Top Real Life Proven Strategies of Professional Forex Traders Part 1

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I am in the process of interviewing a number of professional Forex traders who currently earn their sole income from trading. What Forex trading strategies do they use? What is their secret?

In this series of videos I will reveal the Forex trading strategy recommended by professional Forex traders as being the key to their success. This first video demonstrates how critical it is to have a general idea about how much time it takes for a Forex trading entry signal to form.

Traders who don't pay attention to this can totally sabotage their success by constantly jumping into trades and making up reasons to justify entering trades when it is not time to enter yet. The biggest reason for losing trades is not waiting until an entry signal forms. And the reason traders do this is because they are not using common sense about how often trades form in the Forex market or any other financial market depending on what time frame they are trading.

How often should a trade entry form? How much time does it take after an exit for the next entry to form on the time frame you are trading? If you find yourself constantly jumping into trades that don't work out it is very likely that you are not looking at this obvious fact that can be clearly seen on any chart.

If you are looking for a Forex trading signal and you think you see a signal but it doesn't work out chances are you need to step back and look at the bigger picture using some common sense. How many signals occur on the 5 minute time frame per day? How many Forex trading signals can occur per week on the one hour time frame? How many PIPS should you expect on average per trade on a given time frame? Do you know exactly what to look for in order to enter a trade and approximately how much time it will take? If not you need to look again and start seeing things on your charts that are extremely important for success in Forex trading.

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