Support & Resistance – PROBLEMS & RULES!

Support & Resistance – PROBLEMS & RULES!

OFFICIAL WEBSITE: IncomeMentorBox.com

Many traders out there assume that support and resistance trading is totally foolproof and will always lead to profits, which is of course not always the case. There are some support and resistance problems, issues, rules, and tips that you always need to keep in mind. Let’s go over these right now!

Price Does Not Always Bounce For Support & Resistance Lines As Expected

Perhaps one of the biggest problems, and one of the most important things that you need to keep in mind about support and resistance trading is that prices do not always react as you would expect. Sure, support and resistance can be a great indicator tool for placing Forex and other trades. However, it is not totally fool proof, and sometimes the price does not react the way we would like, or would expect in terms of the lines on your charts.

Prices Can Bounce A Couple Ticks Before The S&R Level

One thing that can happen here is that the market can bounce with a counter rotation of quite a sufficient size. The market can continue up with a reasonable bounce or it can continue moving lower, but can also continue to move back and forth by a certain number of ticks when it does. There is a lot that is possible at this point and making premature assumptions with support and resistance can quickly lead to your downfall. You should always wait for a full market rotation when you see this occurring.

A Price Can Slice Straight Through The Support and Resistance Level

If a price happens to slice through a support or resistance level, there is really no telling what it can do. For instance, if the value of an asset goes right through a resistance level, instead of bouncing back from it as we would expect, there is really no telling where the next bounce will be. You need to be able to identify the common size of the rotation.

A Price May Breach a Support and Resistance Level And Bounce In The Original Direction

The normal way of trading support and resistance, while it does often work just fine, is not always 100% accurate. A price of an asset can often slice right through an area without the level of interest being invalidated. In other words, the prices can suffer from very random movements, and this can be a problem when using this trading method. For this, you need to set your stop loss levels to account for a certain degree of price movement randomness.

Historical Or Recent Support And Resistance?

Something else that you need to keep in mind is that your trading results will differ depending on if you are using historical averages or recent averages. Often, you will see S&R levels based on history, often several months or years, that worked fine for a very long time. However, then all of a sudden, the price stopped respecting these historical S&R lines, and just starts doing its own thing.

For this reason, it is very important to always update your support and resistance lines with recent information. You need to update your S&R levels each week in order to get the most accurate readings possible. You cannot just keep using the same historical averages over and over again. If the market stops respecting historical support and resistance levels, you have a big problem, and therefore updates need to be done. At the same time, remove older support and resistance levels so you do not get confused when conducting your analysis.

Body & Wicks

When it comes down to it, most traders out there use wicks and the extremes of candlesticks in order to draw support and resistance levels. However, what you also need to keep in mind here is that candle bodies themselves represent closing times on daily, weekly, and a monthly basis, and using these to draw support and resistance lines can help you better understand price movements.

When you are engaging in top-down market analysis, it is a good idea to start on a higher time frame and then slowly work your way down to the narrower time frames. When you are on the higher time frames, draw your levels using the bodies of the candles which indicate major swing points. Once you start moving down to lower time frames, you can adjust and fine tune your levels, which allows you to explain price action in the past with highly optimised levels. Always remain consistent in this approach.

One Or Multiple Touches For Support & Resistance?

Something else that you have to keep in mind when support and resistance trading is how many touches to your levels indicate price strength. More often than not, when trading with this method, traders will assume that the more touches a price has on a certain level, the stronger it is. However, this is not always the case and by all means, it can be a very false assumption to make. This is known as conventional wisdom, which can often be wrong when making generalized assumptions.

When trading support and resistance, all you really usually need is one previous swing low or high. When you have meaningful swing highs or lows, they will often turn into future support and resistance levels. Yet, when a price comes back to the same level a third time, it usually doesn’t hold too well anymore and it can become difficult to gauge price action. It goes against common sense, but a rule of thumb here is that the more obvious something seems on your chart, the harder it actually is to profit from it.

Support & Resistance – Final Thoughts

As you can see, S&R trading is not quite as straightforward as you might have thought at first. However, if you keep these rules, problems, and tips in mind, it should help make your life quite a bit easier. Of course, here at the Income Mentor Box Day Trading Academy, we have many support and resistance trading lessons so you can perfect this method. Join our academy today if you want to learn to trade using support and resistance the right way.

Why Take Day Trading Lessons?

March 20, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Why Take Day Trading Lessons?

OFFICIAL WEBSITE: IncomeMentorBox.com

Have you tried trading Forex, stocks, or anything else, but have not seen success and have been hampered down with countless losses? Well ,have you ever considered taking day trading lessons to help you hone your skills and perfect your trading strategies? The fact of the matter is that many people think they can just start winning trades and banking cash, just like that, but of course, this is not so. Day trading lessons are a must for anybody who wants to join the trader’s world! So, why should you consider taking trading lessons?

Day Trading Lessons Provide You With Mentorship

One of the biggest reasons why we would recommend taking trading lessons is because they provide you with real mentorship. Sure, you could go read some blog or watch some YouTube videos, but the information found online is mostly incomplete, if not just really bad. There is also the fact that there are tons of self-proclaimed trading gurus out there that know about as much about trading as monkeys know about rocket science.

When it comes down to it, you can’t learn to day trade on your own. It is more or less impossible to learn day trading, whether Forex or stocks, on your own. Here at the Income Mentor Box Academy, we provide the most comprehensive and in depth set of trading lessons out there right now. Our mentor, Andrew, has been trading for close to a decade and he knows what he is doing. It’s much easier to learn trading when you have an expert who can explain things to you in an easy to understand manner, something Andrew is adept at.

Trading Lessons Give You Trading Experience

Another reason why trading lessons are so important is because they provide you with much needed experience. By following along with all of the trading lessons at Income Mentor Box, you will gain the experience you need to trade confidently on your own. The fact of the matter is that if you start day trading without any experience at all, chances are you will suffer from some really big losses.

The whole aim here is to turn you into a self-sustaining and independent day trader that can survive on your own. All of the trading lessons which our Income Mentor Box Day Trading Academy provides are designed to provide you with real life experience that will turn you from a newbie into a confident day trader that can survive without any help at all.

Day Trading Lessons Teach You How To Use Brokers & Trading Platforms

Something which many newbies and beginners do not realize is that placing trades is not as easy as just copying signals. You have to be using a trading platform in combination with a broker. If you don’t know what you are doing, navigating a broker or trader platform can be very difficult, nearly impossible depending on which ones they are.

It can take days or even weeks to get the hang of, and that is time that is being wasted, time you could be using to make money. When you take trading lessons, such as from Income Mentor Box, you will quickly and efficiently learn how to navigate brokers and platforms alike, and it won’t take very long either. It will take our mentor, Andrew, about 30 minutes to get you comfortable with brokers and all kinds of platforms. When it comes to trading lessons, this might not be the most important one of all, but it is certainly a valuable skill to have in your arsenal.

They Are Much Cheaper Than Losing Trades

One thing that you also need to keep in mind about taking good trading lessons is that they end up saving you money in the long run. For instance, joining our Income Mentor Box Day Trading Academy is going to cost you a flat $299. There are no hidden costs, upgrade fees, or anything else of the sort. This is absolutely a onetime payment. For one, this is actually much cheaper than any other trading lessons out there. Second, for the price, you actually get a whole lot of value with Income Mentor Box, with over 50 separate trading lessons, a free EBook, and much more.

The fact of the matter is that you could easily lose $299 in a single trade. What we are saying is that spending $299 on trading lessons is going to help you save money. By gaining the knowledge, experience, and tools you need to become a successful trader, you will win way more stock or Forex trades than you ever would. The bottom line is that you do have to spend money to make money, and spending $299 a single time on some trading lessons is much less costly than losing trade after trade, time and time again.

Trading Lessons Will Teach You Various Strategies & Tips

One of the biggest mistakes which people make when they have never taken trading lessons is to trade blindly. You might not realize it, but day trading involves various indicators, oscillators, strategies, rules, and other tips which you need to be familiar with. There are literally hundreds of different trading strategies out there. Some might be good for one person, while some might be better for others.

However, if you have never taken trading lessons, you will never know about any of the most important strategies and tips. Simply put, here at the Income Mentor Box Day Trading Academy, you will learn the ins and outs of trading, both the basics and the more complex aspects too, and this includes strategies, tips, and winning secrets. The bottom line is that you need to learn how to trade, and you need to learn everything about trading, before you can expect to become a profitable day trader. The only way to really do this is by taking day trading lessons, such as with Income Mentor Box for instance.

Day Trading Lessons Will Teach You About Risk Management

Yet another things which newbie day traders are really not good at is managing risk and money. Yes, if you are going to be a pro day trader, you need to know all about risk. The fact here is that the market always involves risk. It does not matter if you are trading stocks, commodities, Forex, indices, or anything in between. There is always risk involved in the market, risk of losing trades and losing capital.

A smart trader knows how to gauge the level of risk involved with each trade, and knows how much cash is worth risking per position. If you don’t know how to engage in effective risk management and money management, not only will you lose trades, but you will run out of trading capital sooner rather than later. Taking trading lessons from an esteemed academy such as Income Mentor Box will teach you how to manage risk and investment capital.

You Get To Talk To People In The Same Boat As You

Yet another benefit that you get from taking trading lessons such as ours, is that you get to talk to other people who have limited experience with trading. You might think it useless to talk to other people who don’t really know much about day trading, but it is actually very useful. There is always a learning curve involved with this kind of thing, and being able to hash through problems with people in the same boat as you can be extremely beneficial.

Being able to communicate with other traders, and people who are taking the same trading lessons as you, can provide you with valuable insights. It’s not only your own experience that counts. If you did not know, here at the Income Mentor Box Academy, we provide a free members chat room exactly for this very purpose.

Some Courses Provide Free Trading Signals

Ok, so this is not the case with all trading lessons or day trading schools out there, but it definitely is when it comes to our own Income Mentor Box Academy. Sure, learning how to trade, getting experience, and having a great mentor are all big benefits no doubt. However, sometimes you just don’t have time to learn, or at least not as fast as you would like. Moreover, sometimes concepts take time to grasp, or you might just not have time to be a full blown professional day trading.

However, when you pay a low fee for our trading lessons from Income Mentor Box, you will also get free and unlimited access to our signals service. Yes, that is right, we provide trading signals, usually Forex, about 12 per day. You can take these signals as they come, copy them directly into your broker or platform of choice, and watch as the money rolls in. There is no other work needed and the positions come complete with everything you need to place the trades. It’s a pretty easy way to make money and a great bonus along with our comprehensive trading lessons.

The Value Of Day Trading Lessons – Final Thoughts

Day trading lessons are a truly invaluable commodity, one that as an aspiring day trader, you definitely need to take part in. Sure, you have to spend a few bucks, but the knowledge, skills, and confidence you will gain from trading lessons just cannot be beat. Spending a few bucks now to learn how to trade with Income Mentor Box will save you countless thousands of dollar in losses in the long run.

Profiting With The Economic Calendar

March 14, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Profiting With The Economic Calendar

OFFICIAL WEBSITE: IncomeMentorBox.com

Something we always stress when trading, whether Forex, CFD, or stocks, is that you always need to check the economic calendar. For those of you who don’t know, the economic calendar is one of the most crucial and useful resources in your day trading tool kit. Today we are going to talk about how you can profit through trading with the economic calendar. There is more to it than you might think, something that you will learn here at the Income Mentor Box Day Trading Academy.

What Is The Economic Calendar?

The economic calendar is a schedule of sorts, one which informs stock and currency traders of important developments in the market. Technically speaking, the economic calendar shows scheduled press events, news releases, and data releases which may affect the market. There are very many of these data releases that happen every single day, usually multiple ones per day. Each of these events is graded, usually on a scale of 1 to 3.

Each event has a grade in terms of how big its effect is expected to be for the market, especially in terms of the values of stocks and currencies. This is a very important thing to keep your eye on. Each day, before you start trading, you need to check the economic calendar for these data releases, as they all have significant influences on how you will trade that day.

The Economic Calendar – Risk, Volatility, & 3 Bull News

As we mentioned before, all of these press, event, and data releases are graded using numerical or color codes. This can be green, yellow, and red, 1, 2, or 3, or as investing.com displays it, their news releases are graded as 1, 2, or 3 Bull news. You might have heard us here at Income Mentor Box talking about 3 bull news before. Well, green and yellow, or 1 and 2, are OK. You can still trade with these news releases, but 3 Bull News is what you really want to look out for.

When there are 3 Bull News releases scheduled, it means that they will affect the market in a really big way. These news releases, which you can find on the economic calendar, can cause major swings in currency and stock market values. Therefore, you need to keep a close eye on this. We would recommend using the economic calendar on investing.com.

Investing.com - Economic Calendar — Image Courtesy of Investing.com

Make sure to set it to your own time zone, as looking at the wrong time zone can be disastrous. You need to look out for 3 Bull News. Generally speaking, most traders will close all Forex and stock positions about 5 minutes before 3 Bull News is set to be released. When these releases happen, you don’t know how the market will react, what degree of risk it creates, and in which value direction assets will go.

Therefore, it is recommended that day traders do not open any trading positions, Forex, stock, or otherwise, until a few minutes have passed since the last release of 3 Bull News. This will help you avoid very risky trading situations and high levels of volatility. 3 Bull News releases are highly unpredictable, and you should stave off of trading until they have passed.

Your Checklist – How To Use The Economic Calendar

When you are looking at your economic calendar, there are a few important things you need to look for. If you use the economic calendar to keep an eye on these various factors, your chances of making profits through Forex and stock trading greatly increase. Just in case you want to trade stocks, check out these big time cannabis stocks that have huge profit potential right now.

What time is the economic news being released? Remember, close your trading positions at least 5 minutes before an important news release (3 Bull News), and wait for a few minutes to open a position after the news has passed.

What is the standard interpretation of the economic news? Is the value of a certain asset set to go up or down? While this is a good way to gauge what kind of trading positions you should open, you should still wait until well after the 3 Bull News has been released.

How important is the economic news release coming out? On the scale of 1 to 3, where is it ranked? The higher it is ranked in importance, with 3 Bull News being the most important, the greater its overall effect will be on the market.

Which Indicators Influence The Economic Calendar?

What you should also know is what kind of indicators are used and which ones are utilized to determine the news releases and their degree of importance. The following are all factors taken into account when it comes to the economic calendar.

GDP reports
Housing starts
Industrial production
Producer price index
PMI
Consumer confidence index
Consumer credit report
CPI inflation rate
Durable goods
Employment reports
Existing home sales
Factory orders
Jobless claims
Trade balance
Retail data

Our Live Economic Calendar Trading Session

If you have already watched the video which we have included here, courtesy of our own Andrew from Income Mentor Box, you know that trading using nothing else other than the economic calendar can indeed be very profitable. As Andrew notes in the live trading sessions, if you use the economic calendar right, you can use it to place trades without any other strategies being used.

As you can see from the live trading video, Andrew from Income Mentor Box used it to place a total of 4 Forex trades, all 4 of which turned out to be winners, generating around 1,300 Euros in profits. Guys, Andrew used nothing else but the Economic Calendar to win 4 trades and 1,300 Euros in just about 1 hour of trading. If you follow our tips and use this resource to its fullest, there is no reason why you cannot do the same.

Trading With The Economic Calendar – Final Thoughts

The bottom line is that you never want to trade without first consulting the economic calendar. It is a resource that you should never ever forget to use. Remember folks, our Income Mentor Box Day Trading Academy is all about turning you into a day trading professional. For one very low fee, you get access to a multitude of course materials. This includes over 50 day trading lessons hosted by none other than Andrew himself, a free EBook, a group chat, and more. We even have a free Income Mentor Box signals service which you can use to copy trading signals to make quick and easy profits!

Income Mentor Box – #1 Trading School!

March 12, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Income Mentor Box – #1 Trading School!

OFFICIAL WEBSITE: IncomeMentorBox.com

If you want to learn to day trade like a pro, in just a few weeks, and for a very limited cost, Income Mentor Box is the right place to be. Income Mentor Box Day Trading Academy is dedicated to turning you into a profitable and self-sustaining day trader. It’s all about putting money in your pockets!

Income Mentor Box - Trading Mistakes

Income Mentor Box – What’s Our Mission?

Ok, so what’s our mission? Here at the Income Mentor Box Day Trading Academy, our mission is to help you become the best trader you can be. If you want to get into day trading, you have come to the right place. The fact of the matter is that day trading, whether Forex, or otherwise, is not as easy as some make it out to be. Yes, there are little tips and tricks to help make life much easier, and to make trading more profitable.

However, there is nothing out there that can beat good old training and schooling. Here, our Income Mentor Box Day Trading Academy has the goal of turning your from a newbie into a professional day trader in just a couple of months. The ultimate goal is for you to hone your skills to the point where you can quit your 9 to 5 day job and start trading with real results. Whether you want to trade stocks, Forex, indices, or commodities, we can help you accomplish your goals. It’s all about making healthy and consistent profits on a daily basis so you can stop flipping burgers or frying fish for a living.

Income Mentor Box Day Trading Academy – Over 51 Trading Tutorials

When it comes down to it, there is really no better place to learn than with Income Mentor Box. The main bulk of our educational day trading content comes in the form of trading tutorials. We have over 51 separate full length day trading lessons and tutorials. All of these are videos that come in varying lengths.

The aim here is to start off easy and to teach you the basics of day trading. After you have learned the basics, we move on to some of the harder and more complex materials. Income Mentor Box covers things like how to trade, trading strategies, indicators, the stock market, risk management, Forex trading, and so much more. Combined, we have well over 51 day trading tutorials that will turn you into a professional trader.

Depending on how fast you move through our Income Mentor Box Day Trading Academy lessons, it should take between 2 and 8 weeks for you to complete the course. Think about it folks, within 2 months at the most, you can learn everything you need to know to be a profitable, consistent, and professional day trader. All of our tutorials are hosted by none other than Andrew.

Andrew is a long time day trader with many years and even more dollars of successful trading under his belt. He doesn’t claim to be a guru or some kind of day trading god, but he definitely knows what he is doing. A big advantage of Income Mentor Box is that Andrew has the ability to explain things in a way that makes sense, even to people who have never heard of Forex or stock trading before.

Income Mentor Box – Use Our Free Signals Service!

Without a doubt, one of the best services which we offer here at Income Mentor Box, is our free signals provision service. Yes, finding stock and Forex signals can be really hard, especially if you want reliable ones that will generate profits. When you become a member of our prestigious academy, our Income Mentor Box signals service is totally free to use for life. Here we have a Facebook page where we post all of our signals.

Income Mentor Box provides up to 12 trading signals daily, all 5 days of the week. These trading signals can come in the form of stock signals, commodities signals, indices, and more. However, the vast majority of the Income Mentor Box signals provided focus on Forex trading.

Making money really does not get much easier than this. All you have to do is keep the Facebook signals page open and wait for us to post them. Then, once we post the trading signals, you simply have to copy them into your trading platform or broker of choice. We provide the entry prices, the take profit levels, and the stop loss levels too. All you have to do is copy the signals, place the trades, and wait as they generate profits for you!

Income Mentor Box – A Low Onetime Fee!

Something that we have been getting some questions about is how much we charge to join our Income Mentor Box Day Trading Academy. Well, we charge a grand total of $299, which is really not very much. Keep in mind that this is a onetime payment, with no upgrades and no hidden fees. We are certainly not like those pay to win games out there. Once you pay the onetime fee of $299, you will never have to pay another penny.

For that low onetime fee, you gain full and unlimited access to all of our course materials and other services. This includes the Income Mentor Box video tutorials, the free EBook, the members chat, and our Income Mentor Box signals service as well. The fact of the matter is that you really won’t find any other trading school out there with such great materials, so much educational content, all for such a low price.

Income Mentor Box Day Trading Academy – Final Thoughts

The bottom line is that we would love to have you onboard at our Income Mentor Box Day Trading Academy. For a low onetime fee, you will gain full access to all of our top quality course materials. You will learn everything there is to know about day trading through our plethora of educational materials. Even if all else fails and you still cannot fully grasp the concepts, you can still use our free signals service to place profitable trades with ease!

Forex Trading Winning Secrets – STOP LOSING!

March 7, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Forex Trading Winning Secrets – STOP LOSING!

OFFICIAL WEBSITE: IncomeMentorBox.com

Here at the Income Mentor Box Day Trading Academy, we are all about providing you with the means and knowledge to be a profitable trader. Here we do everything in our power to teach you how to trade Forex, indices, CFD, stocks, and more, so you can make money from home. We want you to be able to quit your day job. In terms of Forex trading, we do focus on this a lot, as it is a very popular type of trading.

With that being said, here at the Income Mentor Box Day Trading Academy, we know that Forex trading is not as easy as some make it out to be. Yes, you might be losing a lot of your currency trades, which of course does you no favors at all. That is why we are here today, to cover some Forex trading winning secrets.

These are strategies, methods, and tips that you should follow when Forex trading so you stop losing trades. Keep in mind that today’s Forex trading winning secrets review is based on the video which our mentor, Andrew, has just uploaded. The video itself is quite in depth, and we just want to go over some of the biggest points made. We also have a great live trading session to show you, with real, big, and live profits, which Andrew was able to achieve using these Forex trading winning secrets.

Forex Trading Winning Secrets – Support & Resistance!

One Forex trading secret which Andrew discusses here has to do with support and resistance trading. Yes, Andrew and we here at the Income Mentor Box Day Trading Academy are big fans of support and resistance trading. It is absolutely a great way to win trades. To find out how to trade using the support and resistance strategy, take a look at the video we have included here, and read this article on S&R as well.

Forex Trading Winning Secrets – 1 Minute Charts & Entry Prices

Another thing which Andrew discusses here in the main video of the day, the Forex trading winning secrets video, is using 1 minute charts to look at and determine what the best entry prices are when trading currency pairs. Andrew does a great job at explaining it in the video. Moreover, if you are a member of our Income Mentor Box Day Trading Academy, you will gain access to full lessons related to entry prices and charting analysis.

Forex Trading Winning Secrets – RECOMMENDED TRADING HOURS!

Something which Andrew actually does not mention here, but is a winning secret none the less, is that you should always do Forex trading during the recommended trade hours. This means trading between 9 AM and 7 PM, if you live in the GMT time zone. If you don’t reside in the GMT time zone, you will want to make appropriate adjustments to match your time zone with GMT. This is when the market is the most active and it’s when you stand the biggest chance of winning those Forex trades.

Forex Trading Winning Secrets – The Economic Calendar

Folks, before you start trading for the day, always check the economic calendar. You never want to start trading without doing so. Here you are looking for 3 Bull News. Simply put, when there is 3 Bull News on the horizon, stop trading until it has passed. 3 Bull News can create a whole lot of trouble for currency traders.

STAY AWAY FROM CRYPTO!

On a little side note, we do want to mention that at this time, you should stick to Forex, indices, CFD, and stock trading. Many people feel the need to trade Bitcoin and other cryptocurrencies. However, with the state of the market as it is right now, Bitcoin and crypto is just not worth the effort. Maybe if Bitcoin and the altcoins bounce back a bit, this will chance, but for now, Forex is what you want to trade.

Forex Trading Live Session – Andy’s Results

Perhaps the most important thing that we want to show you today is that Andrew’s Forex trading winning secrets do in fact work. This is not just jargon or pointless information. As you can see from the live trading video which we included here, Andrew used these secrets to make himself a healthy profit.

Andrew placed only 1 trade using these secrets, a GBP/USD trade, and through this trade, he managed to generate over 500 Euros in profits. Folks, it only took him 47 minutes to make 518 Euros in profits. If you follow these Forex trading secrets and tips, you can easily do the same for yourself. Once you know what you are doing, you will be nearly unstoppable. Of course, to really become a pro day trader, we would recommend joining our Income Mentor Box Day Trading Academy.

Forex Trading Winning Secrets – COPY OUR FX SIGNALS!

Ok, so all of these winning secrets we have discussed here really are worth their weight in gold. If you follow the tips laid out above, you should have no problems winning the majority of your Forex trades.

However, if you do not have time to learn right now, or you just don’t have the patience, you can always use our free signals provision service. Now, you do have to be a member of our Income Mentor Box Day Trading Academy in order to get access to our free signals service, but we think that you will love it.

When you join our academy, you will get access to our Facebook page where we provide up to 12 trading signals per day, usually Forex, but we include some stocks, securities, and indices signals as well. Making money here through Forex trading is super easy. All you have to do is copy our signals as they appear, right into your trading platform, and watch as the positions put money in your account.

Forex Trading Winning Secrets – Final Thoughts

There you have it folks, some of the biggest Forex trading winning secrets from today’s video, and in general. If you follow the tips, secrets, and tips which we here at the Income Mentor Box Day Trading Academy provide on a regular basis, you should have no issues winning those FX trades. Of course, if you really want to become a full time, professional, and winning trader, you need to join the academy. You will gain access to a plethora of easy to understand day trading lessons and tutorials, all for a really low price.

Using The ATR Indicator For WINS!

February 25, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Using The ATR Indicator For WINS!

OFFICIAL WEBSITE: IncomeMentorBox.com

If you are tired of losing trades and you need to find a great way to trade Forex and set your stop loss levels, this ATR indicator strategy is one you need to take a look at. Below, we are going to outline how to use the ATR indicator to set your stop loss levels. We also have a live profit session to show you. This is where Andrew, from our own Income Mentor Box Day Trading Academy, shows you his live trades and profits, all thanks to this ATR indicator.

What Is The ATR Indicator?

Ok, so before we really get into the meat and potatoes of today’s ATR indicator article, it is probably wise if you know what this ATR indicator actually is and how it functions. Ok, so ATR stands for Average True Range. The Average True Range or ATR indicator is a measure of volatility. If you do not know, volatility is a measure of the strength of the price action. In other words, it measures how volatile an asset such as a currency pairing is, in terms of how far the price may move in either direction in any given time.

The ATR indicator is indeed quite important and is often overlooked when it comes to analyzing and determining market direction and asset volatility. Although it is often overlooked, real trading professional know just how important it really is, and it has been in use for several decades now to determine volatility and price action. The ATR indicator can be used in order to create a full trading strategy, or it can also be used to just set entry and exit signals and levels too.

How To Use The ATR Indicator To Set Stop Loss

Ok, so now that we have figured out what exactly this ATR indicator is, we want to talk about how you can use it in order to win trades. In this case, we want to talk specifically about stop loss levels and how to use the ATR indicator in order to determine the stop loss level for any given trading position which you may place. Right now we are going to go through a step by step process on doing this in as easy a way as possible. Let’s get right to it and teach you how to use the ATR indicator in order to place winning trades and to set the proper stop loss levels.

First things first, go to your trading platform of choice. Here you need to find the indicators tab. Look for the ATR indicator, find it, and select it. Every charting solution and trading platform should come with this.

As you can see, it just looks like one single line, which you can modify as you choose. Many traders use the ATR indicator by setting the level to 20. However, by default, the level is usually set to 14, which is actually based on days. You can choose the color and the style of line based on your preferences.

So, when you are making a trade, look at your charts and analyze the price of the asset in question, and examine the ATR indicator at the same time. You are looking for the ATR value, and you are looking for an ideal resistance level too.

Now you need to find your stop loss by examining what the ATR indicator is telling you. You want to take the value of the ATR indicator and multiply it by 2. This is what your stop loss level will be for a certain asset at a certain time. You want to add this value (ATR x 2) to the market price, and this is what your stop loss will be.

Yes, we here at the Income Mentor Box Day Trading Academy know that this whole ATR indicator concept is a bit difficult to understand, especially in words without any visual reference. But hey, this is why our leader, Andrew, has taken it upon himself to make an ATR indicator trading video. If you take a look at the video, Andrew outlines all of these steps in details and provides you with several live examples. Once you see it live in action, you should be able to grasp the concept quite quickly.

ATR Indicator Live Trading Results

Of course, you don’t want to just take our word that this ATR indicator and stop loss strategy works. Here at the Income Mentor Box Day Trading Academy, Andrew always provides you with live trading updates and results, with trades being placed, going on, and being closed in real time.

We are here to show you that our strategies actually work, and that you can do the same to make good money through trading. Like we always say here, the proof is in the profits. If you take a look at the below video, you will set that Andrew placed a very good trade using the ATR indicator method which we outlined above.

The results which Andrew were able to achieve were pretty good no doubt. Using this same trading strategy which we outlined above, Andrew was able to make a profit of well over 300 Euros with one single USD/JYP trade. Guys, if you use this ATR indicator strategy, there is no reason why you cannot make a few hundred Euros profit in a single trade just like this. Also, keep in mind that this trade was only open for roughly 2 hours. Making over 300 Euros in just 2 hours is definitely impressive!

Income Mentor Box & The ATR Indicator – Final Thoughts

While this strategy might be a bit complex to understand at first, we do think that Andrew did a great job at explaining it in an easy to grasp way. Yeah, it might take a couple rounds of practice, but there is no reason why you should not be able to achieve the same results as Andrew here.

If you want to become a professional day trader and learn how to profit through Forex, indices, stock, and commodities trading, our Income Mentor Box Day Trading Academy is undoubtedly the best place to be. For the low onetime payment of $299, you will gain full access to all course materials. It’s time to quit your day job and become a professional day trader from home, a highly profitable one!

Getting Over A Big Trading Loss

February 20, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Getting Over A Big Trading Loss

OFFICIAL WEBSITE: IncomeMentorBox.com

Did you just suffer from a big trading loss? Yeah, it happens, and it happens to pretty much every day trader out there. It is something that we here at the Income Mentor Box Day Trading Academy know all too well. With that being said, getting over a big trading loss is very possible, as long as you follow these rules and tips. Let’s help you get over that big trading loss so you can get back to making money on a consistent basis!

Cut Your Trading Loss & Call It A Day

One of the biggest mistakes that newbie traders make after suffering a big trading loss is to keep trading on that same day. Now, you might think that the best idea is to keep trading so you can recoup your losses and make your money back. However, the chances of this happening on the same day as your losses are pretty slim.

The fact of the matter is that you are not going to be clear headed after such a big trading loss. You are going to be angry, rash with decision making, and you won’t be using your brain to trade. Something that we always stress is that you should never trade emotionally. Trading, whether Forex or otherwise, requires a clear head and a sound mind.

Trying to trade when you are already frustrated, after having suffered a big trading loss, is not going to be your best decision of the day. Folks, there are well over 250 weekdays in a year when you can trade. If you suffer a big trading loss, call it a day, collect your thoughts, re-evaluate your plan, and get back to it the next day. There is no need to rush head first into even bigger trading losses.

Accept Responsibility & Figure Out What Lead To The Big Trading Loss

Yes, a big part of dealing with a trading loss is to accept responsibility that it was your fault. There is no doubt about that. Sure, the market may have taken an unexpected turn, maybe you trading platform is not up to snuff, or whatever else. However, the point here is that as a trader, you need to know that you are 100% liable and at fault for losses. There is nobody to go crying to, so there’s no point in blaming anything or anybody else. When you trade, you accept the risk that there might be some big losses in store for you.

However, this is not to say that you cannot evaluate your plans and strategies after a big trading loss. Why did the trade go south? Why did you just lose so much money? Being able to take a close look at the trades you made, and exactly what went wrong, should help you avoid another big trading loss in the future.

Now, this is not to say that it won’t happen again, but if you just start trading again, without knowing why the loss happened in the first place, it most likely won’t end well all over again. Take a few trading lessons, analyze why that big loss occurred, and try to correct whatever can be corrected.

Yeah, sometimes it is all down to luck, but usually big trading losses can be attributed to mistakes, even one small mistake made along the way, and knowing that mistake was can make all the difference. Also, go back to what you know. How were you successful in the first place? Often, going back to your grass roots, what made you successful in the first place, will help you correct errors and avoid big time trading losses in the future.

Put In Some Practice Time To Avoid Another Big Trading Loss

One problem that tends to occur with most people after they suffer a big trading loss is that confidence goes right out the door. Yes, this is normal. It’s not odd if you feel unconfident after having just flushed a few grand down the toilet. Of course, everybody is going to be a bit weary after suffering a big trading loss like that.

However, the issue here is that you really cannot go back into trading if you are not feeling confident. You need to stick to your game plan, trade with your intellect, not your fears. The issue that people will end up not investing enough, holding back, missing trades, and just making bad trading decisions due to a lack of confidence.

Our advice here is that after suffering from a big trading loss, you might want to use a demo account for a few days. Just get back into the swing of things, make sure that you are winning most of your trades in the demo account, and this should get your confidence back up to the point where you should feel good trading with real money. There is absolutely no point in rushing back into big time multi-thousand dollar Forex trades if you don’t have the confidence to do it right. Just go slow and work your way back up the ladder.

Start Out Small When Getting Back Into Trading After A Big Loss

The final piece of advice that we want to give you here today in relation to recovering after a big trading loss is to start out small. Now that you have accepted responsibility, cleared your mind, re-evaluated your trading strategy, and practised on a demo account, you can get back to trading. However, do not start out big.

Start out with just a trade or two, and don’t invest too much money per trade. Don’t jump right back into it trading at the same volume you were when you suffered your huge loss. There is no point in rushing back into it. The market is not going anywhere. So just get your wits about you, get your bearings, and slowly ease back into it.

Getting Over A Big Trading Loss – Final Thoughts

Folks, as long as you follow these tips and rules, you really should not have a problem recovering from a big trading loss. Yes, it sucks, but it happens, and it happens to everybody. Suffering losses in trading is pretty much unavoidable, but it’s how you deal with them that will decide how your trading future looks.

Understanding Leverage & Margin

February 15, 2019February 15, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Understanding Leverage & Margin

OFFICIAL WEBSITE: IncomeMentorBox.com

Here at the Income Mentor Box Day Trading Academy, we know that leverage & margin is a big part of trading. This is a very important topic to be familiar with when trading Forex, CFD, and indices. Let’s take a closer look at his leverage & margin topic right now!

What Is Leverage?

When you want to trade Forex, CFD, and indices, knowing both leverage & margin is very important. First off, let’s talk about what leverage is. When it comes down to it, leverage is borrowed capital to increase your potential returns. In other words, this means that you can trade with more money than you actually have in your account. For example, if you leverage a trade by 10:1, it means that you can make a $10,000 trade with just $1,000 of your own capital.

If you win, it means that you will get 10 times the profits. You can make money trading with money that you don’t actually have. However, of course, this is also very dangerous. The reason for this is because when leveraging, if you lose the trade, you are on the hook for the full amount leveraged, not just for your part of the cash.

In other words, going back to that other example, if you leverage a trade for $1,000 by 10:1, if you lose, you will be on the hook for the full $10,000. So when it comes to leverage & margin, leveraging can be extremely profitable for you, but also very risky. Unless you are a professional trader, here at the Income Mentor Box Day Trading Academy, we would not risk leveraging for the time being. It can be very dangerous, but yes, of course also highly profitable if trades are winners.

What Is Margin?

When it comes to leverage & margin, you do also need to know what the margin is. Well, going back to the example we covered above, the margin is the money you put into a leveraged trade. For instance, if you leverage a $1,000 by 10:1, thus effectively trading with $10,000, the margin there would be the $1,000 of your own capital.

When leveraging, the margin amount of money is needed to open a leverage trade. In terms of leverage & margin, this is an important topic to be familiar with, one that will help you become a better and more profitable trader. Just keep in mind that leverage & margin trades can be very dangerous if not done right, but also very profitable if you do it right.

Take a look at the short video which we have included here. Andy from our own Income Mentor Box Day Trading Academy explains what leverage & margin is, how to use it, the possible benefits, and the potential risks of it.

Leverage & Margin – Final Thoughts

When all is said and done, to learn more about leverage & margin, and the ins and outs of trading in general, you should definitely check out our Income Mentor Box Day Trading Academy. For the low price of $299, you will gain access to a huge plethora of course materials that will turn you into a highly profitable day trader.

Manual Trading: Making €1,000+ DAILY

February 14, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Manual Trading: Making €1,000+ DAILY

OFFICIAL WEBSITE: IncomeMentorBox.com

Today we want to provide you with a lesson on manual trading. As you will see, Andrew made over €1,000 with just 2 trades, and it took only a single hour to achieve. We have the live trading video right here, and the proof is in the profits. Here at the Income Mentor Box Day Trading Academy, we are all about teaching aspiring traders to be the best in the business. Let’s go over some manual trading tips, courtesy of Andrew, and examine how he made roughly €1,100 in just 1 hour!

Manual Trading: €1,000+ In 2 Trades

Just to clarify, here Andrew was able to make over €1,000 in just 2 trades. He did this purely through manual trading, which is usually the standard when trading Forex. Yes, Andrew was able to make over €1,000 in just 2 trades, and it only took a little over 1 hour to achieve these profits. The two trades which he placed were USD/JPY and GBP/USD.

Combined, they produced well over €1,000 in profits. Today’s manual trading lesson is all about how you can replicate Andrew’s profits, all courtesy of the Income Mentor Box Day Trading Academy. It’s all about making life easier for you and teaching you how to make big money through manual trading. In order to get full lesson on every Forex and day trading, join our Income Mentor Box Day Trading Academy.

Manual Trading: Support And Resistance

One of the strategies which Andrew from our Income Mentor Box Day Trading Academy uses to place the right trades, and to close them at the right times, is support and resistance. Knowing how to use support and resistance lines is crucial for manual trading, and it will help you determine when to close trades, when to open them, and in which direction to trade as well. As you can see from the video, we place a lot of faith in support and resistance, and more times than not, it turns out to be very reliable and highly profitable.

Here we closed these trades on live video. This is because for manual trading, there are no other traders or trading academies out there which do live trades, showing real profits and real trading methods. The whole point of us doing this manual trading video and closing trades live on video is so that you know that our strategies are real, that they work, and that this is the real deal. It’s solid proof that Andy’s manual trading using support and resistance actually works. This is how you can make good money on a daily basis through manual trading.

Manual Trading: Using The Best Currency Pairs

One of the things which we cannot stress enough, is that to make profitable trades, you need to pick the right currency pairs for Forex. Yes, there are many different pairings out there to choose from. However, not all of them have the same volatility, reliability, and overall profit potential. As you can see from the manual trading video, Andy has a few currency pairings which he favors over all others.

These are usually the best currency pairs to trade with, the ones with the most profit potential when manual trading is involved. Generally speaking, the very best currency pair to go with is the EUR/USD pairing, as it has a high level of liquidity and the highest order flow as well. Some other currency pairings which are fantastic to trade with include USD/JPY, USD/CHF, AUD/USD, EUR/CHF, USD/CAD, GBP/JPY, and GBP/USD. If you stick to these various currency pairs we have listed here, the potential for profit drastically increases when compared to other currency pairings.

Manual Trading – Economic Calendar & 3 Bull News

Another big manual trading tip, courtesy of our Income Mentor Box Day Trading Academy, is to always go to investingnews.com and check the economic calendar. For one, make sure that you select the time zone which you are in. What you are looking for in this economic calendar are news releases. If you are trading with any given currency, you want to ensure that there are no significant news releases coming out.

This goes double for 3 Bull News. If a currency, such as the EUR, is experiencing 3 Bull News, you want to avoid trading with it for the time being. Never trade with any particular asset when said asset is experiencing 3 Bull News. So, for manual trading, compare the favorite currency pairs listed above, and then check the economic calendar for 3 Bull News. Keep an eye on 1 and 5 minute charts, look at the support and resistance lines, and make sure to pay attention to news releases.

Please do keep in mind that here we are only providing a rudimentary explanation of how to make good money through this kind of trading. If you want the full lesson, watch the full manual trading video. For even better and more in depth lessons, you should join our Income Mentor Box Day Trading Academy.

Manual Trading Tips – Final Thoughts

There you have it folks, a relatively simple explanation and tip session on how you can maximize profits and choose the right trades when trading. Always use the favorite currency pairs which Andrew discussed, and always check the news releases for news releases related to these currencies. Remember your support and resistance lines as well!

Like we said before, for a more in depth lesson on manual trading, please check out the embedded video and join our Income Mentor Box Day Trading Academy. Here we also provide many other lessons, including over 51 video tutorials for Forex and day trading, an EBook, a private chat room, and more.

Here at the Income Mentor Box Day Trading Academy, we even provide trading signals for manual trading. All you have to do is copy and paste our manual trading signals into your own trading platform, and you can make money just like Andrew does in his live videos. Folks, he made over €1,000 in 1 hour, with 2 trades. This could be you!

Calculating PIP – What & How

February 13, 2019February 13, 2019 Fabian FabianLatest News / Latest News / NewsLeave a comment

Calculating PIP – What & How

OFFICIAL WEBSITE: IncomeMentorBox.com

We here at the Income Mentor Box Day Trading Academy want to teach you to be the best day traders you can be. One fundamental and crucial piece of knowledge you need to be successful has to do with PIPS. You need to be familiar with the PIP, you need to know what this means, and you need to know how to calculate PIP too. Let’s take a closer look at this subject right now.

What Is A PIP?

Technically speaking, PIP stands for “percent in point” or alternatively, “price interest point”. This is a unit of measurement, or specifically a unit of change in an exchange rate or in a currency pair. In other words, a PIP signifies the difference between the price of an asset, or the difference in value in a pairing, from one point in time to another.

A PIP is most often used to measure gains or losses, and is calculated using the last decimal point in the currency pair listing. A PIP is usually measured in the equivalent of 1/100^th of 1%, or in other words, 1 PIP is usually a change in the value of the numeral which sits in the fourth spot past a decimal point. This is how you measure exactly how much money was made or lost through currency pair, Forex, trading.

How To Calculate PIP

Of course, if you are going to be a professional and successful day trader, you need to know how to calculate a PIPS. This is very important if you want to be a true day trader that knows that you are doing. So, calculating PIP is actually very easy.

First, let’s take a currency pair such as EUR/USD. If The price of this pairing right now is 1.0001 (it usually will not be like this, but we are keeping it simple, hence the “1.0001”). At any rate, if the value of the EUR/USD pairing then changes to 1.0011, you would have a PIPS increase of 10 PIPS.

As we noted before, one single PIP is the fourth numeral after the decimal place, ie, 1.0001. Yes, this can be a bit complicated to understand at first, but once you have calculated PIPS difference a few times, it should become fairly easy for you.

For a lesson on calculating PIPS in full, please check out the video which we have embedded here. Andrew from our Income Mentor Box Day Trading Academy does a really great job at explaining it. However, if you want a truly comprehensive lesson on the subject, it is recommended that you join our Income Mentor Box Day Trading Academy. In this lesson, you will also learn how to calculate PIPS value, or in other words, how much the PIP value change actually reflects a change in the overall price of a trade.

Calculating PIP – Final Thoughts

Folks, we haven’t covered everything here, but we have outlined the basic in terms of what PIPS are and how to calculate it. For a more in depth lesson on this particular subject, please join our Income Mentor Box Day Trading Academy! Keep in mind, we here at the Income Mentor Box Day Trading Academy also provide free Forex, CFD, stock, and indices signals for you to trade with. Just copy them into your trading platform of choice and you are good to go! We even do a monthly $500 giveaway with 3 lucky winners every single month!