Transform from “Unconscious Incompetence” to “Conscious Competence” in six easy steps!
Apologies for being so direct but the unfortunate truth is that most traders do not know that they do not know what it takes to be a successful trader. Trading in financial markets is not a game which you win some and lose some and have fun while you are at it; in reality, it is a serious business of knowing what you do and taking winning decisions. All the time, again and again! Statistics say that less than 10% of traders in financial markets make money consistently. It is time you got into that minority !! Let us show you how.
In six, well designed short modules spread comfortably over two weeks, we will take you through a learning process that will change the way you trade. We promise to help you unlearn your wrong notions, develop the right attitude and learn some tricks of the game that will stop your losses and set you on your path to profits.
The Six Steps:
- ESTABLISHING A MINDSET OF EARNING MONEY CONSISTENTLY
A trader, to be really successful, needs to understand that both the mechanical(technical analysis) and the mental sides of the equation are independent and yet coexist in a dynamic fashion.Each side is dependent upon the other and need to work together to achieve the desired goal of peak performance.
- ADVANCED RSI
Most traders familiar with Technical Analysis use RSI............but in the limited context of spotting OverBought and OverSold status of the stock analysed. But RSI by itself can be a powerful trading method wherein TREND IDENTIFICATION, SUPPORT/RESISTANCES, BUYING/SELLING SIGNALS can be generated.
- MONEY AND MIND MANAGEMENT
In trading practice, it is okay to enter late but unpardonable to exit late! Most traders cannot bring themselves to exit when exiting is good for them. Cutting your losses to stay and fight another time is the most important lesson one learns before becoming a successful trader. In this module, we teach you to employ the exit strategy that best suits your trading style, how to ride the trends while protecting your profits and how to manage your risks in any market situation.
- ICHIMOKU Trading System
Also known as THE KUMO or the Cloud theory. A Japanese tool . Is extremely useful for Trend Identification, Excellent trading signals, and very reliable support/resistance. Widely used for currency commodity and stocks/indices trading. My favourite trading method. Will give very clear cut trading setups and remove a lot of confusion as regards to the identification of the TREND.
- CREATING A TRADING SYSTEM/METHOD
Without a trading method a trader is like flying the plane without parachute. For some, trading is like gambling. Most of their trading decisions are shots in the dark either based on hunches or tips from friends and other traders resulting into risky trading. They continue to trade on ‘HOPE’. But for a professional trader, trading is like running a business and businesses are run on SYSTEMS. Similarly ,creating a TRADING METHOD will be taught that will govern the decisions of the trader. Such traders trade with ‘CONFIDENCE’. They incorporate strong reward/risk ratios and probability in their decision making process. Trading with discipline within a TRADING METHOD keep emotions in check.
- PRACTISING THE SYSTEM
Once you have completed all the sessions whats required is to to test it. This will be a hands-on PRACTICAL seesion where you will put into practise what you have learnt. The trainer will help you see as to what stops you from taking CRITICAL desicions in actual trading scenarios. Also the trading method will be examined and put to test.