Success in forex trading has lot to do with your mental aspects, your state of mind. When the Forex Secret Agent Alert system is correctly installed on your trading platform your trading chart should look like this:. It is a technical indicator that helps to determine the underlying trend of the currency pair. It basically consists of a line that is made of red dots. We should understand that when the parabolic SAR appears below the chart it is an uptrend and when the parabolic SAR appears above the chart it is a downtrend.

Gator oscillator is an oscillating indicator that fluctuates on the either side of the midline. It consists of red and green bars. When the bars are in the positive side it is understood that the market is moving higher and vice versa. It is also different than RSI in many ways. The oscillator fluctuates between the ranges of to 0 unlike in RSI where the oscillator fluctuates in between 0 to Open demo account to test this system. Download Forex Secret Agent Alert. Your email address will not be published.

Save my name, email, and website in this browser for the next time I comment. the recommended trade. When you get the alert it looks like this. In the pictures Forex Secret Agent forex system in action.

You can see that the blue thumbs up icon shows the recommended. direction, the entry price which is marked with blue line, the stop loss. marked by the red line and the final profit target that's marked by the. green line. So all you have to do, is open the recommended trade. As an addition you can see on the top right corner, written in red:. recommended entry point level, SL, TP , so you can easily use this. information to enter your trade.

You can see on the top left the signal information as well:. When you set the target price Take Profit I recommend the following:. And, on the other hand, after one or two trades have been lost, the majority of traders are worrying and have begun to overthink that particular trade — this results in revenge trading and over-trading, which eventually leads to bigger and needless drawdowns.

If we remain in the Middle Path and treat all winners and losers the same, neither of these emotional issues will arise, and, simply following the middle path allows us to detach ourselves from the single outcome of a trade which helps us to concentrate on the overall trading process.

It is important to set a goal in our lives, whether it is business-related, health-related or trading-related. Goals provide guidance, something that aims while trading on the forex market and offers a sense of achievement every time a target is achieved. While managing your downside, it also important to maintain favourable risk-reward ratio for each trade, that way you can easily overcome from drawdown and also help you have small drawdown.

Not daily, Weekly or Monthly profit target. That is far more beyond the realistic Expectation. Therefore set annual profit goals. One of the main benefits of setting an annual trading goal is that time is on your side. Because of that, you do not need to rush things out to achieve your trading goals.

The time is in our favour. Becoming a consistently profitable trader is not about discovering the most exciting and fastest trading system out there. Becoming comfortable with boredom while also being able to maintain the focus on it is perhaps the toughest part of all this. Here is an article about from forex4noobs on Dealing with Boredom in Forex. In forex trading, the market typically cycles through four phases. As traders, particularly as reversal traders, it is important to understand what these four stages mean to us.

Since these 4 stages warn you that the market conditions will change-allowing you to plan your trading decisions in advance. Related — Reversal Trading: The Definitive Guide. There are lots of sides you need a master in orders achieves trading success.

There is no doubt about it, lots of traders have unrealistic expectations, that is why failure rate of so high in trading. Therefore when you ready to trade in the live market, you must set realistic expectations in the right way and throw away all the unrealistic expectations which are beyond your ability to achieve as a trader.

Not only these type of goals are realistic, but also gives you more breathing room to achieve. Not much, right? Have look at the compound interest calculator below. We use money chimp compound interest calculator here. See, this is where the magic happened? See that is why setting realistic expectation is such an important in trading.

I think you got the idea here. Related Reading: How to Find More Balance in Your Life as a Trader — 10 Simple Ways. Also, price action is the key predictor of all else.

If you use some other indicators, such as stochastic, EMAs and RSI, note that they all follow the price action and not the other way around. Unfortunately, though, a lot of beginner forex traders are working on complicated trading strategies or systems with a belief in complexity that is going to rock the market and ended up not having the results they expected.

But successful forex traders know that simplicity is much more effective than complexity, particularly when it comes to trading on the forex market, and almost every successful trader that is consistent on the forex market uses at least some kind of price action strategies to improve their trading efficiency. Since the price action reflects the actions of other market players Bank, Hedge Fund and retail traders and thus filters out the whipsaw price movements in lower timeframes, and allows you to make straightforward, objective and efficient trading decisions.

Related — Forex Price Action Trading Strategy — Price Action Entry Technique With Trade Example. Have you learned any new trading secrets or strategy to upgrade your trading career to the next level? Thank you for your comment; I sent you an email with an Excel Trading Journal attached.

Please check your inbox. The truth is not very attractive. But reality helps us to reach our destination. Thanks Dude. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

We Are… Trade Revenue Pro. We specialize in reverse trading. More Over Our Trading Technique Enable Everyone, Even Novice Forex Traders to Recognize and Ride the Trend Reversals with Higher Risk to Reward Ratio. Trade Article. This is what everyone is looking for…👇 THE SECRET TO FOREX TRADING, Right?

Well, this is a common thing among beginner traders. The First Forex Trading Secret is there is NO Such a Things Called Trading Secrets. Are you guilty of this? But how? There is No Secret to Success. It is the Result of Preparation, Hard work, and Learning from Failure. In reality strategy is actually very straightforward. You pick a general direction and implement like hell.

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached… always keeping your eyes on the long-term picture. Trading effectively is about assessing probabilities, not certainties.

When you genuinely accept the risks, you will be at peace with any outcome. Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses.

In whatever you do, strive for enjoyment, focus, contentment, humility, openness… Paradoxically and as an unintended consequence your trading performance will improve significantly. Even a poor trading system could make money with good money management.

Take the Control of Your Trading, Not the Market. The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money. The Middle Path is the way to wisdom.

Beginner traders are always looking for the magic bullet, the easy way or the shortcut. And for some reason, they think successful traders have access to the best trading strategies AKA Holy-Grail trading system to get to success in forex trading. But here is the truth, there is no such a thing called Forex Trading Secrets.

The only secret that differentiates successful traders from losing traders traders who are always looking for trading secrets, shortcut and Get-Rich-Quick is the way they act and managing their trading activities.

We observed and extracted 17 forex trading secrets from experienced traders while the newbie traders appear to disregard totally. Specifically, here is what we are going to talk.

Unfortunately, this is the reality, accept it. The main reason you used to think like this is the infinite resources you can find on the Internet. Think about it for a moment, after failing in one trading strategy, what are you going to do? One of the biggest mistake new traders fall in. In those articles, everybody shares their personalized trading strategy, the way they use it in their trading, and so on.

This process will be repeated until you find a secret trading system which prints unlimited money. Stop finding the secret to trading, instead, work on finding your trading edge and gradually build it into a killer trading strategy. Next, I want you guys to stop following Instagram traders, particularly traders who share their glamorous lifestyle and screenshots of their massive profits.

These things are going to mess up with your mind. So just stop searching those shortcuts. So instead of increasing the time span of your learning curve, do your homework properly.

A Trading Strategy is a well-defined document that helps traders make buying and selling decisions based on a predefined set of rules.

These rules need to be proven and clear. A trading strategy with a complicated set of rules can only make your trading more complex. Priority should therefore be given to developing a clear trading strategy with proven trading techniques.

Now, how do you know that your trading strategies have proven to be profitable? Well, this is where back-testing comes in handy. Go through historical chart data and test whether or not your trading strategy is profitable. Discretionary trading strategies make it difficult for a beginner trader to trade consistently, therefore while back-testing makes sure to add strict set rules to buy and sell.

Tradingview provides a fantastic back-testing solution called Market Replay. I highly recommend back-test on Tradingview. Also, make sure that you record every trade that you back-test on a spreadsheet. Have a look at our spreadsheet below.

Have you noticed something about the above data? According to the test data listed above, we may conclude that this trading strategy has not proven to be profitable. As traders, what do we need to do in a situation like this? This is the trading secret. Now assume that you have a killer trading strategy that is clear and proven to be profitable.

Next, you need to write down your trading strategy in your trading plan while clearly describing your rules of engagement. Therefore, Instead of fighting against emotions, you should learn how to control emotion ups and down when trading forex. What if you can observe and identify when these emotions are messing up with you, you can easily control them, and you can trade with emotional stability, right?

Simply put, you have to identify emotions at an early stage or in another perspective, I would tell that you have to identify and act before that emotion gets to a point where you have no control. There you have it, this 5 step approach is one that any trader can apply to the most trading situation that causes trouble.

Knowing the emotional trigger will help you stop the problem first. Being able to change your thoughts and emotions can create your confidence in your ability to cope.

In the early stage of my trading career, I did try news trading in many different ways, in many different timeframes. First one is news bring noice to chart. News can turn readable chart into an unreadable chart.

Have a look at the chart below,. Have look at the highlighted period and news releases. Since news events create higher volatility price action behaviour, we as traders need to make a trading decision within a snap of a finger.

Not only that, but we also need to actively manage the trade as well. Sometimes news event never leaves a time to manage a trade. After getting a series of trade losses or a drawdown, Trading Journal lets you view your trading in an analytical manner that eventually helps you make sound and rational trading decisions by clearing your cloudy thinking.

The main goal of keeping a well-organized and clear trading journal is to prevent you from taking impulsive trading action, which will ultimately result in saving you in unnecessary losses and drawdowns.

Using a spreadsheet. This is the best way to do it. One of the key benefits of using a spreadsheet is that it helps you to make different reports that offer a lot of useful details about your trading performance. With that here is the Trade Details section where we enter all the data just after placing a trade.

Through storing trade data in this way, you can easily review your past trades without putting a lot of Hussle into it. Another advantage is that you can visually display your trading results using various chart metrics. I think now you have the idea why a trading journal is such a valuable tool for any trader who wants to improve themselves as forex traders.

So, do you have a trading journal? Let me know in the comment section. Maybe I can help you to create a one. But, if we dig deeper, you should understand and, should be happy to get out of the market when the trade is no longer represent to be a profitable opportunity. Related — The Art of Cutting Your Losses Short — Forex Risk Management. Sadly, most traders, especially newbie forex traders, disregard the fact that how important it is to treat losers just like we treat profitable ones.

However, on the other hand, successful traders, instead of ignoring losing trades like most traders do , they confront the possibility of being wrong, and therefore they know how to take a loss without hesitation on right time. This is why it is so important to learn to love taking a loss. It sets you in an even better position to take on winning trades.

Due to the high volatility, the Forex market is always changing. There are some months with strong and precise price actions while there some months where the price actions move sideways leaving unreadable price actions.

So as Forex traders, we cannot filter out which month is going to be profitable, all we can do is go through every month as normal and executing trading opportunities when it present according to the trade plan while prioritize on managing risk. Therefore stop getting frustrated after having a negative month.

As long as you profitably complete the trading year, you can always compound your trading result and can grow your trading account into a big one. Money management refers to the method of monitoring and planning the use of capital by an individual or a group. In personal and corporate finance, money management typically entails budgeting, spending, saving, and investing. In trading, Money management is a strategy for increasing or decreasing the position size to limit risk while achieving the greatest growth possible from a trading account.

Note how both definitions focus on the growth of the capital not the downside of the capital. To protect your trading capital you can use the risk management, and money management is for geometrically growing your trading account.

There totally different as the earth and the moon. The main object of good money management is to focus on one thing alone, and that is account performances. We recommend the fixed ratio money management method. One of the core benefits of this method is that it gives you more control in drawdowns. As traders all we can do is, participating in the movements while controlling what we can control.

Here are things what we can control,. Therefore, put your best focus to control what you can control. If you do that, You can easily control and overcome the problem of your psychology side your trading. Let me ask you a question, How do you define a consistently profitable trader? For me, it is someone who talented at placing and managing their trades.

Also keep in mind that, as traders, our first job is capital preservation. So make a habit to think like a Risk Manager. In fact in his book Trading in the Zone, Mark Douglas also defined traders as Risk Managers. So instead of following trading signals from others, Be engage with the market and get experience, and through that be an expert in manage your trade precisely. The largest group of consistence losers is composed primarily of doctors, lawyers, engineers, scientists, CEOs, wealthy retirees, and entrepreneurs.

Above phrase is a copy from a Trading in The Zone by Mark Douglas. According to the above phrase, he clearly defined trading in not a game of intelligence. Now you are probably thinking if smart guys even fail, How do I become a successful trader, Is it even possible? It is all about having a mindset, a unique set of attitudes, that allow you to remain disciplined, focus, and, above all, confident in spit of the adverse condition.

A great start point is to start with general trading knowledge. Read everything thing you can read for free. Then instead of open a trading account and trade it right away like most beginner traders do , start reading trading books related to trading psychology, these books put you in a better position to face any adverse condition you will face in the market.

I wish you good luck, and profitable trades. Best Forex Trading Strategy. Since news events create higher volatility price action behaviour, we as traders need to make a trading decision within a snap of a finger. This is why it is so important to learn to love taking a loss. Related — Reversal Trading: The Definitive Guide. The Secret Method Trading System Anatomy:.

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