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MASTER ONE FOREX TRADING STRATEGY AT A TIME

If your goal is to become MASTER of your Forex trading strategy you will

need to have sharp focus and not change strategies every week

likevmany amateur traders do. Bruce Lee is known as the best

martialbartist of all time, but he wasn’t born like one. He earned that

title with dedication and focus. He learned to become a MASTER of his

craft and you need to do the same. If you want to be the best you

need to adopt the Bruce Lee mentality

If you want to be the best you first need to forget everything you learned

so far about trading and start from the beggining. The main mistake

traders make, is that when they try to adopt a new approach, they still

use the old knowledge. If you really want to adopt a fresh new

strategy, you need to forget all previous methods and by it prevent

their influence on your current perspective on the market.


• TRAIN YOUR BRAIN 

You need to learn to maater one trading setup at a time. That will help

you to train your brain to become more disciplined and objective, and

that are characteristics you deffinitely need to excel at Forex trading.

Your chances of making money will increase if you learn to master and

to »own« one forex trading at a time, but the proces to acomplish it

can tske you months, maybe even years. When you completely master

one trading set up you get a better feeling for which trades to take and

which ones to pass on. Many traders believe there is some »holy-grail«

trading sistem, that would allow them to avoid having to develop their

discretionary trading skills, but professional trading inherently involves

a fine-tuned sense of being able to see the difference between A,B and

C grade trade setup.

The discipline and objectivity that you will learn will expend to other

areas of trading as well (managing your risk, how to remain calm and

collected…). When your thoughts are scattered on multiple trading


strategies and (or) you have little confidence , when you begin to

doubt in the strategy that you are currently using, you won’t make

very wise trading decisions. But when you learn to master and »own«

one trading strategy at a time, both of these problems will solve

themselves, because you will focus on one strategy at a time and you

will automaticaly gain confidence in each setup as you master them

one at a time. The reason most traders lose money is because they

OVER-trade, OVER-leverage and analyze TOO MUCH data, but with

mastering one setup at a time you will reduce variables in your

trading.


• LEARN TO THINK LIKE YOUR MENTOR

Mentor or trading strategy are paramount to your success as a trader,

and if you are looking for a new one, it’s obvious that what you were

doing before was not working for you. You need to wash your mind of

everything you learned so far and adopt the same trading

philosophies that your new mentor or trading strategy teaches. I used

the approach of mastering one price action setup at a time myself and

it worked. When you master one price action setup you can move to

another, until eventually your Forex trading arsenal is fully loaded.


• SPECIALIZATION IS THE UNIVERSAL KEY TO MAKING MONEY

the thing that all people that make a lot of money have in common is

SPECIALIZATION.

They focus on one thong that they are passionate about, and do it over

and over until they achieve the result they want. If we simplify it, you

won’t make money at anything in life if you master nothing. All

successful people mastered something in their life, sure they have ups

and downs but they don’t let the downs to beat them. They take

negative energy and they transform it into motivation and they keep

on fighting because they believe in what they were doing. Had they

got distracted and involved with other side-projects or interests they

would never have achieved what they did. It’s the same with trading.

You need to take one price action setup at a time and become a

»specialist« in it. You need to become the person people look up to

for advice on the setup that you »own«. So master first one setup and

then move on to the next, because doing things half-ass will get you

nowhere.


• HOW TO MASTER THE SETUP

Mastering one price action setup at a time means that when you

are interacting with the market your setup is the only one you think

about or look for. You drill your setup so long that you know every

angle and condition it can or should be traded in. Keep track of your

trqdes made with the same setup and then analyze it in which

conditions it works best. Research your setup, find informations

and use them to your benefit. When you think you learned

everything qbout your setup try it on your demo account and if you

are becoming consistently profitable then think about adding a new

setup to your trading toolbox.


• ONE SETUP DOES NOT MEAN ONE VARIABLE

To master one setup means that you are able to use that setip in a

particular market context. For example, you might learn to master

the pin bar strategy in a trending market and only enter or exit at

confluent levels within the trend, this is an example of how a

“setup” can mean the actual price action setup itself and the

market conditions that it is traded in. So, in order to fully master

one price action setup you must learn to master this setup in one

particular market condition, perhaps you want to master the fakeout

strategy in range-bound markets, or the inside bar in down-

trending markets; the totality of the actual price pattern itself

combined with the particular market condition you trade it in is

what you must master in order to consider yourself a “master” of

one Forex trading strategy. To learn more about mastering the price

action setups that I teach, check out my price action trading course.

Website: https://elitefxacademy.com/elite-trading-program/

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