[op_liveeditor_element data-style=””]

Students Minimum Requirements and Path to Profits

Simple, but clear minimum requirements for you to carry out.

[/op_liveeditor_element]

[op_liveeditor_element data-style=””][text_block style=”style_1.png” align=”left” font_size=”18″ font_font=”Ubuntu” font_shadow=”none”]

Your Step-by-Step Requirements

This document is an outline of the step-by-step requirements and path that you need to take to become a profitable trader. These are the requirements and the minimums of what is needed.

This guide makes it very clear what students need to do and which steps they should take to move from demo accounts to real accounts. This document also outlines exactly in what stages members should move from the basic strategies to the advanced strategies.

Your Systematic Guide

It sets out in a systematic approach that is simple to follow, but will save you money whilst in the transition to becoming a profitable trader.

Anyone can make a lucky trade or even a few lucky trades, but to be consistently profitable over a long period of time a systematic approach with the correct experiences is required and this is what this guide gives you.

If you are in here reading this, then it shows two things.

1: you need a logical step-by-step approach. Some traders really have a hard time letting go of what they are doing, or what they were doing, but there comes a time when you either start doing things differently and start getting different results, or you hang on to what you have been doing and continue to get the same old results again and again.

2: You are a very serious and committed trader which is exactly what is needed to succeed. Trading as you know by now takes commitment, but the rewards can be worth it and you are one of these traders who is ready to hustle and put in the work.

Commit and Put in the Hard Yards

In this business there are NO shortcuts if you want to become a consistently profitable trader.

Whilst many try to take shortcuts in this business every day, the traders who make it and become consistently profitable are the ones that take a systematic approach and are willing to work at it.

Rather than making the journey quicker, trying to cut corners will only set you back and lose you time and money.

The aim of the game is to make money and make it on a consistent basis over a long period of time.

Most beginners don’t want to hear this and most profitable traders know this to be the truth; becoming a profitable trader is a journey and takes commitment.

Forex School Online has all the educational information you need to become a profitable trader, but you have to commit and work at it.

The methods and material we teach works, but if you think you can become a consistently profitable trader in a few practice sessions you are misguided.

What is Your Trading IQ?

The reason we have set out this path for members is so that you can take the correct steps whilst gaining the required experience to become successful. Traders are forever picking up new information whether they realise it or not.

Even though two traders have exactly the same teachings, the trader with more experience will more than likely be at a more advanced stage in their journey. This is because every time a trader makes a trade or looks through their charts they are increasing trading IQ.

Every-time you experience a new trade, manage a new type of setup, or experience something new, you are building what I call your trading IQ, which is really your subconscious brain.

This is why when you first start trading you find everything hard, cannot spot support / resistance, or basic things, but soon they become easier, and what you are not realising is, in your other part of your brain it is taking in all of that and A LOT MORE.

It is taking in how you felt when you lost so it can remember bad setups automatically for next time just for to give you one example, so the more and more setups you can feed it the more it has to recall upon!

Traders need to go through all these different scenarios such as facing fear and greed, making all different types of trades in many different types of markets and losing/winning many trades to increase their trading IQ.

No matter how hard a trader may try to shorten the time to becoming successful, they will simply not have had the experiences required to remain successful if shortcuts are taken.

If you fall for the trap and attempt to take shortcuts, you are moving away from trading with odds stacked in your favor, to gambling with the odds firmly in the markets favor.

No matter how much luck you may have, eventually you are going to come across scenarios you have no experience with, or begin to make mistakes you won’t even know you are making. Taking logical steps and using a systematic approach laid out in the path below will help you learn not only how to trade the Forex School Online methods, but learn about yourself and trading style.

During this process you will learn the trading mistakes you are susceptible to making and how to deal with them.

Trading is a Business, Not a Lottery Ticket

The last thing that needs to be made clear for you is that trading the market is a business. Make no mistake about it, the only reason anyone trades is to make money.

The only reason the casinos operate is to make money, and the only reason we trade is for the same reason. The punters at the casinos are playing games with the odds firmly against them. We need to treat out trading like a business and also like a casino. We should only ever risk real money when we have become consistently profitable on a demo and are as sure as we possibly can be that we have the odds in our favor when trading the markets.

A big part of being a consistently profitable trader is having a detailed trading plan to follow. In the students area and courses you will find the example plan that you can use to build your own personal plan. Copying the example plan and using it as your own won’t work because everyone is different. Some people will manage trades differently and others will only take certain setups. The differences in the trading plan’s don’t matter as long as profits are consistently made.

What does matter is that you have your plan, it is super detailed and you FOLLOW it. Members are not to move past step one onto step two without a plan. During step one you will be finding your way and style. During this first step is when you should build your plan and work out all your personal trading traits such as your trade management techniques.

Students Trading Path

STEP 1:

• Trading with demo account
• Teachings and setups from course one
• Time Frame* See note at bottom
  

Step one is where the bulk of your learning will be done.

This stage is critical to your success because it is during this step that you will learn what A+ setups are to you, and your trade management style. This is the perfect time to work out your trading strengths and weaknesses and build your detailed trading plan.

Once you have your plan written up, your goal is to grow your account and become profitable for three months in a row on a demo account.

I just want to highlight again that to complete this step you don’t just have to have three random months of profits, but three months in a row of producing a profit.

Once you have done this, you are ready to move on to step two.

GOAL FOR STEP 1:

– To be profitable for three months in a row on a demo account. Two out of three is not good enough. You need to be profitable three months in a row. This is the minimum required.

STEP 2:

• Move to live account for the course one strategies, trading the daily 4hr and charts. Only deposit 25% of the amount you intend to deposit into your live account.

This is very important. Keep the other 75% sitting in a high interest bank account or something similar. Hopefully you will need it very soon! You need to pass this test before depositing a larger account.

So this means that if when you are a profitable trader you intend to trade with a $10,000 account, for this stage only deposit $2,500.

• If at any stage you lose 25% of your account, stop trading and move back to a demo account and repeat step one again.

If you lose 25% of your account, it is critical you stop trading a live account and go back to a demo to work out what is going wrong. After completing step one again, top up your balance back to 25% of intended back roll and try to move on with the process.

This is going to help you become profitable, work out how to make money, NOT BE A GAMBLER, BUT A BUSINESS FOREX TRADER, AND NOT BLOW MONEY.

GOALS FOR STEP 2:

– To make a profit three months in a row on a live account using 25% of intended trading bankroll, trading strategies from course one on the weekly, daily and 4hr charts.

STEP 3:

• Deposit the remaining 75% to the live account and begin trading full account.

GOALS FOR STEP 3:

– The goal for this step is to start building your trading account by consistently making a profit and then reaching your trading goals and dreams!

NOTES:

Once you have moved to a live account for trading the strategies from course one, you can start the process of the steps for the advanced course strategies and intraday trading.

The same steps and rules apply. Do not start trading the advanced strategies or smaller time frame charts until you have become profitable trading the strategies from course one.

This is important; The experience built from becoming profitable using the strategies from course one are needed to succeed with the advanced course setups.

• If at any time in the process you lose 25% of your trading bankroll, stop trading and go back to a demo account. This rule applies whether you are trading 25% or your full account. It is important you work out what is not working.

Don’t be stubborn and continue to lose money hoping things will change. Do not fall into the trap of thinking you will win it back. This is how more money is lost. Remember this is a business and not a game.

There are a lot of traders on forums and around the internet spouting absolute rubbish about why only real accounts and not a demo accounts should be used when learning to trade.

The truth is that traders are only going to learn to deal with the emotions of having money on the line if they are risking amounts of money that means something to them.

This amount will be different for everybody, but trading a small account risking pennies is not giving you any experience of risking and dealing with real money. The problem is that if traders risk amount of money that means something to them when they are leaning this money is as good as gone! Risking money before you have become consistently profitable on a demo account is gambling.

You have no idea if you will fail or succeed. You can take a huge amount of risk out of the game by first becoming successful trading on a demo account. Don’t be a fool and lose money whilst learning to trade like so many others do over and over again. Save this money and use it when you have the odds stacked in your favor.

• Do not make rubbish trades on a demo account just for the sake of making trades and practicing your trade management.

I am beginning to see more students entering trades because it is “only a demo account”. This is a business and the way you practice is the way you will operate when it comes to the real show.

If you practise having ill discipline, then that’s what you will fall back to when under pressure. You need to be practising exactly how you will trade. Start setting the foundations for success. If you start making rubbish trades for the sake of it, or being slack with your trade management, you risk these behavior patterns turning into habits.

Habits rule our lives and outcomes. If you start getting into bad habits in a demo account, they will be mighty hard to break on a real account. Why take the risk of that happening? Treat your trading like a business and be disciplined.

Instead of entering trades you know you shouldn’t or wouldn’t on a live account, write down exactly why you passed on the trade in journal. Practice and form habits of being a disciplined trading machine and let these habits produce your outcomes.

• Time Frame Selection: The time frame you are trading and using should like everything else be a careful and methodical business selection. I personally not a huge fan of the weekly time frames because of overnight holding costs and waiting times.
  

The bulk of my trades are from the daily time frame and below. You time frame selection should work like this however; to be trading on your live account with that time frame you need to know you are profitable on that time frame.

Price action can be read on traded on all time frames – BUT you need to know you can make money on it. You need to start out just as we have gone through first on the daily time frame, then 4 hour, 1 hour and you can go as low as you would like. I personally don’t go lower than the 15 minute chart and have found that as a happy medium, but you may find you like the 5 minute charts, who know, but you need to do it in logical steps.

Safe trading,

Johnathon

 [/text_block][/op_liveeditor_element]