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Master the Basics Quickly: Study forex market mechanics, popular trading terms, and currency pairs. Use a demo account to practice without risk.
Develop a Trading Plan: Set clear objectives, risk limits, and a routine. Define which strategies fit your personality and schedule.
Focus on a Few Core Strategies: Instead of chasing every system, choose 1-3 proven strategies to practice and perfect (trend trading, breakouts, scalping).
Emphasize Risk Management: Use stop-losses and proper position sizes. Risk only a small portion of your account per trade.
Consistency and Discipline: Follow your rules strictly. Keep a trading journal to track progress and emotions.
Continuous Improvement: Assess your results daily, adapt when necessary, and remain patient—expertise grows with practice.
Trend Trading: Profits from prevailing market direction.
Range Trading: Buys at support, sells at resistance in sideways markets.
Breakout Trading: Enters trades when price moves past significant support/resistance.
Carry Trade: Exploits interest rate differences between currency pairs.
Scalping: Makes many small, short-duration trades for small gains.
Swing Trading: Captures price movement over several days.
Position Trading: Longer-term strategies based on fundamental trends.
Price Action: Relies on chart patterns and candle formations, not indicators.
Algorithmic Trading: Automated strategies based on coded entry/exit rules.
News Trading: Focuses on market volatility caused by economic releases.
Part two introduces more advanced and hybrid approaches:
Multi-Timeframe Strategies: Combine insights across different chart intervals.
Volatility-Based Trading: Use ATR and related tools to trade during high volatility.
Order Flow/Auction Theory: Assess market sentiment and volume for entries.
Technical Indicator Blends: Mix multiple indicators (e.g., MACD + RSI) for robust signals.
Set-and-Forget Methods: Predefine all trade management upfront.
Mean Reversion & Counter-Trend: Profit from price snapbacks after extreme moves.
Pair and Option-Based Trading: Use correlated pairs or options for diversification.
Fundamental Data Trading: Focus on macroeconomic news and momentum.
Channel and Breakout Combinations: Blend channel trading with breakout confirmation
Becoming an expert trader in 30 days is about rapid learning, systematic practice, and strict risk controls—not chasing every new system. The foundational 100+ strategies (and the “part two” set of 35) cover every major approach in modern forex trading. Success comes from selecting a few methods that fit you best, mastering them, and maintaining discipline in both process and mindset.
3 BOOKS
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