3 Golden Steps to Profitability

You need only 3 steps to become profitable in trading:

  1. Learn the basics online for free.
  2. Learn from other profitable traders - only those who can show a long and verified track record. You can find them on Myfxbook or similar.
  3. Come up with a strategy that shows consistent profitability in back tests.

Congratulations! Now you are a profitable trader! :slight_smile:

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It sounds simple when you put it like that but the tricky part is sticking to those steps and being patient. Learning from real verified traders is key and there’s no shortcut around that.

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profitable traders with long and verified track record , and not a scammer

it takes forever to do that.

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I was lucky enough to befriend and work for Darkstar, reporting FX Orderflow news for $250/week.

This seems to be a Charlie Koh video? Babypips members can find what they need to know about him right here in the forum -

He’s had countless different profiles here, many banned, some apparently still not. :open_mouth: :zipper_mouth_face:

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Maybe this profile @NumberSIM22 belongs to same scammer as he indirectly promoting scammer video.

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Sounds so easy on paper but in reality trading is much harder. Even if a strategy looks perfect in backtests, real markets are full of surprises like slippage, changing conditions, and emotions. Making consistent profits takes a lot more than just four steps.

Not “maybe”. Definitely.

He was posting his Youtube video. The moderators removed those posts but apparently won’t disable the profile, and now he’s spamming it a different way with text rather than the clickable video.

Honestly, the way things are going around here, you and I are both more likely to be removed than Charlie Koh! :unamused:

You can find a profitable trader on Youtube, but only if they post their Myfxbook link. But you can find them all directly through myfxbook search. Wouldn’t it be easier?

Of course trading is hard. No one said it was easy. Each of those 3 steps has lots of smaller steps. But trading is more than hard, it is impossible for those who don’t follow those exact steps. As for steps 1 and 2, instead of learning the basics online for free, and instead of learning only from some real profitable traders, most people pay thousands dollars to “mentors” and scammers who claim to be profitable. People don’t even bother to check if those “mentors” are indeed profitable. Guess what, they never are, because if they were, why would they sell courses for thousands dollars?
As for step 3, People don’t understand some basic concepts like back testing. People simply trust strategies they saw online and try trading them. That’s ridiculous.

Slippage is the only (The only!) thing you can’t back test, but it happens only during the news and rollover. So you can simply filter out the news from your strategy. Any way, you don’t have any other means besides back testing, in order to see if your strategy works. Because all you have a glimpse at is the past.
Emotions don’t interfere, if your trading is automated. And it has to be. If it’s not, you can’t even reliably back test.
Changing conditions are exactly why you need to constantly back test and adapt your trading rules.

Of course, as we mentioned above, it takes many steps. But if those steps are not the building blocks of the 3 steps, then the road leads nowhere. By the way, those 3 steps suit for mastering any occupation in the world:

  1. Learn the basics
  2. Learn from the best
  3. Test and try.

Well known scammer

No he’s not. I know him personally.

Selling books and posting anything except his verified track record. Of maybe you have his Myfxbook link? Any other 3rd party resourse?

He trades futures now. Only centralized exchanges for others. Same reason George Soros doesn’t have a MyFXBook or a track record online.There was no MyFXbook or Trade Explorers in 2010. I watched him trade 50 lots at a time in stop hunting. He never made any money selling the book that he wrote in 2011.

Look at his first $50k trading day and how he did it. You’re just a noob that wouldn’t recognize a real trader. His forum posts alone were enough.

Oh futures? Fine, there are several 3rd party platforms that futures traders can link and showcase their futures accounts: Collective2, TradeStation TradeLeader, NinjaTrader etc. No verified record = no profitable trader, unless it is a real star like Soros that had led a profitable hedge fund and his net worth is verified.

My mentor. Not anyone else’s.

I hope you don’t mean what Step 3 implies -

  1. Invent a completely new strategy, as a complete novice trader, which nobody has ever thought of before, and which works better than anything you could have got out of a well-written second-hand trading book

Becuse that would mean Step 3 could potentially be a lifetime’s work…

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Well, if you forward tested his strategy and it works for you then congrats, you were lucky. Most people don’t have a life time and money to pay for and forward test lots of “mentors” while 99.9% will be scammers. Much easier is to find one or several proven profitable traders and learn from them.