Episode Details

Podcast:

Lining up your ducks in a row

In this video:
00:24 – Becoming a better and more consistent trader
01:02 – Tips to help you create a trading plan
01:46 – Lining up everything in your favour
02:25 – Get the bigger picture from the Monthly charts
03:12 – You’ll still need a good strategy and identify a good trade
03:54 – Take a look at the USD/CHF price level
05:33 – Line the ducks in a row to help your trading results

Lining up all the ducks in a row to make you a more profitable trader. How does that work? Let’s talk about that and more right now.

Hi, Forex Traders. It’s Andrew Mitchem here from the Forex Trading Coach with video and podcast number 326.

Becoming a better and more consistent trader

I want to talk about how you can become a better and more profitable trader with consistent trades by lining up all the ducks in a row.

Let me explain more about that. You see, trading is all about probabilities. There are no certainties in trading, and the other thing that you have to work out when you are wanting to become a trader, is you need to have a plan and you need to stick to it. But, how do you create that plan? What do you do in order to create a plan? Because, everybody says, “Hey, you need a plan to become a good trader.” Well, where do you start? What do you do?

Tips to help you create a trading plan

I’ve got some really beneficial and realistic practical tips to help you with this because, like I said, trading is about probabilities. Nothing is certain. You can have the best looking set up and it won’t work. It’s not absolute guaranteed to work. Nothing’s really guaranteed in life, is it? You probably have to go to school when you’re a child. You probably and should be paying taxes when you’re an adult, and you are going to die. So, really, the last one’s the only certainty, but in trading there are no certainties. You can have absolute everything looking really good. Doesn’t mean to say it’s going to work. But, if you do that often enough with the high probability behind you, then chances are you’re going to do really well as a trader.

Lining up everything in your favour

Getting all that lined up, everything lined up, is really, reall