Long-term Forex Trading Revealed

By Mos Dlamini

An advanced trading course that disposes the need for any special technical or fundamental education. Equips you with all that you need in order to become a professional trader within your own right and regard.

 

Initially created for Intermediate forex and CFD traders, this book is well-rounded in its composition and welcomes all types of readers. Interested, learning or accustomed with trading? This is the perfect read!

 

This book confronts and clears the mass confusion behind several subjects such as:

The perfect trading plan, strategy and trading system design template

Effective strategic exercises during the preparation process

Professional self-management practices

Types of risk and capital management systems

Professional trading psychology

Many other important topics and concerns within the frequent trading community.

 

Benefit from a comprehensive methodology that facilitates a simple and guided application of every important subject that is addressed. The only book of its kind with a methodology that provides the perfect start to any trading career and the perfect reset for any accustomed trader.

• Language: English
• Publisher: MOS Method Trading
• Release date: Jun 21, 2024
• ISBN: 9798227726254

Mos Dlamini

A researcher, long-term trading strategist, product developer and entrepreneur born in Johannesburg, South Africa. Started speculating for the purposes of financial gain in 2016 yet actively began trading forex and CFDs in late 2017 after a brief acquaintance with a trading mentor and cryptocurrency enthusiast. Notably, Mos only got his big break with the overall sport of trading in mid-2020. To date Mos has been trading for almost 6 years and although he practices both technical and fundamental trading approaches, the decision to become an author is actually based on a desire to share knowledge and experience with other traders from the perspective of a long-term trading strategist. 'During my early development process as a trader it was my long-term horizon view, strategic preparations and disciplined practices with regards to trading that marked the professional turning point in my trading career, and not the use of any specific technical or fundamental theory or practice.' Mos has not been trained or educated by anyone in particular on how to trade successfully and at best takes an almost basic and natural approach towards trading. Most of what he knows and practices is self-developed through exposure to various sources of information, knowledge and methodologies. A clear target, solid preparation, a conscious development process and proper self-managment practices are some of the schools of thought that Mos subscribes to with regards to professional trading and long-term career success. 'I earnestly believe that anyone can achieve trading professionalism by their own might and regard. As an author, I've taken it upon myself to be of effective guidance and assistance to all who are interested in joining me in the league of self-made trading professionals.'

Book preview

Disclaimer

The information provided in this book contains the expressed views and opinions of the author in relation to the subject matter discussed. All information in this book is provided in good faith; however, the author makes no representation or warranty of any kind, expression or implication regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information within this book.

The information contained or provided from and through this book is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.

The information within this book is not specific to you - the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented within this book without first undertaking independent due diligence and consultation with a field expert, professional broker or financial advisory.

The author is in no way a financial advisor, registered expert or professional broker. Therefore, should you decide to use the information contained within this book, it will be at your own discretion.

Foreword

I have been actively trading forex since late 2017, and besides being exposed to a few potential mentors here and there I have never had nor have I ever paid for any formal training or education with regards to forex trading. Most of what I know today is due to my practical experience, tireless research and study about the art of trading and the forex markets.

There truly isn't a specific person alive today that can claim that they taught me what I am about to share with you in this book. The exposure I’ve had to potential mentors during my trading development process was often brief and short lived, and in such a way that anything valuable that I have come to learn from mingling with certain individuals throughout my career, was the direct result of my observations about them.

For instance, in the year 2020 shortly before the first pandemic lockdown, I had the pleasure of meeting two siblings who at the time were managing a few millions rands worth of other people's money through forex trading. In the short time that I was able to spend with them, I did not learn anything special about technical or fundamental theory and practices. Instead, what I walked away with was a long-term perspective and approach towards trading; of which I assumed at the time could only be applied with a substantial amount of capital.

To be completely honest, meeting these two brothers really sparked a flame within my being, that initiated a turning point in my trading career, mindset and approach towards trading. The type of information and insight that I was able to download from the trading pair through my curiosity and observations about them, was far more valuable than any type of technical or fundamental knowledge that they could have offered or given me at the time if I had asked.

Prior to being exposed to the kind of long-term forex trading operation that the two were managing at the time, my mindset was largely fixated on short-term trading ideals that at best could and would only reap me short-lived trading success or temporary career highs. The kind of trading that I was exposed to upon mingling with this trading pair, appeared to me to be conducted with purpose, vision, consistency and a great deal of accountability. I observed a kind of trading style and operation that had serious responsibility involved but at the same time operated on an incredibly laid-back and simplified management process. This was not something that my mindset at the time was expecting to witness from such a trading operation, but in the same breath, it was definitely something that my mindset needed to download, mainly because it made so much sense especially from a long-term trading perspective.

However, due to the extent of the first lockdown I was never able to meet the two siblings again, fortunately though to my benefit I had gotten the vital message and idea that I needed in order to start turning things around for myself with regards to trading from a long-term perspective.

It was shortly thereafter, that I started researching and looking into ways to create a perfect trading system and establishing a professional trading plan. I researched and studied many of the professional trading practices and disciplines that successful traders applied, I explored ways to trade systematically as well as practical ways to minimize risk and maximize returns. At best I was researching and studying anything and everything that was directly related to effective trading organization as well as proper self-management practices before and during the trading process. For a good while I was fixated on identifying and establishing a long-term solution to trading that would cater for my short-term needs yet without the requirement for much risk or capital.

Fortunately, after much time and effort I was able to eventually establish a working system and methodology that I could personally employ in order to fulfill my short-term and long-term trading objectives. It was at this point in mid-2020 that I began receiving more professional trading results and outcomes from my (more organized) trading activities. Bear in mind that I had not acquired any new or special technical or fundamental trading information at this point - only my mindset, philosophy, self-management practices and disciplines had improved, my technical trading style was relatively still the same as before.

To be honest, after almost 7 years of trading I honestly still cannot teach anyone anything special about technical and fundamental trading, mainly because I came to realize at some point in time that it was not what I needed in order to achieve long-term trading success. I won't say that I'm closed-off from learning more about technical and fundamental theory and practices because such is not the case, but what I can say is that such is not the determining factor of anyone's long-term success with trading. At best, I still exercise very basic trading practices of which I find to be effective enough to get the job done.

Nonetheless, during my period of intense research with regards to the subjects of professional self-management practices, risk management strategies and establishing an effective trading plan and trading system design, I have come to realize that good and effective information on all these subjects as well as many other subjects is incredibly challenging to come by, especially if you're not accustomed with good research practices. Therefore, as a result and direct response to this disappointing reality within our information and source search engines - and as a service to many aspiring traders out here in the financial market wilderness, I have decided to take it upon myself to introduce the kind of information that many traders need in order to become successful with trading within their own right and regard. By doing so, it is my hope to take away the NEED to pay or subscribe to another trader's technical or fundamental theories and practices and at best to instill a WANT for such education.

This book aims to address the blur and lack of any sound information with regards to the following subjects:

a). the perfect trading plan, strategy and trading system design template

b). effective strategizing practices during the preparation, planning and drafting process

c). professional self-management practices and disciplines during the trading process

d). effective risk and capital management systems as well as other important trading concerns.

This book also provides a comprehensive methodology that effectively combines all of the abovementioned subjects together for the purposes of administering a simple and incredibly practical application of the solutions that it proposes for each subject that is addressed. Furthermore, the methodology behind this book is designed to work perfectly for frequent forex traders, meaning that the more frequent you trade, the more perfect the methodology within this book is for you.

When best described this book is on a league and level of its own and welcomes you the reader to an incredible and advanced trading course without any of that typical technical and fundamental trading jargon that is free and easy to access on the internet. Furthermore, the methodology within this book is composed to provide the perfect start to a trading career as well as the perfect reset to an existing trading mindset.

Contents

Disclaimer

Foreword

Introduction

Trading Objectives

Trading Preparations and the Development Process

Market Operating Strategies

The Primary Operating Strategy

Risk and Capital Management Systems

The Secondary Operating Strategy

Tertiary Operating Strategies

In-trade Management Guidelines

Market Tracking System

Trading Journal

Standard Operating Procedures

Trading Operation Management

Acknowledgments

Bonus Chapter: Money Management Strategy Projections

Dedicated to the determined individual who is committed to achieving long-term career success with the activity of frequently trading the financial markets.

Introduction

The purpose of this book is to introduce you to an advanced trading plan-design methodology, as well as to the effective strategic practices that you can implement in order to establish a professional and comprehensive frequent trading system for your day-to-day trading business. Notably, the information within this book forms part of an advanced trading course that is intended mainly for intermediate traders who are accustomed with frequent forex trading, yet still recognize room for improvement and development within themselves and their trading businesses.

The beauty of the information contained herein is that it can be applied across several financial trading markets, with the only exception being that its effective use and implementation is largely applicable within the realms of frequent trading activity. A frequent forex trader within the context of this book refers to one of two things:

1). a trader who places an average of at least one trade each day, and 

2). a trader that averages a certain number of trades within a definite time period.

Notably, the conscious establishment of an average number of trades within a definite time period; is the only requirement for the successful adoption and application of the method and concepts proposed here, regardless of what type of trader you are.

Although intended mainly to be a bridge that leads the intermediate-level trader to professional-level trading practices, this book is incredibly well-rounded. As a benefit to beginners, this book provides a bridge that leads the novice-level trader into intermediate-level awareness, and will prove to be an incredibly valuable source of knowledge and information especially when stumbled upon during the early stages of one's trading career. Bear in mind that none of the basics about the forex market as well as any specialized knowledge with regard to technical and fundamental analysis is covered here.

This book focuses on the importance of effective preparation and proper self-management practices before and during the process of trading and helps to shed much needed light on the subjective and objective self that resides within