HOW TO BECOME A SUCCESSFUL TRADER

1). NO NEED TO CHASE HUGE PERCETAGE GAINS MONTHLY, ONLY 0.0001% OF TRADERS CAN DO THIS.

2). IT IS IMPOSSIBLE TO APPLY STRATEGIES OF AVERAGING DOWN AND ADDING TO A LOSING POSITIONS WITH INCREASED VOLUME, SUCH AS MARTINGALE.

3). YOU SHOULD STRIVE FOR 5% PER MONTH WITH A MAXIMUM DRAWDOWN OF 8%.

4). AS AN OPTION KEEP RECORDS OF YOUR TRADES AND SHARE ON YOUR CHANNEL WITH ANALYTICS, PROVIDE SIGNALS AND TAKE MONEY UNDER MANGEMENT.

5). IF YOU CAN SHOW A CONSISTENT RETURN OF 5% MONTHLY WITH A DRAWDOWN OF MAXIMUM 8%, THEY WILL GIVE YOU MORE AND MORE MONEY TO MANAGE. THIS CAN ACCUMUALTE TO MILLIONS OF DOLLARS.

6). RISK MANGEMENT BOTS (EXPERT ADVISIORS) CAN BE USED TO CONTROL MONTHLY DRAW DOWN.

7). YOU MUST OBERSVE AND RESPECT THE 1% RISK PER TRADE, DON’T LOSE MORE THAN 1% PER TRADE.

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By Scott Andrews

Scott Andrews is an Australian based trend and swing trader using the daily, 4 hour and 1 hour time frames. He has previously worked in China as a performance coach for their Winter Olympic Team at the time refining his trading skillset. and runs a YouTube channel discussing his thoughts on markets as well as being the Account Manager (Australia) for ForexBriefcase. Recently Scott took on the role as Trading Coach for LCMS Traders.

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