Trading is NOT a get rich quick scheme. Its one of the most difficult endeavors.
1. Educate yourself in trading
2. Pick a strategy/indicator/system and master it. DO NOT jump from system to system
3. Know the ins and outs of that sed system, its limitations, strengths & weaknesses
4. There is no such thing as a holy grail. All strategies/indicators/systems experience a draw down (series of losing trades) the key is to go back to your back-test results and see how many losses in a row did you have and the system still gave you a positive expectancy over hundreds of trades
5. Trade one setup..one timeframe..pick one..master one..trade one !!
DEMO & back-test before you Rent..RENT & forward-test before you Buy..BUY & live trade after you are confident !!
PROCESS OVER OUTCOME..PROCESS OVER OUTCOME..PROCESS OVER OUTCOME!!
Daily Trading Mantra: You WIN trades..You LOSE trades..You MISS trades..Sometimes there are NO TRADES & you sit on your hands..This is TRADING!!
What is important is your approach. It MUST be the same way every time. CONSISTENT ANALYSIS = CONSISTENT RESULTS
Have a portfolio of the assets you have back-tested and you have proven for yourself that they have a positive expectancy.
(Download Demo for FREE & back-test one setup at a time on the sed portfolio)
I encourage you to back-test because it builds confidence in any system, forward-test to ensure you can replicate same back-test results, only then can you be confident to trade the system day in day out
IDENTIFY The Trade Setup
PREDICT The Next Market Move
DECIDE If Entry Criteria Is Met
EXECUTE The Trade With Stop Loss & Target Profits Set
Forex, CFD Cash/Futures,Metals,Options on ALL assets
Trade with a Complete Tool Kit!!
Trading made simple. Wide variety of trade setups.
Six timeframes. Nine Setups
Pick one..Master one..Trade one!!
Primus Trading Engine - Provides The Setup
Primus Smart Money - Confirms The Setup