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ELLIOT WAVE ADVANCED FOREX STRATEGY

ELLIOT WAVE ADVANCED FOREX STRATEGY

THE REAL TRUTH OF TRADING SMART MONEY VS DUMB MONEY. (ELLIOT WAVE ADVANCED FOREX STRATEGY)One’s man’s pain is another man’s gain.*The other side of the fence. Trading knowledge that’s the professional traders(Smart money) do not want the retail trader (Dumb money) to know.

How the trading industry is set up for the retail trader to fail?

  • ELLIOT WAVE ADVANCED FOREX STRATEGY 2
  • ELLIOT WAVE ADVANCED FOREX STRATEGY 2.1
  • ELLIOT WAVE ADVANCED FOREX STRATEGY 2.2
  • ELLIOT WAVE ADVANCED FOREX STRATEGY 2.3

Professional trader vs Retail trader:

  • The difference in the trading mindset of a professional trader(or a winner), and a retail trader(or a loser)How to achieve in forex constant profitability with strategy?
  • How retail trader can emulate a winner’s attitudes?(Forex Strategy)

1. How the forex market has changed over the past few years?

2. Why small traders or retail traders failed 90% of the time in the forex market With any strategy?

3. Is it possible for a retail trader to be profitable in present market conditions?

ELLIOT WAVE ADVANCED FOREX STRATEGY
  1. How the forex market has changed over the past few years? Since the 2008-2009 global financial crisis, professional traders have: ELLIOT WAVE ADVANCED FOREX STRATEGY.
  • Since the 2008-2009 global financial crisis, professional traders have:Professional trader develops an algorithm to target small traders over smaller time-frames.Retail trader is competing in a “Race to Zero” due to this powerful algorithm.
  • Price manipulation on smaller timeframe to target trades of retail trader has, therefore, increased.
  • Smart money uses this algorithm to take the other side of retail traders’ position.
    • Due to these changes, Retail traders are losing money while trading using :
ELLIOT WAVE FOREX STRATEGY

“In the end, retail trader ends up blowing their accounts by taking high leverage trades.”

ELLIOT WAVE ADVANCED FOREX STRATEGY

Another phenomenon professional traders believe in (The 90/90/90 phenomenon )

Professional traders have to build up the trading industry in such a way that 90℅ of retail traders, lose 90% of Their deposited margin over first 90 days of their trading”.
To Conclude, we have learned how?( Forex Strategy)

  • We ( retail trader) trade how professional wants us to trade.
  • Professional traders are, therefore destroying our accounts using an advanced algorithm, Market manipulation, and offering high-leverage accounts.

2. Why retail traders fail 90% of the time in forex markets With any strategy?

“The trading mindset of a professional trader.”

APPROACH – Systematic approach; portfolio trading over 2-3 months (daily, weekly, monthly chart); Trade position across different asset classes at all times.

RISK- Risk 1-5% per trade multiple l/S positions (10-20 )within the portfolio.Trade correlation to maximizer profit.

RETURNS- Returns reflected in long-term constantly; Realistic targets.10-15℅ annual capital growth, apply “risk advantage return”

“The trading mindset of retail trader”

  • GOAL- Long term capital preservation and growth.
  • APPROACH- Limited approach; Interday trading or scalping over 1min, 5min, 30min, 1H, & 4H timeframe always looking for quick returns.
  • RISK-2-3 position at a time; Risk more than 10-30℅ capital per trade;Hardly trade through a portfolio, no position over the “long term horizon”
  • RETURNS-Short term binary; looking to make quick gains using news release from the economic calendar; High-risk trading mentally.
  • GOAL-Slow capital destruction.

3. Is it possible for a retail trader to be profitable in present market conditions?

YES, By emulating what professional traders do by approach markets with:

1. Realistic approach

  • (Understanding what works and what does not wo .TradeS on larger time frame where the price is less manipulated:
  • 1min, 5min, 30min, 1H, & 4H timeframe (×)
  • I say 4H, Daily, Weekly & Monthly time frames( √)
  • Reaching your target slowly;
  • Unrealistic high exception (×)
  • Portfolio trading over few months to reach target returns (√)

2. DISCIPLINE: 

ELLIOT WAVE FOREX STRATEGY
ELLIOT WAVE FOREX STRATEGY

3. PATIENCE: 

  • Hold on to your winning position to maximize profits.
  • As part of this strategy, you will learn :
  • How to add on to your profitable positions.

Study price action to look for price reversal pinpoints entries and exit.

Next (see part 3)

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