But it is not easy. While the basic skills such as technical analysis and market understanding can be acquired rather quickly, the psychology of a trader is a underrated but probably the most important factor. The most dangerous situations during a session are:
These can wipe out entire accounts in short time. Many traders have experienced one or even all of these and had to take huge losses.
I will not only teach you how to develop trading skills but also how to develop strong positive habits and processes. Through mindfulness training (meditation) and daily schedules, we can mitigate emotional risks and become more successfull.
Based on a proven system
Start your Training
Develop your style
Create an idea (hypothesis) of your first new trading strategy. Go down to the 1m timeframe and test this idea over and over again. Create one consistent setup and practice.
Journal every single trade. Review your journal after every week. You will find patterns and see what your winners and losers have in common.
Improve your strategy after the reviews. Start with small changes and concentrate on how to loose less from the losers. In a next step you concentrate on how to win more from your winners. This way you create your first profitable strategy
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