Online trading is an activity that often seems unbelievable to people like you and me, especially when they don’t know much about it, since they see it as a way to make money online in the market. Financial services from a computer and a simple internet connection. However, being profitable in forex trading is not given to everyone, it is often said that there will be 90% losing traders and therefore 10% winning traders, here I will explain to you what is the key to join as a profitable trader? Successful Businessmen’s Club
Have the right mindset
It is important to have and develop a profitable trading mindset. This requires, for example, being realistic in its trading and its objectives, controlling its risk through trading (not gambling), understanding each of its trades rationally, being patient, privileging quality. Trade volume (I only trade in the morning and 1 trade per day is enough for me, for example I generated 7000€ in Australia trading only in the morning), be organized (have a trading routine), but trade from A to Z, confident in your trading strategy Be and don’t trade with passion.
Develop a profitable trading strategy
To increase your chances of success in trading, you need to take a position wisely based on some technical criteria, for example. This is what I explain in the PXTR day trading training, where I show my trading method through my videos, which allowed me to make an overall profit of €11,475 or even more than €35,000 in forex trading in October. Profit in 4 month span (withdrawal from my bank account in support). So I advise anyone who is a beginner or doesn’t have a solid trading strategy to study the PXTR strategy to see what works for me as well as trade those who have already followed the training and may be motivated or inspired by it. Same approach to replicate this type of performance at scale with your investment.
Set realistic goals
It is not realistic to want to quit your job within two months of trading after investing €1000. To quit the rat race, you need to make an effort, stay away from such ideas and set realistic goals. We must accept the reality of knowing how much we are willing to invest in Forex, what risk we take on each trade and what the resulting profit can be as a result of this risk.
Personally I’m currently risking $450 per trade and earning an average of €7000 per month (as I explained in the video about my last 4 withdrawals). I risked about 2% to 2.5% of my capital per trade on a capital of $20,000 and I just increased this capital from $1000 as shown in 2017, which then made it possible to achieve 4 or even 5-digit performance every month of the following year.
Let’s give an example of Euros, for example a profit of €7,000 on a capital of €20,000, this gives a return of about 35% on investment in one month. If we divide the risk by 2, we get an average return on investment of 17.5% per month. Assuming we only take 2/3 of the transactions, we drop over 11% per month. We realize that by taking very moderate risks and replicating the trades I do, we can easily get hurt 10% Profitability per month for day tradingThis is an example of realistic performance, in the long run a capital can multiply rapidly if such performance is achieved on a monthly recurring basis.
The day trading strategy that set me free financially
As explained above, it was partly thanks to my trading system, the PXTR Strategy, that I was able to quickly achieve financial and geographic independence. The profits generated for a few years with this trading strategy allowed me to settle in Thailand and travel to many countries such as Australia and recently Bali.
If financial freedom through forex trading interests you, I invite you to get free PXTR training. This training will help you understand my trading strategy that I have developed in recent years and will save you a lot of time (I have a few years of experience testing this).