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Day Trading: Ultimate Proven Guide to Profitable Trading
- Now You Become a Real Trader
- Narrated by: Doug MacKechnie
- Length: 1 hr and 14 mins
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Publisher's Summary
Complete guide: From scratch to finding a proven profitable system, one that truly suits you: Forex trading.
Throughout this series, you will find tools that will let you gain control over your life and more importantly, over your wealth. Concepts ranging from simple definitions, powerful money-management techniques, the right approach and exact trading psychology needed, to explained proven profitable trading systems, all of these will be covered, letting the series convert into a complete guide to finding your own profitable trading system.
All of these insights will be covered with simple and easy-to-understand words, and it will let you set, track, and achieve your own profitable trading strategy/system. Every relevant concept you might need in order to launch yourself into Forex trading and more will be covered throughout this series.
The series is not difficult; far from it. It's practical. It's made for everyone. It's concise. It's based on current profitable trading strategies, the correct psychology used, and the already successful money-management techniques. Whether you are already into trading and want to improve your skills and reinforce important concepts or you are a complete beginner and are willing to join us as another successful trader, this series and it's volumes are without a doubt what you are seeking.
As you get deeper into the series, you will find its unmatched value.
In this volume, we will be covering the following subjects:
Volume 7: Now You Become a Real Trader:
- Managing money - myth vs. reality
- The number-one enemy when trading currencies
- Risk management explained
- What makes a good money-management system
- Planning the trading week
- Things not to do when trading currencies
- The one percent rule explained
- Trading as a game of probabilities
- Hedging explained - full, partial, pros, and cons
- The importance of using a demo account
- Different types of pending orders
- Risk-reward ratios in Forex trading
- Consistent profitability - is it possible?
- The right trading psychology
- Diversification - key to proper management