Today, although the market was relatively quiet (US Holiday), and rather erratic in the night (Draghi talking), there were still great opportunities to make a daily passive income from trading the forex markets. Of course, it requires precise market understanding and timing to capture the moves, but it gets easier the more you practice. For those club member who were asking me about position-sizing, the idea is to start small (I started with about $5,000 myself), and slowly build up your capital base and scale up your size. There is nothing wrong with trading small lot sizes until you have gained the confidence like the senior club members. Until then, you have to be contented with earning just $100-$200 a day, and treat it as a disciplined training to hone your skills to prepare you for the day your account becomes huge and you have to trade larger and larger size.
ALL YOU NEED TO KNOW ABOUT TRADING!
Hi, Spencer here! 😀
After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.
As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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