Introduction:
You can make 1% a day trading. It sounds like an impossible claim, but it's possible and I'll show you how. But first, let me introduce myself: My name is Frank van Puffelen and I'm the founder of 1PercentDaily.com. I started investing in 2007 and since then made my first million dollars at the age of 21.
How are you? I am guessing that you are an active market participant and have an interest in Finance, Cryptocurrency, and Trading. You see, I have a solution that can help you make 1% a day with ZERO risk and compliance on Forex (FX), Cryptocurrency, Commodities (Oil, Gold, Silver, Corn, etc).
Here Are Some Tips to Make 1 Percent a Day Trading
Making 1% a day trading forex is not something you should expect to do on a consistent basis. Getting 1% per day is a very high return on investment that will require significant amounts of risk. If you are interested in trading forex, here are 4 things you should consider:
1) Your Trading Plan
As you know every successful trader needs a trading plan. A trading plan can help you make informed decisions about what to trade and when to trade it. A trading plan will help keep you honest, and it will help you develop good habits for long-term success.
2) Discipline
A lack of discipline is the number one reason why 95% of traders fail. You need to develop the discipline to adhere to your trading plan no matter what. You also need to have the discipline to take profits and let losses run, or at least cut losses short quickly.
3) Risk Management
Managing risk wisely is perhaps the most important thing you can do as a trader. If you don't manage risk properly, then there's no way you'll be able to stay in the game long enough to become successful. Always use stop losses and never let potential losses run out of control.
4) Money Management
Money management is all about ensuring that you have enough capital to fund your lifestyle and reach financial goals. Although this may seem like a simple task, individual investors often fall into the bad habit of spending money on items beyond their means.
The key is to spend within your means and establish a budget of essential expenses along with discretionary expenses. That way, you can save for the future while still enjoying yourself in the present.
Conclusion:
A 1 percent gain on one hundred can be a thousand. On 1000, ten thousand. With that kind of money, you can take an extra week off (3%) or enjoy a weekend away in a five-star hotel (9%). It's not a huge sum, but the reason this technique works is that it relies on the power of small gains, and consistency. If you can afford to put in your hundred dollars per day, you can afford to practice this form of "paper trading" and see how far your averages can go.
There you have it—the basics of trading and the rules for technical analysis. Keep in mind that this isn't a definitive guide to day trading—there are some situations that I didn't cover here, such as using market makers, locating trader groups, and so on. However, this should be enough to complete your education for now and give you a solid foundation for success in the world of day trading.
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