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Abstract:Do you want to understand how to make all of the money you just put into your trading account vanish as quickly as possible? In less than ten days?
Do you want to understand how to make all of the money you just put into your trading account vanish as quickly as possible?
In less than ten days?
Here's how to do it step by step:
Step 1: Invest in a high-end computer.
Don't forget to obtain at least six 27 UltraHD 8K monitors and install them all on a beautiful display stand so you can see your price charts while simultaneously watching CNBC, Bloomberg TV, Fox Business News, Reuters TV, and Cheddar!
To trade successfully, you'll need EVERYTHING on this list!
Don't overlook Herman Miller's luxury ergonomic chair, which is precisely aligned with your spine's natural curve.
Once you've purchased them all, sit back and watch your trading account balance soar with earnings! That colossal electricity bill from all your gadgets will seem like pocket money.
Step 2: Concentrate on locating the ideal technical indication.
It'll be like having an ATM machine in your kitchen once you locate this mysterious technical indication.
Trade a lot of money? NO!
Because of all the positive pips, your six UltraHD 8K computer monitors will all light bright green!
Step 3: As soon as your technical indicator indicates that the currency pair is oversold, purchase it!
Always follow your chart indicator's instructions.
Never. It is always correct. As is customary.
It makes no difference whether important news is out or price action is telling you something different.
The indicator is far more powerful than your little mind.
Step 4: Pay little heed to the world's largest countries' current or future economic prospects.
Who gives a damn about global economics and geopolitics? Economy, schmonomy? That's a pain in the neck!
All you have to do is gaze at your charts all day until a profitable trade pops out of nowhere.
Trading is essentially a stare-down between you and the market. The person who blinks first loses. So make sure you focus and stare at something for a long time.
What does it matter if your eyes start to bleed? Don't worry about it. Persist in your efforts. It's just blood in the eyes.
Profits will eventually come. It's truly that simple.
Step 5: Go to a few forex trading forums and read all of the threads till you uncover some hot trading advice.
If you can't locate any hot trading advice, send a private message to complete strangers asking for forex trading recommendations.
It's best if you don't know anything about them. That way, it's more mysterious. It also makes trading enjoyable!
These suggestions are completely free and will help you become fantastically wealthy in no time!
You might even find people commenting about their magical technical indicators or EAs with 137 percent win rates if you're really lucky.
Step 6: Pay attention to what other traders are doing and make a point of following them blindly.
It's a no-brainer to follow other traders. You don't even need a brain to do it. So don't be concerned about your feeble mind.
Simply mimic their trades without question.
These people, according to their profiles, have been trading for a lot longer than you, so they must know what they're doing. Right?
Why am I bothering to ask you a question? That necessitates consideration.
Go ahead and begin duplicating random trades right now. The sooner you get started, the more quickly you'll be able to accomplish your ideal Instagram lifestyle.
Step 7: Don't bother with a trading strategy. If you spot a nice deal, take advantage of it.
It's best not to dispute with Nike. Even if their tagline is aimed at athletes rather than traders. Just go for it. Yours is the victory.
Forget about establishing a trading strategy. Don't stress about how or when you'll go.
Don't worry about the specifics. The trade is certain to succeed. It's going to be a slam dunk.
Step 8: Dream about how much money you'll make rather than how much money you'll lose.
Don't be concerned about position sizing.
What does it matter how much money you can lose on a trade? And how much money would you have to make simply to break even?
Consider how much money you could win! Then figure out how to get to the nearest Ferrari dealership or Hermès boutique.
Step 9: Avoid using stop-loss orders. That is reserved for losers.
You've come out on top. You are successful in every endeavor. You only have one goal: to win. DJ Khaled, for example. You exclaim, “We're the best trading!”
Stop losses are only used by losers.
Even though your transaction is now losing money, you know it will eventually recover. Unlike everyone else, you always make money on your trades.
Don't be concerned if your trade appears to be glowing red on your screen. Red is simply a color, just like age is just a number.
Step 10: Trade based on your feelings.
There's no need for logic; merely rely on your emotionally consistent feelings.
You buy when you're excited and greedy. You panic and sell when you're terrified.
Trading emotionally is how you will accumulate winning trade after successful trade.
That's how you feel, at least.
Final Suggestions
As many of the steps as possible should be completed.
You'll soon see that big fat zero beneath your account balance that you've always wanted to see.
You might even see a negative balance if you're lucky.
If you're very impatient and want to lose money even faster, you can vigorously repeat any of the stages.
But now you know what NOT to do if you don't want to blow your trading account in 10 days or less.
When they initially started trading, many traders committed these blunders.
I'm one of them.
Hopefully, you won't go down the same path as me.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
These champions have one thing in common: they not only work their butts off, but they also enjoy what they do.
"Patience is the key to everything," American comic Arnold H. Glasgow once quipped. The chicken is gotten by hatching the egg rather than crushing it."
Ask any Wall Street quant (the highly nerdy math and physics PhDs who build complicated algorithmic trading techniques) why there isn't a "holy grail" indicator, approach, or system that generates revenues on a regular basis.
We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.