I trust that once you have completed reading this ebook you will have a greater understanding of trading Forex, that you will carefully implement this strategy, and you will find success as a true Forex trader. To that end we will develop the entire system so that you are not just doing something without understanding, but you have understanding as well. The basis of any successful trading system must have a philosophy behind it. To properly address this method and to give you the best chance at success in using it, I will not just lay out a set of trading rules and steps. In addition, it would be impossible to be efficient at trading this method without The RSI Paint Indicator. I would like to make a disclaimer here however, that any trader who comes across this trading method without having read RSI Fundamentals: Beginning to Advanced (second edition) as a must, and suggested reading of RSI PRO: The Core Principles and RSI Trading Examples Vol.1 will be at a huge disadvantage.
#Rsi Paint Indicator pro
ģ I think The RSI PRO Scalping Strategy is the next step in simplicity. In his mind, the game of football has become simple. I actually think that is what Peyton Manning has done, but many years of practice have gone into it. Yes, I think it is possible to make trading simple. My goal was to make it simpler and easier. This is very gratifying but it also tells me I am on the right track when it comes to a trading system that anyone can trade and make money.
Many of those people are beginning to catch the vision that they could trade for a living at some point in the future. In the first two years of teaching the true concepts of RSI I have seen many traders begin to make money for the first time in their trading careers. My goal in starting You Learn Forex was to find a method of trading the foreign currency market that would allow nearly anyone to succeed. However, go to most books or trading schools and seminars and you will learn most of the techniques that will teach you to do one thing fail. Anyone who has read much of my work knows that most indicators are used incorrectly and many just aren t valuable enough to bother with. Most Forex trading strategies are built on false premises. Secondly, to win you need to be with a good team and you must have a winning strategy.
One of the main reasons was that most people never really see themselves as traders, they only hope they can be one, thus they never commit.
In my years of teaching myself Forex I have met many people who have called themselves traders. Why? Not all of us will do what is necessary to become a success. All of us can play in the game of Forex however and with the right strategy we can succeed. In fact, I did not even know what the term Forex meant. I didn t grow up to be a trader, I never thought of trading Forex until I was in my 50s. However, in Forex, we can acquire the skills to be a successful trader. We don t all have the physical skills to play in the NFL. One of the problems however in Forex, just like in football, is that everyone is not going to be Peyton Manning. That is how I view being a successful Forex trader someone who comes to work each day just like any professional, does their job well and then goes on about their day. He knows what he is going to do, when he is going to do it and he has a vision of success that more often than not, he carries out. He is prepared for every game and every play. Peyton Manning, quarterback for the Indianapolis Colts is an example of efficiency in a short time frame. 1 2010 The RSI PRO Scalping Strategy From You Learn Forex Paul Dean 10/8/10Ģ Introduction The goal of The RSI PRO Scalping Strategy is to make money in an efficient manner using short time frames.
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