Profitsss.....if you took this trade, send in your profitss🙈🙈...send to @basiudoh
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Hello! Good day traders and traders to be 😂. I am delighted to have you here! A big welcome to all our new members. This should give you a correct guide on how to get started 1. If you're new to forex trading, you'll need to create your trading account.…
Welcome...if you're new here, ensure you go through this please
One of the leading causes for the failure of many businesses is their lack of planning.
If you want to be successful in life and business, you need to have a plan for how to obtain that success.
Trading is no different from any other business.
It is important to have a written business plan for your trading just as you would for any other business.
Fail as a Trader
Like we mentioned in the previous lesson…
“If you fail to plan, then you’ve already planned to fail.”
In other words, those who fail to plan out their trading like a business are doomed to fail.
Here are twenty-one crucial questions that you should have an answer to as part of your trading plan.
What are your specific reasons for wanting to become a trader?
What do you hope to gain from trading?
What are your biggest strengths?
What are your biggest weaknesses?
How do you plan to address your weaknesses and leverage your strengths?
What are the things that are going to separate you from the large majority of traders who fail? (Answering with “hard work” isn’t enough. Lots of hard-working traders still fail.)
Will the things you mentioned above actually give you an edge in the markets so your trading outcomes generate a positive expectancy?
What market or markets do you plan to trade and why?
How much time can you devote to actively following the FX market? And the overall financial market?
What is your trading style? Do you plan to scalp, day trade, swing trade, or position trade?
Does the trading style(s) you’ve chosen reflect the reality of the amount of time that you can devote to trading?
At what times throughout the day (or week) are you going to spend actually trading, researching trades, and then learning about the market?
What trading system(s) will you be using (your criteria for entering and exiting trades)?
What is your risk management strategy?
How will you know if your trading system or strategy stops working?
After you’ve identified that your trading system or strategy has stopped working, what will you do to address it?
What trading software and equipment you will use to trade and how much is it?
Who will you use to access the markets? What broker(s) will you use?
How much money do you plan to start to trade with? Is this money you can afford to lose without negatively affecting your current standard of living?
Do you plan to add money to your account and if so where is that money going to come from?
If you are profitable, do you plan to reinvest profits or withdraw some or all of them?
If you want to be successful in life and business, you need to have a plan for how to obtain that success.
Trading is no different from any other business.
It is important to have a written business plan for your trading just as you would for any other business.
Fail as a Trader
Like we mentioned in the previous lesson…
“If you fail to plan, then you’ve already planned to fail.”
In other words, those who fail to plan out their trading like a business are doomed to fail.
Here are twenty-one crucial questions that you should have an answer to as part of your trading plan.
What are your specific reasons for wanting to become a trader?
What do you hope to gain from trading?
What are your biggest strengths?
What are your biggest weaknesses?
How do you plan to address your weaknesses and leverage your strengths?
What are the things that are going to separate you from the large majority of traders who fail? (Answering with “hard work” isn’t enough. Lots of hard-working traders still fail.)
Will the things you mentioned above actually give you an edge in the markets so your trading outcomes generate a positive expectancy?
What market or markets do you plan to trade and why?
How much time can you devote to actively following the FX market? And the overall financial market?
What is your trading style? Do you plan to scalp, day trade, swing trade, or position trade?
Does the trading style(s) you’ve chosen reflect the reality of the amount of time that you can devote to trading?
At what times throughout the day (or week) are you going to spend actually trading, researching trades, and then learning about the market?
What trading system(s) will you be using (your criteria for entering and exiting trades)?
What is your risk management strategy?
How will you know if your trading system or strategy stops working?
After you’ve identified that your trading system or strategy has stopped working, what will you do to address it?
What trading software and equipment you will use to trade and how much is it?
Who will you use to access the markets? What broker(s) will you use?
How much money do you plan to start to trade with? Is this money you can afford to lose without negatively affecting your current standard of living?
Do you plan to add money to your account and if so where is that money going to come from?
If you are profitable, do you plan to reinvest profits or withdraw some or all of them?
Good day everyone.
If you are ready to go live on your binary(deriv) account.
You can fund it easily
Just click the link below and send a DM
https://t.me/BusinessBoostExchange
Simply inform them that you're from tradewithbolu, and you'll like to fund your binary(deriv) account.
PLEASE NOTE THIS IS NOT FOR HOT FOREX! ONLY DERIV ACCOUNT
If youre confused, send a DM to @basiudoh
If you are ready to go live on your binary(deriv) account.
You can fund it easily
Just click the link below and send a DM
https://t.me/BusinessBoostExchange
Simply inform them that you're from tradewithbolu, and you'll like to fund your binary(deriv) account.
PLEASE NOTE THIS IS NOT FOR HOT FOREX! ONLY DERIV ACCOUNT
If youre confused, send a DM to @basiudoh
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THE BOLU OKUNADE CHANNEL!
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