Canadian Forex trader, Tyler Malone, struggled like the rest of us in the beginning. Tried different things, lost money, paid for courses. The same journey most aspiring traders loop through. And some of us seem to be stuck in the loop endlessly.
So, what changed for Tyler? One major aspect was discovering he’s more conditioned to swing trading than scalping.
To find out what else this full time trader discovered about the markets and himself before becoming profitable and making a full time living from Forex, check out the interview. Then dive into the video to see how he approaches the charts.
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Tyler’s Forex Trading Strategy
[12:28] If you can turn this into a full-time gig, all your dreams can come true.
[15:00] Trading is very difficult but it is simple.
[17:10] Trading styles are your personality.
[19:10] If you want to be a trader you don’t want to have to deal with a hundred different things going on at the same time, you want to keep it simple and concise as possible.
[20:31] Follow the mentor but don’t follow them blindly.
[23:42] Being wrong in the market is a better teacher than being right a thousand times more.
[26:23] Conquering the markets really just means that you conquered your emotions.
[32:46] You have to put the work in and you have to take the time to do it.
[35:08] If you don’t give yourself an option to fail, you’re not going to fail.
[40:42] Forex, out of every market, is all about price action.
[42:07] Every single trader uses market structure whether they realized it or not.
[43:09] You must treat this as a business.
[48:07] Trading is the hardest way to make easy money.