How to lose money with good strategies
10 November 2015
Some people have the very best strategies in business, investing and trading - yet they STILL lose money. Sounds crazy. Here's why it's so common...
An Infinite Prosperity student by the name of Marwane recently sent in his equity curve after 112 Power Trend Trades (which is our first, most basic strategy).
This is the strategy we encourage newbies to start with, and master, before moving on! By starting with a purely mechanical strategy - it's easy to pick up the habit, and the logistical skills of actually placing orders and adjusting stop losses each day.
A part of our forex training process is ensuring all students have a realistic expectation of results, in terms of how much can be made, how long until they'll reach certain goals, how much time they'll need to commit to learning etc. By making these things crystal clear, it massively reduces "failed expectation drop-off", which is rampant in this industry.
If a new trader truly expects to turn a $1,000 account into a $50,000 per year income stream in a few short months, they WILL give up - unless that expectation is adjusted. This is why we set ultra conservative targets for our students to reach early on.
Despite our attempts to keep expectations tight, every so often a student will come along and completely blow these figures out of the water, massively disrupting the entire community with insane results. Over the last few months, one of those students has been Benny Lane. Read More...
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Infinite Prosperity training goes far beyond the realm of mere forex trading. Our ultimate mission is to enable as many people as we can to live a life of freedom, prosperity, abundance and purpose. No false claims, no unrealistic expectations, no sugar coated lessons, no smoke, mirrors or props - just world class forex trading education presented by two motivated and successful young traders. So far over 60 IP students have been able to leave their jobs using a combination of our strategies and life hacks - one of whom is our first millionaire student. Learn more about us.