EFX Newsletter (Jan 2)

Email 1 Subject Line: Does Size Matter? Preview Line: Not what you think When it comes to trading, size really doesn't matter - the quality of your trades matters. Many novice traders make this mistake all the time: They think that if they deposit a lot into their brokerage accounts and start trading with everything they have… Their chances of hitting it big are through the roof. However, that’s not true. It's much better to start off small and tackle one pip at a time. That way, you can learn how to trade properly before trying to risk more capital. Once you know what you're doing, then you can increase your position size and maximize your profits. It makes sense why everyone just focuses on the money, the reason we’re doing this is for money. But seriously, I would bet on someone who made 100 small trades… Had some wins and some losses… And took the time to really learn what they were doing… Rather than the guy who made a huge amount of money off 1 trade but has no idea what he’s doing. He may have made more money… But he learned nothing. And that one-hit wonder is going to lose everything if he continues to enter the market. I’ve seen it countless times over and over again. So remember, the key to trading is good trades, not trading huge amounts of money. Sure, you need money to make money… but more importantly, you need knowledge! Good luck! 🤞💰 All The Best, Danny Reardon Founder @ EFX Trading[a] Email 2 Subject Line: Slow Traders Win Preview Line: (n/a) Trading on the Forex market can be an incredibly rewarding experience… But there is a reason that it’s often compared to gambling in a casino. The markets are full of highs and lows and trying to make money off them can be a dopamine rush. But, it’s important to remember that fast money never lasts. Instead, you should take it slow and methodical when trading on the Forex market. The most successful day traders do not place trades every single day. It may seem counterintuitive—after all, isn’t trading all about buying low and selling high? But waiting for the right opportunity will always pay off in the long run. This is one of the biggest things I see beginners struggle with: You have to let the market come to you. Think of it like poker and your strategy is to only play hands with aces or kings… You’re going to skip a lot of hands. The same concept applies to Forex… You don’t have to make trades every day in order to turn a profit, so don’t feel pressure to do so. And by the way, this is also going to increase your accuracy. When you are rushing through trades in an attempt to make fast money, your decisions are more likely to be based on emotion than logic. On the other hand, if you take your time with each trade you’re going to be much more calculated rather than impulsive. Making money on the Forex market doesn't have to mean making risky decisions or betting big on every trade. Instead, taking it slow with methodical thought processes is key for success over time. Don't get too caught up in attempting quick wins…. Instead, focus on building an overall strategy that pays off over time - just like pocket Aces! All The Best, Danny Reardon Founder @ EFX Trading[b] Email 3 Subject Line: How To Build Your Edge Preview Line: (doesn’t have to be hard…) So you want to make a lot of profits in the forex market? Well, in order to be successful, you need to have both a tactical and mental edge. Identifying which one you’re lacking and focusing your efforts on sharpening them is the key to making any level of success possible. >> Let us help you build the same proven edge that our students and us are using to be able to trade the forex market more effectively[c] So let’s go over those two types of edges… Tactical Edge Tactical edge refers to your skills and knowledge of technical analysis, risk management, and psychology. Here’s how to sharpen this edge: 1. Focus on understanding the basics of technical analysis principles such as support and resistance levels, trendlines, indicators… And be sure to implement that knowledge by back-testing charts from previous market scenarios. 2. Study different risk management strategies such as position sizing, stop loss orders This is going to help you properly manage your trades’ risk-to-reward ratios much more effectively. 3. Work on better understanding basic psychological concepts such as fear of missing out (FOMO), revenge trading, etc., Understanding this stuff is going to allow you how to be aware of which human emotions can affect your trading decisions. Mental Edge Mental edge involves internalizing all the tactical skills you’ve learned. You need them to become second nature when it comes time to make decisions in the markets. If you’re able to do this quickly without hesitation or doubt then chances are you’ve developed a strong mental edge. However, if it takes longer than usual for you to make decisions… Or if they seem forced instead of natural then it’s likely that your mental edge needs some work. To sharpen this edge here’s all you need to do: 1. Practice That’s it. This is what creates a quicker decision-making process for you in the future when facing similar situations in the markets. Now look, you can totally work on building your Tactical and Mental edge by yourself… Or you can get help from me and all of the full-time professional trading coaches we have inside of EFX. They say you’re the average of the five people you spend the most time with… Well, who do you think you’d become if you started hanging around traders who’ve all got an advanced and profitable Technical AND Mental edge? Click the link below if you’d like to answer that question yourself. >> Let us help you build the same proven edge that our students and us are using to be able to trade the forex market more effectively[d] [a]Hyperlink to BAC page [b]Hyperlink to BAC page [c]Hyperlink to Testimonial BAC Page [d]Hyperlink BAC Testimonial Page