MY TIPS FOR MAKING A LIVING FROM TRADING

My Tips for Making a Living from Trading Hi! Thank you for downloading my free booklet: Tips for Making a Living from Trading! My name is Giovana Vega. I m an author, entrepreneur and successful certified trader. I m a firm believer that anyone can become a trader. But, let s be honest, not everyone can become a successful trader and only trade for a living. As a matter of fact, not many succeed in the long run to make a living of it, and helping you learn how to assure your future playing in the Forex Market is my mission. For all its numbers, charts and ratios, trading is more an art than a science. Just as in artistic endeavors, there is talent involved, but talent will only take you so far. All traders master their craft through practice and discipline. They learn to control their emotions to keep fear and greed out of the equation for this is the gateway to disaster. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 1

In this small publication, I want to take you through 6 tips regarding the qualities that help a novice trader use to master his craft. I want to help you make smarter, more profitable trades and that begins with the way you think about price movement, all the way to the way you execute trades. Simplicity is, in my opinion, the most often and easily overlooked ingredient to profiting long-term in any financial market. Or in anything for that matter! I always have this voice in my head, with the memory of a very dear professor from my student years. He would always exclaim: KISS! when a presentation would become tedious, or he would type: KISS next to our grade on some paper. KISS, would be his word. KISS would be his kind insult when we would be over dramatizing topics. For those of you who don t know what it means; it stands for: Keep It Simple Stupid. And keeping it simple is what I intend to do. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 2

The Truth About Forex Trading So, you are excited to begin trading.. You have probably heard very promising results from a certain programmed indicator that has been getting a lot of attention in the Trading Forums you ve been following. I mean, how can all the testimonials you ve been reading be wrong. Right? You probably even met someone who is doing it and is not shy of his success. And then? The thing is that many people begin trading with no prior knowledge of trading and believing that by finding some magical trading system or half understanding forex indicators, they will find the magic ticket to success. Sadly, this is exactly what doesn t happen. This belief is the root of all failure, it is what causes many traders to blow out their accounts to end up filled with frustration. They believed that by finding that great trading system or indicator they can sit back and watch the money roll on. If only! I m here to tell you that, the Forex Market is an emotional volatile beast driven by human emotion. So, how can you keep it simple? You ask me? It s quite simple, actually. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 3

STOP looking for the next perfect, magical trading system and, START learning to look at the price bars on your charts. But, do you even know what Trading is? Trading is a speculative activity, that consists in the buying and selling of valued financial assets in order to gain an economic yield. In other words, Trading is the art of negotiating and/or speculating about the financial markets with the objective of generating returns in time. This is different from an investment, trading is more short term as in weeks, days, hours or even minutes. You can do this in the foreign exchange market, commodities, assets, futures, etc.. Trading is a serious business and you should take it very seriously, as you are dealing with real money. We must make sure that every trade approach will be the winning one. It is very important that you first acquire the knowledge before jumping into the trading sector. Years ago, trading was something exclusive to brokers, investment firms, and big speculators like major corporations and institutional investors. But with globalization, technological advance, and the modern online investment platforms available, thousands of people worldwide are trading from wherever they want. The GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 4

only requirement? Having an open broker account and an electronic device with an internet connection. In this modern time, more and more investors invest and speculate with their desktop computers, laptops and even mobile phones. We ve certainly come a long way from those times when you had to go to a bank office to buy or sell a stock; and every day there are less and less brokers who do it over the phone. It s necessary that whoever is interested in trading take the time to evaluate very carefully the risks and time frame they must learn the most important trading principles. living of it? Do you want to know how you could become a successful trader, and make a The best way would be to learn the trading terms and practicing before investing your money. Getting the proper education to be a trader is a path of personal discovery. To become a Trader and generate big results that may enable you to live from your passion; you need to acquire and cultivate certain traits first. Forex has been known to cause large losses to many inexperienced and undisciplined traders over the years. You don t need to be one of the losers.! Here are my 6 tips to cultivating the traits to becoming a successful trader. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 5

#1 Passion Passion is just as much about the art as it is the science. We know the science but we re masters of the ar. Justin Foley, Head of Trading Passion is an obvious quality, necessary in trading. But, do you know why you want to become a trader? The best traders trade not only for the money ; they trade, because they genuinely enjoy the emotional and intellectual challenge that the trading market provides. To become a consistently successful trader, you essentially must master your emotions. When people fail in trading, is usually because they give into their emotional urges. They want to make money fast and this desire clouds their judgement. To become successful, you must accept the challenge and enjoy it. With all certainty, if your main goal is to make money fast; you won t make any. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 6

#2 Mindset The goal of a successful trader is to make the best trades. Money is secondary Alexander Elder Trading, like any high-performance endeavor, requires skill, focus and discipline. Those who are in it for the money alone are not likely to focus on the process of being a good trader. Concentrate on being a good trader and the money will follow. When I speak about mindset, is about having our priorities straight as to what is the message we send to the universe. NEED. A successful trader, moves from a feeling of WANT, and not one of When we feel that we need to trade to be happy, or successful in life, you ll become emotional and lose money. Traders who feel that they have no other option to live but by trading, are starting with an emotional trading mindset, which is not what we want. Having the GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 7

right mindset can only happen when we have a safety net. In other words, Financial Security. I don t mean that you must be incredibly wealthy, but that you ensure that you can master the craft from a place of clarity, peace and stability. You must have a plan A, which might be a job that helps pay your bills or school, etc. Having a plan A in place will ensure that you might be able to develop and maintain the proper trading mindset that will allow you to eventually become a full-time trader. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 8

#3 Confidence The game taught me the game. And it didn t spare me the rod while teaching Jesse Livermore To make money as a trader, you must trust yourself first and foremost. If you have a personality that needs to be looking for the opinion of other traders referring to a trade or the market, you are not ready. The best way to learn about the trading game is to play it. It is very important that you prepare yourself, and master your own trading strategy and trust it. You must learn to trust your gut feeling! You must jump in the pool and make your own mistakes if you wish to learn about the market. Your experiences will not only ensure that you don t repeat mistakes, but it will also make you trust your own judgement over others. It is impossible to become a professional trader from needing to take into consideration some else s ideas or by subscribing to some magical signal service. It is important that you learn how to trade the market by reading the price action on the charts and then making your own decisions from there. Don t forget that no one cares more about your profit and your trading account than you do. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 9

#4 Discipline Luck is preparation meeting opportunity Oprah Have you ever noticed how incredibly lucky consistently successful traders seem to be? While we can t dismiss the luck factor in some trades; it is also safe to say, that these traders have learned how to prepare for when opportunity knocks on their doors. You must have the discipline to stick with your trading strategy through the ups and downs, and have the understanding that your trading strategy takes TIME and needs a series of trades to play in your favor. Discipline and Patience are very close related, where they differ is that discipline means you ll stick with it and will not change strategy every time you have a losing trade. If you constantly change methods, it will be impossible for you to take flight. To put it in a way, as I stated before, any trading edge needs a series of try trades to see the strategy play out. If you don t give it a large enough series or sample size of trades, you won t be seeing the playing out of your strategy. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 10

#5 Strategy It is not the strongest or the most intelligent who will survive but those who can best manage change Charles Darwin Change is constant within the Forex Market, we work with uncertainty every day. Your game today, might not be what gives you wins next week. Profitable traders know how to adapt their strategy to any trading environment. You will develop a trading strategy in time; and if you hope to trade for a living, having it will give you an edge. Having found your trading strategy means that the pattern in the market provides you with an edge over just a random entry. This edge is: price action. What is best is to use a random chance of making money on any given trade. I must repeat, that this does not mean that every trade will win, what it means is that once we have followed our strategy of price action, we can expect a positive outcome. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 11

After a series of trades, for every euro risked we hopefully are making more than one euro. Of course, this is also a function of your trade exits and money management, all of which I discuss in more detail in my upcoming book: Trading for Success: 8 Secrets Why Women are Better Forex Traders. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 12

#6 Patience The biggest risk is not taking a risk. In a world that s changing really quickly, the only strategy that is guaranteed to fail is not taking risk Mark Zuckerberg Patience, of course we need plenty of it to be successful traders. This is something in which everyone can agree on. Patience trading means that you wait for your trading edge to form before you trade. It also means that you are patient with your trades and you give them the time to play out. You learn to not get emotional at the first sign of a trade moving against you. This means that you learn to stay focused on the bigger market. It is important to understand that patience will make you money much faster, than if you are impatient. When you are unable to control your emotions and you over trade and over risk.. you will lose money. If you are not a patient person, you will struggle as a trader. But that does not mean you can t learn. GIOVANA VEGA - COPYRIGHT 2017. ALL RIGHT RESERVED 13