If you plan on being a profitable trader, and one of the things that you absolutely need to learn all about is forex scalping. Moreover, today we are here not only to talk about forex scalping, but also about one of the best scalping strategies out there, mainly one that involves Fibonacci retracements.
Today we’re going to teach you one of Andrew’s best trading strategies, a profitable forex scalping strategy that you can execute on your mobile device. With this particular forex scalping strategy, you can make well over $300 per day using nothing but your mobile phone.
What is Forex Scalping
Before we can get into talking about Andrews best forex scalping strategy using Fibonacci retracements, it’s probably a good idea for us to explain to you exactly what forex scalping is. For those of you who don’t know what forex scalping is, this is a very specific type of trading that involves utilizing very short term trades in order to collect profits from the market.
When it comes to Forex scalping, traders will open positions in the markets and then close those positions within a very short amount of time, often within just mere minutes, or sometimes within mere seconds. The goal of forex scalping is to generate very small profits, but to generate a whole lot of them on a daily basis, with the main goal of minimizing risk while maximizing profitability.
Moreover, keep in mind that forex scalping is a type of day trading or intraday trading, as the trades never last more than a full day, and realistically, they don’t even last for a full hour. It’s all about generating lots of small profits over the course of a comma with the end goal being to accumulate a substantial profit at the end of every day.
Pros & Cons of Forex Scalping
Just as is the case with any trading strategy out there, forex scalping does have both its advantages and disadvantages, so let’s take a look at exactly what these are right now.
Pros
One big advantage that you get with Forex scalping is that you can bring in regular profits on a daily basis, unlike other strategies where it can take days or even weeks before you make a profit.
Another thing that is really beneficial about this type of trading is that you benefit from having a very low risk level per trade. this is because each trade features only a very small position in relation to the overall size of the total trading account. It’s all about only risking very small amounts of money.
What’s also nice about this type of trading is that it really doesn’t take much market movement in order for you to make a profit. You only need the markets move a couple of pips in order to make a profit.
Cons
One of the major drawbacks with this type of trading is that it can be very difficult to predict what the market will do on a minute to minute basis, which is of course necessary when it comes to super short term forex scalping. However, this is where Andrews Fibonacci retracement forex scalping strategy comes into play.
The other slight disadvantage that you get with this type of trading is that you have to be an extremely consistent winner in order to make profits. When trades are this small, your winter loss ratio must be excellent.
Andrew’s Profitable Forex Scalping Strategy for Mobile Devices
OK, so we honestly don’t want to get too deep into explaining this video using our words, because it is a somewhat complicated strategy to utilize, and therefore, it is best for you to learn it by actually watching the video itself.
Have you will see from the video Andrew uses a series of techniques that involved using Fibonacci retracements in order to find the best entry points into trades for forex scalping. For those of you who don’t know what fibonacci retracements are, is a method of technical analysis that helps to determine support and resistance levels. It’s named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace after a portion of a move, before that same trend will continue in its original direction.
We would usually provide you with step-by-step instructions on exactly how to utilize the strategies that Andrew discusses in his videos, but this one is slightly complicated, and you would benefit the most from actually just watching the whole video, because Andrew does everything live on screen. However, as you will be able to see from the video, Andrew is able to engage in Forex trading in a very reliable and accurate way, and it’s all thanks to these Fibonacci retracements.
Remember folks, this particular strategy that involves using support and resistance levels is designed to provide you with the maximum level of reliability, or in other words it’s designed to help minimize the level of risk that you have to engage in one trading.
As you can see from the video, as long as you follow all of the tips that Andrew provides you with, and as long as you follow his strategy very closely, it is more than possible to make $300 per day, or even more, using nothing but your mobile phone, a trading system, and some Fibonacci retracements. When it comes to beginner friendly forest scalping strategies that are easy to master, this is definitely one of the best ones out there. It’s safe, reliable, accurate, and profitable too.
If you plan on becoming a profitable forex trader, and you are just a beginner who wants to minimize your level of risk, then this particular forex scalping strategy that involves Fibonacci retracement, is definitely a good way to go with.
That being said, Andrew has plenty of trading videos and guides located on his YouTube channel, and if you are looking for some of the best trading strategies out there, besides this one, then we definitely recommend checking out this channel.
If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.
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If you are somebody who wants to learn how to trade profitably, but just don’t know where to get started, you should check out Andrew’s Trading Channel. At this time, if you are looking for a free resource that provides you with all of the most important trading tips, updates, rules, and strategies around, then this is indeed the place to be.
Now, this Andrew’s Trading Channel is on YouTube, so it is of course cost free, a big bonus for anyone who is getting into trading, but has very limited capital.
Moreover, this channel is also designed to provide newbies with easy to understand and actionable information that you can use to start making money right away. Today, we want to take a closer look at Andrew’s Trading Channel, some of the most popular guides, and Andrew himself too.
What is Andrew’s Trading Channel & Who is it for?
So, for those of you who don’t know, Andrew’s Trading Channel is a channel that is on YouTube, an educational channel designed to help teach newbies how to trade. This particular channel is filled with a variety of trading guides, new trading strategies, reviews of the best trading platforms, indicators, and brokers, and economic and market news updates too.
What also needs to be said is that this channel does not just focus on one specific type of trading. Here you can learn all about Forex, cryptocurrencies, stocks, commodities, and more. Of course, this channel can be accessed by anybody from anywhere, and it is totally free too.
Moreover, do keep in mind that while Andrew’s Trading Channel is primarily designed to teach newbies how to trade, there are always new market and trading developments. Trading always evolves, and Andrew always stays ahead of the game, so he can teach you the newest and best trading techniques and strategies from around the world.
Who is Andrew?
Just in case you don’t know who Andrew is, he is a professional trader that has been in the business for well over a decade. He makes a full time living trading and he doesn’t trade full time. The fact of the matter is that Andrew is indeed one of the best Forex cryptocurrency and stock market traders out there.
You might actually also know Andrew from the Income Mentor Box Day Trading Academy, as well as from Stock Trading Mentor Box a stock market trading school. You might know Andrew from his various social media profiles as well.
Now what we do want to say about Andrew is that not only is he an amazing trader, but an even better teacher. He has this way of conveying these difficult market concepts to new easy in ways that are very easy to understand. Just check out some of his videos and you will see exactly what we mean.
Income Mentor Box
What you do need to know about Andrew’s trading channel is the fact that it does of course not provide you with a full scale trading education that starts with a solid foundation. Andrew’s trading channel. While it is awesome if you need some free education, it is an assortment of barely random trading strategies, tips, news and more.
If you want a fully comprehensive day trading education that starts from the ground up and will provide you with all of the information that you need to know in order to be a successful trader, then you do want to check out the Income Mentor Box Day Trading Academy.
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Most Popular Videos on Andrew’s Trading Channel
What we want to do right now is to take a look at the newest and most popular trading guides for newbies that are featured on Andrew’s Trading Channel.
Making $10,000 Trading Gold
In this particular video, Andrew demonstrates how you can make over 9,000 Euros, or somewhere over $10,000, in a single day of trading. Here, Andrew will teach you how to trade gold for profit, or to be specific, how to trade gold against the Euro, and how to trade gold against the United States Dollar. When it comes down to it, it’s actually quite an easy trading strategy that most people should be able to master in just a few days. If you follow along with this video on Andrew’s Trading Channel, you should have no problems making substantial profits for yourself.
Keys to Day Trading Success
Whereas the first video we just talked about was a full scale trading strategy designed specifically to trade gold. This particular video is all about what you need to know as a newbie in order to be a successful day trader. The simple fact is that day trading is not all that easy and it takes a whole lot of skill. However, with the seven different tips that Andrew provides you with in this particular video, you can be successful as long as you follow the tips that Andrew provides you with here and you avoid making the errors that Andrew discusses, then you should have no problems making consistent profits on a daily basis.
Best One Minute Forex Trading Strategy
OK, if you would like to trade foreign currencies for profits but you just don’t have very much time to spare on a daily basis, then this particular video that outlines the best Forex trading strategy that only takes one minute to execute is definitely something that you should check out. The fact of the matter is that Andrew is able to make a whole lot of money in just one minute with this specific strategy, and if you follow along and do exactly as Andrew does, there is no reason why you cannot do the same.
Triumph Scalper Trading Results
In case you would like to put to use some Forex trading software that will provide you with accurate buy and sell signals and more or less hold your hand throughout the entire trading process, thus allowing you to make easy and consistent profits without actually knowing the first thing about Forex trading, then you might want to check out this video about the Triumph scalper trading system. As you will see from this video on Andrews trading channel, the Triumph scalper is extremely profitable, and it is in doing the real deal. Andrew has been able to make several thousand dollars in profits in just a few days of trading with it. If you want a tool that can help make trading easier, then this is definitely something that you want to check out.
Andrew’s Trading Channel Review – Final Thoughts
The bottom line here is that if you need a free resource that will teach you how to trade stocks, Forex, cryptocurrencies, and more, then Andrew’s Trading Channel is the place to be. That said, of course, if you want a full scale trading education that will teach you everything you need to know about Forex trading, then the Income Mentor Box Day Trading Academy is the place to learn from. However, if it’s stock trading that you want to master, then Stock Trading Mentor Box is the best place to learn from.
If you want to trade forex but have no idea what you are doing, then you have come to the right place. Let’s get right to it and provide you with some of the best foreign currency trading tips for newbies out there at this time. Remember folks, we are here to help you make money.
Say Goodbye to Your Emotions
The first thing that you need to realize about foreign currency trading is the fact that emotions have absolutely no role to play here. The simple reality is that oh so many trading newbies decide that their gut knows best. This could not be more wrong. Your emotions have absolutely no place in foreign currency trading or any other type of trading for that matter. Your emotions will do nothing but cloudy judgement and get in your way.
What you need to do is stick to what you know and stick to the facts. It’s something goes wrong, don’t overreact. If you lose a big trade, don’t try to place more big trades to make up for it. Trading is supposed to be rational, reasonable and well thought out. Everything you do in trading, whether Forex or otherwise, needs to be well thought out. Whatever you are doing, if it’s nothing more than an emotional knee jerk reaction, then stop it right now.
Do Some Daily Weather Forecasting
When it comes to foreign currency trading, one of the things you absolutely need to do is some daily weather forecasted, so to speak. In other words, you need to check the news because all sorts of news, weather, economic, political or anything in between, can have massive impacts on national Fiat currency values.
For instance, if you see a news story about EU S housing market completely crashing, chances are pretty big. But you know that the US dollar is going to become weaker over the next few days. Being aware of what is going on in the world is extremely important for foreign currency trading. National currencies are of course linked to the economies, so economic news is very vital to pay attention to. Never start a day of trading without taking a close look at the news.
Stick with the Major Foreign Currency Pairs
As a newbie trading foreign currencies, another thing that you have to do is to stick with the major currency pairs. The major currency pairs are the ones that see the most consistency yet also produced the most profits. The major currency pairs are also the ones that are most widely used in the world, and the most widely traded.
Some of the major currencies that you want to focus on include the US dollar, the British pound, the Swiss franc, the Japanese yen, the Australian dollar, and the Canadian dollar, as well as of course, the euro. Don’t start trading with random currencies such as Russian rubles or Indian rupees. It won’t go well.
Start Small with Foreign Currency Trading
What you need to know here is that foreign currency trading isn’t easy, not in the least. Therefore, as a newbie trading floor experience, it is strongly recommended that you not have more than one, two, or maybe three trades open at once. Simply put, the more traits you have open at the same time, the harder things have become, the keep track of.
Yes, as a beginner you definitely want to keep an eye on your trades at all times, because if you aren’t 100% confident in your trading strategy then you want to be sure that your trades going right at all steps of the way. As you become a better trader, you can have more trades open simultaneously, but for the time being, stick with one or two.
This start small rule also applies in terms of the amount of money that you invest into trades, not just the amount of trades that you have open at once. It is recommended that you invest no more than 1% or 2% at the very most of your trading capital into a single foreign currency trade. Investing any more than two percent of your total capital in a single trade is extremely risky.
Don’t Mess Around with Leverage
We aren’t going to go into much detail here, but as a foreign currency trading newbie, the bottom line is that you should not mess with leverage, not at all. Sure, leveraging trades is great if you win because you end up making a lot more money than you rest, but with that being said, if the trade goes South, you’re on the hook for the full amount.
Get a Trading Education
The fact of the matter is that with foreign currency trading, if you don’t have an education, mainly a solid base of knowledge, then you just aren’t going to be successful. Foreign currency trading, while extremely profitable, is also one of the most difficult things out there to do properly. If you don’t know at least the basic concepts and strategies that go into foreign currency trading, chances are pretty much 104% then you’re going to lose every single last penny you invest.
We need to find a Forex trading school that you can teach you all the fundamentals, the basics, all of the terms, strategies and everything in between that you need to know in order to be successful. The number one Forex trading school that we would recommend tracking out at this time is known as the Income Mentor Box Day Trading Academy. If you want to learn how to trade forex, you want a great teacher and you want to start making money as soon as humanly possible, then this is the place to be.
Use a Forex Signals Service
The other foreign currency trading recommendation that we have for you is to try using a signal service. If you are a new view as no idea what you are doing, then a single service is right for you. If you use the right signal service, you’ll get up to a dozen signals a day. For instance, you might get a signal for the USD CAD pairing.
This signal would come complete with entry and exit points, so you know exactly when and for how much to buy and sell. You literally don’t have to know a single thing. Just wait for the signals to come out, go to your trading platform of choice, and copy and paste. In case you didn’t know, with your membership in the Income Mentor Box Day Trading Academy, you get access to a 100% free Forex signal service.
Foreign Currency Trading for Newbies – Final Thoughts
If you follow the foreign currency trading tips that we have outlined here today, you shouldn’t have any problem with making money. Just remember that every foreign currency trading journey starts with the right education.
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As a newbie trader, one of the things that you should check out is Andrew’s Trading Channel. This is a great channel that you can find on YouTube, one that is dedicated to providing beginners and aspiring traders with a cost-free trading education. Folks, first and foremost, this resource is 100% free. The only thing that it will cost you is some time, and if you plan on being a profitable trader, then you better have plenty of time to spare.
The simple reality is that trading is not easy, something that you will quickly learn on Andrew’s Trading Channel. Now, with that being said, just because trading is not easy, does not mean that you cannot learn to do it in an easy way. You just need to have the right teacher and the right educational resource. This is true whether you are trading cryptocurrencies, commodities, Forex, the stock market, or anything in between.
The fact is that to be a profitable trader, it takes the right knowledge base and the right skillset, not to mention a good deal of patience too. Well, you could just start trading without an education, but that is a sure-fire way to lose a ton of money.
People who don’t know how to trade usually never end up being successful. This is not something that you can teach yourself in just a few minutes. Indeed, trading is a bit more complicated than tying your shoes or riding your bike. Folks, if you want to learn about some of the best trading tips, strategies, and more, then Andrew’s Trading Channel is what you need to check out. Let’s take a closer look at exactly what you get with this educational resource.
Ok, so we are talking about Andrew’s Trading Channel, so it is probably a good idea to start off by taking a closer look at the man himself. For those of you who are not familiar with him, Andrew A is a long-time trader who has been in the business for well over a decade at this point.
Thanks to his degrees in business and economics, he has managed to see a whole lot of success, mainly with Forex, stock market, and cryptocurrency trading. His background in economics makes him specifically suited for all types of trading, as he has a vast knowledge base and an in-depth understanding of everything to do with the market.
Moreover, Andrew is able to make more than a full time living, many times more money than somebody working a full-time job, and this by just trading for a few hours per day. Moreover, you may also know Andrew from one of the two trading schools that he is the leader of, the Income Mentor Box Day Trading Academy for Forex, and the Stock Trading Mentor Box stock market school.
Both of these trading schools, particularly Income Mentor Box, has seen great success and received rave reviews from the vast majority of the students who have gone through the programs. In the few short years that these trading schools have been active for, there are thousands of people who have graduated from them and have gone from risky newbies to highly successful trading professionals.
Of course, Andrew’s Trading Channel, unlike both of those trading schools, is totally free of cost, and it is a great place to learn some of the newest trading tips, rules, strategies, and more. What we also want to say about Andrew is the fact that he also makes for a fantastic teacher. Not only is he an extremely knowledgeable trader, but he also knows how to teach. Andrew makes sure that all of his lessons are very easy to follow, and that all of the concepts, no matter how complex, are easy for newbies to grasp.
What Will You Learn on Andrew’s Trading Channel?
Something that you are probably wondering is what you will actually learn on Andrew’s Trading Channel. Now, before we start giving examples of what you can learn here, we do need to say that this channel does of course not qualify as a full-scale trading education.
Yes, this is a great place to get free education for trading Forex, stocks, and cryptocurrencies, but it is not really ordered or structured, just a random conglomerate of several thousand trading guides.
So, if what you are looking for is a comprehensive education for trading, one that starts from the ground up, then those Mentor Box trading schools we talked about above are worth checking out, which we will also talk about in some more detail below.
With all of that being said, there is no denying the fact that Andrew’s Trading Channel is a fantastic resource for aspiring traders who need some extra help and tips. On this channel, you have access to hundreds, if not thousands, of individual trading guide videos, each of which might take the form of a list of tips for a certain kind of trading, a new and improved trading strategy, certain rules, and developments in trading, news developments that affect prices, and even reviews of trading platforms and signals services too.
The simple fact here is that if you are looking for a trading education, and you want easy access to all sorts of tips, strategies, news, and more, all for free of cost, then Andrew’s Trading Channel is the place to be. Let’s take a quick look at some of the most recent and most popular trading guides which Andrew has uploaded to his trading channel in the last few days.
Trading Bitcoin with Only $200
One of the most recent videos that has been uploaded to this channel is all about teaching newbies how to trade Bitcoin starting with just $200. The reality is that starting with such little money is not easy. It is very easy to lose $200 through Bitcoin trading, which means that a whole lot of caution is required, not to mention a good deal of skill too.
Well, this guide on Andrew’s Trading Channel is all about teaching you how to profit trading Bitcoin when you have just $200 to start. It is worth noting that using these exact same tips and rules, Andrew managed to double his initial investment in a single day, taking less than 24 hours to turn $200 into $400. Now that is impressive, and if you pay attention here, there is no reason why you cannot do the same.
Trading Psychology
This video on Andrew’s Trading Channel, as you might be able to tell by the name of it, is all about trading psychology. The focus of this video is mostly on what the right mindset for trading is, what your mindset needs to be like, and what your thought process when trading should be like.
Something that Andrew tries to hammer home here is that trading is rational, not emotional. It is all about using your brain, not your heart. Andrew does actually also talk about some other trading tips here, specifically about trading with candlesticks.
Andrew’s Trading Channel Live Streams
Something else that needs mentioning abut Andrew’s Trading Channel is that if you subscribe to it and you activate the alerts, you will be alerted when Andrew starts trading live on camera, or in other words, you can watch his live streams.
Personally, we think that these live streams might just be the best aspect of Andrew’s Trading Channel, and the reason for it is because if you follow along closely and in realtime, then you can copy what Andrew is doing live.
Literally, you can do exactly what Andrew is doing, copy and paste his trades, and make the same profits that he is making, all without really having to know or do much of anything at all. These live streams are a great way for you to make easy money trading, and to learn various rules, tips, strategies, and more, all at the same time.
Andrew’s Trading Channel Scam Alert
What you need to know here is that some scammer has tried to copy Andrew and is currently out there trying to steal money from people by pretending to be Andrew. For those of you who don’t know, Andrew actually as a few Telegram signals services that he provides people with.
There is the Income Mentor Box Forex signals service (WHICH YOU GET FREE ACCESS TO WHEN YOU JOIN INCOME MENTOR BOX), and Crypto Trading Box, a cryptocurrency signals service. If you want awesome Forex or cryptocurrency signals that can help you make super easy money without having to do anything or know how to trade, then these are the legit services that you need to check out. Today, we have provided you with the official links for both the crypto and Forex signals service.
Do not go to any other site or pay money to anybody claiming to be Andrew if it is not these links that you have followed. Check out the video we have included for more information on Andrew’s Trading Channel scam.
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Income Mentor Box Day Trading Academy + Forex Signals
Zok, so we did touch on the Income Mentor Box Day Trading Academy above. This is at this time one of thw world’s most popular online Forex day trading schools out there. Yes, Andrew is the leader of this school, and yes, he uses his great teaching methods to personally teach all of the lessons. Income Mentor Box features a full-length curriculum with over 50 comprehensive lessons. The lessons all come in the form of easy-to-follow video tutorials, where you will see both Andrew in action, as well as his teachings.
We really like the way Andrew teaches here, because not only does he explain everything in detail using words, but he also backs everything up by actually doing what he is talking about live on camera, so if you don’t understand the verbal explanation, you can still follow along visually.
The vast majority of people find Andrew very easy to learn from, not to mention that those 50+ lesson will teach you everything you need to know to be a profitable Forex trader. Ok, so Income Mentor Box is obviously not free, but it does come in at a very low price, and it also comes complete with that signals service for Forex that we discussed above.
This is a legit signals service that provides users with up to 12 highly accurate Forex signals per day. All signals come complete with entry and exit points, so all you have to do is copy and paste the signals as they appear. IF what you are looking for is a comprehensive Forex trading education that starts from the ground up, Income Mentor Box is the place to be.
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Stock Trading Mentor Box + FREE UPSI INDICATOR
If you would rather learn how to trade stocks than Forex, then it is the Stock Trading Mentor Box academy that you should check out.
We aren’t going to spend as much time talking about it, with the reason being that besides the fact that this school is for stock market traders rather than Forex traders, it really is the same.
With Stock Trading Mentor Box, you get the same great teacher, the same comprehensive curriculum, the same easy-to-follow format, and a great price too.
However, when you join this school, instead of a free signals service, what you get free of cost is the UPSI indicator. UPSI is a state-of-the-art profit scalping indicator that lets you know exactly when and how to trade, an indicator that works for stocks, Forex, and more.
CLICK ON IMAGE BELOW TO JOIN
Making Money with Andrew’s Trading Channel – The Verdict
The bottom line is that if you want to learn how to trade and you want to do so for free, then Andrew’s Trading Channel is the place to be. That said, for a full trading education, the Mentor Box schools are the educational resources of choice.
There is no doubt about the fact that Forex trading is difficult. But with that said, it’s also one of the most lucrative things that you can do. The simple reality here is that the Forex market is at this time the largest and most liquid market in the world, and of course, this means that there are massive profit opportunities for those who know what they were doing. However, profitable Forex trading just isn’t easy, and it takes a whole lot of skill, knowledge, and practice to do it properly.
As a newbie, chances are that you just don’t have the knowledge, skills, or patience to make it happen. Yet this is not to say that with a little bit of training and education that you can’t get to a level where you can be confident in your Forex trading skills. This is what we are here to help you with today to teach you how to start profitable Forex trading so you can be a self-reliant, independent, and highly profitable trader.
We first want to start out by providing you with a large list of tips on how to start profitable Forex trading. We’re then going to provide you with some of the best Forex trading educational resources around, both free and paid resources that you can use to your advantage to learn everything that you need to know to be profitable in the world of foreign currency trading.
Profitable Forex Trading Tips for Newbies
There is no doubt about the fact that add the beginner you were going to have some troubles trading Forex. It’s just not easy to do. With that being said, with a few valuable rules and tips you can improve your chances of making profits. Let’s get to it and provide you with some of the best and most profitable Forex trading tips for newbies, keeping in mind that these tips are just starting points to help point you in the right direction.
Get an Education
Perhaps the most valuable tip that we can provide you here is that if you plan on engaging in profitable Forex trading, then you actually need to know what you’re doing. Or in other words, you need to get yourself an education. Forex trading is not something that you can just start doing one day without any sort of training or knowledge.
There are many different terms, concepts, strategies and skills that you need to master in order to be successful in the world of foreign currency trading. Therefore, the number one tip that you need to follow is to get yourself an education. No worries if you don’t know where to get a Forex trading education because we will discuss that in great detail further below.
Set Realistic Goals
One of the biggest downfalls of oh so many newbie traders is that they set highly unrealistic goals. Sure, having great goals is not a bad thing because it motivates you to achieve them. However, with that being said, if your goals are completely unrealistic then it is going to be totally impossible to get there. This is something that destroys many newbie traders because it completely saps their morale.
People, you aren’t going to make $10,000 a day trading Forex, especially not as a beginner. Sure, there are some people who might be able to pull that, but those are people who have been trading for decades. As a beginner, set yourself a goal of maybe $100 profit per day. It’s not a whole lot, but it’s definitely a good starting point. Once you set a realistic goal, you can then start working towards it.
Learn About Risk Management
If you plan on engaging in profitable Forex trading, one of the things that you definitely need to do is to learn about risk management. Simply put, you don’t want to blow all of your money on a single trade. Generally speaking, the rule of thumb is that you do not want to risk more than 1% or 2% of your trading account on a single trade, at the very most.
This way, even if you do happen to lose a trade, you’re only going to lose a small percentage of your overall account balance. Moreover, on that same note, what you also never want to do is to trade with money that you can’t afford a lose. Don’t gamble with the money that you need to pay your mortgage or to put food on the table. It’s just not worth it. Only trade with money that you can easily forward to lose, and even then, you still want to be careful.
Create a Trading Plan & Stick to it
Another huge mistake that so many newbies make is to just trade randomly. People forex trading is a very thought out, well planned, and methodical thing. You cannot just fly by the seat of your pants here. All of the best Forex traders have mastered various trading strategies that are shown to be profitable in varying market conditions.
What we’re saying here is that you need to master some Forex trading strategies, and of course this is best done by getting yourself a trading education. Moreover, once you have decided how much money you can rest per trade, how much money you have to risk overall and what sort of trading strategies that you want to use. You can then create a full-scale trading plan that includes exactly how much money you plan to make and how you plan on getting there.
With that being said, what is also important is that you stick to your plan, especially if it is a tested and proven plan that has shown to be profitable for many other traders. If you happen to lose a couple of trades with a plan, or strategy that is proven to be profitable, don’t throw in the towel and give up. Losses happen even to the best traders using the best strategies. That said, obviously if you keep losing trade after trade after trade, then it might be time to switch things up a bit.
Choosing the Right Broker
Although many newbies might not think about this if you plan on engaging in profitable Forex trading, you need to have the right broker in your corner. Of course, for one, this means staying away from unregistered and unlicensed scam brokers that are sure to steal your money. It also means that you need to do some research on brokers to see which ones offer the most newbie friendly packages or accounts.
There are many brokers out there that offer minimal commissions and minimal trading fees, so you can save as much money as possible. We recommend doing some research on the best beginner friendly brokers, and for Forex trading out there at this time. One of the biggest errors you can make is to underestimate the importance of having a good broker in your corner.
Start Slow
If you plan on engaging in profitable Forex trading, another important tip that you need to follow is to start slow. The simple reality here is that the more traits you have open out once, the more work you have to do and the more moving parts you have to keep track of. The less trades you have open at once, the easier things are going to be for you.
So as a beginner, we recommend not having more than one or maybe two trades open at once. Once you’re confident that you can handle having two trades open at once, you can then move up to having three or even four trains open at once. The simple fact is that it can be very stressful to keep track of so many moving parts at once, so to keep your stress levels to a minimum, keep the moving parts to a minimum as well.
Stay Away from Leverage
Yes, leveraging your trades can be extremely profitable, but it’s not easy. Leveraging trades is something that is best left for the professionals. For those of you don’t know, leveraging your trades means that you can technically trade with a whole lot of money that we have to spare. For instance, if you leverage a trade by a factor of 10 to 1, it means that you only have to invest $100, but it means that you can trust trade with $1000.
Sure, this means that you can make 10 times the profit with ease, but if you end up losing the trade to be aware that you were on the hook for the whole $1000, the full amount that you leveraged. As a beginner trader, this is extremely risky and it’s best that you stay away from it until you are confident that you can win trades with these.
Focus on the Major Currency Pairs
When it comes to newbies and profitable Forex trading, something that we recommend is that you stick with the major currency pairs. There are five or six major currency pairs that are extremely predictable and allow for relatively easy profitability. You need to stay away from the exotic currency pairs that move in unpredictable ways. Some of the best pairings include USD/CAD, EUR/USD, USD/AUD, USD/CHF, and USD/JPY.
Don’t Forget Stop Loss Orders & Never Add to Losing Positions
Something that all traders should do no matter of the skill level, is to use stop loss orders. Folks, if you invest $1000 in a single trade and it starts to go South, a stop loss order can stop you from losing the majority of your investment. For instance, if you set a stop loss order at 10% under your initial investment, it would mean that you would only lose $100 out of the $1000 that you invested.
This is the number one tool at your disposal to stop you from losing massive amounts of money due to losing trades.
At the same time, something that you should avoid doing at all costs is to add money to a losing position. Both if a position is already losing, especially if you are a beginner, that is not overly confident in your skills then you need to close it and cut your losses. Yes, professionals can sometimes add to their losing positions and come out on top, but it’s not easy.
Leave Your Emotions at the Door
If you plan on being a profitable Forex trader, perhaps one of the most important things that we can give you is to leave your emotions at the door. The simple reality here is that emotions have absolutely no role to play in trading.
The only organ that you should be using to trade forex is your brain. If you get too emotional, you’re going to make unreasonable and irrational decisions that are going to negatively affect your balance. Trading needs to be reasonable, rational, and methodical. There is absolutely no place for emotion here.
Don’t Bet Against the Market
The final Forex trading tip that we want to provide newbies with today is that you should never trade against the market. Once again, just like leveraging trades, betting against the market is something that is best left to the professionals. Yes, betting against the market can qualify as profitable Forex trading, but it takes great skill to do so successfully.
Forex Trading Guides on Andrew’s Trading Channel
If you want to start profitable Forex trading and you want to get a good education but you don’t have any money to pay for it, something you should check out is Andrews Trading Channel on YouTube. Andrew is indeed one of the best Forex traders around and what’s really nice is that he has the ability to teach you how to trade in ways that are very easy to understand.
Not only is Andrew a fantastic trader, but he also knows how to be a great teacher. What is important to note about Andrew’s Trading Channel is of course that it is 100% free. On this channel you will find hundreds if not thousands of videos concerning Forex, cryptocurrency, and stock market trading. There are tons of videos that contain very useful trading strategies, tips, guides, daily news updates and so much more.
Andrew also reviews various signal services, indicators, brokers, and trading platforms. What you’re looking for is up-to-date invaluable information that will teach you profitable Forex trading, then this is the place to be. Let’s quickly take a look at some of the most recent and most useful trading guides that Andrew has uploaded on his channel.
In this particular video, Andrew demonstrates how to combine three different indicator tools to produce massive profits in just a few days. Using the strategy that Andrew demonstrates within this video, he was able to make nearly €30,000 profit in a single week of trading. If you follow this particular trading strategy, there is no reason why you cannot do the same. Profitable Forex trading doesn’t mean having to do something new.
Best Crypto Signals Group
In case you would like to make profits trading cryptocurrencies, but you don’t know how to do so, then something that you want to check out is this particular video in which Andrew talks about the best cryptocurrency signals group around. It’s a really easy way to trade profitably without actually knowing what you were doing.
Making 70K in 30 Days
When it comes to guides about profitable Forex trading, this is probably one of the best around. In this particular video, Andrew demonstrates how you can find the very best Forex trades around. Using nothing but these tips on how to find the best Forex trades, Andrew is able to make over €70,000 in 30 days of trading. Once again, if you follow all of the tips that Andrew provides you with here, there is no reason why you cannot do the same.
Learning Forex Trading with Income Mentor Box
OK, so while the YouTube channel we just looked at above is a great starting point, especially for newbies, want to start profitable Forex trading by learning about some of the best trading strategies, the unfortunate reality is that it does not count as a fully comprehensive or full scale forex trading education.
Yes, it is a great place to learn about the best Forex trading tips, strategies and more. But it doesn’t provide you with a ground up foundation that starts with the basics. If what you are looking for is a truly comprehensive Forex trading education that starts at the very bottom and then slowly works its way up, then what you want to do is to check out the Income Mentor Box Day Trading Academy. This is a 100% online Forex trading school that consists of well over 50 full length lessons. Each of the lessons are anywhere from 10 to 30 minutes in length.
The lessons start out with some of the most basic terms and concepts that you will need to know in order to move on with Forex trading and the lessons then quickly advance to the more complex aspects of Forex trading. By the end of the 50 plus lesson curriculum, you should know literally everything there is to know about Forex trading, to be self-reliant and profitable.
What’s also really cool is that the teacher that you get here, Andrew, is not only very knowledgeable and skilled at Forex trading, but he also knows how to teach all of these things to newbies in ways that are easy to understand. When it comes down to and Andrew is one of the most knowledgeable, approachable, and friendliest teachers of Forex that we know.
He’s been in the business for well over a decade at this point and makes a full-time living trading foreign currencies. If you want to be like him and you want to make a whole lot of money on a daily basis, setting in front of your computer, then we recommend learning from him. The way to become the best is by learning from the best.
What you should also know about this particular forex trading academy is the fact that it comes in at a very reasonable price. For just $299, you can become a full member of Income Mentor Box. This is a one-time payment with absolutely no hidden or recurring fees of any sort. Once you are a member, you are a member for life with full and unlimited access to all course content.
What we also want to remind you of here is that when you join Income Mentor Box, you get free access to one of the world’s best Forex signals services around. This signal service allows you to engage in profitable Forex trading simply by copying and pasting signals into your broker. This way, you can make money while you are still learning.
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Learning to be a Profitable Forex Trader – Final Thoughts
Before all of the tips that we have provided you within the opening section of today’s article, then becoming a profitable Forex trader really shouldn’t be all that difficult. Profitable Forex trading is all about setting the right goals. Knowing the right strategies and sticking to a proven plan that is shown to be profitable. You can manage put all the pieces to the puzzles together properly, you stand to gain a whole lot of money.
Now, with that being said, the number one best way for you to start profitable Forex trading is to get yourself a full-scale education. We definitely recommend joining the Income Mentor box Day Trading Academy because this is where you will learn all the most important trading terminology, concepts, strategies and so much more, literally, everything you need to be a profitable Forex trader.
If you want a good Forex trading education but you don’t want to pay for it, then we recommend checking out Andrew’s Trading Channel on YouTube, especially if you want to learn some of the best Forex trading strategies around.
There is no doubt about the fact that trading the market is very difficult. In fact, if you ask most people, it’s one of the hardest things that you can do. As a newbie who doesn’t know the first thing about the market, one thing that you might want to check out are some trading guides. Some simple trading cards can be very effective in teaching newbies the fundamentals and basics of trading as well as more advanced trading strategies to.
Now, with that being said, there are of course tons of trading guides out there. Now by this we are not talking about a person, but rather actual guides AKA tutorials or lessons. The simple fact is that most trading guides are tutorial that you’re going to find out. There just won’t teach you everything you need to know. Moreover, many of them are just wrong. Sure, there are some trading guides that are legit, but those often cost a ton of money, and that’s not ideal either.
What we’re here to do today is to take a look at various trading guide sources, so you know exactly where to learn the best materials from the best people. One specific person that we’re going to talk about today is Andrew. You might know Andrew from Andrew’s Trading channel on YouTube or from one of his Mentor Box Trading Academies. Yes, you guessed it, today we are here to take a look at the free trading guides on Andrew’s Trading Channel, as well as the paid ones that you get access to within his trading academies.
Best Free Trading Guides for Newbies on ATC
The main thing that we are here to look at today is Andrew’s trading channel on YouTube. Now before we start talking about the various trading guides and tutorial videos that Andrew has uploaded on this channel, what we want to do is to take a closer look at him. After all, if you expect to be one of the best traders out there, then it serves to reason that you also need to learn from one of the best.
Well, when it comes down to it, Andrew is definitely one of the all-time best traders out there, particularly at this time. He has been trading professionally for well over 10 years now. In that time, he has managed to see great success. Andrew makes a full-time living being a trader, but he doesn’t really trade full time.
If you want to make a whole lot of money trading just a few hours per day and he is a great person to learn from. There is also the fact that he is a super experienced stock market, forex, cryptocurrency, and commodities trader. In other words, this man knows a lot about many different market assets. Even better is the fact that Andrew also makes for a great teacher.
Not only does he know what he’s doing, but he also knows how to convey all of these materials in ways that are very easy for newbies to understand. When it comes down to it, there is really nobody that we would rather get our trading guides from than Andrew. What we want to do now is to take a look at some of the best and most recent trading guides and tutorials that Andrew has uploaded on his channel.
Finding the Best FX Trades
When it comes to the best trading guides around, particularly for Forex traders, this is definitely one that you want to check out. In this particular video, Andrew is going to teach you exactly how to find the best Forex trades.
Of course, if you want to make money trading foreign currencies, you first need to find the best pairs to trade with. Exactly how to find the best pairs that are going to provide you with the most profit is exactly what this trading guide is going to teach you. If you are an inspiring Forex trader, this is probably one of the first trading guides that you want to check out.
The Best Crypto Signals Group
The fact of the matter is that even if you don’t want to be a full-time trader, and even if you don’t want to take the time to learn how to trade, you can still make money. For example, this particular video talks about one of the best crypto signals groups around.
This is a group where you will get up to a dozen high-quality crypto signals per day. Ones that come complete with entry and exit points, so all you have to do is copy and paste of into your broker. Making money has never been this easy.
The Best Profit Scalping Indicator
When it comes to trading guides, you’re not always going to learn rules and tips about actual trading. Some of these guy videos, like this one might teach you about some of the best tools and indicators to use for trading.
This particular trading guide is all about the best profit scalping indicator out there known as the UPSI or the Ultimate Profit Scalping Indicator. If you need a world-class profit scalping indicator that has the power to provide you with profitable buy and sell signals for the stock market, Forex, Cryptocurrencies, and everything in between, then this is definitely something worth checking out.
The Bitcoin Super Cycle
If you’re looking for free cryptocurrency trading guides and Andrew’s Trading Channel is a great place to be. As you can see, this particular video is all about how big corn just confirmed as so-called supercycle.
If you want to know what a supercycle is, we recommend watching the video and yes, it is very important for you to know. Something else that Andrew discusses in this particular video is that U.S. banks are to allow Bitcoin trading in 2021, something that is going to have huge implications for the market.
Best Easy Bitcoin Scalping Strategy
If you want to know how to make a whole lot of profits in a very short amount of time, then what you need to do is to learn how to scalp trade. For those of you don’t know, scalping and trading is when you place very many small trades.
This tends to allow for much higher profits and a reduced risk of loss, although with that said, if you expect to be successful with scalping trading, then you do need to know what you were doing. In this particular trading guide, Andrew is going to teach you the best and the easiest scalping strategy for Bitcoin.
This way you can make many small profits in a short period of time without risking all that much. If you need a big coin trading strategy that is proven and easy to execute, then this one is definitely worth taking a look at it.
Avoiding Fake Breakout Trades
When it comes to great trading strategies, particularly in Forex trading, one thing that many traders do is to take advantage of breakouts. In case you don’t know what breakouts are, we recommend watching the video as you will get a full explanation on the matter.
The simple reality here is that breakouts can be a great way to identify new trades for you to place, but with that being said, false breakouts are a thing. If you happen to place trades based on false breakouts, you are going to lose a whole lot of money.
Avoiding false breakouts is something that many newbies have trouble with, and it’s something that you will learn exactly how to do here. If you watch this video, by the end of it, you will know exactly how to avoid fake and false breakouts like a pro.
Making Money Doing Nothing
When it comes to trading guide that are ideal for newbies, especially for people who have a very limited amount of time to trade with, then this one is a great one to check out. In this particular video, Andrew teaches newbies exactly how to make money while doing nothing at all.
In other words, this video is all about how you can place trades that are going to be open while you sleep, as well as to create trading setup that will profit you while you are in bed. When it comes to the best and easiest ways to make fast money, this is definitely something you want to know how to do.
EUR/USD Masterclass
In Forex trading, one of the most popular and profitable currency pairings is the EUR/USD pairing, or in other words, the Euro and the United States Dollar. If you know how to set up your trades and exactly what you were looking for, the training with, particular currency pairing can be extremely profitable. In fact, if you do it right, this can be one of the most profitable currency pairs out there, and this is one of the best trading guides out there that will teach you how to set up things up for this pairing.
Fastest Gold Scalping Strategy
When it comes to trading guides that are about trading gold for profit, this is one you want to check out. Here, you will learn how to scalp gold, or in other words, how to make many small and fast profits trading gold. Remember, gold is a fantastic thing to trade, and if you know what you are doing, it can be highly profitable.
Best Forex Trading Guides at Income Mentor Box
Alright, so what we do need to make clear is that while Andrews Channel is a great free trading resource, it definitely doesn’t qualify as a fully comprehensive education that starts with the basics to provide you with the ground-up foundation that you need to be a profession traded. If you really want to learn everything there is to know about trading specifically about Forex trading, then you do want to join a real trading Academy.
What we’re talking about here is the Income Mentor Box Day Trading Academy. This is currently one of the world’s most popular and trusted forex trading schools for newbies a place where you get access to the best and most relevant Forex trading guides around. This course has a very specific structure that teaches you the basics first, and then moves onto the more complex aspects of Forex trading. It comes complete with well over 50 full-length lessons, each of which come in video tutorial format.
What is really nice about these lessons is that Andrew explains everything verbally and then does everything live on video to provide you with visual aids. The bottom line is that if you want to learn Forex trading, then this is the place to be. Not only will you learn everything there is to know about Forex trading, but it is also very easy to learn.
Let’s not forget the fact that this Academy comes in at a very reasonable price, way more affordable than any other Forex trading school out there. Particularly when you consider the amount of value that you get here. Remember, once you are a member of this Academy, you are a member for life, which means that with one single payment you get full, unlimited and lifetime access to all course content. Even better is the fact that you also get something included for free, something that can help you earn money while you learn.
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A Free Forex Signals Service
As mentioned above, there is something included for free with this Forex trading school. What you get for free here is a Forex signal service. This is a service that is run over the Telegram Messenger app. Here you will get up to a dozen high-quality Forex signals per day that feature accuracy rates of up to 95%.
All forex signals come complete with entry and exit points, so all you literally have to do is copy and paste the signals into your trading platform or broker of choice. Once you execute the trade using the provided signals, you should see the profits accumulate. This is a really great way for you to earn money trading Forex while you are still learning how to do so from Andrew’s Income Mentor Box.
Best Stock Trading Guides at Stock Trading Mentor Box
OK, so the above trading school was designed for Forex traders whereas this particular one is designed for stock market traders. Folks, if you need the best stock market trading guides around and you need a fully comprehensive education that starts from the ground up, then it is Stock Trading Mentor Box that you want to check out.
Now we aren’t going to spend quite as much time talking about this trading school as the Forex trading school above, mainly because both of them have more or less the same format. Both of them have Andrew as the teacher.
They both have well over 50 full-length Lessing that take the form of explanatory video tutorials. They both come in at very low prices. An offer of unlimited lifetime membership with a single one-time payment. Moreover, this stock trading academy does also come with a freebie included.
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The UPSI Indicator
The freebie that you get included with your membership in stock trading mentor box is the very popular UPSI indicator, otherwise known as the Ultimate Profit Scalping Indicator. If you want to engage in market scalping, which is the practice of placing very many small trades with the aim of making lots of small profits, then the UPSI indicator is definitely a tool that you want to have in your arsenal.
When it comes to profit scalping indicators, this is definitely one of the best around. If you follow all of the trading guides that you get here, and you use the profitable buy and sell signals that the UPSI indicator provides you with, you should have absolutely no problems making money.
Learning to Trade with Andrew – Final Thoughts
There you have it, people, everything you need to know about where to find the best trading guides. Once again, if it’s a free education that you were looking for and you just want some basic tips, rules, and strategies, and Andrew’s Trading Channel is a great free resource to check out for all newbies.
With that being said, of course, if you want a fully comprehensive education for trading, then it is either the Stock Trading Mentor Box Academy or the Income Mentor box Day Trading Academy that you want to check out. Yes, of course. Both of these trading schools do cost money, but that said, they are very cost-effective and much more reasonably priced than any other trading guide source out there.
The simple reality here is that if you expect to be a proficient, profitable, and self-reliant trader, then you need to have the right kind of trading education in your arsenal. Without the right education and the right foundation of knowledge, you are not going to be successful. And this is true whether you’re trading cryptocurrencies, forex, the stock market, or anything in between.
If you would like to trade stocks but don’t know how, then you have come to the right place. What we’re here to do right now is to take a closer look at Stock Trading Mentor Box. For those of you who are unfamiliar with this particular trading school, this is a relatively new school designed to teach newbies how to trade the stock market. Now you might think that trading stocks is easy and that you don’t need any sort of training or education, but this is really not the case.
The fact of the matter is that trading the stock market takes a whole lot of knowledge, education, and experience. This is not something that you can just do one day and be successful at. You can’t hit the ground running when it comes to the stock market. If you expect to be profitable, you need to have the right kind of education. If you don’t get at least a minimal education before you start trading the stock market, chances are almost 100% that you’re going to lose every last cent that you invest.
If there were a trading school out there that only cost a few hundred dollars and could guarantee that you would become a profitable stock market trader, then why wouldn’t you join it? The bottom line here is that a few weeks of intensive training can turn you into a profitable stock market trader for the rest of your life. Let’s take a closer look at Stock Trading Mentor Box and how it can teach you how to become the best stock market trader this world has ever seen.
What Exactly is it?
To put it in basic terms, Stock Trading Mentor Box is a school designed to teach newbies and people of all backgrounds how to trade the stock market in a proficient, self-reliant and profitable manner. This is an online trading school that you can take from home.
Of course, it is super convenient that you can wake up, have a coffee, and learn how to be profitable in the stock market while sitting on your own couch. Being able to learn from home is definitely a big bonus. Not to mention that you can also learn on your own time. Keep in mind that this stock market trading school allows you to work through the materials at your own pace.
Sure, most people finish the course in between two and four weeks, but you can take two to four months if you so choose. The bottom line here is that this is a school made for anybody and everybody who wants to learn everything there is to know about stock market trading. If you like making money but you don’t know how to trade stocks, then Stock Trading Mentor Box is right for you.
While this course is of course oriented more towards newbies and beginners than anybody else, there is no reason why more season trading veteran cannot glean some valuable insights from it. When it comes down to it, everybody and anybody who needs to brush up on their stock market, trading rules, and strategies could benefit from this particular trading course.
The Teacher – Andrew A
We do also want to mention that the teacher of Stock Trading Mentor Boxes. None other than Andrew A. You may know Andrew from his trading channel, Andrews Trading Channel, on YouTube as well as from the income Mentor Box Day Trading Academy.
Andrew has been a profitable trader for well over 10 years now. He is a full time day trader that makes a living doing nothing but trading. The cool thing is that not only is he a great trader, but a fantastic teacher as well. He knows how to convey all of these materials in ways that are easy for beginners to understand.
What Will You Learn with Stock Trading Mentor Box?
Something that you would probably like to know about Stock Trading Mentor Box is what materials you will actually learn when you become a member. The first important thing that you need to know here is that this course consists of a total of five modules.
Each of these modules contains 10 or more individual lessons, each of which is anywhere from 5 to 30 minutes in length. In other words, what you get here is a truly fully comprehensive and full-scale trading education.
It starts with the basics. Things like basic concepts and terminology and then quickly works its way up to the more advanced trading strategies. Simply put, you will learn everything there is to know about stock market trading all of the ins and outs that you need to be aware of in order to become a profitable stock market trader. Let’s take a quick look at the five modules that you will have access to.
Mastering and learning the foundations and getting set up for stock trading.
The mechanics of day trading and the stock market.
Adopting with different trading platforms.
Learning which is the best security and asset to day trade.
Mastering swing trading and day trading strategies.
Once again, keep in mind that each of the modules contains 10 or more individual lessons. What is also important to note is that each of the lessons comes in video format. The teacher explains everything in a verbal manner, but then also backs everything up with live video examples. This means that you can easily follow along. Remember, this course is designed for newbies, so everything is made to be very easy to grasp.
Stock Trading Mentor Box – The Cost + A Freebie
What you also need to know here is that becoming a member of Stock Trading Mentor Box will cost you $399. This might seem like a lot of money, but the fact of the matter is that many other trading schools, the vast majority of them, cost thousands of dollars, and they don’t even provide you with any more value or education and you get right here.
There is also the fact that when you become a member of Stock Trading Mentor Box, you get a free indicator the brand new UPSI indicator. This is a high quality profit scalping indicator that Andrew and his team developed from scratch. It has the ability to provide profitable buy and sell signals that are designed for short-term scalping trading. It’s a really useful tool indeed, and you get it free of cost.
Stock Trading Mentor Box – Final Thoughts
When all has been said and done, the bottom line is that if you want to learn how to trade the stock market profitably and proficiently, Stock Trading Mentor Box is the place to be.
If you are just getting into the world of market trading, you may be having some issues making money. Heck, even traders that have been in the business for months or even years often have troubles with their win/loss record. That said, whether you’ve been a trader for one year or one minute, something you can make use of is the new UPSI indicator.
This is a new indicator that was just released a couple of months ago, one that has already made a huge impact in the trading community. Whether you want to trade Forex, stocks, crypto, or anything in between, the UPSI indicator can help make you much more profitable. Today, we want to take a much closer look at this indicator to see what it is all about and what it can do for you.
What is an Indicator in Trading?
If you are really new to trading, you might not even know what exactly an indicator in trading is or what it does.
Here we have the basic definition of an indicator to help get you started, “In the context of technical analysis, an indicator is a mathematical calculation based on a security’s price and/or volume. The result is used to predict future prices. Common technical analysis indicators are the moving average convergence-divergence (MACD) indicator and the relative strength index (RSI)”.
The simple fact here is that indicators are technical analysis tools used in many types of trading, with the main benefit being that they provide you with important information in regard to movement, volatility, and direction of future prices. When it comes to trading, particularly when engaging in technical analysis, an indicator is your number one best friend, and yes, this includes UPSI.
What is Scalping Trading and What is a PSI?
Alright, so now you know what an indicator is, but what is scalping and what is a PSI. Ok, so in trading, scalping is a particular method od trading, one most often used by Forex traders, one which involves the buying or selling currency pairs, and only holding onto it for a short period of time, with the aim being to make many small but consistent profits.
So, scalping is all about making lots of small profits in a short time frame. Now, PSI stands for Profit Scalping Indicator, and is therefore a special type of indicator designed to be used by scalping traders. In case you are wondering, the U in UPSI stands for Ultimate, hence the Ultimate Profit Scalping Indicator.
Introducing the UPSI Indicator
The fact of the matter is that there are plenty of indicators out there, with many of them being PSI. however, the issue is that most of them don’t work, and the few that do work, are way to difficult for the average person to use. Well, this is why we want to talk about this new UPSI indicator, one that is easy to use, actually works, and doesn’t cost much to purchase.
What does it do?
In layman’s terms, the UPSI indicator uses a set of very advanced and state-of-the-art algorithms and market analysis techniques to provide you with profitable signals. To be precise, UPSI provides you with buy and sell signals for various market assets, and yes, support and resistance play large roles here, but there is so much more to it than that. What it comes down to is that this indicator provides you with great signals for short-term trades. All you need to do is to take the signals and place trades with them.
What do You Get with it?
There are three components you get here. The first component is the trend indicator that provides users with accurate buy and sell signals. The second component is the UPSI trend cloud tool, which helps to identify both short- and long-term trends. The third component is a volume indicator, which informs you of the volume at which specific assets are being traded at.
Who Created UPSI?
UPSI was created by none other than Andrew A, as well as his team of trading and coding experts. You might know Andrew from his YouTube Trading Chanel, from Stock Trading Mentor Box (The BEST STOCK MARKET TRADING SCHOOL AROUND!), and from the Income Mentor Box Day Trading Academy (An AWESOME FOREX TRADING SCHOOL). The bottom line is that Andrew has been in the business for a long time and he is somebody we trust very much.
What can it Trade?
The really cool thing about the UPSI indicator is that it is designed to trade stocks, Forex, cryptocurrencies, commodities, and more. On that same note, unlike so many other indicators out there, this one allows you to trade all Forex pairs, not just the half-dozen or so major pairs.
When using this indicator, the best time frames to trade are 1 hour, 4 hour, and 1 day. Remember, this indicator is designed for short-term trades.
Where can I use it?
The UPSI indicator is designed to work exclusively with tradingview.com. Unfortunately, at this time, it cannot be used anywhere else.
How Much does UPSI Cost?
The usual price of the UPSI indicator is $799, which no, is not cheap, but at this time, it is on sale for just $299, thus allowing you to save $500. Moreover, if you want to learn stock market trading and you want this indicator, a membership in Stock Trading Mentor Box costs $399, and the UPSI indicator comes included for free with it. So, for just $100 more, you can learn to be pro stock trader.
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The UPSI Indicator – Final Thoughts
The bottom line is that if you want to engage in scalping trading, whether for Forex, crypto, commodities, stocks, or anything else, a good indicator is what you need. At this time, the best PSI out there is the UPSI indicator, and we definitely recommend checking it out. When it comes to newbies and trading, this is one of the easiest and fastest ways to make reliable profits on a consistent basis.
The fact of the matter is that market trading is not easy, not at all. It takes a heck of a lot of education, knowledge, skill, and experience to be a professional market trader. This is true whether you plan on trading stocks, Forex, indices, commodities, cryptocurrencies or anything in between.
People, market trading is not something you can just decide to be successful at. Becoming a profitable market trader doesn’t just happen overnight. It takes learning and dedication.
Well, for all of you who want to start market trading and actually want to make money doing so, you have come to the right place.
Today, we want to take a closer look at some of the very best educational resources for aspiring traders out there. The teacher we want to talk about today is Andrew, and we want to focus on his market trading teachings. He has a few different resources and funnels that you can check out, so let’s do that right here and now.
Market Trading on Andrew’s Trading Channel
One of the best free resources that all people have at their disposal is Andrew’s Trading Channel on YouTube. This is a very popular channel, and indeed, Andrew is highly respected in the trading community.
He has created, lead, and uploaded literally thousands of trading guides, tips videos, and is much more over the past few years.
The result is that Andrew’s Trading Channel has around 60,000 subscribers and counting. People don’t like Andrew just because he knows what he is doing, but because he is a great teacher. Everything is explained in detail, and he always uses live video examples to make it much easier for you to learn.
Now that you know what Andrew’s Trading Channel is and how it can benefit you, let’s take a look at some of the most recent market trading guides and tutorials that have been uploaded for you to take advantage of, courtesy of Andrew.
How to Double Your Forex Account
One of the best market trading guides to hit this channel is also the newest one, which focuses on how to double Forex accounts. The fact is that as a newbie trader, you probably don’t have all that much capital to invest. Now, trading with limited funds is a challenge no doubt, but it’s not impossible. Here, Andrew will show you how to start with a very limited trading account and still make good money with it. When it comes to newbie traders, this is one of the most important guides that you need to check out.
Avoiding Fake Breakout Trades
Another awesome market trading guide that you should check out on Andrew’s Trading Channel is this one about fake breakouts. What you need to know here is that while breakout trading can be very profitable, it can also be super tricky. Breakouts are easy for professional traders to spot, but much harder for newbies to make sense of. Here, Andrew will teach you all about breakout trading, particularly how to avoid acting on fake or false breakouts.
Live Day Trading Signals and Analysis
Although this video is not really a trading guide, it’s definitely a useful one to check out. In this video, which was recorded and aired live, was all about how to analyze the market in real-time. Here, Andrew performs a myriad of market analysis techniques which you should know. Although it is too late now, Andrew was providing awesome Forex trading signals when the video was live.
A Ten Minute Bitcoin Scalping Strategy
If you have been paying attention to the market, particularly cryptocurrencies, then you probably know that at this time, Bitcoin makes for a great trading and investment opportunity. That said, Bitcoin is very volatile, which means that long term trades are not ideal. If you want to make quick cash with relatively low risk, you definitely want to check out this guide on a super Bitcoin scalping strategy that takes just ten minutes to execute and to profit.
Two Minute Profits Scalping Gold
If you like scalping trading, and you are interested in trading gold, this this market trading guide on Andrew’s Trading Channel is definitely one you want to check out. Here, Andrew shows you how you can make hundreds of dollars in profit within just a couple of minutes of trading. Now, it’s not super easy to execute this strategy, but it does work wonders in terms of lining your pockets.
Best Stocks to Buy Right Now
This is another one of these trading guides that you do really need to see in real-time as it airs live, but that said, it still provides you with a good example of what to expect when Andrew airs these kinds of videos. In this particular one, Andrew discusses what the three best stocks are to buy at the current. He also provides many other stock market trading tips that you should be aware of.
The Best New Profit Scalping Indicator
One of our favorite things to mention when it comes to market trading is that good indicators always go a long way. What you may not know is that Andrew created his own indicator, the UPSI indicator, which is a high-class profit scalping indicator. In other words, this is a great indicator for anybody who wants actionable buy and sell signals that are easy to work with.
The New Stock Market Trading School
The other thing worth mentioning is that the Stock Trading Mentor Box school just opened up. Yes, this is also Andrew’s creation, an awesome stock market trading school that takes stock market newbies and turns them into pros. Check out the included video for more information.
Trading Like a Pro, With a Pro – Final Thoughts
If you want to become a professional at market trading, and you want to make money doing so, then learning from Andrew is what we recommend. Whether you want to check out his channel on YouTube, or his new stock market academy, it’s definitely worth the time.
Are you a newbie to the world of currency trading? If so, you are in the right place. Let’s get to it and discuss some of the best Forex trading tips and strategies for 2021, so you can get to making some real profits.
Forex Tips for Newbies
The first thing that we want to cover today are some of the most important Forex trading tips that newbies need to adhere to. If you follow the simple tips and rules as outlined below, your chances of success will increase drastically.
Start Small
First off, when you are just starting out with FX trading, it’s important that you start small. By this, we mean that you shouldn’t have many trades open at the same time, no more than two or three, or else they become hard to keep track of. Moreover, don’t invest much money into single trades. If you are a beginner, chances are you will make mistakes. If you are going to lose trades, they best be small ones.
Manage Risk
Something else to adhere to when it comes to Forex trading for beginners is the 1% rule and the 3% rule. Now, it depends on who you ask, but the bottom line is that each trade you place, the money invested in it, should not total more than 3% of your total trading capital at your disposal. You don’t want to invest half of your money in a single trade, because a couple of losses will wipe you out.
Money Management
Just remember to manage your money properly. The rule of thumb in FX trading is that you should never trade with money that you cannot afford to lose. Don’t gamble your rent or mortgage payments on the chance that you could strike it big.
Pick a Good Strategy
FX trading is not the kind of thing that you can just do on a whim. It’s not something emotional and it’s not something that you can wing. FX trading needs to be well thought out, planned, and methodical. This means finding some solid trading strategies that are easy to master and proven to work.
Remain Consistent
In terms of Forex trading tips for newbies, one the best ones we can give you is to try and be as consistent as possible. If you lose a trade, don’t throw your game plan in the trash and start over. If you know that your strategy is good, weather a few losses and keep on trucking. Consistency is key in FX trading.
Get a Trading Education
One of the best things that you can do before you even start here is to get yourself a decent education. The fact of the matter is that without at least a basic understanding of the market and FX trading concepts, you won’t get very far. You wouldn’t run into a burning building without first learning how to be a firefighter.
Finding the Right Broker
Finding the right broker for trading is a pretty big deal too. Some are best for heavy trading while others are best for newbies. Try to find yourself a low cost and beginner friendly broker.
Set Realistic Goals
One of the biggest mistakes that newbie traders make is to set super unrealistic goals. Folks, you won’t make thousands of dollars in your first weeks or even months of trading. There is a learning curve involved, and you need to realize that for the first while, your profits aren’t going to be anything super exciting.
Make Weekly & Monthly Plans
The other Forex trading tip you should follow is to prepare some weekly and monthly trading plans based on both technical and fundamental analysis. Don’t just start trading blindly.
Some Simple Forex Trading Strategies
What we want to talk about now that we have covered some of the most important Forex trading tips for newbies, are some of the best and easiest Forex trading strategies that you as a beginner can employ with relative ease.
5 Minute Gold Scalping Strategy
This particular strategy for Forex trading is a truly fantastic one, something that every newbie can learn how to do in just a couple of hours. Even better is the fact that these trades only last for a few minutes and involve small investments, thus making this strategy perfect for newbies.
VWAP Trading Strategy for Newbies
VWAP stands for volume weighted average price, and although it is quite the mouthful, it’s a fantastic trading tool to know, and as you can see from this video, it allows for some fairly straightforward strategies that any newbie can learn.
Best Fibonacci Strategy for Newbies
The Fibonacci retracement indicator is another one of these indicators that allows for easy trading for newbies. Watch the video included here to find out exactly how to use it with ease.
Where to Learn Forex Trading in 2021
Seeing as one of the most important things you can do as a beginner Forex trader in 2021 is to get an education, it might be a good idea to know where the best place to get that education is.
Well, when it comes down to it, the best place to learn everything that there is to know about Forex trading is from the Income Mentor Box Day Trading Academy.
With a fully stocked curriculum, over 55 full length video tutorial lessons, and a fantastic mentor that makes learning fun and easy, not to mention for a very low cost, Income Mentor Box is the place for newbies to be.
Forex Trading for Newbies in 2021: Final Thoughts
The bottom line here is that as a newbie Forex Trader in 2021, you do need to be careful. There are many great Forex trading tips and rules that you need to follow, and some really easy strategies that you can learn in no time at all.
That said, we feel like the most important thing you can do for your trading game is to get an education. Making money in the world of trading is much easier when you actually know what you are doing.
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