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HOW TO MAKE A LIVING FROM FULL-TIME FOREX TRADING

Every trader and active investor dreams of making a living with

trading. But don’t think that the path to getting rich with forex trading

is fast and easy.

If you want to trade for a living from home you first need to

understand that that kind of trading takes discipline, effort and

planning. There are no shortcuts, you need to follow the steps to

reach the top like every other full-time Forex trader and if you do so

you have a very good chance to become one yourself.

If you are ready to open your mind and forget all things you learned

so far about full-time Forex trading, then read on to learn some of the

basic and most important features of making money as a full-time

Forex trader.


HOW TO BECOME A FULL-TIME FOREX TRADER

There is no »magic-formula« to become a full-time trader, but many

sites will try to convince you othervise. However there are somw

typical featurea that define the majority of full-time Forex traders.


BE REALISTIC: 

that is perhaps the most common quality of full-

time traders. If you want to be one of them, don’t expect to

become a billionairw overnight, or to win every trade.

You muat stay realiatic about what is possible given the size of

your trading accout, or you will end up risking to much with

trades or start over-trading. You must be carefull not to become

greedy or to anxious to make money. If you have a small trading

account, your trades will need to stay small as well. This means

it will take you more time to become a full-time trader, but over-

trading or over-leveraging your account won’t speed things up,

but only slow down your progress.So first you need to get your expectations in-line with reality, so

make sure to manage your risk properly on every trade and

don’t get upset when you hit a losing trade.


THE DAILY ROUTINE OF A FULL-TIME FOREX TRADER

DAILY ROUTINE: every full-time trader has it and has performed

it for so long that it becomes a habit. You can get to that point

only with an explicit plan that you follow.

• HAVE A TRADING PLAN AND TRADING JOURNAL

You need to have both if you want to develop proper trading

habits and keep your emotional trading demons under control,

and you need to actually use them, not just have them. They are

an important factor in your endurance on the markets and your

success or failure as a trader.

• DAILY/WEEKLY CHART ANALYSIS

You need to create your own daily chart commentary and keep

notes in your trading diary. You do that every week and you will

have a weekly guide to follow each day as you do your chart

analysis. Also make yourself a daily commentary before you

make any trade (go through your favorite markets, mark the key

levels, conditions and any price action setup you see ).

You should tradd during the BEST FOREX TRADING HOURS for

your location, which is during the London and New York trading

sessions. Full-time traddrs know their moves before they enter

the trade, and make as few decisions as possible during a live

trade moment.

HABITS

With time you will deevelope positive trading habits as a result

of following a positive daily trading routine everyday, while

struggling traders have all wrong/negative trading habits.



A FULL-TIME FOREX TRADER’S OFFICE

• SETTING UP YOUR TRADING OFFICE

It’s not necesary to have it, but every full-time home-based

Forex trader has it, and it’s most likely very organized. You don’t

get to the point of FULL TIME FOREX TRADING from being

unorganized and out-of control impulsive trader. Being

organized is one of the things that come with development of

peoper trading habits.


FULL-TIME FOREX TRADERS ARE MASTERS OF THEIR TRADING EDGE

• BELIEVE IN YOUR TRADING METHOD

It’s important to believe in your method of you want to gain

confidence. Because if you don’t understand and believe in your

strategy you won’t succed in the markets. Every full-time Forex

trader believes in his trading method and doesn’t doubt in his

decisions or any trade he takes. If you want to learn, how to

trade without doubt and fesr, checkout this article: CAN’T PULL

THE TRIGGER ON YOUR TRADES


MASTER YOUR TRADING STRATEGY

Before you jump into a real-time trading account you need to

fully master your trading strategy. Many traders make a crucial

mistake of not mastering their trading strategy and they end up

guessing when to enter the market. FulL-time Forex traders

trade with confidence- they don’t get scared and end up sitting

there looking how the market takes off without their input. They

also don’t regret their trades, because they mastered their

trading strategy and they aceppted that not every trade will

win.



MONEY MANAGEMENT IS THE KEY

• MANAGING CAPITAL

What struggling traders don’t do and full-time Forex traders do

is they win big and lose small. Sounds simple right? But to

achieve it you must follow the other points discussed in this

article.

Proper RISK MANAGEMENT is very likely the defining factor of

a successful full-time trader, and that’s what beginning and

struggling traders fail to understand. Never risk more than you

are emotionally comfortable with losing.


FULL-TIME FOREX TRADING PSYCHOLOGY

• MANAGE YOURSELF PROPERLY

You need to control yourself and your emotions, otherwise you

will end up trading when your edge is not present or risking to

much on one trade. You always need to have one question in

your mind: » Am I trading logically or emotionally?« The key to

success is to have the PROPER FOREX TRADING MINDSET and to

reach that you need to be realistic and have organized trading

routine, that will help you to develop trading habits, which will

lead you to proper trading mindset. If you do these things it will

only be a matter of time before you become a full-time Forex

trader.


WHAT YOU WILL NOT FIND ON THIS PAGE

You won’t find mathematical formulas, complex technical indicators,

heavy charts or elaborate software demands. You will find a simple,

uncomplicated approach to home-based trading that can be reached

by anyone, anywhere. 

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

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