Make money trading and not work. The 7 Brutal Truths: Why You Should Not Be a Trader (The Reality of Professional Trading)


The myth of day trading the forex and futures market

The myth of day trading the forex and futures market In this article we debunk the myth of day trading and guide you towards a consistently profitable approach of trading and investing. The myth of day trading the forex and make money trading and not work market Day trading forex and futures is a widespread phenomenon. The general idea about day trading is that it is hazardous but can make you rich in a short while. Day trading forex and futures happens to be one of the reasons many people develop an interest in trading, and they assume they can make some quick cash easily and then start living the dream.

However, once they start, they realize it is not as it seems because day trading is very labor-intensive and tedious. It is also almost impossible to create a flow of consistent income out of this particular trading habit. At our online trading academy, the focus is to train our students on how to safeguard and invest their capital rightly and to wait patiently for low risk, high reward and high probability trades based on Supply and Demand, which breeds consistency for our students.

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Day trading produces the habit of quantity over quality of trades. By the end of this article, we are enthusiastic you would understand why day trading forex and futures is the pathway to disaster or disappointments for the majority of traders.

Why do you want to make money trading and not work one "9 to 5" job with another? Many people have come to have the wrong idea about trading and investing due to the pictures that are painted in Hollywood movies. Day traders are often portrayed as young rich guys who have dangerous behaviors but are living the dream life with big houses, model chicks, and numerous Ferraris.

Can You Make Money Trading Forex?

Many people come into trading with this misconception. Day traders have to work for about 9 to 12 hours a day to properly execute their day trading plan.

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Day trading is a game of numbers, low reward and not high-probability trades, which means they generally have to endure many losses. We can easily compare day trading to a regular day job at the office, and this negates the reason why many people venture into trading in the first place which is to have a flexible work schedule.

In our opinion, the significant difference between an office worker and a day trader is the office workers earn salaries without risking their resources. Do you want to know how to achieve a great lifestyle as a trader? Much transformation happens when you decide to stop day trading and take a better approach of using Supply and Demand and start trading bitcoin january and monthly income.

You realize you have much free time on your hands, which you can fill with self-development plus productive behaviors that help improve your trading mindset as well.

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Prominent hedge fund managers like Warren Buffett, James Simons or Ray Dalio make money trading and not work trade by checking their computer every minute. It doesn't make sense to them, and you should have the same winning mindset — it shouldn't make sense to you either.

Trading weekly and monthly income based on Supply and Demand means you can afford to trade for only 30mins a day from wherever you are and continue with the rest of your make money trading and not work.

What Does It Mean to Be Successful?

When it comes to having an extravagant lifestyle, trading weekly and monthly income based on Supply and Demand beats day trading by a large margin that it almost seems unfair to day trading to even make a comparison. One rule applies to all trading and investing strategies: Quality over Quantity. A lot of new forex and futures traders are attracted into day trading because they are made to believe that day trading offers a lot more money than weekly and monthly income trading.

We are afraid that it is not right and misleading and very much untrue. The point of this article is to save you from the horrors of day trading. Here is why you make more money trading weekly and monthly income based on Supply and Demand Have you realized that we never actually meet the kind of traders portrayed in the movies? Day trading forex and futures cannot bring you that type of success, and if it does, it is usually the kind of success that ends up crashing soon because it cannot be maintained.

Day trading has what are fiat funds or no risk to reward management. You end up gunning for small wins, and this is just like scrapping the leftovers in the market. You don't get to keep work with bitcoins till they become big because typically you are moving too fast.

If you decide to concentrate on weekly and monthly income based on Supply and Demand, you will discover you don't have to trade as much as day traders do. You would be confidently waiting for low risk, high reward and high make money trading and not work trades which will increase your average risk-to-reward ratio to and even higher. This also means you do not have to win as much as make money trading and not work do. You'll be doing way less to get more at the end of the day, more profit and more free time plus a very flexible schedule.

Don't please help to make money your full-time job to become a make money trading and not work and futures day trader Several folks seem to have a mentality that they can stop their office job and start day trading, and somehow they make billions in a little while.

This is unrealistic, and it is a very disturbing mentality.

  1. Can You Make Money Trading Forex?
  2. 3 Things I Wish I Knew When I Started Trading Forex
  3. He has provided education to individual traders and investors for over 20 years.
  4. The myth of day trading the forex and futures market
  5. Because access to the market is easy—with round-the-clock sessions, significant leverageand relatively low costs—many forex traders quickly enter the market, but then quickly exit after experiencing losses and setbacks.
  6. Before we get into the nine attributes, I want to clarify how we will define success in this article.
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Things do not work like that in reality. How to manage your full-time job and still be successful in trading and investing Trading weekly and monthly income based on Supply and Demand allows you to maintain your day job and still trade as well. It generally will enable you to trade around your work schedule.

At our online trading academy, we believe maintaining a day job while trading allows you to manage temptations and avoid being in front of charts all day long. Not only is it hard to profit from day trading the forex and futures market, but also it is extremely addictive when you have to stare at the chart every minute of the day.

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There are various reasons to believe that having a day job can make you a better trader. A day job is naturally a distraction from trading, but many traders need this distraction because the charts can easily become addictive.

When you have mastered the art of trading very well, all you need do is to check your chart once a day for a few minutes probably at the start or the end of the day. Overanalyzing charts would negatively affect your long-term trading behavior and success. It would be best if you utilized your day job to keep your income flow steady, as this will enable you to have a clear mind to trade because you would not be desperate for money.

If you ever need to quit your job to trade fully, this should only happen after you've been trading and you've been making and getting a steady flow of resources for at least a year or more.

Day trading make money trading and not work you more opportunities…to fail! One of the widespread misconceptions about day trading the forex and futures market is that it provides more chances to trade than all other forms of trading.

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We are afraid that is not right because our online trading academy would define opportunities as something that would bring positive effects for you, and this is not the case with day trading. The several opportunities that day trading provides are just naturally more openings to lose money at the speed of light.

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Low risk, high reward and high probability trading opportunities in the forex and futures market Supply and Demand traders that trade and invest based on weekly and monthly income have more low risk, high reward and high probability trading opportunities that yield great results when compared with day traders. Trading weekly and monthly income results in higher probability trades when compared with day trading. This is not only more profitable but also suitable for your mental and physical health.

Day trading is exhausting and can be detrimental to your health. With weekly and monthly income Supply and Demand trading, you can just check your charts and execute your daily plan and walk away after 20 to 30 minutes.

This is what we call "set and forget" and get a life approach. It is very productive and way less time-consuming and strenuous.

He is the most followed trader in Singapore with more thantraders reading his blog every month You want financial freedom. You want to be your own boss.

This is the lifestyle goal that you want to achieve! Trading higher timeframes first and then move lower It would help if you thought about trading like a construction project. You would first need to lay a rock-solid and robust foundation before you proceed to erect a building, and later on, you move to the more-finer and more detailed aspects.

It is after this that you start talking about decorating and furnishing the house. At our online trading academy, we teach our students with the top down Supply and Demand approach.

This is so that you understand what higher timeframes are doing before you start attempting the lower timeframes. We are usually enraged when we realize several trading websites that talk about day trading are trying to attract newbies.

Day trading is something that should only be attempted by professional traders if it is even done at all.

Can You Make Money Trading Forex?

Why do brokers encourage you to day trade? Brokers encourage day trading the forex and futures market because the more you trade, the more money they get. More trade equals more commission for the brokers; this is why many brokers and make money trading and not work the forex industry at large try to get various traders hooked on day trading. It is essential that we clarify that not all brokers are this way. Some keep tight spreadsheets and don't emphasize day trading.

The more you trade, the more money you give to your brokers in terms of commission or spread and this leaves you with less money when you have high probability trades. What our online trading academy calls "market noise" There are a lot of false signals, and having to sieve through all this can be quite stressful.

With the invention make money trading and not work high frequency and quantitative trading algorithms, day trading just got a make money trading and not work lot harder, and making a profit can seem almost impossible. This new type of trading has forever changed the face of intraday trading and has made day trading more erratic and less predictable.

How to Read a Forex Quote

The question is this, why stress yourself with day trading when you can relax and look at higher timeframe trades. At our online trading academy, we advise our students to go for higher timeframe charts, and we teach them trading weekly and monthly income to become consistently profitable traders. Don't be gambler! Become a consistently profitable trader! Day trading teaches "the more, the merrier" approach which sadly is just gambling. Our online trading academy encourages a calculated strategy of weekly and monthly income based on Supply and Demand.

A day trader is competing against computers that have been programmed by geniuses, and that is almost impossible to beat. Why frustrate yourself with that approach when there is a safer and easier way to get better results. We teach Supply and Demand based on higher timeframes because they help sieve the market noise caused by supercomputers.

Higher timeframe trades help you work smarter as against working harder in day trading. The correct way to learn how to trade and to become a consistently profitable trader If you've ever wondered why we do not encourage day trading, the reasons are well stated above.

The point of this article is to explain to you, why you should not day trade and lose money make money for a cell phone. Trading weekly and monthly income based on Supply and Demand gives you much better opportunities at making money and developing your trading skills for long-term trading success.

From the years we have spent training traders and trading as well, we can categorically tell you that the day trading route is a path to disaster.

If you are interested in hardest way to make money how to trade correctly and make money on the long-term, this and much more is what we teach at our online trading academy. The Supply and Demand strategy we teach has been used by plenty of our students for years, and we have also used this same Supply make money trading and not work Demand strategy for years.

We hope to train you to develop the right trading habits and the right mindset for long-term success to give you the lifestyle you have always dreamed of. Happy trading!

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Author Bio: Bernd Skorupinski teaches the undiluted truth about trading and investing at Online Trading Campus and takes you through what it takes to be a consistently successful trader. He believes in building core values and discipline that ensures his students do not succumb to the pressures and temptations of the market.