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Phase 1 - Master The Basics
PHASE 1 – MASTER THE BASICS
PHASE 1 – MASTER THE BASICS
DEMO ONLY:
DEMO ONLY:
We are trading in demo only until you reach Phase 3.
Goal:
Goal:
To understand that success in trading is 5% about the trading, 95% about acting like a successful trader. Developing the habits of what makes a successful trader. The biggest goal here is to take trades on automatic, following the rule and we DO NOT CARE if it wins or loses.
Establish these key trader habits
Following strategy rules strictly
Journaling (placing the vertical lines on chart for entries)
Recording performance (recording your trade stats in the tracker)
Winning or losing trades does not matter
Establishing the habits of successful trader (master the 1st 4)
"TRADING RESULTS DOES NOT MATTER, it’s the process that makes the difference"
"TRADING RESULTS DOES NOT MATTER, it’s the process that makes the difference"
Time Required:
Time Required:
30 days minimum
Completion Requirements:
Completion Requirements:
Do not break strategy rules
Do no revenge trade/over leverage/gamble
Journal every trade on Trading View
Record performance every week and month total
Have no care about winning or losing, trade like a robot
Phase 1 is the most important of all phases, we are establishing the foundation for being a successful trader. Do Not Rush, Do Not Cheat!
Phase 1 is the most important of all phases, we are establishing the foundation for being a successful trader. Do Not Rush, Do Not Cheat!
Many will find that within 30-60 days of doing this 100% of the time, you will all of sudden be profitable, no matter the strategy you are using or how many strategies you have jumped between in your trading journey. Once you really have the cognition that its never been the strategy you will start to enjoy trading and look forward to the possibilities.
30 Days Completed - Book a Zoom with your Mentor/Enroller
30 Days Completed - Book a Zoom with your Mentor/Enroller
They will review your progress an confirm if you are ready for Phase 2
Phase 2 Entry Requirements:
Phase 2 Entry Requirements:
Pass all the goals
If you breach any of the completion requirements in any area then you repeat another 30 days,
Once you have the cognition that it's the habits that makes the difference
You cannot move to Phase 2 until you have passed Phase 1 – your mentor/enroller will approve
Your mentor will also consider:
Was the strategy suitable for your time availability, your style, and risk appetite? Work with your mentor to find alternative strategy if not suitable.
Repeat the process with the new strategy if you change
Go To: Phase 2 – Review & Refine
Go To: Phase 2 – Review & Refine
Useful Trading Resources
Useful Trading Resources
This is your hub for upcoming news that will cause volatility in the markets. Bookmark and download the phone app
Take the school of Pipsology in addition to the academies to understand the market in greater detail. Bookmark this site.
Journal your trades, win ratio, pips, calculate lot sizes and more. Every trader who is really serious about success does this process!
Currency correlation chart on mataf.net. Allows you to see how pairs move in relation to each other. Bookmark this site.
Keys To Success
Keys To Success
📈 Master The Basics. Take Your Time!!!
📈 Never Ever Quit. You can only fail if you give up!
📈 Treat Trading Like a business you have invested your life savings in
📈 Record all your trades in detail (include Entry, Stop Loss, Take Profit) Record the rules you took, or broke, to enter the trade. Record your trade management - did you exit to early, did you move to break even and when, did you increase your Stop Loss.
📈 Review each Trade, win or lose. Track the data and see why you won or lost. You will find what works for you and take your trading to the next level. You must do this if you are serious about being a successful trader
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