Online trading of any asset, whether it is forex, stocks or derivatives is definitely a way to earn income. But, can you make a living trading forex?
Many in the financial industry are professional traders, it is a job for them. As an individual, can you make a living trading forex?
Many failed and give up because they jump into forex trading online because of the trading platform. Sure you need a trading platform, but you will not be successful with a platform alone.
I mentioned that you need the following 3 elements to be successful in any business venture. Knowledge and taking action which would produce the results.
The first step would be to ask yourself what would make you a successful trader. The answer is knowledge of how you can consistently identify and execute profitable trades.
Candlestick Patterns
Munehisa Homma created Candlestick patterns around the 18th century. He was a rice trader on the financial markets. People took notice of Homma after he successfully executed over one hundred winning trades in a row thanks to candlestick patterns.
When you read the names of many of the candlestick patterns, you’ll notice a lot of military references such as ‘three white soldiers’. This is because candlestick patterns were developed during war years in Japan.
Another naming convention that has suck are the terms ‘white’ and ‘black’. For example, ‘three white soldiers’ and ‘three black crows’.
The terms white and black refer back to the days when computer screens (and before that paper and pen) could not show candlestick patterns in color.
Candlestick Patterns Today
Candlestick Patterns are used in modern trading because of the amount of information they can display in a single bar.
They also appear much larger on a computer screen than the alternative OHLC bars, which can sometimes be difficult to read.
Even though they have been used for hundreds of years in Japan, it has only been over the last few decades that the western economy and the United States have made use of candlestick patterns.
Candlestick Patterns In The Future
Future generations may neglect candlestick patterns if not passed on. Technology will make us lazy and gloss over the importance and the power of candlestick patterns. But like Homma, we will just have to lead by example, use candlestick patterns to our advantage, and then maybe others will follow when they see the improved results from candlestick patterns.
Why Was Forex Brain Trainer Created?
Forex Brain Trainer was created by Chris Coney as part of his lifelong mission to lead people to financial freedom. In this case, earning an income trading from home on the forex markets using candlestick patterns.
The job market is challenging with a volatile economy. Freedom to earn an income from home is Chris' highest value, and he made it his calling to helping others to free themselves financially, emotionally, mentally and spiritually.
We all have a unique journey and are at different stages in life. Even though freedom in all 4 ways is the surest way to an extraordinary life, it’s best to take them one at a time!
For centuries, the vast majority of the world's population has been controlled by the minority. The small group of people in powerful positions have been using that power to keep the vast majority of people trapped so they can keep all the power and prosperity for themselves.
Chris strongly believe that he can contribute to changing this and now is the best time in history to do it.
2012 was the end of the old world. 2012 was the tipping point where the snowball rolled down the mountain. I believe that 2012 will be looked upon in history as being the point at which the freedom of the masses picked up speed.
Chris studied human existence for nearly a decade and hold a firm belief that financial freedom is where it all starts if you want to live an extraordinary life, a life on your terms. He believe that the human spirit, no matter who you are, is always for expansion and greater expression, which is just a fancy way of saying ‘freedom’.
To become financially free, we need to make more money in less time. That means disconnecting the relationship between time and money, and what better way for people to do that than by trading forex?
In his study on how the human mind works and what makes us tick, he came across forex. It interest him because it allows one to see a collection of what millions of people are thinking at any given time.
When he learned that success in trading forex was 80% psychology and 20% mechanics, and having failed to trade successfully himself because he lacked the psychology portion, he realised he had to do something.
Now this didn’t happen right away. he lost a lot of money in forex and didn’t trade at all for 3 years prior to coming up with the idea for the Forex Brain Trainer.
Once he learned about the power of the subconscious mind, he put the two concepts together and knew instantly that was the key to turning the fortunes of struggling traders.
His original creation was a simpler version of Forex Brain Trainer he used himself to train his own mind and improve his trading results. It was not intended for others.
Once Chris saw the difference it made, he knew he couldn’t keep it to himself. The result was Forex Brain Trainer and a mission to lead others to financial freedom.
Now, back to the reason you are here, can you make a living trading forex?
Chris believes you can by acquiring the knowledge and training your mind with the Forex Brain Trainer.