HOW I MAKE A MILLION DOLLARS A YEAR TRADING FOREX
My first year trading fulltime I made $75k. Fast forward 5 years I’m on pace to make over $1,000,000 this year. Heres how I did it: 1. Process > Profits Becoming a process-oriented trader greatly benefited my long-term success. I concentrated on identifying good setups and practicing discipline. The profits followed naturally. 2. Dont be greedy To become a consistent trader, I ad to get comfortable with taking profits. Many individuals let their trades turn negative due to greed, always desiring more. 3. Cut your losses. If a trade moves against me, I stick to my plan and cut it, then patiently wait for the next favorable opportunity. I learned the hard way that holding onto losing positions and averaging down led to significant losses early on. 4. Simplicity is key For me, a basic trading plan based on supply and demand has consistently outperformed complex ones relying on multiple indicators and entry systems. 5. Size up slowly As soon as I achieve consistent profits with