How to be a succesfull forex trader in 2023

HOW TO BE A SUCCESSFUL FOREX TRADER IN 2023 _ JEREMY CASH Thu, Jul 13, 2023 3:21 PM

If you think having a Lambo, a Ferrari, a mclaren, a yacht, a $10 million penthouse is what makes you a successful forex trader. You've been watching way too much Instagram, way too much youtube. Way too much Facebook.You need to stay off if you feel me because that is not what makes a successful forex trader now. Although these people have these things and they're enjoying the fruits of their labor. You gotta go back back 10 years to see the work that these people put in. You will always pay for what you don't know. Hey, what's up? It's your boy Jeremy Cash Lava Direct today. I'm gonna show you another valuable, valuable video for you. I seen when I was driving 99 9 Crown vic. What was going on my people? Yeah. What's going on?You guys? This boy is in the market. I hope you're ready to see the car. Let's get it. It don't happen like that. You're not gonna get it instantly, right? So get that through your head. You want to become a successful forex trade.

Let me tell you how the first thing you need is a plan. A man or a woman without a plan is like putting a boat out there at sea with no destination. You're gonna be confused and you ain't gonna have nowhere to go. You know what I'm saying?So you need a plan plan where the money is gonna go, the vacations, you're gonna take plan it all out before you even start. That's your why that's gonna keep you going. You cannot go into the market blindly and expect to make money, right? So the second thing you're gonna need is a strategy you're gonna need a decent strategy, a strategy that you can use that you can count on.So what you need to do is be able to open you up a demo account fund, that demo account, watch various youtube videos by of course, if you have to whatever you gotta do, find you a strategy that you're killing in the demo, right? Once you kill it in the demo and you say, OK, this is the strategy that I like do not deviate from the strategy, do not switch it up, right? You can add a little to it. Keep your strategy the same.The reason why I say that is because what happens with a lot of new traders is that they start watching too many youtube channels, too many Instagram reels. And they're like, OK, well, this person is doing this and they made 40,000, this person doing this, they made 100,000 and you start switching so many different strategies and you confuse your own self to where you get overwhelmed and you're not gonna be successful that way, right? So find you a strategy, I say get a arsenal about three good strategies. Stick to those. Do not deviate from one of the biggest things you're gonna need is risk management, right? It's nothing worse than putting your money in there and blowing your account.We've all felt that it don't feel good. So you need to learn how to control your emotions and manage your risk. You cannot let greed and fear drive your trade, right? That's why you need to practice a lot in the demo. A recommendation is fund your demo account with the same amount of money, you're gonna do your live account. So that way you're gonna have the proper lot sizes, you're gonna have the proper risk management.So that way when you do put your real money in, it's not like, oh, on the demo, I was trading with 100,000 and I was doing 50 lots. You know what I'm saying? And then I put $200 in my account and now I'm only down to penny lots and, and you're confused on why you ain't been able to make it to work.And as far as risk management goes, you need to learn the proper lot sizes to use for your size account. Write out how many trades it will take you to get to your goal per day, you need to have a decent goal. So that way you're not over trading in the market, you're not risking way too much. Trying to be a cute bank.So trying to be a swaggy C or a mom, but you don't want to try to get to these levels out the gate because it don't work like that. You will kill yourself, you kill your, your account every single time. Another thing you wanna do to become a successful Forex trader is to look out for news. You need to have a news app on your phone. So I recommend my book. That's the one I use.I'm not affiliated with it or nothing but my FX book, it'll show you, you know, all the different pairs, it will show you when high news is getting ready to hit. So that way you're not getting spiked out in your trades and you enter a trade and then the candle shoots 30 ft in the air and you're like, what happened? You know, you need to look out for NFP. All these things you need to uh get familiar with.So that way when you are in the market, you know exactly what's going on. So that way you're not caught by surprise. One of the most important things you could do to become a successful trader is just play your own game. There is no competition in the Forex market. OK, it's a trillion dollar market. You need to find out how do I want my life to look? And when you figure that out, you will know exactly how much you need to make to fund the lifestyle that you want.All right, this is what our Mondays look like. This is what work should look like. Look at that man, one candlestick, $1200 for the day on that one done. Let's go. My bad job. That was actually 1400. Let's go. It's also important to only invest an amount that you're willing to lose. This is not a market where you want to come, bring your bill money in here. You gotta build this dude tomorrow. You trying to help and flip money.This is not that kind of market because you'll lose I statistics show that 98% of traders lose the reason why no risk management. They don't know when to get off the charts. If you're somebody who just loves trading, trade them all day, you don't got to use your real money. If you're somebody who wants to get rich quick, this is not for you. If you want to be a successful day trader, it's gonna take time.See, to harvest the seed is you planting the seed. You researching, you studying the market, you're studying candles uh candlestick patterns. You bought a course you're researching, you're learning, you're learning, you're learning time is gonna take time for you to fully understand it, the psychology behind it. All these other things that you're gonna need, you know, mentally to, to be on the charts you're gonna have to get familiar with and, and, and get used to losing money.Most people don't like losing money, but at the start of it, you're gonna be losing, you're probably gonna be losing a lot of money, but you cannot give up. All right, that's one of the most important things. And then harvest your harvest comes at the end after you put in all that work, the blood, sweat and tears after you got tired, after you blew a lot of accounts, eventually your harvest comes, you will then understand exactly what you need to do. Uh to make money.You'll be able to find the best entries. Life will just go smooth. So see time, harvest, once you got that, you're good to go. Just know it will take time. Don't rush it. Take your time. I'm gonna tell you one thing about uh becoming a successful forex trader for myself. It's the best decision I've ever made in my life. No cap freedom. I got so much freedom out of this. Like I literally trade 10 to 15 minutes a day. Make my money.I'm done for the entire day. I can go, you know, to the mall with my kids, I can go to their school events. I can travel any time I want to. And it's the hugest blessing ever. So, was it worth it? Absolutely. All right. So these are some tips you can use to become a successful Forex trader if you want to know how I travel the world using my credit card and Forex click this video right here and I'm gonna holler at you later. Peace.