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    High Profit Day Trading: Beginner Investor and Trader series
    High Profit Day Trading: Beginner Investor and Trader series
    High Profit Day Trading: Beginner Investor and Trader series
    Ebook81 pages1 hour

    High Profit Day Trading: Beginner Investor and Trader series

    By Joseph Richards

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    About this ebook

    Read this Joseph Richards book on your PC, Mac, smart phone, tablet or digital device or in paperback.

    If you are a beginner and have zero experience and are looking for your first basic information as to how to get started and what to study first and foremost this book is for you. The information in High Profit Day Trading would take you years to figure out before you could make any real money in the live market.

    High Profit Day Trading gives a brand new investor and trader with zero experience a head start with the very basic information they need to get started driving their new money train down the tracks of gold right to the front door of their bank. To be a successful money maker in the market you need to have an edge. High Profit Day Trading tells you about a way of trading to have the biggest edge possible in the market to beat out your competition to the consistent profits everyone is looking for.

    The people in the market who make money every day are the people who took the time to get the proper education for the type of job they will be doing which is making money with money. You don’t just get into a formula one car and drive it. You must learn all of the aspects of the car and what makes it work. It is the same in trading. Hopefully once you have read this entire book you can begin driving your money train down to your bank every day.

    Just ask yourself this question. Do you want to be the one in the market who pays or do you want to be the one who gets paid? Learn the right information, get the right education and training from the first day and work with a rule based plan and you will get paid handsomely from the market. This book can put you on the fast track to doing that. This short book will give you a basic start on getting your money train driver’s license. There is a bonus section at the end of this book where there are some great tips to help you get started trading on demo. There are also some frequently asked questions with honest answers for new traders. In the business of making money with money you either get it or you don’t.

    LanguageEnglish
    PublisherJoseph Richards
    Release dateMay 22, 2015
    ISBN9781507005651
    High Profit Day Trading: Beginner Investor and Trader series

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      Book preview

      High Profit Day Trading - Joseph Richards

      High Profit Day Trading

      How Beginners can make Money Everyday

      By Joseph Richards

      Copyright 2015

      If you enjoyed learning the information in this book... you may also be interested in...

      These other titles by Joseph Richards

      Day Trading Stocks Online using Supply and Demand

      12 Characteristics of Highly Successful Day Traders

      Brand New Forex Day Traders Bible Book

      Forex, Futures and Stocks Day Trading with a Rule Based Plan

      How to not make Costly Mistakes Day Trading Forex

      Supply & Demand Day Trading for Futures

      If you have been helped by purchasing this book please take a minute by letting me know how it helped you by leaving a review on the site where you purchased this book.

      I am always interested to know how my readers are doing and what successes they are having in the markets.

      Wishing you a profitable day!

      Joseph Richards

      Table of Contents

      Start off with the right information the first day in business

      Know what your goals are from the beginning – begin with the end in mind

      Learn the essentials of trading – chart reading and price action

      You must become an expert in money management – right away!

      Knowing what makes you tick will be critical to your trading psyche

      Have a rule based plan for the way you plan to trade

      Use a method of trading that works on any asset or time frame

      Only do what you know to be true and realistic in the live market

      Develop a Wall Street mentality and mindset

      3 things that will help you win more trades – large PM, correlation, confluence in signals

      My final advice to brand new investors and traders

      Bonus section

      How to find a mentor

      Tips for the brand new beginner

      Keep a journal of your market activity

      Develop a set pre trading routine

      Extra links

      Frequently asked questions

      Disclaimer

      Start off with the right information the first day in business

      Honestly if I had a dollar for every brand new investor and trader I have come to me for mentoring and asking the normal questions brand new traders ask I would have a Gulfstream 650 I swear. The problem brand new traders all have is that they all come into the business with dollar signs rolling around in their eyes like those old cartoons we used to see as kids.

      Brand new traders are buying their Ferrari’s and G650’s before they ever take a live trade.  No one tells them that investing and trading in the live markets is competition at the highest level and that they must have all the right information to be able to work in the live market against the best market participants in the world every day. You’re not in the market alone and someone else is always trying to take your money every time you step foot into the live market with it.

      The first thing I ask brand new traders who come to me for help is why they want to do this business. Their answer is mostly always I want to make money. I’m like hell we all want to make money in there but are you prepared to go in there and actually do it? I ask them if they know what really makes the market do what it does, and they always say what the hell are you talking about?

      I tell them that the live market is mostly common sense and is based on the principles of supply and demand. It is basic economics really however when people first begin in this business they always tend to make things harder on themselves than they need to. Price only moves in three ways in the market up down and sideways. Simple really however brand new traders think they have to have some type of complex formula to tell them that. That could not be further from the truth.

      Learning the right information needed to get started is one of the most critical steps to be a successful market participant over the long term. No one wants to study a lot of information only to find out sometime later that all they needed to know was right there on the chart in front of them to begin with.

      If you need to learn this business from the ground up then this book is definitely for you. I encourage you to read it as many times as it takes for it to become clear to you as to what you do and do not need to learn to be successful in this business from the start. There are no guarantees in the markets however you must know the right information from the start to have a chance of becoming successful.

      By the time new people realize they have wasted a lot of time and perhaps money on courses and training or books they did not really need it is very far into their career and business. This only adds to what can be a stressful business as it is anyway. Another thing that happens is that a lot of bad habits can be developed along the way that when brought into a live market situation can be problematic and cause an investor or trader to begin to lose money right away and no one wants that.

      With some good planning and the right education and training from the very start a new investor and trader can get up to speed fairly quickly and then it is a matter of polishing ones skills and rule based plan. Once they are confident in their skills and their rule based plan is solid they should have no problems going into the live market and becoming a successful market participant.

      I can’t stress enough how crucial it is to really think things through before doing anything when entering this business. The outcome of not thinking about what you want to get from investing and trading can be a very long and expensive road. It can also be a road paved with gold if done right. Those of us who have already made it drive our Ferrari’s down the road paved with gold. Just kidding however I think you get the point here.

      When clients approach me for help when trying to start their new trading business I ask them how long they took to research the different types of investing and trading there are and how they came to their decision to become the type of market participant they are currently or aspire to be. Most of the time, they haven’t thought it through at all and are trying to be all the different types

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