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Aaron here. and today in this exclusive report, I will be sharing with You
the Top 8 Trading Rules That I Have Self-Formulated & Constantly
Optimized - Through my past ( 5 Years+ ) Of Trading In The Forex Market.
I am very sure it is already NOT new for me to tell You this fact that Statistic has already proven( time and time again ) that ONLY 3 5 % of
traders Survive this brutal trading game for long term.
That explains why the TOP 3 5 % winning traders are truly achieving the
Financial Freedom and commanding an insane 5 figures.6
figuresor even 7 figures income each and every month Simply
by trading the forex market.
And the Insane Amount of Profits that they are gettingwhere did it
come from ?
YES..it is from the MAJORITY of the traders that struggle and eventually
FAILED. ( After losing 5k, 10k.50k.100k or more ! )
Do YOU even have any idea on that ..when You choose to start venturing
into this game ?
After You start Your engine, You would have to CLUTCH IN, CHANGE To
1st GEAR, Release Hand-Brake
Without fulfilling any of the elements, You would have difficulty moving
offand even if You DID Forcefully move off
In order to trade the forex market and get some profits ( pips ) out of it
Only when these parameters are properly planned and executed, then You
would secure high winning probability and end up with profits end of the
day
Why ?
When that happens - It is NOT giving You an advantage at all but would
only DRAIN Your trading account deeperand deeper as You trade more..
Simply because You are most likely to end up losingand losing..and keep
losing Without You knowing WHY too ! ( which would lead to a very
serious problem in the days to come )
You see.
.Likewise whenever You choose Your Stop-Loss & Take-Profit Points too
There MUST be a WHY as well
YES.I was once an Ignorant trader as well whom like to jump into the
market purely relying on wild guesses and gut feelings..
And when that happens..I would see my account being DRAINED with a
really huge Deficit normally because a Stop Loss point is always being
ignored as well !!!
WellI am HOPING that the trade would ( one fine day ) eventually
turn back to my break-even point so I can exit with minimum damage then.
But that kind of HOPE would only lead to one disaster most of the time..&
You and Me know that outcome very well too right !
The Drawn-Downs or Deficit would simply get bigger and bigger instead of
turning back ( like I Hope ).until it hit a MARGIN CALL !
That was also the time when I LOST 2 of my trading accounts with a few
thousands dollars $$$ of trading capital in it.and in a really short period
of time.
So everything and every single trading decision I made back then would
NOT get me a More Predictable Outcome OR Consistency at all
The only verdict for me back then is Losing & Losing ..thats it.
Fortunately......I did NOT stuck that ignorant way for too long though.
I started to study into some trading rules that other successful traders set
out for themselves.. learning through some of the popular forex forums
online
For all the Successful trades that I executed.I would develop a certain
RULES which can help me achieve the same success in future again.
Hence, over the past 5 years as a full time trader, I have formulated the Top
8 Trading Rules which I would NEVER DEVIATE from as long as
forex trading is concerned.
These are the results from countless Trial & Error from my own tradings as
well as studying into the way other successful traders execute their trades..
These trading rules would not guarantee that You would be 100% winning
all the time
------------------------------------------------------------------------------------------
Winning Rule #1 :
Trade Only The STRONGEST Trend !
HOWEVER..
I would choose the latter anytime because the Winning Probability is much
( MUCH ) higher. * smile *
I Am the kind of trader ..whom like to trade a set-up or scenario where the
odds of winning are extremely high definitely.
Then when You combined the WEAK ( EUR ) .and STRONG ( GBP )
together.
Try this technique too and I am very sure You would not scan for TREND
like before then.
That would be the Winning Rule #1.. That I Never Deviate from for
all my trades..
Winning Rule #2 :
.Dont Trade Just Any Set- Ups, Trade ONLY
The Obvious & Nicely Formed Ones In The Market !
Too many traders struggled and eventually failed in their forex trading
because they are making too many unnecessary mistakes that they can
actually Avoid in the first place.
Most of these traders often like to spend a lot of time perhaps even every
single minute looking at the charts trying to find set-ups that they can
profit from.
It is when they analyze the charts and then Presume that the set-up
popping right in front of them is actually that profitable set-up they thought
it is. Thats where all the unnecessary problems set in
Occasionally in their heart, they knew they are actually Presuming that
set-up but because they would rather TRY THEIR LUCK at it.and
hopefully see profits after that which make them decide to jump in no
matter what.
The end result would most likely be a nasty & disappointing one indeed
Because in the first place, that is NOT the Proper Set-Up that he/she
thinks it is
When they lose the first time roundeither getting Stop-Loss hit or they
manually Cut-Loss ( because they are Wrong )- That would slightly drain
their account.
Well.simple actually Just trade the Obvious & Nicely Formed set-up.
What could be one Obvious and Nicely Formed set-up which could
increase Your winning probability then ?
Heres one :
I can maintain my winning accuracy relatively high each and every month
consistently simply because I choose to trade the Simple, Obvious &
Proven set-ups without much guessing work on my part.
In fact, all my trading strategies are just based on the more **Powerful Price
Actions - Which combined just Simple Resistance/ Support levels, Proven
Patterns Formation or Just Breakout With Long Candles..& such.
They are very reliable and very easy to spot once You are familiar with
them.( If not nowover time You would )
Winning and profiting from the forex market is indeed very simple if You
choose to make the entire trading process Simple for Yourself.* smile *
Winning Rule #3 :
Achieve Minimum Risk & Maximum Rewards By Taking
Advantage of The Price Pullback / Retracement !
Just like what George Soros.. ( Whom made his mark as an enormously
successful trader ..wise enough to largely withdrawn while still way ahead
of the trading game ) .said so :
It is NOT how much You made When You WinBUT rather How
Much You Would LOSE When Youre WRONG that matters !
In any trading game, as long as You WIN more than You lose by the end of
the month..then Youre a winner.
Simple logic.
That is why it is very important that the position I choose to trade MUST
give me Maximum Rewards .and MINIMUM Risks.
Maximum Rewards in this case is of course the Take Profits I can aim
for
Minimum Risk .on the other hand - Is the Stop-Loss point ( or any losses )
I would have to bear when I am WRONG.
( And of course, we would want the RISK to be as small as possible for any
position we wish to trade. )
This is due to the fact that with a Price Retracement - The Risk is often
the most minimal.
You still need to know another Important Essential Rule when You take
advantage of such Price Retracements in the market.
If You have been following my forex tips and strategies newsletter so far.
Then it is already NOT new for You to know that I place A LOT of Emphasis
on the Reward/ Risk ratio for every trade I am taking.
I do not have a fix rule for deciding Reward/Risk ratio but I would go for at
least a 1.5x Reward / 1x Risk.
But of course, if Youre relative NEW to forex trading and not competent
enough to trade with a reward/risk ratio of 1.5x or more
Then it is definitely wiser to lower the ratio to 1.3, 1.2 or even 1x for your
trades. No point aiming for the unrealistic and doing things that would
make You feel anxiety right .
As You gets better with trading the Price Pullback / Retracement , then
increase the reward/risk ratio progressively. That should be the way to
learn and gets better at trading. * smile *
Alright. So much for my Winning Rule #3 by taking advantage of Price PullBack / Retracement in the market..
If there is one Must Know Winning Rule You should master by crook or
by hook.then this Winning Rule #3 would be the One. * smile * indeed.
Why so ?
Well.like I mentioned earlier on ..as long as You WIN More Than You
Lose by the end of the month.then Youre A WINNER !
Winning Rule #4 :
..ONLY Enter The Trade When The PRICE ACTIONS
In The Market Confirm Your Bias !
I am purely a Price Action Strategies Forex Trader.( perhaps You are well
aware about this fact if You have been following my tips all these while )
I choose to trade solely with Price Action Strategies because they are ( no
doubt ) More Powerful , Accurate and Much More Reliable than any others.
For any traders out there whom like to based their trading decisions on the
so called textbook technical indicators .BUT if they are not using Price
Action in the market to get better entry for their trades
Then it is highly unlikely that he/she would be achieving the kind of success
they truly want out of their forex trades.
I can make it as a full time trader and make a nice ( 5 figures income ) out of
my forex trades each and every month .that is not due to Sheer LUCK or
Gambling the market.
As a Price Action trader, I can simply trade with just a CLEAN chart or
perhaps just a few lines indicating the major resistance/ support level or
channels.
I dont need any fanciful ( BUT Always LAGGING ) technical indicators for
my trading decision making at all !
With Price Action, I am getting the Most Reliable & Closest Hint from the
market for my trading opinion.
Since it is the most accurate form of RAW data extracted directly from the
market.it is logical that the trading decision I made with these data would
be highly accurate too. * smile *
So with this Winning Rule #4it simply means whenever I try to BUY /
SELL a position, I will allow the Price Action in the market to confirm my
bias first.before committing.
The market MUST show the hint first .....only upon spotted such HINTS
that it could allow me to achieve a high winning accuracy for my bias.
Let me explain an example for You below for this Winning Rule #4 :
Simpleheres how :
I would spot for a series of Strong Resistance Points Where the price
tested it 2 or even 3 times and FAILED to break through to the Up-Side.
This is a good 1st hint that the BUYERS are not keen on buying higher
anymore at that price level.
But just like I explained in Winning Rule #3 earlier about taking advantage
of the Price Pullback/ Retracement to achieve a Good Reward/Risk
Ratio.
Of course the next thing I would have to wait for a Price Pullback to occur (
preferably at the significant 50% or 61.8% Fibonacci Level )..this is a very
natural step I would wait for.
And thats it.just 2 simple hints from the Price Actions of the market
to confirm my bias.
Alright. That is my Winning Rule #4 Allow the Price Action in the market
to confirm Your bias first before entering into a trade.
Next , let me talk about the Winning Rule #5.
There is one saying that goes like this : DO NOT add on further to any
LOSING Positions. Cut Loss Early Would be A Wiser Choice.
And I also agree that the above old saying is a wise one. Cut loss earlier to
minimize further draining of Your capital is essential.
Like this => Add MORE Positions into a WINNING Trade ( especially
which has a high probability of TRENDING Strongly ) to Maximize Your
Rewards.
Heres how to do it :
Lets say the price has actually BREAK-OUT from a Range now
If You have been trading for awhile now, You would also agree that a
RANGE BREAKOUT is very prone very high probability for the price to
trend for a significant distance.
If You see the SELL HERE point from my illustrations above, then You
would be in PROFIT by the time the price arrived at the next Price Pullback.
I DO NOT like to aim for the unrealistic as that would normally BACK-FIRE
most of the time.
Do note that NOT all the patterns are good for adding more positions
.You have to know right from the start whether do You want to use this
ADD MORE POSITIONS technique Because You would be using much
smaller lots size to allow for SMALLER RISK .
So if You intend or prepare to add at least 2 -3 times ..then You would only
RISK 1% at the entry point this time.
Because Youre accumulating profits right from the start, You are in fact
collecting MORE profits by doing this adding-on .
Agree ? * smile *
Only if You are confident with such Add-Ons.then consider trying out
small MICRO lots on a LIVE account .
But trust me.once Youre also confident with this Winning Rule #5..
The rewards would be increase many folds - Spending very little time
each time*smile *
Moreover, it has been **Statistically Proven that at least for the first 6 - 12
months....most traders would keep on Losing !
Well. for those that choose to risk more money....of course they would lose
more ( suffer more ) during that period..
Even after 2 -3 months of " consistent winnings " from a DEMO account, it DOES
NOT mean he/she is ready to trade in the LIVE forex market though.
This is because when REAL money is concerned, it has a direct & significant
IMPACT on our emotion. ( We are still Humansafter all ! )
When You know You would lose A Lot Of Money ( maybe $10k ).....The MORE
these emotions would affect You.
On the other hand, if You know that even if You lose....it is at most $500 and You
can afford to lose that amount..
That is why whenever some fellow readers told me that .. they are ready to go
LIVE for their forex trades.
In this way, IF they are competent enough to build up this account size to maybe
$1k ...then subsequently to $3k...or more..
And this is exactly how we nurtured into a more " Mature & Confident "
trader as we trade more and more...
We are human beings after all....and no human beings would like to LOSE in
anyway. ( be it their money or in any competitions )
That is why when You trade with money that You CANNOT AFFORD to LOSE...
You would be very " Emotionally Attached " to all Your trades...
And that is when You start to make " Illogical " decision which sabotage Your
trades Big time.
Maybe You're in a profits now.....but because You're trading with money You "
CANNOT Afford to lose " and it is a BIG amount...
You are feeling FEARFUL/ ANXIOUS..... that if You keep holding onto this
winning position, maybe You would lose them all by tomorrow ( if the market
reversed. )
And so, instead of riding for 100 pips which You intended to initially....
.....You choose to EXIT EARLIER and with a measly Profits of just 35 Pips.
When this happens, You are NOT achieving a good Risk/Reward ratio for
Your future trade because there is NO consistency anymore.
Because initially You're aiming for 100 Pips Take-Profits and intend to use 60
Pips Stop-Loss...
So the next time You lose...You would be losing 60 Pips or more.....not getting a
good risk/reward ratio anymore.
That is already a proven " deadly " mistake committed by most traders.
That also explains why traders would resort to the extreme and totally
REMOVING their Stop-Loss for that losing trade...
And in the process making the losses from a 60 Pips to a 250 Pips now and going
against them further and further each day.
When this nasty scenario happens.most of the time, these struggling traders
would even choose NOT to CUT - LOSS though......
Instead....they are " HOPING " that the market would turn back again so that
they can exit with minimum or no loss at all.
Simply put it.. HOPING for the best outcome is definitely NOT the correct
way to ace any trading game !
Very common & " brutally deadly " mistake most traders face and this is also the
main reason for their account to encounter the undesirable MARGIN CALL !
So please, only trade with money that You can afford to lose.
Your confidence and emotion would benefit tremendously from it. * smile *
Thats because they erroneously assume that to make a lot of money in the
market you must be super smart or spend few thousand dollars on some
complex trading strategies or even the so called HOLY-Grail systems.
The fact of the matter is that simple forex strategies are usually what
professional ( & winning ) traders use, and the reason for this is because
success in the markets is mainly a combination of Self-discipline and
sticking to a few proven strategies ( the simpler the better ! )
Yes , while still in my newbie days, I was also engulf in such a confused state
..frantically searching high and low for the magic formula or Holy-Grail
system Thats was when I learn about this truth.
I was definitely one of them but what sets me apart from others. is that I
am willing to forgo the idea of seeking for a magic formula or Holy-grail
system but just trade with Simple & the more Powerful Price Actions
in the market
For Example :
Learning to trade off a simple Price Action in the market based on Japanese
candlestick patterns or perhaps by simple pullbacks to support and
resistance levels are both strategies that can get You a lot of trading success
( and lots of Profits ).
Once you learn a few basic trading strategies ( either based on Price Actions
or Price Patterns Formation ), it is then time to really get down to business
and work on your trading mindset if you really want to profit massively in
the forex market.
So, with this Winning Rule #7, You simply need to accept that you DO NOT
need to learn about a thousand different indicators or spend a thousand
dollars on some fancy sounding Magic Formula / Holy-Grail or Forex
Robots at all !!
If You have the time and money to spend on all these Overly-Hyped forex
products..then I would strongly advise You why not use the time and
energy to master trading with the plain old Support/ Resistance & Fibonacci
Ratios instead .
Then why not try trading with a strategy which is much simpler instead ?
At least when there is a Set-Up.You would not get too much
CONFLICTING signals at the same time.!
After You entered into a trade and seeing that same trade in Profits after
a while.how do You feel ?
I would say most likely feeling happy isnt it ? - Because Youre earning
money from Your trading and making Your trading account fatter.
How would You feel if You see the Pips ( Profits ) You had earlier slowly
becoming 3 pips.2 pips..1 pips.and down to NEGATIVE 30 Pips now ?
Ever experience that before ? If so..can You recall How You feel then ( or
just now ) ?
For myself, I really dont like that feeling of seeing a winning trade turning
into a LOSING one
The feeling is really Shitty upon seeing the Profits I had earlier being
given back to the market
Perhaps I am seeing a nice $500- $1,000 profits from the trade earlier
on.BUT NOW..it is showing a NEGATIVE $500
But it is part of trading the forex market ( or any market actually )..
Simple
Lets say Youre trading the AUDUSD and already 35 pips in Profits now
Or if You need more room to allow the trade to progress, just shift the StopLoss to the Break-Even point ?
Agree ?
And if the trade progress 50% of the Take-Profits target ( 45 pips for this
case ).I will shift my Stop Loss to the Break-Even point.
I would normally prefer to allow more room for the trade to Breathe and
let it arrive at my Take- Profit target.
And I only aim for very conservative Take-Profit targets.so the winning
rate is not hard to achieve.
Hence, I would prefer to allow more room for the trade to progress instead
of getting stop-out much too early because I choose to lock in 10 more pips
or so..which in the process make Lesser Room for the trade to breathe.
But of course before You are truly confident about Your analysis, it is
definitely good to lock in some pips once Your trade is in profits.
Although You will be making little each time..but at least You are NOT
LOSING with that. * smile *
Over time as You get more confident, You can learn what is a better strategy
to Protect & Lock-In Your previous profits too.
And that is the main objective of this Winning Rule #8 I follow closely on Never Let a Wining Trade Turn Into A LOSING ONE Protect &
Secure Your Earlier Pips !
Up till this point, I have already shared the 8 Winning Trading Rules
that I would NEVER Deviate from as far as my trading is concerned.
By sharing with You these Important & Proven Trading Rules that I
formulated & tweaked over my past 5 years of trading.I hope You can
succeed with Your forex trading too.
Because previously for myself, I also cannot master them all at one go
toohence I choose to master One at a time
Once master, it would become so Natural in you by then Such that You
would not even need to think or recall intensively while executing these
rules.
Just like driving while learning.we might have to recall all the
procedures executed in a proper sequences..checking the blind spots and
co-ordinating the parking angle and such..
But once we passed the driving test and have been driving for awhile
..everything would become so natural that it would not take more than 1
SEC to execute the actions & checks needed..right !
BUT one thing for sure - When You can confidently execute these 8 Trading
Rules naturally .Your trading confident & Skills would Improved
Tremendously too.
Which also means - Taking Your Trading Success to a whole new level as
well then !
( just like how they SUPERCHARGED my trading success 5 years back and
still improving progressively as I trade more and more while being guided
by these 8 IMPORTANT Trading Rules till now ! )
OR.
You are also one serious person whom like to trade FX full time in future
too.( just like me )
Eventually hitting ( & exceeding ) the $10,000 mark per month.and still
growing till now.
Hence, the best form of Passive Income is still in the Properties market I
think..
And by leveraging on the Forex Market to grab those Pips ( Profits which
can be turned into hard cold CASH )..I can have the cash flow to Flip a
few properties at one go Without having to get a loan from bank.
This is really one BIG plus point I must share about being able to ace the
forex market consistently.
So for those that are on the verge of giving up this forex trading game
..give it a 2nd thought ya
Press on..fight on..and the Success You truly want would definitely
come to You one day too !
The End..