Forex Trading Built To Last. Book 1: Metanoia (Paradigm Shift)
Steps becoming a successful Forex Trader.
3. Study and master Forex Trading knowledge and elements.
4. Prepare the trading requirements.
6. Practice with demo until you have consistent profit.
9. Evaluate your plan and adapt as necessary.
10. Always think and prepare for the worst scenario.
Change Your Paradigms.
You need to change your paradigms or perspectives about Forex Trading. Most of them that have been thought are wrong and misleading. Below are important paradigms that you need to change:
2.2. Why do you want to trade? What is your ultimate goal?
2.3. What kind of trader lifestyle.
2.4. Forex trading – business vs. gambling.
2.5. Forex trading – business owner vs. job owner.
2.6. Why do you trade Forex, not other products?
2.7. What is your income expectation.
2.8. Prediction – Holy Grail – 100% winning ratio.
2.10. Margin Trading – Leverage – Stop or Cut Loss.
2.11. Risk – reward – probability.
2.13. Capital Management & Free Capital Method.
2.15.What skills and attitudes are needed to be successful trader?
2.16.Trading Profit-Loss Formula.