“The Journey from Learning to Earning in Trading”

How Trading Works: The Hurdles

Conversely, trading is easy but darn difficult to make money.
In India, 97% of people lose money in trading; 3% profit.
The money gained by this 3% was the money lost by the other 97% running through the exchange. Thus, the 3% traders live a life full of luxuries.

Practicing with Virtual Trading

Using virtual money is among the best approaches to start trading because you can practice without risking real money.
You have no need to worry even if everything goes wrong.
On the other hand, MetaTrader platforms provide the traders with an opportunity to practice as they go on before trading them with real money.

Why You Must Maintain a Trading Diary

How To Become A Better Trader

Journals are a good way of avoiding the previous mistakes and help improve the strategies generally.
A millionaire said: “People don’t have time to learn trading but have time to earn money working for someone for 20 years or so.”

Strategies and Risk Management

Stock up on trading plans that you have practically worked on in readiness before putting them in action.
Risk management is vital; know if you are taking short positions or long.
Indicators like volume checkers, moving averages, Bollinger Bands, techniques of price action, etc. must be analyzed before placing a trade.

The Reality of Live Trading

One of the most common misconceptions after the introduction to full-fledged trading is the belief that no buy-in is needed, while in reality, real trading needs an investment to be put up front.
In order to be able to start live trading, stable income sources must provide basic needs above ₹20k+.

Crafting the Funded Trading

This is Forex trading that one feels provides for an inexpensive yet profitable way of making one’s money. (This is a personal opinion; every other opinion is equally valid as well.)
The brokers deciding Forex offer high power, (e.g., 100:1), allowing traders to control larger….
Then, the traders purchase a practice account for something like ₹20,000, with this STO or whatever it is capitalizing the firm’s client account with 50,000 to let her trade.

Two-Phase Challenge

Stage 1: The firm sets a goal of making a profit and a limit of cushioning for a loss. When loss tolerances are achieved, the funded account is simply closed.

Phase 2: Running the original profit target down while holding the loss parameters static.
The traders having had the chance of free practice on MetaTrader can now face these phases with ease.

Earning from a Funded Account

After completing both stages, traders are given an actual funded account of 50,000 dollars.
Profits are split:
70%-80% goes to the trader.
20% – 30% goes to the prop firm behind the funded account.
This leverage means more value with money, thus helping the traders to make more money.