Learn Trading with Income Mentor Box

Learn Trading with Income Mentor Box

Have you always wanted to become a professional, sufficient, and profitable day trader, but just don’t know where to begin? Yes, trading stocks, Forex, and more, can all be very profitable, but that said, it’s also not easy. Income Mentor Box is definitely something that can make your life in trading easier.

Simply put, it takes a lot of knowledge, skill, time, and patience to trade something like Forex, and actually be successful at it. If you are a total newbie, chances are that you don’t have a solid foundation of knowledge, and this is where the Income Mentor Box Day Trading Academy comes into play.

The fact of the matter is that a resource such as Income Mentor Box could be all of the education that you need to become a proficient Forex trader, stock trader, and more. No, trading is not something that you can just start doing and immediately be successful at.

Chances are that without a solid education, such as from Income Mentor Box, you will just end up losing trades. Today, we are here to take a closer look at the IMB Day Trading Academy to see exactly what it can do for your trading game.

What Exactly is Income Mentor Box?

The Income Mentor Box Day Trading Academy is exactly what it sounds like, a school designed to teach newbies how to trade the market. The main focus of the IMB Academy is Forex trading, so if you want to learn how to trade currencies, this is the place to be. That said, you will also learn about stock trading, and all of the skills you learn here can also be applied to crypto, indices, and commodities trading as well.

This is a totally online school, which means that you can learn everything there is to know about trading from the comfort of your own home. Moreover, once you become a member of Income Mentor Box, you are a member for life, which therefore means that you have unlimited and lifetime access to all course content.

This means that you can work through the multitude of lessons at your own pace. Some people finish in two weeks, some take two months, and some take even longer. This is the beauty because there are no deadlines or anything like that, so you can learn at the pace that feels most comfortable for you.

What Can Income Mentor Box Teach You?

The fact of the matter is that Income Mentor Box is one of the most comprehensive and full-scale trading schools out there. What we mean by this is that here you get a comprehensive curriculum that first starts with some introductory materials, then it moves onto the basic principles and aspects of trading, and then finishes off with some pretty advanced trading strategies and methodologies.

Simply put, thanks to the 55+ full length lessons spread out across five modules, you will learn virtually everything there is to know about Forex trading and the markets in general. Take a look at the list below for a sneak peak, for a few examples of some of the materials that you will come across within the Income Mentor Box Day Trading Academy.

Support & Resistance
Forex screening
Pumps and dumps
Setting realistic goals
How much money to start investing with
Biggest trading mistakes
Best entry levels to open trades
Using different trading platforms
Stock market vs Forex trading
Using different time frames
Using various indicators
Personalized trading strategies from the mentor
AND MUCH MORE

Let’s not forget that when you join the Income Mentor Box Day Trading Academy, you also get a free Forex trading E-Book to introduce you to the world of markets and currency trading. It’s a great starting point, something that you should read before you start with the actual course lessons. It makes for great preparation so you can figure out exactly what you are getting yourself into.

A Good Mentor for Easy Learning

Something that really stands out about IMB is the mentor behind it, Andrew. You might also know Andrew A from his various social media channels and from Andrew’s Trading Channel on YouTube (another great educational resource for beginner traders, one that is 100% free).

Andrew has been immersed in the world of trading for about a decade now, and he has seen great success in that time. What is of course beneficial here is that Andrew has made all of the mistakes there are to make, and he has learned from them.

This means that you can skip the step where you make a ton of mistakes, so you can get to trading the proper way right from the beginning. Moreover, what’s also nice is that Andrew is a super approachable and laid back guy, somebody who creates lessons with newbies in mind.

All of his video lessons are very easy to grasp, everything is done live on camera, and everything he explains is backed up by live trading examples. This way, you get both an oral and a visual explanation, and on that same note, Andrew makes sure to explain everything in such a way that even people who have never heard of trading before can understand.

When it comes down to it, thanks to the easy going nature, the simple explanations, and the video examples provided, Andrew and Income Mentor Box make learning Forex trading easy, fast, and pretty fun too.

The Included Income Mentor Box Forex Signals Service

By far, one of the best aspects of the Income Mentor Box Day Trading Academy, besides the world-class trading education it provides, is the included Forex signals service. Yes, when you join the IMB Academy, not only do you get access to an awesome curriculum, but to free Forex signals as well.

For those of you who don’t know, Forex signals are simply currency pairs that have been researched and analyzed, and show massive profit potential coupled with minimal risk. All signals have been thoroughly analyzed to ensure maximum profitability with minimum risk to you.

Each and every single day, the IMB Forex group will release up to 12 high-quality trading signals. People, all of the hard work has already been done here. The signals are released over the Telegram messenger, and they come complete with entry points and exit points.

You don’t actually have to know how to trade or do any research. You simply have to take these Forex signals as they appear in Telegram, copy and paste them into your platform or broker of choice, and watch as the profits accumulate.

Moreover, with the Income Mentor Box Forex signals group, you will also get things like level 2 news alerts, premium pumps, and many more daily trading tips and useful strategies too. The fact that the Income Mentor Box Day Trading Academy Forex signals service comes to you totally free of cost is just the cherry on top.

IMB Day Trading Academy – The Cost

What we can definitely appreciate about the IMB Day Trading Academy is that it comes to us at a very reasonable cost. To become a member of Income Mentor Box, the fee is a very reasonable $299. People, this is much more affordable than any other trading school of equal quality out there.

Most cost thousands of dollars, but IMB does not. Moreover, unlike with many other trading schools out there, for that $299, you get a whole lot of value. Between the comprehensive trading education and the free daily Forex signals, you definitely get your money’s worth.

Moreover, seeing as you become a lifetime member, that $299 lasts you a lifetime, and no, there are absolutely no hidden, recurring, or additional fees of any kind. It’s one flat payment for unlimited and lifetime access to all Income Mentor Box materials and resources.

Income Mentor Box Day Trading Academy

The bottom line here is that if you want to learn how to trade like a pro, and you want to start making consistent profits via Forex trading, and on the market in general, there is just no better place to be than the Income Mentor Box Day Trading Academy.

When it comes down to it, this is by far one of the most popular, fully comprehensive, user-friendly, and affordable trading schools around.

Learning is made fun, you can do it on your own time, and the mentor behind it all really knows how to teach you the most important aspects in an easy to understand way. Moreover, thanks to the free IMB Forex signals service, you can make fast and easy money while you learn, all without having to do any heavy lifting.

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Forex Trading Tips & Strategies for 2021

January 19, 2021 AndyLatest News / Latest News / NewsLeave a comment

Forex Trading Tips & Strategies for 2021

Are you a newbie to the world of currency trading? If so, you are in the right place. Let’s get to it and discuss some of the best Forex trading tips and strategies for 2021, so you can get to making some real profits.

Forex Tips for Newbies

The first thing that we want to cover today are some of the most important Forex trading tips that newbies need to adhere to. If you follow the simple tips and rules as outlined below, your chances of success will increase drastically.

Start Small

First off, when you are just starting out with FX trading, it’s important that you start small. By this, we mean that you shouldn’t have many trades open at the same time, no more than two or three, or else they become hard to keep track of. Moreover, don’t invest much money into single trades. If you are a beginner, chances are you will make mistakes. If you are going to lose trades, they best be small ones.

Manage Risk

Something else to adhere to when it comes to Forex trading for beginners is the 1% rule and the 3% rule. Now, it depends on who you ask, but the bottom line is that each trade you place, the money invested in it, should not total more than 3% of your total trading capital at your disposal. You don’t want to invest half of your money in a single trade, because a couple of losses will wipe you out.

Money Management

Just remember to manage your money properly. The rule of thumb in FX trading is that you should never trade with money that you cannot afford to lose. Don’t gamble your rent or mortgage payments on the chance that you could strike it big.

Pick a Good Strategy

FX trading is not the kind of thing that you can just do on a whim. It’s not something emotional and it’s not something that you can wing. FX trading needs to be well thought out, planned, and methodical. This means finding some solid trading strategies that are easy to master and proven to work.

Remain Consistent

In terms of Forex trading tips for newbies, one the best ones we can give you is to try and be as consistent as possible. If you lose a trade, don’t throw your game plan in the trash and start over. If you know that your strategy is good, weather a few losses and keep on trucking. Consistency is key in FX trading.

Get a Trading Education

One of the best things that you can do before you even start here is to get yourself a decent education. The fact of the matter is that without at least a basic understanding of the market and FX trading concepts, you won’t get very far. You wouldn’t run into a burning building without first learning how to be a firefighter.

Finding the Right Broker

Finding the right broker for trading is a pretty big deal too. Some are best for heavy trading while others are best for newbies. Try to find yourself a low cost and beginner friendly broker.

Set Realistic Goals

One of the biggest mistakes that newbie traders make is to set super unrealistic goals. Folks, you won’t make thousands of dollars in your first weeks or even months of trading. There is a learning curve involved, and you need to realize that for the first while, your profits aren’t going to be anything super exciting.

Make Weekly & Monthly Plans

The other Forex trading tip you should follow is to prepare some weekly and monthly trading plans based on both technical and fundamental analysis. Don’t just start trading blindly.

Some Simple Forex Trading Strategies

What we want to talk about now that we have covered some of the most important Forex trading tips for newbies, are some of the best and easiest Forex trading strategies that you as a beginner can employ with relative ease.

5 Minute Gold Scalping Strategy

This particular strategy for Forex trading is a truly fantastic one, something that every newbie can learn how to do in just a couple of hours. Even better is the fact that these trades only last for a few minutes and involve small investments, thus making this strategy perfect for newbies.

VWAP Trading Strategy for Newbies

VWAP stands for volume weighted average price, and although it is quite the mouthful, it’s a fantastic trading tool to know, and as you can see from this video, it allows for some fairly straightforward strategies that any newbie can learn.

Best Fibonacci Strategy for Newbies

The Fibonacci retracement indicator is another one of these indicators that allows for easy trading for newbies. Watch the video included here to find out exactly how to use it with ease.

Where to Learn Forex Trading in 2021

Seeing as one of the most important things you can do as a beginner Forex trader in 2021 is to get an education, it might be a good idea to know where the best place to get that education is.

Well, when it comes down to it, the best place to learn everything that there is to know about Forex trading is from the Income Mentor Box Day Trading Academy.

With a fully stocked curriculum, over 55 full length video tutorial lessons, and a fantastic mentor that makes learning fun and easy, not to mention for a very low cost, Income Mentor Box is the place for newbies to be.

Forex Trading for Newbies in 2021: Final Thoughts

The bottom line here is that as a newbie Forex Trader in 2021, you do need to be careful. There are many great Forex trading tips and rules that you need to follow, and some really easy strategies that you can learn in no time at all.

That said, we feel like the most important thing you can do for your trading game is to get an education. Making money in the world of trading is much easier when you actually know what you are doing.

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Most Viewed Forex Trading Guides

January 12, 2021 Fabian FabianLatest News / Latest News / NewsLeave a comment

Most Viewed Forex Trading Guides

2020 was definitely a very exciting year for all of us, particularly for Forex traders. Something that we want to talk about today are some of the most viewed Forex trading guides on the internet. Specifically, today we want to talk about Andrew’s Trading Channel, a super popular YouTube channel.

Here, master trader and awesome personality, Andrew, teaches newbies and pros alike how to improve their Forex trading game and how to make as much money as possible, and in the easiest ways too.

Right now, we want to do a bit of a recap of 2020, and we want to talk about some of the most viewed Forex trading guides on Andrew’s Trading Channel. We want to do this just to give you an idea of not only how popular and useful this channel is for teaching newbies how to trade, but also to teach you something in the process.

The fact of the matter is that this is one of the most popular YouTube channels out there for aspiring Forex traders. If you want some easy to follow, comprehensive, and useful Forex trading guides, this is the place to be.

Top Viewed Forex Trading Guides on ATC of 2020

Let’s get to it and take a look at some of the most popular and most viewed Forex trading guides that were featured on Andrew’s YouTube channel in 2020. We definitely recommend taking a closer look at each of these guides, because you will absolutely be able to learn some things that will make you a much more proficient currency trader.

Fibonacci Forex Trading

Fibonacci retracement levels are nothing new in the world of Forex, yet here Andrew does a fantastic job at explaining exactly what they are, how to use them, and more. For one, here you will learn how to use Fibonacci to minimize losses and how to use it to avoid losing trades. Of course, not losing trades is half the battle in FX trading.

In this video, you will see how Andrew made 150 pips through some very simple analysis and trading, and if you follow along closely, you can learn how to trade like this. This so-called Fibonacci masterclass will teach you the absolute best and easiest way for newbies to use Fibonacci to make some truly stunning profits.

Most Profitable Five Minute Forex Scalping Strategy

One of the things that every beginner Forex trader should learn is how to trade via scalping. Scalping is a type of trading Forex that involves placing a large number of small trades, instead of placing just a few large trades. It is a style of trading that can result in lots of profits.

Another aspect that traders love about scalping is that trades are only open for a very short amount of time, something that many people find easy and beneficial.

In this particular tutorial video, Andrew demonstrates how to use one of the most successful and profitable 5 minute scalping strategies for Forex, or in other words, a strategy that involves trades only being open for 5 minutes. It’s a nifty and profitable way to trade Forex no doubt, and it’s something we recommend taking a closer look at.

Moving Average Crossover Strategy

Yet another one of the best Forex trading guides on Andrew’s Trading Channel, one that was viewed thousands and thousands of times, is this particular one on the best moving average crossover strategy. Of course, when it comes to Forex trading, moving averages are essential.

Both moving averages and crossovers are things that you should be intimately familiar with if you plan on being successful and profitable. As you can see from this video, everything that Andrew shows you is designed for newbies, for ease of use. This is an integral part of Forex trading, so we recommend watching this video a few times over.

Making $300+ Daily with Just Your Phone

When it comes down to it, this is one of our very favorite Forex trading guides of 2020, and the reason for it is quite simple, because everyone can easily do what Andrew demonstrates in this video. As you might be able to gleam from the title, here Andrew shows you how to make over $300 per day using nothing but your phone.

Yes, here Andrew uses another simple Forex scalping strategy, so that is something you will also learn here. When it comes down to it, making $300 per day with nothing but your phone is very impressive, and moreover, it’s also super useful considering that you can do it from anywhere, making this super convenient for people who are always on the move.

Forex Trading Guides from Income Mentor Box

Something that we do quickly want to touch on here is how Andrew’s YouTube Trading Channel is really just the tip of the iceberg when it comes to the best Forex trading guides of 2020. The fact of the matter is that while this is a fantastic free resource that all newbie traders can take advantage of, it is of course not a full scale education.

While ATC is great for teaching you random tips and strategies, it does not constitute a full Forex trading education from the ground up. If you really want to learn everything that there is to know about Forex trading, we recommend checking out Income Mentor Box.

The Income Mentor Box Day Trading Academy is a full-scale Forex trading school that will teach you all of the fundamentals that you need to know to become a full-time and profitable FX currency trader. What’s also really cool here is that none other than Andrew himself is the one teaching the IMB curriculum, and yes, he created it too.

Forex Trading Guides for Newbies

The bottom line here is that whether you want some awesome and free Forex trading guides from Andrew’s YouTube Channel, or you want a full-scale FX trading education from Income Mentor Box, Andrew is a fantastic teacher who makes learning both fun and easy. By watching just a few of these Forex trading guides, even the YouTube ones, you can learn more than enough to start making great profits.

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Profiting with the EA Pip Scalper

December 30, 2020 Fabian FabianLatest News / Latest NewsLeave a comment

Profiting with the EA Pip Scalper

If you are new to the world of Forex trading, or if you are having difficulties, you might want to check out the EA Pip Scalper app. You probably realize that Forex trading is not easy, mainly because there are so many different factors, aspects, and moving parts.

In order to be a successful currency trader, you need to have a great understanding of the market economy, indicators, oscillators, charts, and so much more.

If you don’t have a great knowledge base, trading currencies is super difficult. Moreover, even if you do have the necessary knowledge required to be successful in this type of trading, it’s still super time consuming. For professionals, currency trading is a full-time job, something that can consume up to ten or more hours per day.

This means that you might just not have the time to trade Forex, at least not in the quantities that would make sense for you. Well, this is exactly where the EA Pip Scalper Forex autotrader comes into play.

This is a popular and profitable automated trading app that trades FX currency pairs on your behalf. It does all of the hard work for you, so you barely have to do anything, all while making money. Today, we want to give you a rundown of what exactly the EA Pip Scalper app can do for your trading game.

Super User Friendly

Right off the bat, something that is very important to note about the EA Pip Scalper is that it is one of the most, if not the most user-friendly Forex trading app around. Seriously folks, the interface for this software is so easy that even a newborn monkey could use it.

There is really not much to it at all. Remember people, this is a 100% fully automated Forex trading app that does all of the heavy lifting for you. Using high-class algorithms and analysis methods, it performs all of the research and analysis required to produce profitable trading signals.

Yes, it then also executes those trades for you, complete with stop loss, take profits levels, and more. Simply put, you could turn this app on, walk away from it, go eat some dinner, and come back to your profits. When it comes down to it, this has to be the easiest to use Forex trading app around.

Designed for MetaTrader

Another important thing to take note of is that the EA Pip Scalper system is not a freestanding piece of software, or in other words, it’s not its own trading platform. This piece of trading software is an add-on or extension that can be used with the highly popular MetaTrader trading platform.

For those of you who don’t know, MetaTrader is at this time the number one trading platform in the world.

To be specific, this app is designed to be used with either MetaTrader 4 or MetaTrader 5. That said, MetaTrader 5 is the much more functional of the two, and the EA Pip Scalper also works much better on MT5 than on MT4.

EA Pip Scalper Profitability & Accuracy

What you definitely want to know is how profitable and accurate the EA Pip Scalper is. After all, the main point of any piece of FX trading software like this is to produce profits and put money into your pockets.

When this app is set to its default settings, it can produce win rates of up to 95%, with the average win rate being somewhere around 90%. Folks, this means that this software can win around 90 out of every 100 trades it places at the very least, and yes, that leads to some big time profits.

Installing the EA Pip Scalper

What’s kind of funny is the hardest aspect of using the EA Pip Scalper is installing it. The installation process will take about 15 or 20 minutes, and there are quite a few fairly complex steps that you need to follow. That said, the creators have made a very easy to follow installation guide, plus there is a step-by-step installation video guide available as well, which we have included below.

Returning to Default Settings

One issue that people seem to be having with the EA Pip Scalper app is returning to the default settings once settings have been changed. We aren’t saying that you can’t mess with the settings in an attempt to produce better results.

However, the default settings are optimized for the best results, and if you change the settings, you will eventually want to go back to the defaults. Follow this guide on how to return to the default settings.

Profitable Custom Settings for the EA Pip Scalper

Something that is cool about the EA Pip Scalper is how you can download three different custom settings files. Check out this guide on the custom settings.

These custom settings are designed to optimize trading results for $100, $1,000, and $10,000 trading accounts, respectively. We recommend checking out these custom settings because trading can be quite profitable with them.

EA Pip Scalper Cost

The other thing you need to know about this app is how much it costs, which is a very reasonable $399. Keep in mind that other legit trading apps of this kind usually cost many times more than this, usually up to $1,000 or even as much as $2,000.

Moreover, that $399 is a single one-time payment, and once you purchase the software, that copy is yours for life. Realistically, you can make that $399 back with just a few winning trades.

Making Money with the EA Pip Scalper

As you can see, whether you are a professional or a newbie, and whether you just don’t have the time to trade or don’t know what you are doing, the EA Pip Scalper FX autobot can be used by everybody.

It’s a super efficient, user-friendly, and profitable automated Forex trading bot, one that actually produces real profits.

If you have not yet tried using it, we would definitely recommend doing so. Once you try out this particular piece of trading software, you will never go back to manual Forex trading again.

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Forex Trading for Beginners

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

Forex Trading for Beginners

If you are new to the world of Forex trading, you are likely intimidated by it. Yes, of course, there is a great potential to make big profits, potentially thousands of dollars in ROI per day. On the other hand, FX trading does of course also come with its risks, quite large ones. The less experience and knowledge you have about Forex trading, the more risk is involved. The higher the amount of risk, the likelier you are to lose money instead of making it.

That said, is just an inherent part of FX trading, and there is nothing that you can do to eliminate it totally. However, if you educate yourself on everything there is to know about foreign currency trading, and you have a good teacher to help you out, it will make life easier and trading more profitable.

Today, we want to talk about one of the best sources of education, tips, tricks, and strategies for Forex trading, particularly for newbies. There are some really great sources out there that can provide you with very simple, fast, and easy to understand Forex trading tips and strategies. Right now, we want to take a look at one of the best free online resources that can help provide you with valuable insights and tips into the world of FX currency trading.

Folks, if you are a beginner trader, and you don’t know what you are doing, you definitely want to stick around. We are about to tell you where to find the best tips and info, the easiest to learn strategies, and more.

Andrew’s Trading Channel for Forex Beginners

Before we talk about some of the best Forex trading guides for beginners that can be found on Andrew’s Trading Channel, we do just want to touch on who the teacher is and what you can find here. First off, Andrew himself is a long time trading pro who has been in the business for well over a decade.

He is a full time trader of Forex, stocks, crypto, and more, and he manages to make a very comfortable living doing so.

Moreover, what is great about Andrew’s Trading Channel, besides the fact that it contains hundreds and hundreds of free Forex trading guides and videos, all for free, is the fact that everything here is designed for beginners. Andrew does everything live on video so you can follow along.

Best Forex Trading Tips & Info for Newbies

Let’s take a look at some of the best Forex trading tips, guides, and strategy videos that you can find on Andrew’s Trading Channel.

Best 5 Minute Forex Scalping Strategy

If you are looking to invest small amounts of money per trade to minimize risk, and you don’t have a lot of time to spare for trading, then this 5 minute Forex scalping strategy is a great one to look at. Here, Andrew explains in a step by step manner how to use a 5 minute chart combined with three separate EMA or exponential moving average lines in order to make profits. As far as scalping FX trading goes, this is one of the most profitable strategies around, as well as one of the easiest to learn.

Growing a Small Trading Account

One of the biggest challenges that you will be faced with as a newbie Forex trader is limited funds. If you are just starting out in the world of FX trading, you probably only have so much money to spare. Remember people, one of the primary rules of Forex trading is that you should only trade with money that you can afford to lose.

This means that you may only have a few hundred dollars to start out with. No, Forex trading with so little money is not easy, but it is doable. In this particular trading guide, Andrew explains exactly how newbies can start with so little money, and how to grow that trading account into something substantial in just a couple of weeks.

Best AUX/USD Forex Trading Strategy

What is important to know as a Forex trader is that one of the most secure and profitable pairs to trade is AUX/USD (gold and United States Dollar).

These share an inverse relationship that makes trading this pair quite easy. As you will discover in this particular video, this pairing can be super profitable. If you want to make easy money and learn the best AUX/USD Forex trading strategy around, we recommend watching this particular video.

Best Ways to Spot Forex Entries

This final FX trading video from Andrew’s Trading Channel that we want to discuss today is this one, about the three best ways to spot Forex entries. As a newbie trader, one of the hardest things to learn is when and where to enter trades. Here, you will learn how to do just that in the easiest way possible.

Best Forex Trading Tips for Beginners – Final Thoughts

As you can see, Andrew’s Trading Channel is indeed one of the best places to get info, tips, and strategies in regards to FX trading. Everything you see on this channel is totally free, which is of course a big bonus because it means to having to spend money to make money. Moreover, if you are a newbie and you need Forex trading tips and information, this is by far the most beginner friendly source. Everything is presented in a user friendly and easy to grasp follow-along video tutorial format.

Now, what we do have to say here is that Andrew’s Trading Channel is of course not a comprehensive or full Forex education. If you are looking to learn really everything there is to know about Forex, we would recommend checking out the Income Mentor Box Day Trading Academy. No, this Forex trading school is not free, but that said, it is also where you will find a full scale, beginner friendly, and complete Forex education. This is the kind of school that turns clueless newbies into profitable full time traders.

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Your Monthly Forex Trading Plan

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

Your Monthly Forex Trading Plan

If you are new to Forex trading, you may not know how to get started or how to make a plan of attack. Well, as somebody who has never traded before, or is still in the beginner stages, putting together a monthly Forex trading plan is essential to your success.

The fact of the matter is that trading Forex is not easy. This is indeed quite hard, and it takes a good deal of skill, patience, knowledge, and planning to be successful. Simply put, analysis, planning, and research are half the battle. If you can properly analyze the market and make a solid plan of attack based on your findings, things will go much better.

Sure, some of the most seasoned trading professionals may be able to just sit down in the morning and start trading. However, these are people that have plenty of experience. For everybody else, you first need to make a solid plan, or in other words, a monthly Forex trading plan.

You need to sit down for a few hours at the beginning of the month, maybe for a full morning, and really take your time analyzing the market. If you spend a few hours putting together a monthly Forex trading plan, things will be much easier. If you have a solid plan of attack, you won’t need to spend as much time each morning doing research before you begin your session.

For those of you who don’t know what goes into making a monthly Forex trading plan, no worries, because that is exactly what we are here for right now. Let’s get right to it and talk about the five most important components of your monthly Forex trading plan.

Analyze the Current Market Structure

The first aspect of your monthly trading plan is to analyze the current market structure. You need to identify multiple market factors including various support and resistance zones, trend lines, major pivot zones. Simply put, you need to see what the structure of the market is like.

Not only do you need to analyze market structure, but you also need to analyze the structure of the market of the previous month, and you then need to compare the two.

The past often dictates the future, so if you can find out what the current state of the market is like, it becomes much easier to put together a monthly Forex trading plan, as well as a weekly and daily plan.

Make A Plan for Daily Trading for Your Monthly Forex Trading Plan

For your monthly Forex trading plan, a good idea is to actually create a daily trading plan. Of course, a monthly plan is great for providing you with the big picture, but you also need a daily plan for every day of trading. Remember, the more planning and research you put into Forex trading, the more likely you are to be successful.

A big part of this is deciding which currency pairs you plan on trading with, and of course, the current market structure, as well as the following points below will help you determine this.

Moreover, this also means developing a solid trading strategy, one that either you have developed, or someone else’s strategy. As long as it is a proven strategy that takes care of how to enter trades, when to exit them, and where to set stop loss and take profit levels at, you should be fine. What’s your trading strategy?

Pay Attention to the Upcoming Week’s News

One of the most important things that you need to factor into your monthly Forex trading plan is fundamental news, and not just for the coming day, but for the coming week. In order to examine fundamental news, we recommend checking out the economic calendar on investing.com.

Here, you will see various news releases associated with specific national currencies, whether one star, two star, or three star news.

Three star news is often referred to as three bull news, and this is what you need to look out for. If you see that a currency, say the Euro, is slated for a three bull news release at 11 am, it means that you should not have any open trades with the Euro at that time. Also, don’t open any new trades with that currency for at least one to two hours after the news release.

Look for Patterns in the Previous Month

The next thing that you need to do in order to put together a comprehensive monthly Forex trading plan is to take a look at one day, four hour, and one hour timeframes, particularly for the previous month, or at least the previous week. Here, you are looking for patterns such as trends.

You want to look for patterns on all of the timeframes, and moreover, you want to see if there are patterns that are related across various timeframes. If you see patterns occurring across various timeframes, you can assume that they may continue into the future, and thus provide you with profitable trading opportunities.

Set Realistic & Attainable Goals for Your Monthly Forex Trading Plan

The final aspect of your monthly Forex trading plan is to set attainable goals for yourself. You can decide what your goals are for yourself, but just don’t set them too high. If you set unattainable goals, you will undoubtedly be disappointed and disheartened when you inevitably fail to achieve those unrealistic goals.

A Monthly Forex Trading Plan for Success – Conclusion

The bottom line is that something like a monthly Forex trading plan will increase your chances of success exponentially. If you take the time to do research, to analyze the market, and to find the best possible trading opportunities at the beginning of the month, your life as a Forex trader will become much easier.

As long as you incorporate all five of the factors we just discussed, your monthly Forex trading plan should be comprehensive and accurate enough to allow you to trade FX currency pairs with relative ease. Of course, this is not a fool proof plan, as you do need to know what you are doing.

We do realize that some of the components of this plan, such as analyzing trends, as well as support and resistance lines, takes a bit of know how.

If you don’t know how to do this, it is strongly recommended that you seek an education in Forex trading. One of the best sources to get a comprehensive education in Forex trading is the Income Mentor Box Day Trading Academy.

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Making a Daily Forex Watchlist

December 15, 2020 AndyLatest News / Latest News / NewsLeave a comment

Making a Daily Forex Watchlist

If you are a beginner in the world of Forex trading, you might be having a bit of trouble making money. Realistically, if you are totally new to FX trading, and you don’t have much of a knowledge base, chances are that you are actually losing money. However, even as a total newbie, something that you can do in order to increase your chances of success is to make a daily Forex watchlist.

The fact of the matter is that FX trading is not easy, not in the least. It takes the right knowledge and patience, plus the right timing is very important as well. Sure, plenty of traders, particularly the seasoned veterans, will trade without a so called daily watchlist. However, the most successful of traders do use a daily Forex watchlist.

Now, this is nothing too groundbreaking or revolutionary. Realistically, it is nothing more than a conglomerate of information, a plan of what you will trade throughout the day. People, a lot of what Forex trading is all about is planning, strategy, and analysis. If you take a few minutes in the morning to put together a daily Forex watchlist, you can then simply follow it and execute your strategy.

Today, we are here to talk about the five most important components that go into making a daily Forex watchlist. There are five main components that your watchlist needs to include. Now, these are nothing overly special on their own. However, when the five components that we are about to discuss come together, they provide you with the required foundation for a successful day of currency trading.

Analyze the Past Week & Look for Opportunities

The first thing that you should do when creating your daily Forex watchlist is to analyze price action of the past week in regard to certain currency pairs. You should take a close look at the one week timeframe to analyze what happened in the last week.

You want to look out for all of the basics like price range, price direction, trend, reversals, and all of that other fun stuff too.

Knowing what the price of a currency did in the past may reveal useful information about future movement. You may even look at a one month timeframe, although for these purposes, looking back one week should be enough. This way, you can get a good idea of what the market is doing and what specific Forex pairs that you might want to focus on.

Pay Attention to Fundamental News for Your Daily Forex Watchlist

The second component of your daily Forex watchlist should be fundamental news. In fact, this is perhaps one of the most important components of all. The fact of the matter is that politics, economics, industry, and everything in between, it’s all related.

Therefore, you want to pay close attention to fundamental news releases. Specifically, we would recommend going to investing.com, and checking out their economic calendar. Here, you will see news releases associated with national currencies.

For instance, you might see a news release happening at 1 pm for the USD. Now, what you are really looking for here is Three Bull News, which signals a major news release that will have a big impact on the economy.

As a newbie trader, the important thing to know here is that you never want to trade during Three Bull News with the associated currency. Using our above example, this would mean that when 1 pm hits, you don’t want any open trades with the USD, and you also don’t want to open more positions with the USD until one to two hours after that news release.

Set Up an Alert System

The third component of your daily Forex checklist should be your alert system. An alert system, such as the free ones that come with MetaTrader and Tradingview.com, will alert you of certain events. In other words, you could set an alert so that if the price of the EUR/USD hits a certain point, you get notified.

This helps make life much easier because it means not constantly having to pay attention to various Forex currency pairs. Simply set up your alerts as needed (which means that you need to know at which price you would want to trade at) and wait for the alert. Once the alert sounds, you can then place your trade.

Choose Your Currency Pairs for Your Daily Forex Watchlist

The next thing that you need to do is to pick the specific currency pairs that you are going to focus on. This is very important for creating a coherent daily Forex watchlist. Now, there are of course hundreds of currency pairs, but there are only seven that you as a newbie should be dealing with.

Five of the most major and safest pairs to trade with are EUR/USD, USD/CAD, USD/JPY, GBP/USD, and AUD/USD, with USD/CHF being another big one. Folks, it’s all about quality, not quantity, so focus your efforts on a few relatively safe pairs, and then go from there.

Review the Plan & Set Realistic Goals

The final component of your daily Forex watchlist is your own plan and goals. Simply put, you need to hammer out a solid trading plan and strategy, something proven to work, something that you feel confident in. Moreover, it’s fine to set goals for yourself, but make sure that they are realistic. If this is your first day trading, don’t expect to start raking in cash immediately.

Your Daily Forex Watchlist – Final Thoughts

As you can see, by themselves, the five components of a good daily Forex watchlist are not anything super cool or anything that people have not seen before. However, when these components come together, they form a solid daily Forex checklist.

In other words, this is your analysis and your trading plan for the day. It’s your game plan that you will use to place all of your trades, the rules you will follow, and so on and so forth.

All of that being said, if you don’t have any prior experience with Forex trading, we recommend seeking a decent education. It definitely helps if you have an education on the matter, so you at least understand the most basic concepts.

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EA Pip Scalper & Default Settings Issues

December 10, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

EA Pip Scalper & Default Settings Issues

If you have not yet heard of the EA Pip Scalper Forex autobot, you really have no idea what you are missing out on. This is one of the newest and highest performing automated Forex trading systems out there. It may only be slightly over a month old, but in that short time, it has managed to garner an amazing reputation. Everybody who has used this software so far has had mostly only good things to say about it.

People seem to agree with the fact that the EA Pip Scalper app is by far one of the simplest and most user friendly apps around. The fact that it trades all Forex currency pairs on all timeframes, automatically, without you having to do any work, is of course awesome. There is also the simple fact that this software actually performs really well. If you use it properly, you stand to gain several thousand dollars in profits per day.

Now, this is not to say that this automated Forex trading bot is not without a few small issues, but that said, they are nothing major. One of the issues that people seem to be having is in relation to the optimization feature and the default settings. Apparently, once people mess with the settings to perform optimization, they cannot change them back to the default settings. Ok, to be fair, this is in no way the fault of the EA Pip Scalper app or the MetaTrader platform.

Unfortunately, some people may just not understand the full functionality of the EA Scalper combined with the MetaTrader app. However, this is really no big deal. If you don’t know how to revert your software back to the default trading settings, read this article and watch the embedded videos. Today we will teach you how to revert the EA Pip Scalper back to its original default settings, so you can get back to trading FX profitably.

Optimization with MetaTrader 4 and MetaTrader 5

Something that we do want to note is that the optimization feature on MetaTrader 4 does not seem to work nearly as well as it does on MetaTrader 5. Moreover, if you do change some of the settings on MT4, they are also harder to change back than if you were using MT5.

Therefore, if you want to make life easier on yourself, we would definitely recommend using the newest version of the MetaTrader trading platform, MetaTrader 5. Not only is it easier to revert back to the original EA Pip Scalper Default settings with this version of MetaTrader, but the platform itself is just much better too. This is particularly true in terms of user friendliness. Everything is just much easier with MT5 than with MT4.

Reverting the EA Pip Scalper Back to Default Settings

Alright, so if you managed to mess up the functionality of your copy of the EA Pip Scalper app by changing the settings, particularly for the optimizer, you have probably begun losing trades, that or the optimizer doesn’t work anymore.

This is actually a common problem, especially if you manually changed some of the settings and now cannot remember what the default settings were. Luckily, both for MT4 and MT5, there are some easy ways to revert back to the default settings.

For MetaTrader 4

Within the MetaTrader 4 trading platform, go to the optimization feature of the EA Scalper, and make sure that the EA Pip Scalper Bot is selected, and then select the currency pair you want optimized (whichever one you want)
Make sure that the timeframe is set to H1, and ensure that the spread is set to 5.
On the right, click on the “expert properties” tab. If either you have changed some of the settings within the expert properties box, or the optimization fails to run, on the bottom right of that popup box, click on “reset”.
All the settings should now be returned to the default settings. It’s actually quite simple as you can see.

For MetaTrader 5

If you are using the MetaTrader 5 platform, go to the inputs tab, then right click on it, click on “default”. It’s as easy and fast as that.
You may also change the settings back to default manually, but this of course requires you to know what the default settings were to begin with.
For more info on how to do this, check out the video that we have included here.

Using EA Pip Scalper Custom Settings

Something else that we would recommend checking out are the various custom settings that you can apply to the EA Pip Scalper. Now, what is convenient about these custom settings is that you don’t actually have to change anything yourself, something that makes life easier.

These custom settings can be found on the official website. There is a “reports” section where you will see three files, each of which contain a different custom trading setup. The really cool part about all of this is that these custom settings are designed to optimize results based on your trading account balance.

The three custom settings files are for $100 Forex accounts, $1,000 Forex accounts, and $10,000 Forex accounts. What it comes down to here is that each of these setups is designed to allow for maximum profits and minimum risk based on your account balance.

Of course, the more money you have to trade with the better, but this doesn’t mean that you can’t grow a $100 account into a $10,000 account. If you are starting off small, we definitely recommend trying out the EA Pip Scalper’s custom settings.

EA Pip Scalper Settings – Final Thoughts

People, if you want to trade Forex profitably and easily, then this EA Pip Scalper app is a great way to do it. It literally does all of the hard work for you, and it is very reliable. Whether you want to use the default or the custom settings, they all perform quite well.

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Learn to Trade Forex Fast

December 7, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Learn to Trade Forex Fast

Something that you may have heard about Forex and trading in general is that it is extremely hard and that it takes forever. Ok, so to some extent this is somewhat true. Forex trading can be difficult, and it can take a long time to master. However, you can learn to trade Forex fast if you go about it the right way.

The point here is that while you won’t become the world’s best Forex trader in just a few weeks, or even in a few months, you can get to a profitable point in a decent amount of time. If you stick with the right resources, ones like Andrew’s Trading Channel on YouTube, and even Income Mentor Box, you can learn to trade Forex fast.

Once again, you won’t become a master in just a couple of weeks, but you can learn enough to start making real money, and it doesn’t have to take all that long. The trick to learn to trade Forex fast is having the right teacher who knows how to teach in a way that even the clueless of people can understand with ease.

Today, we want to take a closer look at one of our favorite Forex trading teachers, Andrew A. Specifically, we want to take a look at his YouTube channel, arguably the best resource for a 100% free Forex education. We also want to take a look at the popular Income Mentor Box Day Trading Academy. These educational funnels are both run by none other than Andrew, and they can both help you learn to trade Forex fast.

Andrew Teaches You How to Trade Forex Fast

Before we take a closer look at the YouTube channel, we do want to say a few words about Andrew himself. Andrew has been in the trading business for around a decade now. Folks, a decade may not sound overly impressive, but if you look at the statistics regarding how long Forex traders last, it becomes clear that he is one of the best and most successful hands down.

He’s been doing it for 10 years, so he must be doing something right. He’s a great stock and crypto trader too, but Forex is his meat and potatoes, so to speak. Moreover, what we really appreciate about him is the fact that he makes learning easy and fast.

So, when you say that you want to learn to trade Forex fast, we automatically think of him. Whether in his YouTube Channel or his official IMB Day Trading Academy, everything is done live on video, it’s done in a slow step by step manner, and he explains everything in such a way that literally everybody can understand.

Learn to Trade Forex Fast with Andrew’s Trading Channel

Ok, so rather than drone on and on about how Andrew’s Trading Channel on YouTube can help you learn to trade Forex fast, we want to take a quick look at some of his most recent and most popular Forex trading tutorials. What’s really important to note here is of course that Andrew’s Trading Channel is 100% free.

VWAP Strategy for Newbies

For those of you who don’t know, VWAP is a special type of indicator used in Forex trading. In this particular video, Andrew discusses a really easy way to use this VWAP indicator. This particular strategy focuses exclusively on AUX/USD, or in other words, on trading gold against the United States Dollar. USD and AUX share a really special relationship, and with this strategy, you can take advantage of that relationship.

How to Turn $100 into $1,000

This next video is one of the best ones as far as we are concerned, one that will definitely teach you not only how to trade Forex fast, but also how to start off with minimal cash. The fact of the matter is that most people don’t have a whole lot of cash to start trading with. Yes, this does make life a lot harder, but not impossible. In this particular video, Andrew shows you not only that it is possible to make good profits off of just $100, but how to do it as well.

Simplest Forex Scalping Strategy

When it comes to learning to trade Forex fast, this video guide is a great one to check out. Here, Andrew teaches you exactly how to use a very simple scalping strategy, with scalping being placing small trades. Small trades, while the reward is not very high per trade, the risk is also quite low, not to mention that you don’t need lots of money to do it. It’s a rather perfect Forex trading strategy for beginners.

Learning to Trade Forex with Income Mentor Box

Ok, so Andrew’s YouTube Channel is a great starting point, a great way for newbies to learn to trade Forex fast, being particularly ideal for individual concepts and strategies. However, if you are really serious about becoming a professional and profitable Forex trader, you want to keep the Income Mentor Box Day Trading Academy in mind.

The IMB Day Trading Academy is Andrew’s brainchild, a full length, totally comprehensive Forex trading course. Here, from basic terms and indicators all the way to oscillators and killer trading strategies, Income Mentor Box will teach you everything there is to know about Forex. It’s a 55+ lesson course that includes full length, step by step, and super easy to understand video tutorials, lead and hosted by none other than Andrew.

One of the most important things to note about the IMB Academy is that not only will you learn to trade Forex fast, but you also get to make money while doing so. The reason for this is because with your membership to Income Mentor Box, you also get free lifetime access to super accurate and profitable Forex signals service. Simply take the signals as they come, paste them into your trading platform, and watch as the profits accumulate.

Learning to Trade Forex Fast – Final Thoughts

The bottom line is that if you want to learn to trade Forex fast, so you can get to making money ASAP, a combination of Andrew’s YouTube Channel and the Income Mentor Box Day Trading Academy is the way to go. Check them both out for the best results!

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How to Prevent Emotional Trading

December 3, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

How to Prevent Emotional Trading

Emotions have absolutely no place in trading. All emotions do is ruin a trader’s mindset. Trading, whether Forex, stocks, cryptocurrencies, or otherwise, is about reason, logic, and solid planning. Today, we will provide you with some crucial tips on how to prevent emotional trading from draining your bank account.

Try to Keep Trades Small

One thing that you can do to prevent emotional trading on your behalf, especially as a beginner, is to limit the size of your trades. The larger the trades that you place, the more emotionally charged the situation is going to be.

Of course, nobody likes losing money, and the more money lost, the worse it is. So, if you place a $10,000 trade, it’s going to be super stressful, way more stressful than a $100 trade.

Now, as you get better and more confident in your abilities, those larger trades will become less stressful. However, for the time being, to keep your emotions in check, it’s best to go with smaller trades.

Get Rid of Your Ego

Yet another thing that will help prevent emotional trading is to park your ego at the door, so to speak. Yes, your ego is a part of your emotional state. For instance, if you win a few trades in a row and make some good money, it might get to your head.

In other words, a series of wins can artificially overinflate your ego. It comes to the point where you are falsely confident, and eventually you’ll start being reckless.

On the other hand, if you lose several trades, and you allow this to get to your head, it may make you far too cautious and scared of trading. Whether trading inflates or deflates your ego, both results lead to losing more trades. Therefore, to prevent emotional trading and losses, leave your ego out of it.

Educate Yourself

One of the best things that you can do to prevent emotional trading is to get educated on the matter. Simply put, the more you know about Forex, stocks, and other markets, the less you need to rely on your gut feeling.

Of course, your gut feeling has to do with your emotions, but gut feelings can often be wrong. Trading without a solid education and a good knowledge base is a sure-fire way to end up losing, and this will only make you more emotional.

It’s a vicious cycle, one that you need to prevent from occurring in the first place. The more you know, the more confident you can be in your abilities. Therefore, if you are confident, when you place trades, you won’t be very worried about them. It all comes down to knowing what you are doing.

Use a Solid Strategy

Related to the previous point, something else that you can do to prevent emotional trading is to find, refine, and practice a good trading strategy, or even several of them. The fact of the matter is that no professional trader just places trades on a whim.

Every good trader has a good strategy behind them. If you use a time tested strategy that is proven to produce positive results on a consistent basis, then you can be confident in your trades. The better your strategy, and the better you are at its execution, the less emotional this whole process will be.

Only Trade What You Can Afford to Lose

Perhaps one of the biggest mistakes that newbie traders make is to trade with money that they cannot afford to lose. Folks, if you gamble with your rent money, your school tuition, your money that you need to put food on the table, it is automatically going to create stress and an emotionally charged situation.

If you do this, you absolutely need every trade to go your way. If one trade goes south, oops, you just lost your only way to pay this month’s rent.

To help keep emotions to a minimum, you need to only trade with money that you can comfortably afford to lose. In the event that you do lose some money, if you didn’t need it to survive, it’s not going to affect your mental state in any significant way.

Start Taking Care of Yourself

One of the most important things for you to do if you want to prevent emotional trading is to actually take care of yourself. By this, we mean make sure that you are in a good mental state, as well as in good physical health.

The reality is that there are many things that can cause you to become emotional, and they will all affect your ability to trade in a rational and reasonable manner. If you are super depressed, stressed out, anxious, tired, malnourished, or anything else of the sort, it’s going to affect your mental state and your emotions.

If you start the day of trading already stressed out, you can probably guess that things aren’t going to go your way. So, just take care of yourself, take a personal mental health day, drink a hot tea, and take a bubble bath.

Start Getting Used to Risk & Loss

Yet another way to prevent emotional trading is to get used to the idea of risking your money and potentially losing it. Folks, this is the name of the game.

You are gambling your money, albeit in a rational and analytical way, but in a sense, it is still gambling, and when you gamble, there is always a chance that things won’t go your way.

You won’t ever be a profitable and confident trader if you cannot accept the fact that sometimes you will lose, undoubtedly. The best of the best traders can put their emotions aside, suck it up, and keep going. This is the nature of trading.

It’s About Quality, not Quantity

The other thing that we want to stress here is that trading is about quality, not quantity. Simply put, if you put research and effort into finding the best possible trades, you can be reasonably confident in them.

However, if you just place a ton of trades and hope for the best, it’s going to be super stressful and emotional. This is always the case, no matter what, quality is always better than quantity.

How to Prevent Emotional Trading – Final Thoughts

There you have it folks, some great ways to prevent emotional trading from dictating your trading game. If you truly want to become a profitable trader, we recommend taking a look at the Income Mentor Box Day Trading Academy, one of the world’s most respected online schools for aspiring traders.