BLOOM FX

Even with minimal risk, consistency can still be achieved. Know exactly what you are trading, it rules out the noise
Avoid "strategy shopping"

RISK BEFORE REWARD

Before opening a trade, ask yourself the most important question. "How much am I willing to lose" professional traders do not lose more than 5% of their account per trade. We have many good traders with good strategy but bad risk management

This was taken today based on definitive rules. Rules for entry, stoploss and take profit. When you know exactly why and how you took a trade that was profitable, you can make it happen again

Backtesting a strategy is an integral part to developing a trading strategy. It is ok to know the success rate of a particular strategy by backtesting it with historical data of more than 3 years, taking note of the strength and weakness of the strategy. Developing a trading strategy involves a process, when you start cutting corners, that is when you start finding inconsistency in your trading.
PS: Follow process

Determining the direction of the market is the first step to take during technical analysis, and this can best be done on higher timeframes. While lower or intra-day timeframes are for entry. Trading with the trend gives you more probability to win a trade.
PS: All trades are under probability, always endeavor to use proper risk management as no trade has a 100% probability.

Heard of the concept MARKET STRUCTURE?
Simply put, Market Structures are areas of support and resistance. In addition to this, it includes chart patterns like head and shoulders, Ms' and Ws', highs and lows of the market. If you know what you're doing, this is all you need to create a profitable strategy greater than 60% . Yes, 60%. Even a strategy of 40% will still put you in profit with the power of risk to reward.

Someone asked me "what exactly is price action". Price action is simply the highs and lows of the market, areas of strong demands and supply. It is as basic as that. Now the question is "how do you use this to your advantage"
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A systematic trading. Trading is all about having a system that you repeat over time. It makes trading easier because you know exactly what you are doing at every point in time.
PS: Ensure you get a proper education before you embark on trading a live account to avoid losing a lot of money.

Some free mentoring tip on how to develop a strategy.
1. Get clear rules on your entry, stoploss and take profit
2. Test them using a demo account
3. Put down their success probabilities
A 40% success strategy will still be able to grow an account with the power of risk/reward.
Ask me how????

Forex market is the market in which participants can buy, sell, exchange and speculate on currencies. The forex market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world. What we do is we teach people how they can be their own money managers, trading forex from the comfort of their homes. DM us now to get started.

Check out the complete breakdown of AUDCAD. Follow the link below and subscribe for more videos like this

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MARKET STRUCTURE AND MULTI-TIMEFRAME ANALYSIS Here is a complete breakdown on how you can utilize market structure and multi-timeframe analysis on chart analysis.

Slow and steady is the best way to attain consistency in forex trading