How to Trade the Turn
By Lira Kakaru
()
About this ebook
The best way to take emotion out of trading is to have a rule based criteria entry and exit which if combined with an algorithmic strategy which places your trades for you, you’ll have a much higher probability of having a positive outcome and by trading in this manner you can be truly be hands off.
The key to producing unlimited trading income in any market on any time frame is by having a strategy that anticipates market turns and market moves with a high degree of certainty. The process of identifying the most likely turning points in any market is fairly easy once you know what to look for and where to look for it.
The information in this book will empower you to know who and what to look for in order to take advantage of the market turning points where you can make the most money. The 3 things that kill traders accounts are impatience, fear and greed, why not take all of those out of the picture and trade with confidence and zero fear, the easy to follow principles in this book will empower you do that and begin to make an unlimited income from trading any financial market you desire to work in.
Related to How to Trade the Turn
Related ebooks
Trading your way to Retirement Rating: 0 out of 5 stars0 ratingsTrading with a Kill Everyone Mindset Rating: 4 out of 5 stars4/5Simple Supply and Demand Trading Strategy for Beginners Rating: 3 out of 5 stars3/5How to Trade and Win in any market with High Probability Rating: 1 out of 5 stars1/510 Ways to Trade with an Edge Rating: 1 out of 5 stars1/5The Set it & Forget it Trading Method Rating: 3 out of 5 stars3/5How to be a Winning Stock Picker Rating: 0 out of 5 stars0 ratingsBest Tips for Low Risk High Profit Trading: Beginner Investor and Trader series Rating: 0 out of 5 stars0 ratingsAdvanced Trading Techniques for making High Profits Rating: 0 out of 5 stars0 ratingsMind on Money – Money on Mind Rating: 0 out of 5 stars0 ratingsBeginners Guidebook to Supply and Demand End of Day Trading Rating: 0 out of 5 stars0 ratingsSupply & Demand Trading Bible for Day Trading Beginners Rating: 3 out of 5 stars3/5Financial Market Speculating for Beginners Rating: 0 out of 5 stars0 ratingsTrading without Indicators Rating: 3 out of 5 stars3/5How to Compose a Winning Stock Trading Plan Rating: 4 out of 5 stars4/5How to Master Trading Performance Rating: 0 out of 5 stars0 ratingsSupply & Demand Day Trading for Futures: Brand New ETF's,Forex, Futures, Stocks Day Trader Series, #2 Rating: 0 out of 5 stars0 ratingsTrading Forex like a Wall $treet Bank for Beginners: Brand New Day Traders Learning Series, #1 Rating: 0 out of 5 stars0 ratingsTrading with a Contrarian Mindset Rating: 5 out of 5 stars5/5Supply and Demand Traders Black Book Rating: 3 out of 5 stars3/5How to Make Bank from Trading Rating: 0 out of 5 stars0 ratingsBest Tips for Stocks Futures and Forex Trading Rating: 0 out of 5 stars0 ratingsBible of Supply & Demand Trading for complete Beginners Rating: 1 out of 5 stars1/5Best Tips for High Profit Day Trading Rating: 4 out of 5 stars4/5How to Develop a Kill Everyone Trading Mentality Rating: 4 out of 5 stars4/5Advanced End of Day Trading Rating: 1 out of 5 stars1/5How to Trade a Daily Chart with $uccess: New Day Trader and Swing Trader Educational Series Rating: 2 out of 5 stars2/5How to write a Rule Based Trading Plan as a Beginner Trader Rating: 0 out of 5 stars0 ratingsTrading Like Wall $treet Instead of Main Street Rating: 0 out of 5 stars0 ratingsHow to Trade small and Earn Big Rating: 0 out of 5 stars0 ratings
Investments & Securities For You
Day Trading For Dummies Rating: 3 out of 5 stars3/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5The Only Investment Guide You'll Ever Need Rating: 5 out of 5 stars5/5Stock Investing For Dummies Rating: 5 out of 5 stars5/5The Money Game Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5How to Invest: Masters on the Craft Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5Options Trading For Dummies Rating: 0 out of 5 stars0 ratingsLong-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties Rating: 5 out of 5 stars5/5Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Rating: 4 out of 5 stars4/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Small and Mighty Real Estate Investor: How to Reach Financial Freedom with Fewer Rental Properties Rating: 0 out of 5 stars0 ratingsJust Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5A Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life Rating: 5 out of 5 stars5/5
Reviews for How to Trade the Turn
0 ratings0 reviews
Book preview
How to Trade the Turn - Lira Kakaru
How to Trade the Turn
Make an Unlimited Income Trading the Financial Markets
By Lira Kakaru
Copyright 2017
How to use this book
This book is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any traders success in the financial markets.
Use this book as an overview or a guide if you will, to what to study and learn first to become consistently profitable from investing and trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.
Instead of trying to read this book fast I recommend that you go slow and look up and search for the main things the book talks about that will help you to become successful and begin to make an unlimited income right away. Skip over anything that is important and it could for sure cause you to lose some money, no one wants that now, right?
If you need to study each principle one at a time so you can fully grasp it so be it, you do not need to be in any hurry, the market is always going to be there waiting to give you a chance to make money, you can start trading today and making money today on as little as $500 capital to start with.
I also did not put all the history of financial markets and all the stats in this book, you can look all of that up online at your leisure if you want to know that information, while it is good to know, it will not make you real money in the live financial markets every day.
You’re asking yourself what will make you money and an unlimited income every day in the live markets. Let’s get to it shall we.
<<<>>><<<>>>
Table of Contents
How to use this book
You should answer all of the why
questions before taking any take action
Reading supply and demand on a chart is easy once you know what to look for and where
A quick word about money management
It’s all about your trading method
3 things that will help you win more trades – large PM, correlation, confluence in signals
Higher time frames equal higher probability
Why you need to always look at the bigger picture
Market timing at its best
The easiest fastest method of trading to see the turn
What is VAR value area recognition?
Extra links
Glossary
Disclaimer
You should answer all of the why
questions before taking any take action
Begin with the end in mind I always say. There are a lot of things to consider when thinking about becoming a professional market investor and trader especially if you are doing it as a self-directed trader. You are the one who is making the decision to get into the trading and investing business, no one is making you do it. It is a big step for someone to take the plunge into the world of making money with money, one has to look inside one’s self and ask some very hard questions before they start driving their own money train down the tracks to riches in the live markets.
It is very important to have figured out what your ultimate goals are before you step foot into the markets with your hard earned real money. Questions I ask new people are: are you trading for short term income or long term wealth building? Are you trying to build up your account balance to be able to take on more risk and trade larger size? I ask them why they want to do this business. I ask them if they know what their goals for the long term are and if they are thinking with a long term perspective.
If an investor or trader especially a new one cannot answer these questions right away I just encourage them to stay out of the live markets until they can answer them and be honest. I also will ask them how much capital they plan to enter the live markets to work with; there is no point in trying to enter the live markets with scared money.
New people coming into this business make a lot of mistakes, one being that they don’t know what type of investor or trader they want to be. So when starting out ask yourself, what kind of investor or trader do you desire to be? You should know this before beginning this business.
Here are some of the main things you need to ask yourself and have made a decision on before you get going. Are you trading for short term income? Are you trading to build up an account balance so you can start trading multiple shares, lots or contracts? Are you trading for long term wealth goals and/or retirement and wish to be a buy and hold type of investor?
Figure out what style of investing or trading suits your personality the best. Do you want to day trade, swing trade, or position trade? What kind of time are you looking to put in on a daily basis? What kind of returns are you looking at monetarily? Are you the type of person who has a lot of time to devote to looking at charts in the live market to be a day trader? While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders, but if you are going to try it, this book will tell you how you can do it with as little as $500 to start off.
There are only a few different ways to be a market speculator - which way is best for you? You would either become an intraday trader, a swing trader or position trader. Do you like action? Maybe you want to be a scalper and get in and out of trades very quickly and take many trades in one day, you need a speedy internet connection for this type of trading.
I am sorry to inform you that there is no such thing as scalping unless you are an algorithm. Are you an algorithm? I think not! Even if you could scalp you would need to be using an account size of five hundred thousand dollars or more to make it worth the costs that you would incur doing that type of trading. Don’t be a kook and try it because as a retail trader you will lose all of your freakin money. ALLLLL OOOOOF ITTTTTT!
The next thing you need to make a decision on before doing anything is how much money you plan to capitalize your new investing and trading business with. As has been said before and will be said again right here and now, only trade with money you can afford to lose.
Here is a visualization you can do to get that last sentence in perspective as a newbie. Picture yourself throwing your starting capital into your barbeque, turning the barbeque all the way up to the highest flame or like we were discussing earlier throwing all your hard earned money into the bon fire at the party you’re throwing for yourself for starting your new trading business then watching your money burn up in flames and smoke right before your very eyes.
If you want to swing trade, you will need to have the capital in your account to handle the overnight margin requirement of whatever your chosen instrument is to work in. CAUTION: If you are new and have to use leverage to trade, you just shouldn’t trade. Stay out until you have sufficient capital to go into the market and be able to