Content: 

  • Why 95% of traders fail and what they should do then?
  • Why do you need a very safe trading system (aka low leverage)?
  • Steps becoming a successful Forex Trader
  • Rules of the game
  • Change your paradigms
    • General Forex Trading Risks
    • Why do you want to trade? What is your ultimate goal?
    • What kind of trader life style.
    • Forex trading – business vs. gambling
    • Forex trading – business owner vs. job owner
    • Why do you trade Forex, not other products?
    • What is your income expectation
    • Prediction – Holy Grail – 100% winning ratio
    • Balance Vs Equity
    • Margin Trading – Leverage – Stop or Cut Loss.
      • Broker Leverage
      • True Leverage
      • Proper Leverage
    • Risk – reward – probability
    • Trading Costs.
    • Capital Management
    • Mentality
      • Iron Gut and Tiger Claw
      • Discipline
      • Patience
      • Greed and fear
      • Self Destruction
    • What skills and attitudes are needed to be successful trader?
    • Trading Profit-Loss Formula.