In the Forex Strategies Guide for Day and Swing Traders 2.0 I discuss a detailed, yet simple, process for becoming a successful trader.
One step is going through historic charts, and in real time, finding examples of what I discuss in the book; not in a demo account, but on a free charting platform like FreeStockCharts.com. On a site like this you can look for the examples and setups discussed in the book, without the added distraction of the “play money” in the demo account. Practice seeing the setups before you practice trading them.
For those unfamiliar with FreeStockCharts.com, it’s a free site, and in this video I highlight some of its uses so you can start monitoring markets in real time, finding setups, practice spotting trades…and getting yourself prepared for successful live trading.
(Noticed I missed saying a word when I talk about Log and Arithmetic charts…I’m saying the move from 2.50 to 5 is the same as a move from 60 to 120 on a Log chart, because they are both the same percentage move. On a Arithmetic chart these moves will look very different, because the arithmetic chart has a fixed price scale, whereas the Log chart adapts the price scale to percentage moves).
Checkout how to get the most out of this free software, in the FreeStockCharts tutorial video below.
Unfortunately, FreeStockCharts.com doesn’t work on the Chrome browser.
Trading is one way for people with desire, discipline and the willingness to put in some time can earn an income from anywhere in the world. Check out The Forex Strategies Guide for Day and Swing Traders 2.0. It leads you step by step through a process for becoming a successful traders, as well as providing strategies and trading plans you can use to build your capital in a risk controlled manner. This eBook is a complete course on forex trading, from basics to advanced tactics.
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