www forexstl com What makes a successful Trader

www. forexstl. com

What makes a successful Trader? Analysis. Technical/Fundamental Risk Management Psychology www. forexstl. wordpress. com

Risk Management & Psychological Make up of a successful Trader Risk Management is what sets apart professional traders and amateurs/Gamblers Risk management involves knowing what to do, when and at what time. Knowing where to exit is as important as knowing where to exit. Do not risk more than 1 -2% of your trading capital on any given trade you make. Golden thumb rule. Make use of stop losses. Covers you against unanticipated market reaction. Know how much you can stomach to lose/maximum limit loss if the markets go south. You will lose money, always have the discipline to make sure your winning trades are more than your winning trades on a specific timeline. If you’re a day trader, make sure you close your day in profits. If you’re a swing trader, make sure you close your weeks/month in profits. Discipline to stick to your strategy for consistent profitability is crucial. Deviation from your trading plan exposes you to fear, greed, impulse buying, impulse selling and crowd behavior. Over-trading makes your brokers rich and your trading capital dwindle. Understand leverage. Double edged sword. Support & Resistance levels let you know the ride of market makers. Follow the trend. www. forexstl. wordpress. com

Psychology Fear and greed are the two emotions that depict the irrational behavior of masses in the markets. Fear of Missing Out and Holding on to a position longer than you have to will cost your trading capital. www. forexstl. com

Psychology Understand the basic trend, the role of market makers/manipulators and use that to determine your entry and exit positions. Buy low, sell high. The trend is your friend. Your mind is your asset. Consistent application of a back tested strategy in line with your trading personality is the key to trading success. Do not trade with your gut feeling, no place for hope in trading. Trading Personality. Know yourself. Ignore “noise”. By all means listen to global financial news but be confident enough to analyze group behavior so as not to cloud your judgement. Do not react to information, use it only if it suits your trading. Avoid trading signals like a plague. Use common sense. www. forexstl. wordpress. com

Psychology Lonely journey especially when you’re starting out. Detach yourself from emotional commitments. Dedicate your time to nothing else but the game. Limit your social time to events and people that make you happy. Humble yourself. Peter Brandt with more than 40 years in trading still considers himself a student of the markets. Develop a reading culture. Keep yourself informed on what is going on around you in the markets. Seek out opportunities to nurture your skill and be better than you were yesterday. Energy Capital. Work out, eat healthy, get no less than 6 hours of regular sleep, and drink lots of water. You want longevity not spending your money to pay for hospital bills. Believe and Trust in yourself. No shortcuts, or else you will be victim to scammers and the markets will make you pay the cost for tuition. Basically have China’s work ethic, Sunday to Sunday. www. forexstl. wordpress. com

Why start trading Forex as a student? You have the advantage of time on your hands. It takes time to learn your personality and that is subsequently passed on to how you interact with the markets. You put yourself in an equal playing field with international students and traders all over the world. There’s no discrimination of color, background, level of education, age. Markets do not care who you are, your ability to survive the markets determines your longevity in the game. You have close to limited or no financial obligations at all. For instance, you have no mortgage, not raising a family. You are intellectuals, curious and eager to learn. You can easily master the art of trading if you have the discipline. You will be preparing yourself for any outcome in the job industry upon prior to and upon completion of your studies. World Bank Statistics released in quarter three of 2017 found that most lucky to secure jobs could be underpaid and chances of being retrenched due to harsh economic conditions are. Would you put your future on someone else’s hands or would you rather have a skill where you can obtain financial freedom? What you earn is dependent on your skill level. However, how much you invest is critical, how well you fund your trading account, your discipline and consistency in trading, leverage as a double edged sword and the power of compounding. You have access to a market with over 6 Trillion dollars in trading volume on a daily basis 24/7. Markets don’t sleep. www. forexstl. wordpress. com

Why Sylvia’s Traders Lounge? Be part of a trading community that offers support. Our members are our friends. Monthly meetings to discuss our trading experiences and learn from each other. Our business model is personalized, flexible and structured in a way that ensures you get a good foundation to your trading. Just the same way you can’t learn how to be a lawyer or a doctor in a month, we get you started and give you lifetime coaching and mentorship as long as you are a member. We make use of share screen, our classes are held online via the zoom platform because we cater to local and international clients. Therefore, we do not limit ourselves to a physical classroom set up. We advise you on the right brokers in check prior to opening a live account. You don't want to be scammed. www. forexstl. wordpress. com

Why Sylvia’s Traders Lounge? We expose you to professional traders in forex, commodities, stocks in the global sphere. Your networks are your net worth. Monthly interviews and one on one engagements for our members with these professionals. Just to mention a few Carley Garner (CNBC Contributor to the morning trading show Mad Money, author of Higher Probability Commodity Trading), Fred Scott (Private Hedge Fund Manager), Kyrill Krystallis (Crypto Trader and Educator). You learn from experienced instructors who have been in the game for years. Practical real time trading. Would you rather be taught how to do business by Chris Kirubi or a renowned business professor who only has classroom lecture experience? We link you to a prop firm, as long as you have consistent results, barely on the red(loss) and net green(profits). Access to capital will be the least of your worries. www. forexstl. wordpress. com

STL RATES vs OTHER INSTITUTIONS Charting competitive pricing model. STL RATES $200 OTHER INSTITUTIONS OVER $300 Affordable financial cost. Each Level goes for $200. Price inclusive of Lifetime Mentorship on a quarterly renewal. www. forexstl. wordpress. com

Our Trading Strategy Method: Pure Price Action/ Technical Analysis Style: Trend Following Tactic: Swing Trading Classical Chart Patterns Top Down Approach to the Markets www. forexstl. wordpress. com

Disclaimer Trading financial instruments on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. Be aware and fully understand all risks associated with the market and trading. Sylvia’s Traders Lounge assumes no liability for errors, inaccuracies or omissions. The information shared on this platform is purely for educational purpose and should not be regarded as investment advice. Past performance is not indicative of future results. www. forexstl. wordpress. com

Conclusion Appreciation Thank you all for taking your time to listen and learn. Reach out to us Website: www. forexstl. wordpress. com Email: stlsfx@gmail. com Telephone: +254 726 662 409 We welcome you to Trade Hard, Slay Hard. www. forexstl. wordpress. com