"The Reality of Full-Time Trading" – Rolf Schlotmann | Trader Interview

Published on September 27, 2022

New videos top searched Short Swing Trading, Currency Trading Basics, Stock Market Trading System, and How To Use Stochastic For Day Trading, "The Reality of Full-Time Trading" – Rolf Schlotmann | Trader Interview.

In this trader interview, Etienne sits down with full-time trader Rolf Schlotmann (from @Tradeciety.com) to discuss what it’s really like to build a full-time trading career. You’ll learn from his experience on how to become a consistently profitable Forex trader.

📈 FREE Case Study “Quitting Your Job To Finally Trade Full-Time”: https://desiretotrade.co/case-study

Where to find Rolf:
Education: @Tradeciety.com
Trading journal: https://d2t.link/edgewonk

Chapters:
0:00 “The Reality of Full-Time Trading”
0:36 Introduction
0:57 Who is Rolf Schlotmann?
2:01 Story Time – How trading started out
2:55 How Rolf decided to go full time trading
5:05 Why his early 20s was the best time to take risks
7:12 What is Rolf’s trading style
8:06 How to overcome FOMO in the markets
9:23 Pivot Points: Rolf’s favorite indicator
10:30 How to use Pivot Points
11:32 Why objectivity and structure is vital in trading
12:30 How to make Price Action trading more objective
14:04 What more is there to price action trading
16:42 How to filter market conditions
18:09 The importance of accepting losses
19:55 Why the obvious things are harder to trade
21:56 How should you develop YOUR OWN trading style
24:13 Why it’s so hard to focus on 1 thing for 3-6 months
26:28 Why Rolf prefers to live in Asia over Europe
27:45 Should you move to Asia or somewhere else to trade?
28:52 How to deal with “the loneliness of trading”
31:37 How Rolf went from working 16hs/day to 2 hours/day
32:00 How to stay on top of trading full-time
33:48 How to review your trading performance and statistics
35:22 How to correct mistakes and negative behaviors in trading
36:34 Rolf’s top advice for struggling traders
38:43 Why a winning trade is not always a good trade
39:49 How to transition from easy markets to tough markets
41:29 How to use FAILURE to improve as a trader
42:37 Why you should always keep a trading journal
43:09 Where to find Rolf Schlotmann & Tradeciety

#forextrader #trading #traderinterview

// SOCIAL
Forex Trader Community (Facebook Group): https://d2t.link/FBgroup
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete

// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): https://d2t.link/pepperstone
Forex Broker for Canada (Axi): https://d2t.link/axitrader
Best Platform: https://d2t.link/tradingview
Backtesting Tool: https://d2t.link/soft4fx
VPS (for algo trading): https://d2t.link/vps
Trading Journal: https://d2t.link/journal

// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

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How To Use Stochastic For Day Trading, "The Reality of Full-Time Trading" – Rolf Schlotmann | Trader Interview.

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Win Forex Trading – If You Want To Win Trade The Big Breakouts

Those lines might have crossed 3 or 4 times before just to revert back. Here we are going to take a look at two trading opportunities last week we banked an excellent profit in the British Pound.

When actually all they need is to do a bit of research study on the net and construct their own, today lots of traders purchase product trading systems and invested money on costly software.

These are the long term financial investments that you do not hurry Stochastic Trading into. This is where you take your time analyzing a good area with resistance and assistance to make a huge slide in revenue.

Testing is a procedure and it is advisable to test different tools throughout the years. The objective in checking the tools is to find the ideal trading tool the trader feels comfy with in various market scenario but likewise to enhance trading skills and earnings margin.

While the rules offer you factors to get in trades, it does not suggest that the rate will enter your wanted direction. The concept is “Do not predict the marketplace”. Instead, you need to let the rate motion lead your method, knowing at anytime cost might change and go in a various direction. If the price does stagnate in your favor, you need to Stochastic Trading provide up and stop out.

Lots of traders make the error of believing they can utilize the swing trade method daily, however this is not a great concept and you can lose equity quickly. Rather reserve forex swing trading for days when the marketplace is just right for swing trading. So, how do you understand when the marketplace is right? When the chart is low or high, see for resistance or support that has actually been held a number of times like. View the momentum and look for when rates swing highly towards either the resistance or the assistance, while this is taking place look for verification that the momentum will turn. This confirmation is important and if the momentum of the cost is starting to wane and a turn is likely, then the odds remain in terrific favor of a swing Stochastic Trading environment.

This has absolutely held true for my own trading. My trading successes jumped bounds and leaps when I came to recognize the power of trading based on cycles. In any given month I average a high percentage of winning trades against losing trades, with the few losing trades resulting in unbelievably little capital loss. Timing trades with determine precision is empowering, just leaving ones internal mental and emotional luggage to be the only thing that can sabotage success. The approach itself is pure.

Keep in mind you will constantly give bit back at the end of a pattern but the huge patterns can last many weeks or months and if you get simply 70% of these trends, you will make a lot of money.

Establish a trading system that works for you based upon your screening outcomes. It’s most likely to be one of the better ones on the market. These swings are inclined to duplicate themselves with particular level of similarity.

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