Unlock the secrets to becoming a profitable forex trader in just 30 days with Scruff's expert guidance! Scruff addresses a common challenge faced by traders – the struggle to achieve profitability despite market experience. According to him, the key problem lies in the lack of structure and frequent strategy switching. He emphasizes that any trading system can be successful with proper use.
To attain profitability, Scruff advocates for the "less is more" approach. Instead of overwhelming yourself with numerous trades and constant market activity, he advises focusing on quality trades with strong foundations. Scruff reveals that his trading group, the Scruffy Squad, follows this approach, steadily growing small accounts over time.
In order to instill discipline, Scruff introduces a 30-day exercise – the 5-3-1 bases technique. Traders select their top five favorite forex trading products and analyze them daily using one of three strategies: swing, day, or scalp trades. By taking one trade per day for 30 days with a minimal position size, traders can build confidence and develop muscle memory in their decision-making process.
Resisting the urge to take additional trades during the day is crucial to building discipline. Traders who successfully complete the 30-day exercise with positive results can consider increasing their position size and continuing the process.
Scruff concludes by emphasizing the importance of focusing on the process rather than just the money, as this approach leads to long-term success in forex trading. Viewers are encouraged to share their thoughts and suggestions in the comments section and join Scruff on the journey to becoming profitable forex traders. 📈💰 #ForexTrading #ProfitableTrader #TradingStrategies
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Disclaimer: I do not sell signals or give advice on trades. Videos are for entertainment purposes only. Do your own research and trade responsibly. The Scruffy Trader is not a financial adviser. Some links may be affiliated, paying the channel a small commission. The Scruffy Trader is not responsible for any trades or losses you may incur. Trading involves a high risk of loss and is not suitable for everyone. #Forex #DayTrading #trading
