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Trade like a robot

Trading is easy. Making money from trading is easy. You want to make £200 – £5000 a day – doable.

The price forecasting isn’t difficult, because once you understand the technical, know how to use the indicators and review previous price action you can establish if price is going up or down, where the entry is and where the exit is. That’s the easy part.

As long as you are prepared to learn, and spend time to learn and understand then you can make it.

 

What you need to really focus on, and why most traders fail is you and your personality. The psychology of holding a winning trading to reach the target is hard for a lot of people – most traders close winning positions too early as they get excited by the profit they see. The same is true when the trade goes against them – they allow the loss to build in the hope that it comes good. Sometimes it does, and the loss goes into a profit and other times the loss gets bigger.

This guide is to introduce you to a world of trading,  from little or no experience and to enable you to be able to trade and make money.

What’s inside

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The Markets

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Getting started

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Trading tools

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Chart patterns

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How price moves

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Support and resistance zones

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Risk Management

Chapter 1

This guide is to introduce you to a world of trading, from little or no experience and to enable you to be able to trade and make money.

I started with courses, podcasts and books – you name it – but none of them really helped me. I will therefore use my experience combined with what I was taught to give you the tools needed, and more importantly, insights from my personal experience allowing you to become profitable whilst avoiding becoming part of the game they want you to play.

Chapters

Pages

You need to place your trades like a robot, or one of the algorithms the major banks use.

Establish entry, bet size, maximum loss and exit. Do not change it. If it works you make excellent money and if
it fails you need to understand why and learn from it.

SELF DISCIPLINE

You need to place your trades like a robot, or one of the algorithms the major banks use. Establish entry, bet size, maximum loss and exit. Do not change it. If it works you make excellent money and if it fails you need to understand why and learn from it.

Self discipline is crucial. Before placing a trade, you need to have established key information to include; entry point for the trade, exit point (taking profit) for the trade and where the maximum loss (stop loss) will be. Many traders will move their stop loss in the hope it comes good and whilst sometimes that does work more often than not it makes the loss bigger and therefore reduces your account size more quickly.

Having the self discipline to allow the stop loss to be taken is key, and if it is you need to then ask why the trade didn’t work. Losing the self discipline will only result in more losses. I have a rule of three straight losses and I will walk away as clearly it isn’t my day and I need to review why. If your self discipline goes you can try and chase the win, increasing bet size and making the losses for that day even greater. Nearly every trader I have spoken to has done this and it has cost them a lot!

 

On going study and learning is critical. Most new traders want to jump in and start making their millions. But they rely on being sent trading signals, or social media guru’s that claim to be able to tell them all they need to know. Unsurprisingly, most fail and are too good to be true. But all you need is in the charts.

Excellent added value

Free trade table and glossary

Included with the guide is a fully comprehensive trade glossary and
FREE printable trade table to make recording your trades easy.

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