How do you become a successfull trader? / theforexscalpers.com

How do you become a successfull trader? / theforexscalpers.com

How do you become a successfull trader?

How do you become a successfull trader?

Everyone wants to know how to become a successful trader.
Is there a strategy that makes you very successful? Sure, a good working strategy is very important to be a successful  forex trader.
But only with a good strategy you will unfortunately not be successfull. There are a few important points to become a successful trader.
I will now briefly discuss these points with you.

How do you become a successfull trader?

1. A good strategy. / How do you become a successfull trader?
As I mentioned earlier, a good strategy is very important.
Keep testing these especially until you make much more profit than you  lose.
Get to know the forex pair well, observe this for a while very well so that you know exactly how it moves.
Keep practicing your strategy on a demo account or a simulator until it is good enough to go live!

2. A good risk management. / How do you become a successfull trader?
When you don’t have your risk under control at every trade, you simply open the door for the friendly but emotionals neighbours to come in and dominate in your house.
We promise it’s hard when you start trading at the Forex market.
Because it is an emotional market. It’s hard to stop trading emotionally once you’ve started or even admit you’re trading emotionally.
The game is about how much you lose or better said how you minimize your losses.
Not about your winnings. We all have that gambling friend that always talks about his big winnings.
He never tells you about the day he lost $1000 on one hand of Black Jack does he?
A good example that shows you how important it is to minimize your losses.
You don’t want to lose that $1000 you’ve won with 100 hands on one hand do you?
So set your losing limit before you trade.
This has to be an amount that your completely OK with losing.
If you lose it’s just another day at the office.

How do you become a successfull trader?

3. The right mindset. / How do you become a successfull trader?
The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations.
They think it’s a getting rich quick system.
Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week.
That’s just unrealistic. The Forex market is not a casino.

These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat.
Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?”
Always have the rule that you can explain why you make a certain decision.
Your thoughts have to be robotic and emotionless.

These are the 3 most important points, of course there are many more to be successful and profitable.
If you have questions you can always contact me.
And if you joined the forex bootcamp you will of course learn all ins and outs!

How do you become a successfull trader?

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

 

 

 

Trader mindset / Theforexscalpers.com

Trader mindset / Theforexscalpers.com

Trader mindset.

Trader mindset.

The forex scalper is active long enough to penetrate and recognize the thoughts of many traders.
It’s important to know about the emotional and psychological part of trading.
If you think strategy matters your partly wrong.
You need to be smart, patience, disciplined and have the right mindset to be a successful trader.

Don’t get me wrong. There are a lot of webistes trying to sell a robotic, profit guaranteed, system.
Ever thought why? All they want is for you to buy their product.
They give you the illusion that their system is 100% waterproof so you buy their product.
But let’s think a bit longer before buying these systems.
If they are 100% successful, why is the price just a few hundred dollars?
If it gives a guaranteed profit it should be valued much and much higher.
If you have a system that will guarantees you a profit, would you sell it for a few hundred?
Just what I thought, you won’t.

trader mindset

As experienced traders we tend to tell you the truth and the truth only.
The thing is. Starting traders more often realize that their so called “guaranteed profit” system doesn’t work the way they hoped it would.
That’s why we give you this decent course.
Having an effective trading strategy is just a small piece of the big puzzle.
Again, balance your emotions and be aware of your mental process is vital in this business.

 

 Why majority of all traders keep losing / Trader mindset.

The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations.
They think it’s a getting rich quick system.
Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week.
That’s just unrealistic. The Forex market is not a casino.

These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat.
Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?”
Always have the rule that you can explain why you make a certain decision.
Your thoughts have to be robotic and emotionless.

Start trading with money you can lose. Since losing money is part of this business.
We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%.
In the beginning the emotions will probably get the better of you.
You open your account after you’ve red some about Forex and bought your winning system.
You are all excited to become rich and live that lifestyle you’ve always wanted.
At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision.
Don’t get caught up in your dreams like all the other traders do.
Think a head and you will have a bright future!

 

“Practice makes perfect”.

Doubt / Trader mindset:
The worst you can do is doubt yourself. When you don’t have faith in yourself you start asking other traders or online forums to search for answers that aren’t there.
Remind yourself, your opinion is the one that counts.
Trust your guts and judgement. Learn to live and love it!

Try not to look at other traders or what their doing. They might have a slight different strategy.
For example you are looking for a 5 PIP profit and trying to compare yourself with a trader that is looking for a 50 PIP profit.
You see the danger in this?

Dutch Forex University is active long enough to penetrate and recognize the thoughts of many traders. It’s important to know about the emotional and psychological part of trading. If you think strategy matters your partly wrong. You need to be smart, patience, disciplined and have the right mindset to be a successful trader.     Don’t get me wrong. There are a lot of webistes trying to sell a robotic, profit guaranteed, system. Ever thought why? All they want is for you to buy their product. They give you the illusion that their system is 100% waterproof so you buy their product. But let’s think a bit longer before buying these systems. If they are 100% successful, why is the price just a few hundred dollars? If it gives a guaranteed profit it should be valued much and much higher. If you have a system that will guarantees you a profit, would you sell it for a few hundred? Just what I thought, you won’t.   As experienced traders we tend to tell you the truth and the truth only. The thing is. Starting traders more often realize that their so called “guaranteed profit” system doesn’t work the way they hoped it would. That’s why we give you this decent course. Having an effective trading strategy is just a small piece of the big puzzle. Again, balance your emotions and be aware of your mental process is vital in this business.        Why majority of all traders keep losing.  The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations. They think it’s a getting rich quick system. Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week. That’s just unrealistic. The Forex market is not a casino.   These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat. Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?” Always have the rule that you can explain why you make a certain decision. Your thoughts have to be robotic and emotionless.    Start trading with money you can lose. Since losing money is part of this business. We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%. N the beginning the emotions will probably get the better of you. You open your account after you’ve red some about Forex and bought your winning system. You are all excited to become rich and live that lifestyle you’ve always wanted. At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision. Don’t get caught up in your dreams like all the other traders do. Think a head and you will have a bright future!   “Practice makes perfect”.  Let’s take a look at the emotions that influence your trading:   Doubt:  The worst you can do is doubt yourself. When you don’t have faith in yourself you start asking other traders or online forums to search for answers that aren’t there. Remind yourself, your opinion is the one that counts. Trust your guts and judgement. Learn to live and love it!   Try not to look at other traders or what their doing. They might have a slight different strategy. For example you are looking for a 5 PIP profit and trying to compare yourself with a trader that is looking for a 50 PIP profit. You see the danger in this?  Every trader has a different experience or a different way of analyzing. What doubt does. It makes you listen and value the opinion or strategy of the other trader more. You stop following your rules and this might very well led to a big loss or even bankruptcy.       After a few losing trades it’s likely to doubt yourself and you strategy. Mostly you think you don’t have what it takes or something in the area. Advice is to look at your mistakes and learn from them. Let these mistakes adjust your strategy a little bit. Maybe you conclude that it wasn’t a mistake and simply bad luck. If that’s the case keep doing what you did and trust yourself that the outcome will be profitable on the long run.   “Move on, understand what happened in the past but do not have an emotional attachment to it.”

Every trader has a different experience or a different way of analyzing.
What doubt does. It makes you listen and value the opinion or strategy of the other trader more.
You stop following your rules and this might very well led to a big loss or even bankruptcy.

After a few losing trades it’s likely to doubt yourself and you strategy. Mostly you think you don’t have what it takes or something in the area.
Advice is to look at your mistakes and learn from them. Let these mistakes adjust your strategy a little bit.
Maybe you conclude that it wasn’t a mistake and simply bad luck.
If that’s the case keep doing what you did and trust yourself that the outcome will be profitable on the long run.

 

“Move on, understand what happened in the past but do not have an emotional attachment to it.”

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

Manage your risk / theforexscalpers.nl

Manage your risk / theforexscalpers.nl

Manage your risk

Manage your risk


Risk Management:

When you don’t have your risk under control at every trade, you simply open the door for the friendly but emotionals neighbours to come in and dominate in your house.
We promise it’s hard when you start trading at the Forex market.
Because it is an emotional market. It’s hard to stop trading emotionally once you’ve started or even admit you’re trading emotionally.
The game is about how much you lose or better said how you minimize your losses.
Not about your winnings. We all have that gambling friend that always talks about his big winnings.
He never tells you about the day he lost $1000 on one hand of Black Jack does he?
A good example that shows you how important it is to minimize your losses.
You don’t want to lose that $1000 you’ve won with 100 hands on one hand do you?

So set your losing limit before you trade.
This has to be an amount that your completely OK with losing.
If you lose it’s just another day at the office.

Why Risk Management is so important:
Risk management is vital for success, safety and sustainability in Forex trading.
Risk management won’t let you lose more on a trade than your comfortable with.

Even if you are one of the best traders or you have this unique talent to see the right spot to step in a trade.
Without good risk management you will never be a successfull trader on the long term.
Basic knowledge is to always go for more PIPS as your willing to lose.

manage your risk

Want to know more about trading in forex / forex mistakes or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

Forex mistakes / The most mistakes made / theforexscalpers.com

Forex mistakes / The most mistakes made / theforexscalpers.com

Forex mistakes / The most mistakes made.

Forex mistakes / The most mistakes made.

No one likes losing money. Even the richest of the rich hate losing money.
So fear will always be a part of this game. Key is to find a way to switch it off and believe in yourself!

The Forex market is like any other business, most business aren’t profitable in the first years so don’t expect a miracle starting at the Forex market. However, with the right skills and mindset you can be successful in a few months.
Don’t rush success. It’s like surfing. Learn to ride the waves and fear will be in your past.
Once you know how to ride the waves of the market or the sea you have little to no fear to take them on!

 

-Revenge / Forex mistakes:
An emotion that is as old as Santa and the pope combined. After a losing trade it’s pretty normal to feel revenge. You want to make up for your losses. People that have been to casino’s before probably know this feeling really well. It’s also just the way our fantastic brain works. To protect yourself keep in mind there is no such thing as a guaranteed winning trade. So don’t take it personal when it is not your fault at all. For example: You’ve just made a trade GBP/USD. You’ve bought a lot USD. An hour later something like 9/11 happens again…. Obviously the position of the USD is going down. Was their anything you could do about this? No! Unless you work fort he CIA or something like this. Than again if you have a job like that you probably shouldn’t focus on trading. Point is. Sometimes there is just noting you can do about it. Why would you be hard on yourself and try to make up for it. That’s the point were emotions are getting involved and you start losing more.
Forex mistakes
Revenge can lead to more negative outcomes. So don’t punch your screen or throw away your mouse or phone (Yes I’ve been there during my poker career).
It doesn’t help you at all. In fact it puts you down even more. Now you’ve lost money on a trade and a broken phone that will cost $200 to repair. So who are you kidding?

=Greed / Forex mistakes:
Greed is arguably the most dangerous of all emotions. When you experience an upswing or streak of winning trades it can give you that wonderful feeling that you are the king of the world. The feeling of: I told you so! Maybe you think, oh well, this is just so easy let’s take some more risk. I’ve proven to right all the time in the past. Why would I be wrong this time…? The human brain simly want more and more of that success. This is were you need to stay humble, take your winnings, give yourself o pad on the shoulder and move on to you next winning trade.

There is the possibility to add more money to a successful trade. This means higher the initial risk as well. If you do this just out of greed your making a wrong move. If you hae a good reason for doing so than you’ve made the right decision.

When your account balance goes up doesn’t mean the size of you trade needs to go up as well. When you know your goal and when you’ve reached it you probably won’t be tempted to risk your whole account blindfolded.

The avalanche effect of greed will occur when you hear success stories of other traders that make you want to have the same success as well. Always remember that, even good trader, will only make 80% winning trades. Meaning he losses 20%. These 20 out of 100 losing trades can very well may be all in a row. Does that mean you’re a bad trader? Not if you stayed with your plan and strategy.

Forex mistakes

-Risk Management:
When you don’t have your risk under control at every trade, you simply open the door for the friendly but emotionals neighbours to come in and dominate in your house. We promise it’s hard when you start trading at the Forex market. Because it is an emotional market. It’s hard to stop trading emotionally once you’ve started or even admit you’re trading emotionally. The game is about how much you lose or better said how you minimize your losses. Not about your winnings. We all have that gambling friend that always talks about his big winnings. He never tells you about the day he lost $1000 on one hand of Black Jack does he? A good example that shows you how important it is to minimize your losses. You don’t want to lose that $1000 you’ve won with 100 hands on one hand do you?
So set your losing limit before you trade. This has to be an amount that your completely OK with losing. If you lose it’s just another day at the office.

-Organized trading / Forex mistakes:
Clarity and a good organization are the two aspects that your success will depend on. What do we mean with organized? Stick to your plan and read your trading journals. Remember it is not a casino where you just gamble on black or red. Forex is about knowledge and having a plan and stick to it.

Forex mistakes

 

-The pitfalls / Forex mistakes.
99% of the traders make mistakes. So here are the most common mistakes for you so you hopefully won’t make the same mistakes.

-Losing trades / Forex mistakes:
Losing trades are just another day at the office. It’s just that simple. Don’t let them get to you. Every trader on Wall Street or trading from his home office will face losing trades. A trader with a 80% success ratio will still lose 20 out of 100 trades he makes. Keep your risk tight, safe and disciplined.

-Losing money / Forex mistakes:
Unfortunately 90% of all traders are losing traders. They lose their confidence, start doubting themselves. This encourages them to pay for bad Forex services or even desperately let other “winning” traders trade on their account. Again, there are many people with no winning track record willing to help you for a certain price. Don’t be desperate. Your will land power is all you need!

Most important reason for repetitive losing traders/ Forex mistakes:

-Chart Loonatic:
There are lots of fundamental impacts that could easily distract a trader. Also there are a ridiculous amount of trading systems and trading software, which have lots of indicators and templates etc. As a trader you’ve got to filter these indicators and narrow them down to the ones that matter the most for your own strategy. WARNING: This could be difficult for a beginning trader.
Forex mistakes
It’s not necessary to spend hours and hours behind the screen analyzing the news or charts.
Keep it simple and stick to what you need. Keep it organized.

-Over-Trading:
Most traders lose money simply because they trade too much. We call this over-trading. Over the years we have learned that traders succeed on their demo account but once the real game begins they start losing. Once your real money is on the line your emotions are kicking in. Prove that emotions can kill your account. Over-traders purely trade on emotions.

Everything comes down to your technical skills and not your emotions. So try to create an environment with little to no emotions for yourself. This is done be being organized and having a plan.

-Why Risk Management is so important:
Risk management is vital for success, safety and sustainability in Forex trading. Risk management won’t let you lose more on a trade than your comfortable with. Lots of traders forget about the chance of losing on a trade. Ask yourself this question: “Why would you take more risk than your comfortable with?”

Even if you are one of the best traders or you have this unique talent to see the right spot to step in a trade. Without good risk management you will never be a successfull trader on the long term. Basic knowledge is to always go for more PIPS as your willing to lose.

-Aim for the money not for the PIP:
Remember Forex is a job not a casino. Traders who approach the Forex market as a gambler or as an addict to money won’t make the right decisions. He will start thinking irrational and make Forex mistakes. So don’t think of in dollars but think in PIPS.

Let me break that down for you. When your mind is on the money and you think in dollars your risk management won’t work most of the time. There is always this voice of the devil in your head saying “What if…” Or “Maybe this or that will happen”. Stop thinking like this. Get these dollar signs out your eyes and start think like a real trader. It’s not that easy as use a couple of big lot sizes and flee the scene when your positions are positive. So always calculate your wins and losses in PIPS. Always trade with more or less the same volume. You trading plan has to have PIP goals and PIP risks. How many PIPS do I want to win? Or how many PIPS do I want to risk with this trade?

-No Game Plan:
Most common made forex mistakes is not having a game plan at all. Traders just start out of the blue without a real strategy or plan. If your watching sports, do you think the athletes don’t have a game plan? I bet you a $100 that every team or individual athlete has a game plan. Don’t think like all the other traders “I’m going to make my plan after I’ve done a few trades”. You will end up with an empty account.
Right thing to do is keep track of your trades. Make reports of your trades (a trade journal) so you can look back at what you did and maybe change your tactics a little bit. Organized work like this will help keeping your emotions out of the game as well.
Remember that the game plan you started with doesn’t have to be the winning one, so call a time out, look back and adjust to a winning game plan. Pretty cool right! You can be the coach of your own professional sports team!

Forex mistakes

“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz

Want to know more about trading in forex / forex mistakes or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

Forex scalper / Want to be a Forex scalper? / theforexscalpers.com

Forex scalper / Want to be a Forex scalper? / theforexscalpers.com

Forex scalper / Want to be a Forex scalper?

Forex scalper / Want to be a Forex scalper?

Some scalpers are already satisfied with 1-5 PIPs.
And you actually step out of a certain position very quickly, sometimes even within 5 minutes.
A scalp trade is a trade that you can only keep up to 1 hour to get your pips.
If you want to scalpe, you first have to look for a good broker. Because not every broker is happy with scalpers and also have certain rules where they do not allow scalping.
So first look for a broker that has an attractive spread and where you should not hold a trade for at least a certain amount of time.

Forex scalper

There are many traders who do not like scalps at all.
The scaling of forex can sometimes go very fast and you should therefore always ensure good risk management.
I scalp forex myself for a number of years and i love it! You are active in the forex market and you make a number of trades per day.
You can make good money with it if you know what you are doing and which times are best to take a scalp position.
In addition to scalping, I also do Swingtrades, but I do this next to them because you often keep them for a longer time for a nice profit.

Do you want to scalpe yourself but do not know exactly how?
I will gladly explain everything about scalping.
What are the perfect times and what kind of risk management is exactly sensible if you are a forex scalper.
Feel free to contact me and who knows you will soon be a forex scalper at the top!

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker for scalping? Look at  IC MARKETS.