To get to know each other, following are excerpts from my upcoming book “How to Be A Black Belt Trader”……for your reading pleasure….hope you enjoy it…. The 90-90-90 Scenario….. You don’t want to be a part of THAT club….the 90% of retail traders who lose 90% of their money in 90 days. You can avoid it but you have to think differently than the crowd. First, realize that you are not in this business to trade; you are in it to make money. And to do that you need patience. In fact, I would say that lack of patience is the number one problem of traders who come to me for coaching, and we always solve that before we move on. Now, to survive and prosper as a trader, here are some specific things you have to think about and understand; otherwise you're likely to become just grist for the mill:

We all earn professional degrees and pursue a career to make our future secure. To fulfill all desires and dreams we need enough resources that can help us access luxuries in life. Well that power is called money, which can ease your life by providing comforts and facilities. Professionals and employers on average earn enough money to cover all expenses but cannot even think to go for a dream holiday or purchase luxury cars or ostentatious jewelry. Because you won't be able to escape heavy debts afterward. So consider earning money in addition to your regular job or small business and invest your savings to earn profits without spending your time and energy on it.

Foreign Exchange, also known as Forex has become the largest liquid financial market worldwide. It has no particular location, as exchanges are made by means of electronic network, getting thus the entire world involved in it. Forex is not a sophisticated market, but you must take into consideration certain aspects if you want your trades to be successful. You can really earn great amounts of money, the way many people have done it and got rich overnight. At the same time, you should always keep in mind that risks are involved too. It is necessary to get properly educated and have the adequate knowledge about Forex trade before starting actual trading.

To trade successfully in Forex you must be able to understand the trading signals that can contribute greatly to your profits. Select a chart that describes these trading indicators and rationally opt for a trading system that can optimize the benefit of these trading indicators. These signals can help in making important decisions regarding market entry and exit or to make any adjustments in currency exchange.

After a terrible end to 2018 which saw global equities plummet, markets are finally seeing the color green returning to their screens. U.S. stocks built on Friday’s massive rally supported by optimism that Beijing and Washington may be moving in the right direction towards a trade deal. The volatility index dropped to 21 from a high of 36.20 in late December. Calm has also returned to Asian equities with Japanese stocks outperforming the rest of Asia.

Financial markets kicked off the trading week with on a positive note as optimism over US-China trade talks revived investor risk appetite. Asian equity markets concluded on the positive note amid the Risk-on mood while European shares are trading in the green territory. Although the positive domino effect from Asia and Europe could elevate Wall Street this afternoon, gains are likely to be capped by geopolitical risks. With the underlying factors weighing heavily on global sentiment still present, global stocks remain vulnerable to downside shocks.