May 7, at 2:
Before You Start Learning Forex
Read this if you like to know how it feels to be a professional full time trader: The 5 steps to become a consistently profitable trader is simple and straightforward that many people will likely not take it serious as they can easily see so many website teaching strategies that are complicated. After wasting some time and money as the case with me,they will come to realize that what they read in luckscout is all they need to become consistently profitable trader.
I will therefore advice that if you are lucky enough to find luckscout early in your trading career, do your self a massive favour and put what is written in this article and shorten your learning curve. Your articles are like daily food for me. He asked me to not use any indicators and just trade one currency pair. So he wanted me to program it.
But my common sense tells me that if there were a perfect EA making money then people might already found it. I might be wrong but EA is too risky for me. Then I started with 5min,15 min charts. Candlesticks and BB are way to go. Hopefully I will be successful soon, I guess it take lot of persistence and I have still lot of thing to learn.
You are so lucky. The future is indeed really bright for anyone who is ready and willing to learn from you. I always want to say thanks to you chris..
The wày you trade and the way you teach us are great and easy to follow. This is a very great summary about the steps we have to do. We just have to be patient and never give up. And finally we will be there. I am at the beginning of the demo trading phase. Not too profitable yet, at least not enough. I want to be satisfied with my result to go live. I take it very serious, perhaps too serious… Thank you very much! Can you make and provide an e-book comprising all the link articles on this very particular article Become a Profitable Trader in 5 Easy Steps it will be very easy to read and study even without the internet connection if it will be in e-book and save to any ipad or laptop.
I thank you and appreciate your sharing of your knowledge and wisdom on trading. Thank you for your comment. It will be offered for free definitely. You must be very successful investor. You must have already made millions in trading.
Then why do you still write articles for us and give us free? I totally applaud your efforts and I never read same quality material anywhere, but wondering what is your motivation behind it? Writing is the only thing I am doing now. First I just wanted to kill some time through writing. Then I felt I like it. That is why I am still writing. Of course, dealing with this site has made me learn something new about computer and the Internet every day. I was too dummy in these, but now I am learning a lot.
You deserve every success that you have. Yes, most info is available and for free but to actually share with people what you use and how you actually do it is a completely different thing. I applaud and salute you Chris. And to think that you are not trying to scam anyone because l cant seem to think of any catch here for you besides what you explained in your response is just fantastic and amazing. Thank you for sharing your knowledge and wisdom!
You have saved me and many others years of trial and error. How much does that cost really come to think of it l cannot thank you enough! That is true Ted. Take an example of what I found following on one of most visited site on internet. Internet is full of wrong information. Like Chris said, many people who write article about trading are not even trader themselves. So their information is wrong and dangerous for novice who tend to believe them easily.
I am so sorry Chris, I feel sad, I know that I already asked you this question, but this was after your answer here, now I can understand why you did not answered to me. It was already answered, my bad. I am reading more and more everyday and I learn in your articles but also with the answers and advice that you give to the members.
You already know how I am grateful. The link above takes me to stop loss article, instead of target. Regarding your question about time frame, that article was an old article written by someone else because some others were used to write on LuckScout before I start writing.
I deleted the article completely and so your comment that was attached to it got deleted too. By the way, hank you for informing me about that article. It was really a misleading article which was against what we are teaching on LuckScout now. Yes, we only follow the daily, weekly and monthly time frames. Please confirm if my understanding is correct for daily charts.
After 5pm, Sydney opens. So during this session that you spend 30 minutes analysing the daily charts, and enter pending orders. For as long as it is filled before 5pm the next day. Do you care whether it is Friday, weekend, public holiday in the US? Which article talks about focusing the Asian session? If it is the below one, then it emphasizes at the end of the article that following the short time frames is not a good idea: I am following your system of trading and I find it is definitely most reliable one.
I have learnt so many things reading your article that I would never have found anywhere. You are a unique person who shares his knowledge and helps others learn without expecting anything in return. I think we are very fortunate to have you to learn trading from. May God bless you. Hi Chris thanks for the information.
Can you please or anyone here tell me of any reliable brokers in New Zealand or for those who want to trade from NZ. Hoping to get into it.. Unfortunately we cannot recommend any broker for some important reasons. Hope you will excuse us. Thank you for all the information you are sharing with us. Since I read casually your first article surfing on the web I am getting better results in my live account. My question is if I have to close this account and follow your lessons opening a Demo account for the next three months or I can keep working with my current live account.
I feel more comfortable with a live account because I deal with my emotions, something that I have learned during this last year. I have been working following Price Action and LuckScout signals but I lost my money because I was starving of getting my money back.
Now, following your daily articles I feel more comfortable and I am not expending all the day in front of my computer. Thank you very much again. You are one of the best person I have ever met! Keep sharing with us your knowledge, someone from Spain is waiting your comments every day. Do I have to open a Demo Account or do I have to keep my live account open?.
My goal, by now, is to recover my money with patient and then follow with my system. I am afraid your strong desire to recover your losses can make you follow your emotions.
You are taking a bigger risk when you trade like this. You will always have time to recover your losses when you become confident enough in your trading. So, if you ask me whether you should open a demo or keep on trading with your live account, I suggest you to open a demo to build your confidence, then you can trade with your live account. Your question tells me that you are not confident enough yet.
Happy and successful year. I wish you long life and healthy. Josef Thank you Chris for all. Great success for you and may good always bless you chris. Happy New Years Chris, I must thank you as you have contributed a lot into helping me as I learn to become a full time trader. Does it work that way? Today is my 6th day regarding learning. I just finish my meditation and seeking for a true mentor who can help me wholeheartedly how to learn.
I guess, I found the right one, Chris. Your prudence and self-business awareness are quite amazing I read 3 posts but I can figure it out. You have not only discussed about but also trading from a psychological point of view. I am quite sure you have achieved most of your financial goals except the biggest one creating a legacy.
I am so lucky I found your blog so early of my learning and once again wholeheartedly thanks to you and your team for such an amazing altruist effort. I will be writing regularly….. Hi Chris, I am glad to know LuckScout. I think you teach us what we need to know to be profitable traders.
I think is the best way to make a living and pay for my travels. But I know I need a lot of time and hard work in order to begin to earn. Can you tell me how much time do you think it take to begin making a living? Sorry for potential mistakes. English is not my first language. Thanks for answering me. Yeah, I get it. I heard of binary options. What do you think about that? Do you think I should start with binary options, or is it better?
I am talking in general. It is what I thought. Really thanks for your work. Hopefully, I will begin trading soon. However, here is the ebook you can download: Thanks again for your help. Hopefully, I will start trading soon. You follow each article from this page by clicking on the articles title link. You can download the e-book from here too: And sorry for posting the same message twice. I thought I had failed sending the first message. Please do yourself a huge favor and do not open a live account yet.
If you start with a live account without much experience, your dream may turn into a nightmare. That was before i discovered LuckScout. This is what Chris tells us again and again. It takes patience, but it can save you so much trouble. By the way, the ebook is a sort of summary of the articles here on the site. I still think it is better to learn by reading the articles use this article as a starting point and to use the book as a handy guide if you forgot something and want to look it up quickly.
Your site is not very famous among traders, but it is much better then most popular sites. So, according with your experience, do you think it is possibile to make 5 or 10 percent of the entire capital daily? If it so, how many positions do I have to take to reach this goal, without risking more than 5 percent of my capital in a day? I just would like if you could help me to clear my confuse ideas. Indeed, it is not good to set a daily monetary or pip goal.
We just wait for the too strong setups on the daily, weekly and monthly time frames. The profit is what the market has to give us. I thought it is what right to have a certain percentual to achieve daily. How can I know how many trades I need to do dayly? And how can I recognize the strong setups? Start from here and advance step by step: Well, if you say so, I will. But, at least, can I know the best duration for a single trade, or it depens on the circumstations? You said, short timeframes are not good.
How long do you usually leave your positions open? It depends on the conditions. It is impossible to say how many trade setups we will have every day or every month.
Is there a minimum duration per single trade you can recommend? We hold the positions till they either hit the stop loss or target. It is not clear to us how long it takes. This site is absolutely brilliant! I have never seen something so detailed and clear before. Hello LuckScout team, thanks a lot for this massive content of relevant information about trading. For me as a beginner the page is overwhelming. As I said it is a criticism but please it is only well meant! I appreciate your work and if you may have time to consider it, it would make me happy.
Sorry to hear that this page looks confusing to you. One way I can figure out is that you leave this page open and then right click on each of the articles titles from the beginning and open them on a new tab. You can highlight the titles, so that you know which one you have opened and read.
Just please start from the beginning of this page. There are certain words and phrases in each article, that are automatically turned into links. Take this article for example, in the first paragraph, those phrases are: I did not understand this at first and read a lot of them and like you, became overwhelmed because this site contains hundreds of articles. And indeed there are some more numbered links in the linked articles.
But if you look closely, most of them the links inside the links are also in one of the lists of this main article. The same goes for a lot of other links. No, we look for the individual trade setup that form on any of the daily, weekly or monthly time frames. You are an excellent mentor and very grounded person.. Not sure if you allow me to translation this great article into Chinese and some others maybe in the future?
The copy right will be your for sure. You might have different concerns, such as the quality of the translation so it is understandable if you want to keep it in English version only.
I think it is better to have the articles in English. Any translation can hurt the real meaning of what I was trying to say. Am 2months old in trading am happy to have met Chris as my mentor. After going through every link in https: Am using daily and Ihr times frames to follow the market. Thanks alot chris and all LuckScout contributors for such priceless information you offer for free. May the Lord bless you more. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go.
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