So You Need To Be A Dealer – Common Buying and selling Method and FAQs – Different – 6 February 2024


**** IMPORTANT PLEASE READ AND UNDERSTAND THIS BEFORE TRADING ****

  1. TRADING SUCCESSFULLY IS BASED ON PROBABILITIES, THIS MEANS THAT YOU ARE RELYING ON SOMETHING THAT HAS PASSED BEFORE TO BE REPEATED.
  2. NO-ONE CAN KNOW THE FUTURE SO THIS IN ITSELF CARRIES AN INHERENT RISK.
  3. THERE IS NO RETAIL TRADING STRATEGY THAT WINS 100% OF THE TIME, THAT IS A FANTASY. ALL TRADING SYSTEMS TAKE LOSSES OR GO INTO PERIODS OF DRAWDOWN, >>> THIS IS NORMAL <<<
  4. TO TRADE SUCCESSFULLY YOU NEED TO ACCEPT THAT THERE WILL BE LOSSES. I REPEAT, THERE WILL BE LOSSES, ACCEPT THIS AND MOVE ON.
  5. TRADING SYSTEMS THAT WORK HAVE MORE FINANCIAL WINS THAN LOSSES, ITS THAT SIMPLE.
  6. WITH EACH LOSS COMES EMOTIONAL PAIN, THIS IS THE MOST DIFFICULT PART OF TRADING FOR PEOPLE TO ACCEPT.  IF YOU CANNOT ACCEPT THIS, THEN YOU WILL NOT SUCCEED, YOU WILL GO INTO REVENGE CYCLE AND INCREASE YOUR RISK TO TRY TO COMPENSATE AND THIS IS WHERE YOU WILL BLOW YOUR ACCOUNT. BE HUMBLE AND ACCEPTING, TEST EVERYTHING AND SET YOUR RISK PROFILE TO A LEVEL YOU CAN ACCEPT. 
  7. IF YOU FEEL EMOTIONAL PAIN WHEN TRADES ARE OPEN OR WHEN YOU TAKE A LOSS THEN YOUR RISK PROFILE IS TOO HIGH, THEN INCREASE YOUR CAPITAL AND LOWER YOUR RISK.
  8. BACKTEST BACKTEST BACKTEST, THIS WILL FAMILIARIZE YOURSELF WITH THE ASSOCIATED RISKS, THIS IS YOUR MONEY, YOU NEED TO UNDERSTAND ALL THE RISKS.
  9. BACKTEST AND DEMO RESULTS WILL NOT BE THE SAME AS LIVE RESULTS DUE TO EXECUTION DELAYS AND SLIPPAGE, PLEASE BE AWARE OF THIS.
  10. ALWAYS TEST A NEW SYSTEM LIVE WITH MINIMAL RISK BASED ON YOUR EXPERIENCE IN BACKTESTING UNTIL YOU ARE COMFORTABLE WITH HOW THE SYSTEM BEHAVES LIVE.
  11. NEVER RISK MORE CAPTIAL THAN YOU CAN AFFORD TO LOSE. IN CERTAIN CIRCUMSTANCES YOU CAN LOSE MORE THAN YOUR BROKER DEPOSIT. 
  12. THERE IS MORE THAT ONE WAR IN THE WORLD CURRENTLY, THESE AFFECT GLOBAL FINANCIAL MARKETS, THE CURRENT FINANCIAL MARKET IS NOTHING LIKE THE FINANCIAL MARKET PRIOR TO THE WARS AND GLOBAL PANDEMIC, BE AWARE THAT CURRENT MARKETS ARE THE MARKETS YOU SHOULD BE FOCUSSING ON, AND FINANCIAL MARKETS ARE EVER CHANGING.

**** DON’T SWEAT THE SMALL STUFF ****

**** CAVEAT LECTOR ****

    FOREX TRADING IS NOT FOR EVERYONE, AND WITH IT THERE CARRIES AN ASSOCIATED HIGH RISK.  DEPENDING ON MARKET CONDITIONS YOU CAN LOSE MORE THAN YOUR INITIAL DEPOSIT.  CHOOSE YOUR BROKER, STRATEGIES AND RISK MANAGEMENT CAREFULLY BY DOING YOUR OWN RESEARCH BEFORE PURCHASING. PAST PERFORMANCE IS NOT NECESSARILY A GUIDE TO FUTURE PERFORMANCE. I WILL NOT ACCEPT LIABILITY FOR ANY LOSS OR DAMAGE, INCLUDING BUT WITHOUT LIMITATION TO ANY FINANCIAL LOSS WHICH MAY ARISE DIRECTLY OR INDIRECTLY FROM USE OF OR RELIANCE ON SUCH INFORMATION EITHER PROVIDED BY MY PRODUCTS OR OTHERS THAT PARTICIPATE IN THE SERVICES PROVIDED AND MOST IMPORTANTLY, ONLY INVEST MONEY THAT YOU CAN AFFORD TO LOSE! **** ONLY PURCHASE IF YOU HAVE READ, UNDERSTOOD AND AGREE TO THE ABOVE STATEMENTS **** BY PURCHASING YOU ARE AGREEING THAT YOU HAVE READ AND UNDERSTOOD THE ABOVE STATEMENTS **** 

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