Tag: Profit

All profit trading related articles are found here. Educative, informative and written clearly.

  • Successful Forex traders – What are the characteristics of them?

    Successful Forex traders – What are the characteristics of them?

    2 min read

    successful Forex traders

    As we know almost 95% of Forex traders fails. But 5% have success.

    So what is it that puts these traders in the top 5 percent?

    Typical reasons such as experience, discipline, and fortitude?

    We’ve all heard about that. But what is it that really makes them spot?

    In this article, I’m going to analyze lesser-known characteristics that successful Forex traders have in common.

    When I say successful Forex traders I mean consistently profitable.

    Let me be crystal clear.

    So many people talk about whether anyone can consistently profit from trading Forex.

    I know because I made big research for finding proof on the internet. I found articles, testimonials, videos… And what I found is that is the truth.

    Anyone can make consistent profit trading Forex and don’t ever let anyone tell you something different.

    And what did I find?

    What’s the secret to success?

    I have to say, the only secret is that there is no secret.

    But there is a piece of advice that will fully determine whether or not you are profitable. It’s a kind of habit.

    Every single successful Forex trader has it in common, and it’s not something you can negotiate.

    Successful traders never give up!

    I know because I found the stories.

    The ones about how some man tried for 3 years to make this Forex thing work, but with poor result. And he thought he just wasn’t for it. He failed because he didn’t recognize that his breakthrough moment was waiting for him just around the corner.

    That is the problem.

    There are so many traders who were fighting for years and suddenly took a break just before they made progress.

    I know, they were exhausted by a large number of failures. But if they had a couple of trades more, they would have succeeded.

    Never give up! This applies to all important things in life, but it’s never been truer than it is when it comes to becoming a successful Forex trader.

    They don’t “lose”

    Ok, every Forex trader has losses. That’s true.

    But, there is some difference between how the novice trader loses and how the successful Forex trader loses. What makes this difference? 

    In one word –  mindset.

    Most novices in the Forex market view a loss as a bad thing.

    Oh, no! It’s only one step on your way to winning.

    The successful trader doesn’t view it as bad or wrong. It’s not a penalty because the Forex market isn’t able to do such things.

    Forex market doesn’t know where you entered the market or where your stop loss was.

    So, where you find a possibility to be punished? Nowhere, it is completely impossible.

    Yes, I know! Making money is much more enjoyable than losing money.

    If your trade doesn’t go your way doesn’t mean you should take it personally or emotionally. Stop to think like this and prevent this hole to be deeper! The successful Forex trader has the mindset that a loss is simply feedback.
    successful Forex traders
    Losses are useful, they are very good teachers, they can be a powerful way to learn. Even a trade that ends up as a loss can be the right decision. How is that possible? If you’ve defined your edge, and the setup met all of your criteria to enter the market, then you did all you can do. The rest is up to the market. But some days the market just doesn’t play along. It isn’t your fault.

    Instead of giving up, you should ask yourself “would I take this same setup again next week if it presented itself?”

    If your answer is YES you are on the right path. But every time your answer is NO, you need to take a step back, figure out where something went wrong and correct it for the next trade.

    Each loss is an investment in your trading education. This is a constructive way of spending your own money. It is an investment with the best Forex trainer in the world – the market.

    They use price action

    Actually, they are using some form of price action as part of their trading strategy.  Because price action plays a major role in any strategy.

    It can develop and make stronger any trading strategy by providing areas to watch for potential entries as well as profit targets.

    A successful Forex trader has defined edge.

    Why the edge is so important?

    An edge is everything about the way you trade. An edge can help you to put the odds in your favor.

    Edge is a combination of the time frame you trade, your risk to reward ratio, the key levels you’ve identified, the price action strategies you use, etc.

    It is also important for your pre and post-trade routine. How do you handle losses or what do you do when you win? All of this, make up your trading edge.

    You don’t have to master all of these factors that make up your edge at once or to start putting the odds in your favor.

    It is better to master one set of factors and then leisurely expand to others to further clarify your edge.

    What are the characteristics of successful traders? 3

    This should be the favorite way to learn. Become a master of two or three factors. You’ll find much less stressful than trying to become good at twenty factors. When you’ve mastered three or four things, expand the others to put together the odds in your favor.

    Successful Forex trader never tries too hard.

    Because the successful forex traders know, trying hard is a sign that something isn’t right. Trying to force a trading strategy to work will only lead to destructive behavior, such as emotional trading.

    I remember the story of my friend when he first started trading Forex. He was spending countless hours studying setups. He spent hours and days and weeks doing so, ending up taking a completely different trade setup only to watch the original setup move in the intended direction without him.  

    He was trying too hard to make it work. As soon as he stopped over-analyzing trade setups and trying to make them work, his profit curve started to rise.

    Now he is spending 20 minutes per day looking at his charts. 

    They think in terms of money risked.

    You’ve never met a successful Forex trader who didn’t know how much money they were risking on any given trade.

    Surprising, the small number of traders don’t think about how much money is at risk before opening a trade. This is because they’re using an arbitrary percentage to calculate risk, such as one or two percent of their trading account balance.

    The trader’s only interested in how much money is at risk – they could care less about the percentage. They always define their risk in terms of money.

    They may use a percentage as an entrance of how much they’re allowed to risk, but when it comes to fully accept the risk before putting on the trade, they think only about money.

    And successful Forex traders know when to walk away.

    Walking away can be especially difficult after a trade. Our emotions are running wild and often take the best of us. Taking a break after a win will allow your emotions to settle. After the win, you may feel excited and proud of yourself.

    Yeah, you have every right to be. But pride and excitement are inadmissible in the Forex market.

    After a loss, you can go straight to the trap if try to go through the charts again looking for a new setup. Remember, your loss in some trade is just feedback. Take it as a signal to look at what you could have done differently. Successful Forex traders never do that.

    The key to becoming successful isn’t about eliminating emotions after a loss, it’s about channeling them in a way that will make you a better trader.

    And let’s go to the top of this article.

    The only way you can fail at becoming a successful Forex trader\ is if you give up. The next time you lose a trade just remember that not giving up is the #1 key to becoming a successful Forex trader.

    And you know what?

    Becoming a successful Forex trader is a marathon, not a sprint. So, keep it in your mind!

    Risk Disclosure (read carefully!)

  • Good And Bad Investment

    Good And Bad Investment

    2 min read


    When you work hard to earn money and you earned a surplus that you can invest, you want to make sure it isn’t going to disappear on you. Take your time to carefully understand an investment prior to putting your money into it. It is a very important concept. 

    Sometimes it’s better to miss out on a great investment than it is to be involved in a bad one.

    Of course, there are good and bad investments, but the question is how to tell if something is a good or bad investment.

    The act of accumulating and investing wealth is a dangerous proposition.

    The hardest part of the process isn’t picking the right investments, but rather, guarding our hearts from the greed of money.
    We need to always be aware of the desires and possibilities, especially when money is involved.

    While supposedly ”market-beating” brokers and advisors tend to profit in all market conditions. On the other side, we have the performance of the typical investor over the past 20 years. But we can precisely describe them as shockingly poor.

    There is a lot of confusion surrounding investments, but truth is that investment is anything that you can buy and hold on to in order to gain value.

    Literally, the investment can be anything you can buy and sell.

    The key is to realize there is no such thing as a naturally good or bad investment.

    What I mean is if you make right timing, you can be wrong about valuation and strategy, and still come out with a profit.
    Or if your valuation is strong, you can be wrong about timing and strategy and still come out with a profit. You may have a

    positive expectation with good risk management. In other words, your strategy is good.

    But your profit is assured over time even though any single investment can fail on timing and valuation.

    Successful investing is all in the process: risk management, strategy, and timing. It takes work and effort.

    There is no one-stop solution. There is no magic pill. If you’re looking for instant solution and asking what is a good investment, your thinking is in the wrong direction.


    Everything, but literally everything can be a bad or good investment, depending on the moment you enter, the strategy, the trading plan, investment plan.

    For someone who is trying to identify solid investment opportunities from among various available choices, it would be helpful if you are able to identify financial opportunities as distinctively good or bad.

    However, it’s not always a black-and-white task.

    Some of the processes depend on your own good perception. There are some red marks that forewarn of a potential losing bet. However, as well as some positive signs that could lead to a profitable investment.

    The average investor’s investments underperformed the returns of almost every asset class. Part of the reason for this is the tendency of investors to buy high and sell low.

    In times of market volatility, many investors panic and dump their stocks. They often make poor investment choices. They are seduced by the promise of high returns from investment products. That is difficult to understand and hampered with high fees.

    A good investment is one that meets your goals and objectives.

    A bad investment is one that doesn’t meet your goals and objectives.

    To find good investments you must have an understanding of what is realistic. What kind of return should you expect on an investment? If you have a good sense of what is and is not possible you are less likely to get scammed.

    You must be able to keep your eye on your chosen investment, and this is something that can be hard to do. Not all investments are easy to track in this way. The best thing to do is to make sure that your focus is primarily on material assets, as these are the kinds of things you can easily see, and they are more likely to be easily tracked too. As long as you can keep an eye on your investments, you can be sure that you are doing with it what you should be doing in order to make money.

    I presented you a few essential rules you can use to avoid bad investments and recognize good.

    Those are not must-follow rules. You can think of them more as guidelines. Especially if you’re a new investor, using these rules to stay away from bad investments can help you to make better choices.
    And never look for the big, fast wins. You’ll be crushed.

    Risk Disclosure (read carefully!)



  • How to Quickly Make Losses on Crypto?

    How to Quickly Make Losses on Crypto?

    Make losses on crypto, it sounds so impossible. But life is not the fairy tale. 

    2 min read

    Yes, how to quickly make losses on crypto. Of course, I didn’t make a mistake in the title. I even didn’t mean to say “how to make a quick profit”. Although that’s precisely what attracts some people to cryptos.

    Because of the story of the people who bought bitcoins in the period from 2009 to 2012, and now they are wealthy, many of you can think that cryptocurrencies are a shortcut to opulence.

    You can earn quick, it is not impossible,  but this quick profit goes side by side with a big risk.

    Whoever loves quick earnings at high risk, should go betting or to casinos. It is much faster than earning on cryptocurrencies. 
    This post is for those who see the possibility of quick earnings in cryptocurrencies, and don’t see the risks. 

    The truth is: you can gain a suitable profit, but also you can quickly make losses on crypto.

    There is no profit with no risk

    Even in the world of cryptocurrencies. I’ll try to briefly introduce some of the biggest traps for insufficiently informed investors and traders who are looking for quick wages.

    Cloud mining

    You’ve probably heard that cryptocurrencies are generated through the “mining” process. You can invest a certain amount of money in hardware, this hardware is set to “miners” and money starts to come.

    Although many overlook the amount of work and some of the costs that exist there, it is still relatively difficult to find a miner to whom this investment is not profitable.

    Anyway, chances to quickly make losses in crypto are bigger here than anywhere. The equipment is more expensive and more complicated, crypto mining has become the business of big companies. There should be no illusion about that.

    There is another type of mining, which many have “harnessed”, known as Cloud Mining.

    It’s a much more elegant variety. You can rent someone’s hardware to mining for you, with a fee to the hardware owner.

    That’s it! Voila!!!

    However, there is one big problem: most of those who rent this hardware, don’t actually have it!

    Where is the catch?

    They pay old investors with money taken from new ones.

    Most of those who offer cloud mining are fraudsters. Personally, I would never invest in it, because there are a lot of possibilities to quickly make losses on crypto.  

    But if somebody wants, here are some things on which you have to pay attention:

    * If you buy hardware for mining, you need about a year to pay for equipment.

    Honestly, there are no guarantees that you will ever repay the investment. But whoever gives you guarantees that you can through cloud mining make more than 100% a year, you can be sure he is a fraudster. If an alleged cloud mining company is not recognized, for example, on blockchain.info/pools, it’s all fraud. There is a very small possibility to find it in the “unknown” category, but this option is really very small.


    Fake cryptos
    There are currencies which are presented as cryptocurrencies, and in fact, they are not. As something is not cryptocurrencies, it still doesn’t mean that it’s a scam, but you have to be very careful. When someone suggests you invest in a particular crypto, this is what you have to be aware, in order to avoid to make quickly losses on crypto: 
    If the income is not guaranteed by a company, but the individual who offers you this investment, then that individual is either a fraudster or unauthorized person.

    The reason is clear:

    There are no guaranteed earnings in cryptocurrencies, nor anywhere else!

    Also if the currency cannot be bought or sold on the free market, you should be very cautious.

    In this case, there is the opportunity that price is manipulated and keep at an unrealistically high level in order to make the investment cost-effective.

    Cryptocurrencies generally are open source, if they are not, you can be sure it’s fishing.

    Trading markets

    Whoever is considering trading on the stock exchange should have one thing in mind: there are always more losers than winners. That mean, you have to be better than most participants and then you can earn.

    All right, all the generals are great after the battle. Don’t listen the others, you have to find your own path.

    If you do not have experience with trading on the stock or cryptocurrencies markets or knowledge, there is the bigger chance you will be easy prey.

    That’s all I have to tell you at this moment. Let us know what do you think!

    Risk Disclosure (read carefully!)