Forex Time Wasters to Avoid

Forex Time Wasters to Avoid

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

9 Forex Time Wasters – STOP IT!

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

Waiting for Inspiration

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

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

Worrying About the Opinion of the Sheep

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

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

Complaining

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

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

Trying to Please Everybody

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

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

Comparing Yourself to Others

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

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

Repeating the Same Mistakes

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

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

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Perfectionism

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

Fear of Failure

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

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

Not Living Your Life

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

Forex Time Wasters – Final Thoughts

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

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Forex Mistakes to be Avoided

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

Forex Mistakes to be Avoided

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

Forex Mistakes: Inaction

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

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

Impatience

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

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

Trading Huge Positions

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

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

No Discipline

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

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

Forex Mistakes: A Lack of Knowledge

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

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

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

Ignoring Stop Losses

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

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

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Not Engaging in Risk Management

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

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

Forex Mistakes: Failing to Monitor Positions

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

Forex Mistakes to Avoid – Final Thoughts

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

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Andrew’s Forex Trading Tutorials

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

Andrew’s Forex Trading Tutorials

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

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

Andrew’s Trading Channel & Forex Trading Tutorials

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

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

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

The Latest Forex Trading Tutorials

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

Forex Trading Tutorials

Forex Trading Secrets

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

A Gold/USD Trading Strategy

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

Profitable Trading Ideas

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

Mobile FX Trading

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

Starting with no Money

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

Don’t Forget About Andrew’s Telegram Group

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

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

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Andrews Forex Trading Tutorials – Final Thoughts

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

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

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Best New Forex Autotrader!

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

Best New Forex Autotrader!

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

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

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

The New Forex Autotrader

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

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

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

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

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New Forex Autotrader Release – Stay Tuned!

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

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The Social Trading Bot is Here!

May 4, 2020May 4, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

The Social Trading Bot is Here!

OFFICIAL SITE: socialtradingbot.com

Yes, it is finally time, the Social Trading Bot application is finally here! The fact of the matter is that it has been quite some time since a reliable new trading system has been released, but the wait is now over. Today, the Social Trading Bot platform is making its first appearance in the world of FX and CFDs. Sure, there are some decent autotraders and semiautomated apps out there for traders, but nothing like this.

The simple reality is that the majority of pieces of software designed for easy day trading just don’t live up to the hype. Either they don’t work nearly as well as promised, or they are just outright scams. However, this is definitely not the case here. This is one of those rare occasions where a new piece of software is the real deal.

The Social Trading Bot system is said to be one of the best in the world, and it really does have some special features which make it one of a kind. Today we are doing our initial Social Trading Bot review, a bit of an introduction to let you know what it’s all about. This particular piece of software comes loaded to the brim with easy to use features, it’s user friendly, reliable, and yes, profitable too. Folks, if you are sick and tired of losing trades, it might be time to check out this new platform.

What is Social Trading Bot Software?

This is a brand new piece of technology designed to help make the lives of day traders much easier. First and foremost, when it comes to the assets or markets it can trade, it is designed specifically for Forex and CFD trading.

This is something we do appreciate, because being able to trade all CFDs and currency pairs is a big deal. There’s not many other systems out there that can trade both of these things, especially not reliably.

In terms of automation, you should beware that this is not a fully automated trading application. It is semi-automated. What this means is that it does automatically generate the most profitable and reliable FX and CFD signals to trade with. However, it does not execute the trades on your behalf. You do have to manually execute individual trades.

This is actually something we tend to like, way more than full autotraders. Being able to manually select individual signals to execute trades with offers a much better degree of control over trading. In layman’s terms, the Social Trading Bot app is a semi-automated trade platform for CFDs and Forex, one that generates very reliable signals.

How does the Social Trading Bot App Generate Signals?

Something else you might be wondering about this app, seeing as it generates CFD and Forex signals, is how it generates those signals. How does it work? Now, you might be used to traditional applications, ones that perform a multitude of technical analyses and fundamental analyses to perform trades. Sure, this is just fine, and if done right, it should work to win trades.

However, there is a problem, mainly that this kind of fundamental and technical analysis is not overly reliable in volatile markets, economic crashes, and big market shifts. During times of mass market fluctuations, these autotraders just do not work very well.

Yet, this is where the Social Trading Bot system comes into play. This piece of software works by generating CFD and Forex signals using a myriad of news analysis, economic analysis, and real time market development analysis.

In other words, during times like this, economic shifts caused by the current coronavirus, this kind of current news analysis is much more reliable for generating accurate signals than straight up technical or fundamental analysis ever could be.

In fact, the Social Trading Bot app was designed specifically to be used in such times of economic uncertainty, during massive market shifts, economic crashes, and other such volatile times. Now, in the midst of the coronavirus pandemic, which is seeing the market move in directions that old school technical and fundamental analysis cannot handle, it may be time to use this specialized app designed exactly for times like this.

Who is The Social Trading Bot Platform Made For?

Simply put, the Social Trading Bot platform is designed for anybody and everybody. What does need to be said is that it is designed for newbies, for people that really don’t know much about trading Forex or CFD. The whole thing is made to be very easy to understand, user friendly, and it really does all of the work for you.

It features one click trading with minimal analysis, if any at all. Technically speaking, all signals come with all of the info you need, easy to understand stats, which help you decide whether or not to execute a trade on any particular signal. Sure, there is no reason why are more seasoned trader can’t use it, but it’s definitely designed for novices. It makes trading easy and profitable, even for people who really don’t know the first thing about Forex or CFD.

Social Trading Bot Review – The Verdict

One thing which we can say for sure about Social Trading Bot software is the fact that it is legit. It is not some kind of scam that is going to steal your money, and it seems as though it will perform as promised. All in all, this software is designed for newbies, so it’s easy to use even if you don’t know much about CFD or Forex trading.

It’s the real deal and it’s designed to make profiting from CFD and Forex trades as easy as can be. Yes, we will be doing more Social Trading Bot reviews in the days to come. We’ll be doing some FAQs to answer your most pressing questions about it.

We will also be doing some live trading sessions with it, just to see how well it actually performs. However, when all is said and done, we would definitely recommend giving this Social Trading Bot app a shot. It will undoubtedly change your life for the better and start putting real money in your pockets!

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Best Social Trading Bot Features

May 4, 2020May 4, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Best Social Trading Bot Features

OFFICIAL SITE: socialtradingbot.com

The Social Trading Bot platform is a truly one of a kind day trading application, one designed to allow newbies to make easy profits. Today we are here to take a look at the best Social Trading Bot platform features to show you just how easy it is to make a profit.

Social Trading Bot Software – Best Features

Okay, so now that we have established exactly what the Social Trading Bot app is and what it can do for you, it’s time to take a closer look at the platform.

As we said before this semi-automated day trading platform for Forex and CFDs, what appears to be quite a reliable one.

Moreover, it’s designed to be super user friendly and easy to trade with. Let’s take a look at the best Social Trading Bot platform features which make it such a joy to trade with.

The Economic Calendar

One of the best features you get with this Forex & CFD trading platform is the economic calendar. When it comes to FX/CFD trading, economic calendars are always crucial to success. More than anything else, they can tell you if there is 3 Bull News on the horizon for any given currency.

Of course, this is very important to be aware of, especially for currency trading. The economic calendar included here provides you with vital market information and news, real time and up to date info that will help you determine what the best signals to trade with are on any given day.

What’s cool is that this particular economic calendar is divided into sections. You can choose to look at economic news from various countries, from continents, or you can look at the G20 countries too.

Dynamic Economic Calendar

The Social Trading Bot platform does also come with a more advanced dynamic economic calendar. It is somewhat similar to the normal economic calendar, but it helps to provide you with much more specific economic news and developments of the day, factors that can and will affect your trading.

One thing you might see on this dynamic economic calendar is something like “USA GDP Advance -4%”, which gives you a good indication of what is going to happen with the USD in the near future. Having access to this kind of accurate and up to date economic information of specific countries is vital to Forex and CFD trading success.

Social Trading Bot Fundamental News Table

Yet another feature of the Social Trading Bot platform which you may really appreciate is the fundamental news table. As the name of it implies, this is a feature which will provide you with real time, up to date, and accurate fundamental news developments from around the world.

This therefore allows you to do a bit of your own fundamental analysis on signals. An example of what you might see here is something like “Dollar holds weaker as focus stays on the fed”. It’s an important piece of news you’ll need to be aware of if you want the USD to be one of the currencies you plan on trading for the day.

The Forex Heatmap Screener

One of the best Social Trading Bot platform features you get here is the so called Forex heatmap screener. Now, Forex heatmaps are not exactly new. They have been around for quite some time, and yes, they are very useful for FX trading.

However, what is new is that this heatmap screener is included in a trading platform, this one. This has never been the case before and we do think that the addition of this feature is rather genius.

A simple way of explaining what this is, is that it is an indicator, one which informs you of the relative strength of one currency against another. It’s a really ingenious tool, something that every FX and CFD trader can use to their advantage. Let’s keep in mind that this is a super advanced feature that comes to you totally free of cost.

Cross Rates Info

The cross rates feature is related to the heatmap screener, but instead of focusing on major and national currencies, it focuses on “the currency exchange rate between two currencies when neither of those currencies are the official currencies within the countries in which the exchange rate quote is given”. That is the definition of a cross rate, and if you plan on being a successful FX trader, you better get familiar with what these cross rates are and what they tell you.

Social Trading Bot Signal Probability Indicator

Perhaps the number one best feature which you get with the Social Trading Bot platform is the signal probability indicator. This is a special feature which actually tells you what the chances are of any given trade being a winner.

For instance, here you might see something like “USD/CAD probability rating 80%”. This would mean that the particular signal for USD/CAD has an 80% chance of turning out to be in the money.

This kind of exact estimate in terms of whether or not a trade is going to be winner is essential to success. One little piece of advice we can give you here is to never place trades on signals that have a probability rating lower than 72%.

One Click Trading

Although not exactly a platform features like the others we have looked at so far, Social Trading Bot software does feature one click trading. In other words, all relevant info and signal parameters are provided for you. You literally just have to use your mouse, click once on a specific signal, and the trade will be executed for you. Folks, CFD and Forex trading really does not get any easier than this!

Social Trading Bot Platform Features – Final Thoughts

The bottom line is that the Social Trading Bot app is one of the most feature friendly FX and CFD trading platforms around. It comes with everything you need to make profits. It’s so easy to use that even a total newbie can make money with it! We will be doing further Social Trading Bot reviews, including an FAQ to answer questions, as well as a live trading session to see how well it performs.

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Getting Rich Trading Forex – RULES!

April 28, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Getting Rich Trading Forex – RULES!

If you are a newbie to Forex trading, and trading the market in general, you’re probably quite worried about losing money. The fact of the matter is that yes, there is a certain amount of risk involved with Forex trading. If you don’t do it right and you don’t follow the rules, getting rich trading Forex is not easy.

However, this is what we are here for today, to provide you with the best tips for getting rich trading Forex. There are a few very basic rules and principles that you must follow at all costs if getting rich trading Forex is your goal. Yes, people, it is possible to make a whole lot of money trading currency pairs, but you need to do it right.

Getting Rich Trading Forex – Best Tips

Our very own Andrew, A, the leader of a variety of trading channels, as well as the Income Mentor Box Day Trading Academy, just released and a brand new tips video on this very subject. Getting rich trading Forex is the name of the game, and Andrew is here to make it happen.

Always Reinvest

If you plan on getting rich trading Forex, one thing that you need to avoid doing at all costs is to bank or withdraw your profits. This is especially the case if you started off with a relatively small trading account. A big mistake with many greenhorns make is to always withdraw their profits as soon as they occur. This is a great way to get nowhere in the world of FX.

If you only have your initial investment amount in your account, it means that you can never increase the number of trades you place at once, plus you also cannot invest a lot of money per trade.

You need to keep as much of your profit in your trading account as possible. This is how you grow an account. It’s all about accumulating profits, kind of like interest at the bank. The more money you have in your account, the more interest accumulates, the more money you have, and the more interest there is. This is a cycle, one that is the same with Forex trading. People, keep reinvesting those profits!

Don’t Be Afraid to Move Against the Pack

One of the worst things that you can do as a newbie FX trader is to always be a sheep and to follow the herd. People who are afraid to think outside of the box or trade against the herd usually do not get very far at all.

Yes, this herd mentality can sometimes lead to some profits, but what usually happens when you follow the herd for too long is failure. It’s like if 1 sheep runs off a cliff, the whole herd will run off the cliff. This is often what happens here in FX trading.

When it comes to getting rich trading Forex, being the wolf or the black sheep can be very advantageous. Move against the pack, take a risk, and make it big. Yes, trading against the herd can be a bit risky and dangerous, but you won’t ever get wealthy via Forex trading if you never take risks. Think outside the box.

Don’t Be Idle

If you plan on getting rich trading Forex, one of the worst things you can do is to be idle or to sit on your hands. This is what Andrew refers to as sucking your thumb. Folks, if you don’t take risks and you don’t execute those trades when good opportunities arise, you won’t ever get anywhere. If an opportunity for profit presents itself, and the risk level suits your needs, go for it.

There is no point in trading FX if you are going to sit there doing nothing but analyzing things the whole time, all the while never placing trades. Yes, trading is risky, but those who risk it all are sometimes rewarded big. Simply put, you won’t get the puck in the net if you never take the shot. Get your stick on the ice and start shooting big.

Have a Plan

When it comes to getting rich trading Forex, another big mistake which many newbies make is to trade without a solid plan. Folks, there are thousands of different ways to trade FX out there. Between all those different charts, indicators, oscillators, and analysis tools, you can find thousands of different trading strategies.

No, you don’t need to know a thousand strategies, just a few good ones that you understand, ones that work well for you. The worst thing you can do is to start trading blindly and emotionally. Learn some good trading strategies, learn the basics of Forex, make a solid plan on paper, and then stick to it.

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL

Stop Wasting Cash

Rich people get rich because they save every last penny, not by spending it on frivolous junk. Stop buying expensive dinners and clothes, stop wasting money on useless garbage, and get an old second hand car instead of that new Ford Mustang.

Simply put, stop wasting your cash and pay attention to the small stuff too. Even small expenses like buying a cup of coffee from the shop instead of making your own brew starts to add up real quick. Use your money for to get rich trading Forex, focus your resources on trading, and then once you make it big, that’s when you can start spending.

Risk Assessment

One of the other tips to get rich trading Forex is to always engage in some good old risk assessment. You need to know how much money you can risk without completely bottoming out. Never trade with more cash than you can lose. If you need that last $1,000 to pay the rent, don’t trade with it!

Get Rich Trading Forex – Final Thoughts

The bottom line is that to get rich trading Forex, there are certain rules which you need to follow, rules which will either make or break you! If you really want to learn everything there is to know about how to get rich trading Forex, we would recommend joining the Income Mentor Box Day Trading Academy.

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

Learn Forex Trading With Andrew

April 27, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

Learn Forex Trading With Andrew

If you have just entered the world of FX currency pair trading, you’re probably a bit worried and quite intimidated too. The fact of the matter is that FX trading is not easy, not at all, but if you learn from the right places, it is possible to be very profitable. If you are intimidated by FX trading and you are tired of losing trades, you might want to learn Forex trading with Andrew.

For those of you who don’t know, Andrew is a rather perfect person to learn Forex trading from. He has created his own highly successful day trading school, known as the Income Mentor Box Day Trading Academy.

He also has a variety of day trading channels on various funnels, each of which can help you become a better FX trader in one way or another. Today we are here to talk about all of the ways in which you can learn Forex trading courtesy of Andrew. If you want to become a successful, profitable, and self-sustaining FX trader, you have come to the right place.

Who is Andrew?

Andrew A is a long time Forex trader, stock trader, crypto trader, and so much more. He may be a young man, but he has been in the day trading business for nearly a decade now. He has managed to see great success throughout the tenure of his career. Seeing as he himself was so successful, he decided that he wanted to help others learn Forex trading, so everybody can be as successful as he is.

What we do also want to make clear is that Andrew is the real deal. He’s not a fake person, he’s not a fictitious character, and he’s also not some blowhard full of hot air. This man is the real deal, and there is quite honestly nobody we would rather learn Forex trading from than him. He has a massive following on YouTube, Facebook, Instagram, and other social media platforms too, just in case you want to go look him up!

On a side note, something that will definitely help you learn Forex trading from Andrew is the fact that he does his best to explain everything in a very simple way. Remember, everything Andrew does is designed for newbies and beginners. Therefore, he ensures that all of the day trading educational content he produces is very easy to grasp.

Learn Forex Trading with Income Mentor Box

When it comes down to it, the number one place in all of the world to learn Forex trading is at the Income Mentor Box Day Trading Academy. Although this particular day trading course has not been around for too long, about a year now, it has already seen great success. It has managed to turn thousands of newbies into trading professionals.

Here, as a member of IMB, you will gain access to 55+ full length trading tutorials. Each tutorial or lesson focuses on a different topic related to FX and day trading in general. It starts out with all of the easy terms and basic tenants of trading, and then quickly moves along to teach you all about charting solutions, indicators, trading strategies, and so much more.

Quite simply, here you will learn the ins and outs of FX trading, literally everything you need to know to turn you into a professional and profitable day trader. It’s also worth mentioning that the Income Mentor Box Day Trading Academy costs only $299 to join. Yes, this is a single onetime payment with no recurring or additional costs of any sort. $299 can be made up through FX trading in a matter of hours, thus totally offsetting this cost.

Learn Forex Trading with Andrew’s Telegram Trading Channel

Another great place to learn Forex trading is from Andrew’s Trading Channel on Telegram. Telegram is a messaging app. This is a highly refined day trading funnel where you can learn Forex trading. Let’s take a closer look at exactly 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

Yes, these are resources which you will have access to each and every single day. They can all come in extremely handy for anybody and everybody that wants to become the best currency pair trader they can be.

CLICK ON IMAGE TO GO TO ANDREW’S TRADING CHANNEL

Learn Forex Trading with Andrew’s Trading Channel on YouTube

The other resource you can learn Forex trading from, courtesy of none other than Andrew himself, is his very own trading channel on YouTube. This is a channel where Andrew uploads daily trading videos, usually about Forex trading strategies, but sometimes about commodities, stocks, and crypto too.

Every day he uploads a new video, generally about a killer trading strategy that you can easily master simply by watching him. The beauty of this YouTube channel is that Andrew does everything right in front of your eyes, so you can easily follow along and learn Forex trading on the fly.

Let’s not forget that Andrew often does live trading streams. If you catch one of these live streams, not only can you learn Forex trading, but you can also copy his trades as he makes them. That is right folks, you can copy his trades and make money in real time along with Andrew while he does the same!

Learning Forex Trading – Final Thoughts

As you can see, there is really no better person to learn Forex trading from than Andrew. He has the skills, knowledge, and people skills to teach even the greenest of newbies how to be successful. If you want a truly comprehensive and full scale Forex trading education, you definitely want to check out the Income Mentor Box Day Trading Academy.

Moreover, both of Andrew’s trading channels on Telegram and YouTube are also great resources to teach you the latest and best FX trading tips, strategies, and so much more. Stop trading blindly. Learn how to engage in profitable Forex trading now, so you can start making real money and stop losing it!

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

Forex Pro Island App Complete Guide

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

Forex Pro Island App Complete Guide

OFFICIAL WEBSITE: www.forexproisland.com

The Forex Pro Island App is brand new, it works very well, and it puts money into pockets without any work having to be done. Right now, we are doing this Forex Pro Island App complete guide to provide you with all of the most important info about it.

How Many Bots are Included?

Something that makes this Forex Pro Island App so unique is the fact that it does not just trade all currency pairs. Instead, this autotrader is designed to trade 6 specific currency pairs, the most popular ones like AUD/USD, EUR/USD, and four others as well.

Unlike with other autotraders that trade all currency pairs, but do not do so very well, this particular app only trades 6 specific currency pairs.

However, the whole point here is to execute quality trades to produce profits. In other words, here it is not about the quantity of signals or FX pairs that can be traded with, but about the quality of the best signals possible. This application comes with a total of 6 trading bots included, 1 specific one for a certain currency pair.

Should I Let All 6 Bots Run Simultaneously?

Something which many people are wondering about this Forex Pro Island App is if it is possible or recommended to allow multiple bots to run at once, even all 6 of the bots simultaneously. Well, this really has to do with the level of risk which you are willing to engage in.

The more bots you have running at once, the more capital you will need to trade with, and the more trades are placed. Yes, running more of the 6 currency bots at once may be a little riskier, but it does of course also increase your profit potential.

It is recommended that at first, you start off by running 1 or 2 of the bots, just to see how it all works. Once you start feeling comfortable with this software, you can then increase the number of active bots to 3, 4, or even all 6. So yes, if you feel like it, there is no reason why you could not let all 6 of the Forex Pro Island App’s bots run at once.

Where to use the Forex Pro Island App

Something that you do also need to be aware of here is that the Forex Pro Island App is designed specifically for use with the MetaTrader 4 platform. Some people have been asking whether or not this app can also be used with MetaTrader 5. The answer is no, it cannot.

This automated day trading application is designed for use specifically with the MT4 platform. Yes, this means that you will first need to download and install MetaTrader 4. You will then have to download and install FX Pro on the MT4 platform.

How Do I Set The Forex Pro Island App Up?

What is kind of interesting here is that the hardest part of using this Forex Pro Island App is the initial setup process. Alright, so there is actually too much for us to explain in terms of setting this application up and getting it to work right. Below, we actually have an in depth video installation guide which will take you through the exact steps.

You need to be aware that there are over 10 different steps included in the installation process, and some of them can be a bit technical. However, it is absolutely crucial that you install the Forex Pro Island App properly, or else it will not be able to trade automatically on your behalf. Here we also have a link to an in depth installation guide with a step by step tutorial for your benefit. No, installing this app is not rocket science, but it does need to be done properly.

How Do I Use this Software – Is it Hard?

Many people are also wondering how hard it is to use the Forex Pro Island App. Well, as mentioned before, the hardest part about this whole thing is installing the software. However, using it is a different story. This software incorporates a highly sophisticated and advanced algorithm which performs a multitude of analyses to ensure that only the best and most reliable signals are traded with.

It does all of the fundamental analysis, technical analysis, and news analysis for you. This FX autotrader even executes and closes trades on your behalf. It comes complete with entry prices, stop loss levels, and take profit levels too. In order to make money with this FX autotrader, you literally just have to select any or all of the 6 included currency trading bots, turn them on, and allow them to trade on your behalf. Folks,

Forex trading really does not get any easier than this. The Forex Pro Island App does literally all of the work for you. As long as you have it installed properly on MT4 and you have an internet connection, this system will run on your behalf and put some pretty substantial profits in your pockets.

Can I Close Trades Myself?

What is quite neat here is that although the Forex Pro Island App does open and close trades on its own, you do also have the ability to close them manually. If you feel as though the trade is in the money, but will not reach the set take profit level, you can close the trade manually. This is also the case if the trade is going south and losing money. The fact that you can manually close trades with this autotrader is a pretty big deal and a clear advantage over other FX autotraders.

When Should I Let the Autotrader Run?

As is the case with all automated trading applications, there are ideal times to run the Forex Pro Island App, and times which are not good. First and foremost, the FX market is closed on the weekends, and therefore there is no point in running this app on Saturday and Sunday. However, seeing as the FX market is open during the week, this app should be allowed to run free on the weekdays.

Now, something that is important to note is that Monday’s and Friday’s are a bit risky, risker than the other 3 weekdays anyway. If you want to see the highest profit potential, let the bots run 24/5. However, if you plan on minimizing risk as much as humanly possible, letting the bot run on Tuesday, Wednesday, and Thursday is recommended.

Who Created the Forex Pro Island App?

We do want to stress that the Forex Pro Island App is indeed not a scam. It is legit and it is the real deal. A big reason why we trust this automated FX software so much is because we know who is behind it, and we trust him 100%. The man behind this autotrader is Andrew A. Andrew is a long time day trading expert in Forex, stocks, crypto, and so much more.

He has been in the business for many years and he definitely knows what he is doing. You might recognize Andrew from his very own Income Mentor Box Day Trading Academy.

For those of you who don’t know, the IMB Day Trading Academy is a one of a kind Forex trading course, often regarded as being the best in the world. You may also recognize Andrew from his trading channels on both YouTube and Telegram. This is a man who helps aspiring day traders make it big, we trust him, and therefore we trust the Forex Pro Island App too.

How Much Will it Cost Me?

The Forex Pro Island App is very reasonably priced indeed. It will cost you a single onetime payment of $299 USD. $299 might seem like a lot of money, but when you compare this cost to just how profitable this autotrader is, the cost is more or less irrelevant.

Let’s just remind you that Andrew himself was able to achieve a 79% win rate with $1,100 in profits in just a few hours of trading with this app. As you can see, the cost of the application can be made up in less than a single day, and yes, it really is a onetime payment.

Can I Use the Forex Pro Island App on Mobile Devices?

What is also very nice about the Forex Pro Island App is that it does indeed work on mobile devices. As long as you have MetaTrader 4 installed, and you have an iOS or Android phone, this app will work seamlessly. Let’s not forget that this FX autotrader is also available in virtually every country in the world!

Forex Pro Island App Guide – Final Thoughts

Folks, if you have any more questions about this Forex Pro Island App, please feel free to ask and we will get back to you as soon as you can. All things considered, this has to be one of the very best autotraders for FX out there, and we would definitely recommend giving it a shot.

The Best Forex Trading Method

April 15, 2020 Fabian FabianLatest News / Latest News / NewsLeave a comment

The Best Forex Trading Method

OFFICIAL SITE: INCOMEMENTORBOX.COM

Have you ever wondered what the best Forex trading method is? Yeah, there are hundreds of different ways to trade FX, but they are not all the same. Some are faster than others, some slower, some more reliable or less, and when all is done, they all feature different profit margins too. Right now, we want to take you on a journey of what is the best Forex trading method out there. It’s all about putting money in your pockets!

Best Forex Trading Method #1 – 5 Minute Scalping

One of the important trading methods which Andrew discusses in one of his most recent trading tutorials is the 5 minute scalping strategy. For those of you who don’t know, scalping in FX is all about placing a large quantity of small trades, all on short 5 minute time frames.

The whole point of this kind of trading is to make lots of quick little profits. No, single trades are not going to produce huge profits here, but the point is that this is a reliable way of trading, and profits from those single trades do start to add up real quick.

When it comes to one of the best Forex trading methods out there, this 5 minute scalping strategy is definitely one you should be familiar with. As you can see from Andrew’s videos, both of them, he manages to make healthy and consistent profits trading in this exact manner.

Best Forex Trading Method #2 – Coronavirus Trading

Yes, it is of course unfortunate that our world is currently in the midst of a coronavirus pandemic. There are hundreds of thousands of people who are ill and tens of thousands who are dying. No, this is not a good time for planet earth and its inhabitants.

Now, although it sounds crass to say, there is a silver lining to every dark cloud. There is always some good to be found in the bad, and when it comes to the CO-VID 19 pandemic, it does produce some decent opportunities for FX trading.

You see, what the best Forex trading method is at any given time depends on the specific economic situation in the world. Yes, it is possible to take advantage of the current coronavirus pandemic in FX trading. In this particular video, Andrew explains how to trade FX profitably during this otherwise horrible time on planet earth.

Best Forex Trading Method #3 – The Gold Breakout

Something else that is very important is that you know when to trade certain assets against currencies. For instance, in Andrew’s latest trading video, he demonstrates how to trade Gold against the USD for profits.

It appears as though gold has experienced quite the breakout during the last couple of days, with massive price fluctuations happening. This is of course also due to the coronavirus pandemic and the state of the US economy. In this video, Andrew was able to trade XAU/USD and make an ROI of 650%.

Thanks to the gold breakout, Andrew was able to make a killing on the Forex market. The best Forex trading method is all about taking advantage of a situation at a moment’s notice, like this gold breakout. Check out the included video to see exactly how Andrew did this.

Best Forex Trading Method #4 – Candlestick Pattern Cheat Sheet

If you are not familiar with candlestick patterns, this is the perfect place to do so. Candlestick patterns can of course take many different forms, and they all indicate whether a price is going up, down, or remaining at the same level, plus more.

Simply put, if you know how to read candlestick patterns and how to place trades based on that analysis, you do stand to make a heck of a lot of money.

In this particular tutorial, Andrew talks about what candlestick patterns are, how to read and analyze them, and how to place trades based on that analysis. Some of the best Forex trading methods out there involve candlestick patterns, so this is definitely a lesson worth checking out.

Best Forex Trading Method #5 – MACD Turbo Trading

When it comes to the most profitable Forex trading strategies, this one could just be the very best Forex trading method out there at this time. The MACD indicator is one of the most popular indicators out there, and there is a lot that it can tell you.

Simply put, this is a momentum based indicator that can tell you all about price direction and momentum. If you plan on being a profitable currency pair trader, knowing what this MACD indicator is, what it tells you, and how to use it is very important.

Moreover, in this particular video, Andrew demonstrates how to use the MACD indicator to make small and fast turbo profits. In this sense, it is kind of like the 5 minute scalping strategies which we looked at in the beginning of today’s article.

5 Ways to Become Profitable in Forex

Now, this last lesson we want to talk about is not really about one single best Forex trading method. It is more a list of tips and tricks you should put to use in order to be a profitable FX trader. If you are a newbie currency trader, we would definitely recommend watching this whole video from front to back. These are some of the best Forex trading tips you will ever get.

The Best Forex Trading Method – Final Thoughts

When all has been said and done, as you can probably tell, there is no single best Forex trading method. The best strategy for trading FX can take many different forms. It all depends on how much capital you have to trade, if you are a newbie or a seasoned pro, and of course it all depends on the situation at hand.

As mentioned above, this Coronavirus has created some great FX trading opportunities, especially right now with Gold. All of these video tutorials for the various Forex trading strategies out there will go a long way in making you a profitable trader. That said, if you really want to be the best day trader out there, learning from the Income Mentor Box Day Trading Academy is what you need to do.