How To Make Your First 6 Figures Trading | my top 10 tips learnt from 10 years of trading

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Previous Episode: https://www.youtube.com/watch?v=RSlyRwerSOQ

Hi,

My name is Todd Lewendon and I mostly trade FOREX and indices.

Today i am sharing with you how i would go back and start all over again after having traded for 10 years, mostly Forex and indices.

1 - get a demo account and practise day trading strategies (timeframe, daily timeframe, box strategy, swing trading..etc..)
2 - see which strategy fits you best and is the most profitable on a demo account
3 - after a few months switch to a real money account. Being the king of the demo account doesn't equate to being the king of a real money account because of sentimental attachment to your money
4 - get a FTMO account, my forex fund account, E8 funding..etc..
5 - get a $50k minimum account, ideally $100k because if you are making 3% to 5% out of $100k you can replace your salary
6 - make sure you have a secure cash flow to support your trading journey. Don't get into it cold or you will get smoked
7 - diversify your trading so you don't get hit by 1 bad scenario
8 - progressively scale up
9 - treat wins and losses equally
10 - understand that everything will take a long time. Trading is a long journey and only those who persist will achieve great results

DISCLAIMER:
I am not a registered financial adviser. Everything that is provided in this video is purely for educational purposes only. Do not invest money you cannot afford to lose