TRADER Q&A [Trading Full-Time, Elliott Waves, Tax, Beginner Books...]

We asked you to submit your questions about anything to do with trading for this trader Q&A session. Nicholas answers the following questions: - [0:34] What books would you recommend to beginner forex traders? - [1:26] How many other methods do you have other than the one in the free course? - [2:26] What are your thoughts on Elliot Wave Theory? - [6:08] How much do fundamentals play on a trading decision of yours? - [7:36] Question about tax. Where do we stand as a private trader if it is your only income? - [10:04] What indicators are really helpful besides the support and resistance lines we draw on our charts to find trades? - [11:23] Should I opt to remain in full time employment and trade only part time, how many hours per day/week would you advise are required to trade to realistically make it worth your while? - [14:08] How do I know as a trader that I'm moving towards the right direction even if I'm not profiting yet? - [15:58] How do you know when the setup is 'broken'. I understand that it is the time when the setup falls out of our system and increases risk, but how can we calculate the point of where to put the stop loss? - [18:53] When did you realise the transition from a part time forex trader to becoming a full time forex trader? ================ SUBSCRIBE FOR MORE TRADING VIDEOS: https://www.youtube.com/user/duomoinitiative?sub_confirmation=1 ================ JOIN THE INNER CIRCLE FOR FREE: http://freelearntotrade.duomoinitiative.com ================ GET OUR FULL ONLINE COURSE: http://www.duomoinitiative.com/onlinecourse ================ Find us here: Website: http://www.duomoinitiative.com Facebook: http://www.facebook.com/duomoinitiative Twitter: http://twitter.com/duomoinitiative Nicholas Twitter: http://twitter.com/nikipuri Instagram: http://instagram.com/duomoinitiative

Comments

1. i was trading on a demo account for about 1 year, well worth it, because 5 years now iam at about 98% win rate..
   
   Total Trades: 979 Short Positions (won %): 618 (98.54%) Long Positions (won %): 361 (95.57%)
   Profit Trades (% of total): 954 (97.45%) Loss trades (% of total): 25 (2.55%)
2. i got a binary option ad before this video xD
3. Momma I made it! I'm famous! hahahah I'm surprised that you pronounced my name right. Great video man thanks for the info, Nick. I'd love you as a mentor but hey, you can't have everything you want in life hahah.
4. Thank you Nicholas! I got so much valuaeble lessons and info from this channel already, keep up the great work