Become a Profitable Forex Trader in 5 Easy Steps

Search through the listings of second hand kitchens or appliances.

It cannot be done overnight. So, according with your experience, do you think it is possibile to make 5 or 10 percent of the entire capital daily? Then you will be able to send your file. Am 2months old in trading am happy to have met Chris as my mentor.

Before You Start Learning Forex

Glada vinnare i Årets Lokala Mediehus ! Det var ett glatt gäng som samlades i veckan för en segerrusig middag i Stockholm. I centrum stod de stolta vinnarna av .

It is the site of the national Swedish government, the Riksdag parliament , and the official residence of the Swedish monarch as well as the prime minister. Since , the monarch has resided at Drottningholm Palace outside of Stockholm and uses the Royal Palace of Stockholm as his workplace and official residence.

Founded circa , Stockholm has long been one of Sweden's cultural, media, political, and economic centres. Its strategic location on 14 islands on the south-central east coast of Sweden at the mouth of Lake Mälaren, by the Stockholm archipelago, has been historically important. Stockholm has been nominated by GaWC as a global city, with a ranking of Alpha-.

Stockholm is known for its beauty, its buildings and architecture, its abundant clean and open water, and its many parks. It is sometimes referred to as Venice of the North. Stockholm is the second most visited city in the Nordic countries after Copenhagen, with 1. What famous canal was built at the narrowest point between the Atlantic and Pacific oceans?

Africa - ZAR S. About Stockholm Stockholm Swedish pronunciation: View Currency Money Information for: Information about countries that use the US Dollar Currency: Information about countries that use the Swedish Krona Currency: Flags for countries that use the US Dollar Currency: Regarding your question about time frame, that article was an old article written by someone else because some others were used to write on LuckScout before I start writing.

I deleted the article completely and so your comment that was attached to it got deleted too. By the way, hank you for informing me about that article. It was really a misleading article which was against what we are teaching on LuckScout now. Yes, we only follow the daily, weekly and monthly time frames. Please confirm if my understanding is correct for daily charts.

After 5pm, Sydney opens. So during this session that you spend 30 minutes analysing the daily charts, and enter pending orders. For as long as it is filled before 5pm the next day. Do you care whether it is Friday, weekend, public holiday in the US? Which article talks about focusing the Asian session?

If it is the below one, then it emphasizes at the end of the article that following the short time frames is not a good idea: I am following your system of trading and I find it is definitely most reliable one. I have learnt so many things reading your article that I would never have found anywhere. You are a unique person who shares his knowledge and helps others learn without expecting anything in return.

I think we are very fortunate to have you to learn trading from. May God bless you. Hi Chris thanks for the information. Can you please or anyone here tell me of any reliable brokers in New Zealand or for those who want to trade from NZ. Hoping to get into it.. Unfortunately we cannot recommend any broker for some important reasons. Hope you will excuse us. Thank you for all the information you are sharing with us. Since I read casually your first article surfing on the web I am getting better results in my live account.

My question is if I have to close this account and follow your lessons opening a Demo account for the next three months or I can keep working with my current live account. I feel more comfortable with a live account because I deal with my emotions, something that I have learned during this last year. I have been working following Price Action and LuckScout signals but I lost my money because I was starving of getting my money back.

Now, following your daily articles I feel more comfortable and I am not expending all the day in front of my computer. Thank you very much again. You are one of the best person I have ever met! Keep sharing with us your knowledge, someone from Spain is waiting your comments every day. Do I have to open a Demo Account or do I have to keep my live account open?. My goal, by now, is to recover my money with patient and then follow with my system.

I am afraid your strong desire to recover your losses can make you follow your emotions. You are taking a bigger risk when you trade like this. You will always have time to recover your losses when you become confident enough in your trading.

So, if you ask me whether you should open a demo or keep on trading with your live account, I suggest you to open a demo to build your confidence, then you can trade with your live account.

Your question tells me that you are not confident enough yet. Happy and successful year. I wish you long life and healthy. Josef Thank you Chris for all. Great success for you and may good always bless you chris. Happy New Years Chris, I must thank you as you have contributed a lot into helping me as I learn to become a full time trader. Does it work that way? Today is my 6th day regarding learning. I just finish my meditation and seeking for a true mentor who can help me wholeheartedly how to learn.

I guess, I found the right one, Chris. Your prudence and self-business awareness are quite amazing I read 3 posts but I can figure it out. You have not only discussed about but also trading from a psychological point of view. I am quite sure you have achieved most of your financial goals except the biggest one creating a legacy. I am so lucky I found your blog so early of my learning and once again wholeheartedly thanks to you and your team for such an amazing altruist effort.

I will be writing regularly….. Hi Chris, I am glad to know LuckScout. I think you teach us what we need to know to be profitable traders.

I think is the best way to make a living and pay for my travels. But I know I need a lot of time and hard work in order to begin to earn. Can you tell me how much time do you think it take to begin making a living? Sorry for potential mistakes. English is not my first language. Thanks for answering me. Yeah, I get it. I heard of binary options. What do you think about that? Do you think I should start with binary options, or is it better?

I am talking in general. It is what I thought. Really thanks for your work. Hopefully, I will begin trading soon. However, here is the ebook you can download: Thanks again for your help. Hopefully, I will start trading soon. You follow each article from this page by clicking on the articles title link. You can download the e-book from here too: And sorry for posting the same message twice.

I thought I had failed sending the first message. Please do yourself a huge favor and do not open a live account yet. If you start with a live account without much experience, your dream may turn into a nightmare. That was before i discovered LuckScout. This is what Chris tells us again and again. It takes patience, but it can save you so much trouble.

By the way, the ebook is a sort of summary of the articles here on the site. I still think it is better to learn by reading the articles use this article as a starting point and to use the book as a handy guide if you forgot something and want to look it up quickly. Your site is not very famous among traders, but it is much better then most popular sites. So, according with your experience, do you think it is possibile to make 5 or 10 percent of the entire capital daily?

If it so, how many positions do I have to take to reach this goal, without risking more than 5 percent of my capital in a day? I just would like if you could help me to clear my confuse ideas.

Indeed, it is not good to set a daily monetary or pip goal. We just wait for the too strong setups on the daily, weekly and monthly time frames. The profit is what the market has to give us. I thought it is what right to have a certain percentual to achieve daily. How can I know how many trades I need to do dayly? And how can I recognize the strong setups? Start from here and advance step by step: Well, if you say so, I will.

But, at least, can I know the best duration for a single trade, or it depens on the circumstations? You said, short timeframes are not good. How long do you usually leave your positions open?

It depends on the conditions. It is impossible to say how many trade setups we will have every day or every month. Is there a minimum duration per single trade you can recommend? We hold the positions till they either hit the stop loss or target. It is not clear to us how long it takes. This site is absolutely brilliant! I have never seen something so detailed and clear before. Hello LuckScout team, thanks a lot for this massive content of relevant information about trading.

For me as a beginner the page is overwhelming. As I said it is a criticism but please it is only well meant! I appreciate your work and if you may have time to consider it, it would make me happy. Sorry to hear that this page looks confusing to you. One way I can figure out is that you leave this page open and then right click on each of the articles titles from the beginning and open them on a new tab. You can highlight the titles, so that you know which one you have opened and read.

Just please start from the beginning of this page. There are certain words and phrases in each article, that are automatically turned into links. Take this article for example, in the first paragraph, those phrases are: I did not understand this at first and read a lot of them and like you, became overwhelmed because this site contains hundreds of articles.

And indeed there are some more numbered links in the linked articles. But if you look closely, most of them the links inside the links are also in one of the lists of this main article. The same goes for a lot of other links. No, we look for the individual trade setup that form on any of the daily, weekly or monthly time frames. You are an excellent mentor and very grounded person.. Not sure if you allow me to translation this great article into Chinese and some others maybe in the future?

The copy right will be your for sure. You might have different concerns, such as the quality of the translation so it is understandable if you want to keep it in English version only. I think it is better to have the articles in English. Any translation can hurt the real meaning of what I was trying to say. Am 2months old in trading am happy to have met Chris as my mentor.

After going through every link in https: Am using daily and Ihr times frames to follow the market. Thanks alot chris and all LuckScout contributors for such priceless information you offer for free. May the Lord bless you more. Am now at least confortable now with candlesticks and DBB strategy. I owe YOU my successs because you have saved me and many others who were struggling to make it after blowing two live account and you increased my ambition to learn.

I have done a powerpoint photo album from photos with motivational statements on trading I got from Wise Fx Traders Network. I wanted to find out if I can share it here on LuckScout. Please contact us at https: Then you will be able to send your file. We will be more than happy to share it on LuckScout. In addition to this, you can open a topic on our forums and share your file from there too. What I am worried about is that whether those people allow us to share their photos on the site.

I think we have to ask for their permission before doing it. Thank you so much for your response. I amso happy to be back on your list.

I was getting your daily Emails but could not make any comments. Well I tried emailing you to tell you, but I kept getting messages that the emails were undeliveraable to your addresses. I bring this up because it might have happened to others. In addition to that, I would like to register for your new program which is coming up, and you discussed a few weeks ago. Thanks and glad to be back. I am almost ready to open a small live account. I realize that I need to stop pressing the button every time I find a so so trade setup.

I need to trade like a predator and not be the prey…I need to be patient, control my emotions and wait for the too strong setups! Profits will come if I do these things…!! The challenge for me is to not jump around and stay on task as I take each lesson step by step. This is really great that you have a background about and trading. You are several steps ahead of others. I suggest you to learn the strong and profitable candlestick patterns that I follow, and you are done.

I published an article about these patterns yesterday: So, there is only a few or few articles that you have to read to start trading. After that, please master these candlestick patterns through demo trading and make sure to repeat your success for six consecutive months at least.

Then you can start with a too small live account: I have always the same problem but Now I am trying to focus. Sometimes when I dont understand things I get so frustated but I dont let it be a permanent depression rather I study more. I traded for a long time. But Now i understand what is?

So many great article here are enough for trader to be professional. Hi Chris, Thanks for all that you have done. I have been day-trading options and index futures for many many years but without much success. Trading is a tough business.

Thanks for showing us the right way. Abundance is indeed available to all who are ready to work and receive it. I will contribute as much as I can back to this wonderful community as I learn the 5 Steps all over again. Just a quick question: How do I determine what time in EST does a daily close as different broker uses different server time?

I am currently on the CM server: As a first time visitor to your site, I find it very simple and informative. I will use as a source of information to develop my trading skill in the future. Chris with your team. I hope I could be able to make my account grow slowly and steadily. I took a position at 1. I entered at 1. It was a 0.

Can you please tell me how can I calculate my pips number? Thanks a lot, sir. Now the works is much easier for you. Just wait for the strong candlestick patterns and trade the long time frames: I felt funny that this site is so addictive. Not here on this site, but from the e-Book you guys provided us with. Much simpler and much easier to refer in case if I forgot something.

Am I missing something here? Peter adds the new articles and points to the e-book once in a while, and so the new version comes which is more complete compared to the previous one.

I am a new to the LuckScout but I find it very informative and simple to trade. Great work Chris and your team. I couldnot download your ebook Please w8tn eagerly for u r ebook that would be the Holy book for me. However, I would still love to have that ebook if possible. Chris, in any case my appreciation for you is certainly endless for sharing your knowledge with us and that for free. You can download it here: I mean where is the window to put the target profit, the stop loss, if I choose that the price goes down or up, etc..

I traded with Binary Options which you have to choose the movement of the price, up or down and the time. Do you have any videos about this or article? Please take a look at the MT4 articles here: Thank Dear Chris if can one day see you i hug you and kiss and kiss you. I can see there are many videos about Technical Analysis here.

But I also see the article about Strong Trade setup, and not taking too much analysis in the chart to get confused posted by Kamel. I want to ask that what I should follow Chris, do I have to come over all those videos about Chart analysis here??? My email is …, if you can please send me your Skype ID so that I can talk to you. I always want to have a friend who is a professional trader.

Could you please tell me how to download your ebook? Thank you very much. You know Chris, I am following as it is whatever you recommend here though I am a continuous trader since Now, I can understand how fool I was!

My previous trading set up was all wrong though sometimes I could achieve some but average, I became failure. You know Chris, when I got this site, for some minutes I was just thinking that how lovely and helpful buddy, Chris you are who sincerely, honestly and frankly share his knowledge by teaching on Fx which is very very important for every types of trader.

Only for you and your creative team, we are save now in this challenging market. You save us from not only our account balance become wiping out but also save us from this challenging market being removed for forever.

I firmly believe;following you, just only following your method I must be succeed, indeed. Not only I simply believe it, I feel it too strongly. Im in middle of the second step I mean Learn a Trading System. Can I start demo account? Can I start a demo account and read complementary articles as parallel?

I think I have learned all articles that I have read before. I am so very happy to have found your site and thank you so much for your teaching and your time for putting all your knowledge together. I consider myself very lucky to have become one of your students. I am really thankful for all your efforts to give us such comprehensive teaching for free. I am so happy to be part of your community. Please do keep up the fantastic work! Genuine Newbie so be gentle lol.

My aim is to spend the next 1 — 2 years or however long it takes to make trading take me into and beyond my retirement, which is looming ever closer. Is this system for me? From the comments on here I get the feeling that slow and steady wins the race. Finally I have found an article that I can say is the table of contents. I see from the list the articles I have covered are all grayed out.

Now I am starting from the top and read every article, I will not repeat the ones I have read because they were so clear such that I remember everything. This is a happy Easter for me, in fact I started reading here a few days ago, with each article I read I am left with lasting knowledge on the topic discussed.

Thank you for being the great writer that you are. Every topic I have covered, was so easy to understand that I did not even need extra supporting information. You make trading so easy. I can safely say my technical analysis and the basic understanding of will boom when I am done with you. I wish you and your team all the success you desire. What you have shared here is more than enough to almost guarantee me success, it is how I use it that will determine everything.

And such a good article all about here. I learned some candle language. Do you provide any training in person? I wish to learn more. Hello Chris from few days we could not find articles category wise… like when we used to go to trading section there we could find different sub categories like money management, candlesticks etc but now we could not find them.

Hey Chris, I absolutely do not know how to thank you for everything you have taught us! Uditha directed me to your forum and that changed everything! Even though I have not earned much yet we know that we are on the right path thanks to you. What you are doing is something invaluable. You make us what we wanna be. I feel like I owe you so much Chris. Best thing I can do to repay you is guiding fellow traders for nothing in return.

Which Uditha and I have done recently. Sharing your wisdom enlightens people chris. Bless you and your co. Thank you for your kindness. I am glad you like what we do here. Still there are a lot to come. Make sure to read our new e-book: Truly thankful to you! But I will never give up.

I promise you that If me and my friend achieve what we are after we ill come and see you in person and thank you guys! Sir, I really look forward to join your proven strategy. As soon as i get out of it and as soon as i make enough money to invest in your team, I definitely will.

I wish you and our fellow team guys all the guts and nuts to chase what you are after. We will join forces! The link to download the e-book is broken, opening https: For example, all the candlestick articles can be found here: Before you learn the trading techniques, there are two very important things that you have to note: This eBook shows you the shortest way to acheive Financial Freedom: Just before you go, did you check This System?

Make sure to do it now, otherwise you will regret. A Forex Trading Plan: Is It worth to Become a Forex Trader? How to Become a Professional Forex Trader? Article by LuckScout Team.

September 23, at 9: August 28, at 8: