A sobering statistic and one that, at first sight, is difficult to understand given the wealth of training materials that are freely available from the major forex brokers.
What the training materials don’t tell you is that your desire for success is, more often, in direct conflict with the brokers’ aim.
Many brokers simply want your money. Your failure is their success.
So is it possible to make money as a retail trader?
At Forex Ninja Trader, we would like to share our learnings with you…
Learnings that shape our approach to trading.
An approach with a focus on developing a trading mindset, coupled with discipline and effective risk management
… and let you decide.
Ninja Trader
We spent many hours trawling Forex training websites and viewing YouTube videos.
We implemented and tested many of the ‘strategies’ that were presented but remained frustrated by our trading results.
The reality is that much of the trading material out there is written by the very people that want your money.
They want you to waste your time and money trying to figure it out. To try to find the “Holy Grail.”
Hoping that you will be that trader that, for the next 3, 4, or 5 years, continually loses money and blows up their trading account.
They want you to keep putting your money in, jumping from system to system, until you decide that you will stop trading.
It’s a treadmill that you can choose to end.
Once we understood how the Forex market is manipulated, we began to see positive results and achieve success in our trading.
The market is a casino run by the big banks and the financial institutions. They are the Market Makers.
They want the liquidity provided by retail traders, and, just like the casinos, they’ve created an edge to achieve that aim.
Understanding the Market Makers Model, however, was just the start.
We only realised success, fully, when we underpinned our trading with the management of our emotions and the management of risk.
Our trading journey began in 2014. Over the last five years, we have distilled our knowledge and dissected our experiences. We have honed our trading tools to create an approach to trading that is simple and effective.
Those learnings are captured as 3 distinct phases.
We share those learnings in our Ninja Trader Dojo.
It’s our edge.
Ninja Trader Dojo
Our Ninja Trader Dojo is our “Place Of The Way”. A place where you can find the key learnings that have shaped our approach to trading the Forex market… or indeed any market.
The Ninja Trader Dojo provides a backdrop to a trading approach that is simple and effective and presented in three distinct phases:
Kihon | Kata | Kumite.
Our Ninja Trader Dojo offers an insight into our experience of trading.
It captures the main learnings that have shaped our approach to trading.
It is not a trading system.
There are many variables in play when creating a trading system.
The number of screen hours each day, the trading session, the timeframes that you will trade, and your exposure to risk are just the start point.
What you will trade, and also how you will trade it, will ultimately define the rules you will use to create your trading system.
By far, the most critical factor in determining how you will trade is your trading personality.
More specifically, your trading mindset and your attitude toward risk.
Our Ninja Trader approach to trading is underpinned by our learnings and on modelling the methods of highly successful people.
It is those same learnings that form the focus of our Ninja Trader Dojo and may help to shape your approach to trading.
It’s an insight into forex trading that would have helped at the start of our trading journey.
Powerful learnings about trading forex that apply to other markets as well.
Self Mastery
We have learnt that the top 5% of traders have a strategy and understand what they are doing…. a further 5% of traders (and we include ourselves) follow the 5%…. and the remaining 90% struggle to achieve consistent results.
We learnt that the top 5% of traders understand that self-mastery is the road to mastering the markets.
We learnt that the markets are manipulated. That the Market Makers effectively control the markets.
Ironically, the market is not something you master.
You can, however, master yourself.
Understanding that is key if you want to see your trading improve.
Making money over the long run will be determined by how you think and act in the market.
We learnt that risk management is vital for reducing account vulnerabilities against significant fluctuations in price. Factors which could adversely affect your profit margins and your account.
Not understanding your risk style and general risk concept could be damaging to your account, so it is vital to understand it.
There may be elements of each of the learnings that we outline that may be familiar; however, what sets them apart is the emphasis placed on modelling the approach adopted by highly successful people.
There is no magic formula.
The learnings focus on managing emotions and risk, coupled with an understanding of how the markets are manipulated.
Implementing the learnings does require discipline, and there is no instant gratification.
However, if you want to avoid being one of the 90% of traders that have lost their trading deposit, then the Ninja Trader Dojo may be the right place for you.
Want to know more?
Click on the button below to enter our Ninja Trader Dojo.
You’re surrounded by opportunity every single day.
Don’t dwell on what happened yesterday, no matter how bad it was, get back on your feet.
If it was a great day, so what. It’s a new day today.
The market doesn’t care what you did yesterday, it doesn’t care what you did 5 minutes ago…. and that’s the beautiful thing about trading.
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Trader
A crazy person that risks their own money for freedom, rather than exchanging their freedom for money.