After the series of articles released by Market Leader and telling about Masterforex-V Academy traders making thousands of points as monthly profits when trading Forex, we started getting a whole lot of requests and questions:
How to find out more about the successful traders?
How to learn their strategies as well as tips and tricks from them?
How to become students and learn from these guys?
And so on…
Indeed, all those catchy ads promising a ton of money in a matter of weeks or months do look tempting. Bit in reality in order to start making money in financial markets, it is necessary to become at least an advanced trader or even an expert trader with a lot of expertise as well as all the necessary skills and the right mindset.
That is why Market Leader decided to interview some of the most successful FX traders within the scope of Masterforex-V Academy in order to get the answers to some of those frequently asked questions. These guys developed 2 indicators - АО_Zotik and WPR_Vsmark – and introduced the SRP strategy, which is why their department is called the SRP Department of Masterforex-V Academy.
Is Forex or any other financial market actually suitable for long-term profits? The thing is that only 5 to 10% of traders are successful, which leads us to believe that this is not a wise business to do for an average guy…
It is absolutely possible to make money in financial markets including Forex. To be more specific, the gradation of traders is slightly different. All FX traders can be divided into the following groups:
1-habitual losers
2-occasional losers (more losers than winners)
3-breakeven traders
4-occasional winners
5-winning pro traders
The mentioned 5/95 or 10/ 90 ratio is the ration between group 5 and the remaining groups. So everything is not that bad. Still, everyone wants to belong to group 5. How to do that? This is another story…
Almost anyone can become a winning pro trader provided that they really want it and are ready to stay committed and to devote enough time, money and effort to it. They say the devil is in the detail which means that it is details that separate the best from the rest. The very details are the things wee need to learn, master and make it our second nature in order to really succeed in what we want to succeed in.
More often than not, in Forex trading we see the details through our trading strategies. Indeed, a decent trading strategy is the thing that makes most of the job in terms of generating the very-long-term success we all strive for.
A decent trading strategy is a certain set of rules backed by expertise and tested by time and experience. This holds true for any strategy out there that is worth at least anything.
Do you mean it is impossible to trade Forex without a trading strategy?
We want to make ourselves clear – you can trade Forex without a strategy but you CANNOT be a successful trader in the long run without a strategy! You can press SELL or BUY even if you don’t know anything about financial markets. Still, without a solid base, this is going to be a guessing game with a predictable end for such a trader, which is not in his/her favor.
“To trade” and “to make money” are not always identical notions. There are many pitfalls on the way and the more decent your strategies is, the fewer pitfalls you come across and the easier it is for your to overcome or avoid them.
You can come up with your own strategy but it will require a whole lot of time, effort and expertise. If you wont a shortcut, you need a professional coach getting you up and running relatively fast. It is very hard to become a self-taught professional in any field of human activity. Professional coaching is the best solution. That is why we all go to school, college or university.
Theory is not enough. It should be put into practice at all times. You need a coach to guide you, to share his knowledge with you, to test you and supervise you. This is the only sure and short way from rookies to pros.
Do you think your trading strategy is the best?
No, we don’t. There are many decent profitable strategies out there. There are many ways to succeed in trading financial markets. The SRP strategy is one of them. We don’t know how many strategies are profitable. The only thing we know is that our strategy works and generate profits on a regular basis if used properly.
At the same time, it is crucial to start small in financial markets. If you start small and advance gradually and steadily, you will finally arrive at your destination. At first, a rookie should learn how to break even. Only then it is rational to start thinking about minimal profits and then raise the bar as you go more confident and skillful.
Let’s face it most of the rookies coming to financial markets today are gamblers or plain folks tempted by big promises made by FX brokers. Everyone wants to be rich and live a happy life. Still, most of them wants everything and right now, which is not the case in this world. In order to achieve something and to get the desired results, you need to invest some effort, time and sometimes money in it. In order to get something, you need to give something first.
We start small but dream big. At first learn to break even, then learn to generate profits. At first invest small amount s of money and then gradually raise them as you gain confidence and expertise. This is how our students progress. This is an example of how them trade within the first week of trading on live accounts after demo-trading:
The guys start breaking even and then boosting their profits a little bit – say, 3-5% of the equity.
Apparently, there are cases when guys fail at some point and see a drawdown. However, everything is set up the way that it is impossible to lose the entire equity. Eventually, they get out of the drawdown and start seeing profits anyway. That is the reason why we can afford to let the students trade on dedicated live accounts for real money.
It is practice that allows us to spot the discrepancy and misunderstanding / misinterpreting of our theory and eliminate all that to make every student a pro trader capable of making stable profits.
Usually it takes a couple of weeks to take a rookie up to the point where he/she is capable of breaking even easily and building up expertise while capitalizing on our trading strategy under our supervision.
If to follow he strategy rules strictly, the odds of getting stable profits are very high. This is the results shown by one of our students after 4 weeks of trading on his live account:
We can clearly trace a diligent approach to trading, which resulted in an 80% equity increase in just 4 weeks! If to keep up the pace, this is 1000% a year! This is just one of our best students. But there are many of them.
By the way, a lot of our students are currently some of the top traders at pro-rebate.com. You can use their accounts as master accounts to automatically copy their trading signals from and capitalize on that. Anyway, you still have a choice: You can keep on copying others’ trading performance… or you can become a master trader yourself. Can you do it? Yes, you absolutely can!
