit masterclass. For those of you who don’t know, Andrew’s Trading Channel on YouTube is home to hundreds and hundreds of useful trading tutorials.

Andrew is also the owner and leader of the Income Mentor Box Day Trading Academy, one of the most highly respected trading schools in the world. This guy knows what he is talking about, as can be seen in his recent upload, the stop loss and take profit masterclass.

Here, Andy talks about what each of these things are, their various benefits, and most important of all, how to calculate stop loss and take profit levels for the best results. If you want to become intimately familiar and knowledgeable on this topic, we would definitely recommend watching the whole video from front to back.

Income Mentor Box & The Stop Loss and Take Profit Tutorial

Another thing that we do want to touch on has to do with learning this stop loss and take profit dynamic from the best in the business. Yes, Andrew’s Trading Channel on YouTube does have a fantastic tutorial on this subject.

However, for a fully comprehensive lesson on the subject, with all aspects and facets covered in great detail, joining the Income Mentor Box Day Trading Academy is highly recommended. This day trading academy features over 55 different full length lessons on a multitude of trading aspects.

Simply put, this multi-part course will not only teach you the ins and outs of stop loss and take profit, but about any and all other aspects of day trading too!

Stop Loss & Take Profit – Final Thoughts

The bottom line is that learning about stop loss and take profit will bring you one step closer to being a successful and profitable day trader.

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.

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL

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.