In a grand total of just six days, I had lost my entire account.
17 Proven Currency Trading Strategies: How to Profit in the Forex Market, + Website | Wiley
Whenever I share my story in my forex seminars, I replicate the scenario and draw an uptrend on the whiteboard. At every single seminar, most people choose to sell, confident that high prices will fall.
- projected forex rates.
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Needless to say, after I blew up my account, I was devastated. Self-defeating thoughts appeared in my mind incessantly. However, it was at this low point of my life that the words of a rich and successful Chinese businessman who was my mentor came to mind. And: Do I want to be in that group? I picked myself up again after I answered yes to both questions. I started to work on myself.
17 Proven Currency Trading Strategies, + Website
That self-talk was the turning point in my forex trading journey. I made up my mind to master forex trading. Picking myself up from the setback, I began to equip myself with the right trading skills. I started devouring books by successful traders. Emulating their beliefs, knowledge, and habits, I worked hard on honing my trading skills every single day. My quest for mastery also led me to seek out two of the biggest names in the forex industry as my mentors: Kathy Lien and Ed Ponsi. I reasoned that a mentor could help me to drastically cut short my learning curve.
And cut short my learning curve they did. Knowing what I know now, I recognize that the cardinal rule that I broke in my first live trading experience was to trade against the trend. Within three years and several buckets of blood, sweat and tears later, I became an expert in trading the forex market.
17 Proven Currency Trading Strategies: How to Profit in the Forex Market, + Website
They expect you to know, or you have no business being on the biggest stage in international finance. So I had to study. In fact, to be in that three-minute hot seat, I had to study for three hours. Thankfully, I did well. In fact, I did so well that I was called back, again and again. CNBC has three major shows that cover the financial markets. Eventually I was invited to appear on all three major shows. In fact, I was then asked to be a guest host on Worldwide Exchange. As guest host, I sat with the news anchor and instead of being there for three minutes, I would be there for a full hour.
My job was to have a conversation with some of the most brilliant financial minds on the planet who would come in and take their place on the hot seat. As I warmed up to the new role as a guest host, I had an important revelation. The job was getting easier.
Do you know why? Kaizen is the Japanese word for improvement. When we embrace kaizen in any endeavor, mastery is bound to be the result. My kaizen approach to forex trading has enabled me to be a consistently profitable trader.
about this book
Today, I am living the dream of traveling and spreading the message of profitable forex trading everywhere I go. Forex trading has given me this new life, and I know that it can do the same for you.
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- que es mejor forex o opciones binarias?
- easy way to make money forex.
With that famous tagline, thousands of books have sprung up giving people insights into this amazing market. He also writes a weekly Forex column for a Singaporean national newspaper, My Paper. Request permission to reuse content from this site. Undetected location. NO YES. Selected type: Hardcover. Added to Your Shopping Cart. Start your free trial. Book description A comprehensive guide to Forex trading for individual investors Countless money-making opportunities abound in the Foreign Exchange Forex market every day, but how does an amateur investor take advantage of these opportunities to earn high returns?
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