Christoph Josef - 30 Minute Trader

30 Minute Trader

10 Ways to Make Unlimited Money Trading 30 Minutes a Week

By Christoph Josef

Copyright 2018

How to use this book

Minute Trader 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.

U se 30 Minute Trader as an overview or a guide if you will, to what to use to become consistently profitable from investing and trading. I give you concise information as to what to do first and what to look for as far as further information is concerned to enhance your trading. I tell you only the most critical things to use first because those are absolutely the most important and the ones that will make you money right away if you do them.

I nstead of trying to read 30 Minute Trader 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 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 ?

I f 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. You should always try any new technique out on demo and perfect using it before you trade live with real money.

T his is not a history of the market trading book. You can look all of that history crap 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 markets every day. You should already know how to read and build out a price chart and be using supply and demand as your trading method if youre going to use these techniques to make unlimited money from trading only 30 minutes a week and also be using a rule based trading plan which you can incorporate some of these principles into.

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The only way youre ever going to become rich from trading

I s money management and if you love your money youd better read this chapter carefully!

T his section is worth its weight in gold and the information is priceless for a brand new self-directed trader and while lengthy it is worth every cent you paid for this book . If you have zero experience or have already started your trading business but have begun to falter its OK. The information I am going to give to you in this section is the most important information you will ever receive in your trading career about money so I encourage you to really take the time to absorb it and follow it if you would like to be a consistently profitable market participant.

S trict money management and risk control is essential to achieve long-term success in the financial markets. The high level of leverage and margin available to traders makes it important to manage risk exposure and to avoid overleveraged positions. As I said earlier, if you are going to use leverage or margin you had better learn everything about it and what can happen to you if you get jammed up on a trade going bad on you always trade with a stop loss!

I f I had only 1 tip I could give brand new investors and traders coming into the business who have zero knowledge and have not done any research, training or education yet, I would tell them to study money management and risk management first before they even begin to look at any other information about the investing and trading business. If you only take away one thing from reading this entire book I would tell you it should be that to study money management and risk management first will be the most important thing you have ever done for yourself as an investor and trader.

N ew people do not spend nearly enough time learning about risk management and money management and it gets them into trouble right from the start. You need to have a risk management plan to be able to be consistently profitable in investing and trading in the live markets. If you dont, you mine as well write a check to your broker for the entire balance of your capital account because you will undoubtedly lose every bit of it without a rules based trading plan.

B eing wrong in trading isnt wrong however staying wrong in trading will be death to your account! Your job in your investing and trading business is to be a money manager not a money maker. You get paid to take risks yes, however you have to be an expert at controlling them, the money is just a byproduct of that function. The truth of it is simple, money management wins over time there is no other way to put it.

A ll of the people I know in this business who are money makers actually do not even worry about making money, their sole focus is preserving the capital they already have . They manage their risk on every position at all costs and know that they can have a loser every now and then and are ok with it .

W hen people ask me for help getting started in the trading business one of the first things I ask them is if they have studied money management and risk management. To many times I have had people come to me for mentoring help and I ask them how much time they spent on learning money management. Most of the time, the answer I get is what do you mean; it never surprises me and is the response I anticipate.

I f a brand new trader takes the time to learn money management in the beginning there wont be any having to go backward in the learning curve, which can get verrrrry expensive . Unfortunately, no one tells new traders they need to study money management first and they are left to fill in the blanks themselves. Well now, if you have purchased this book and you are brand new to trading, you know that you need to study money management first if you dont want to lose money in the live market.

I find that brand new traders are quick to jump into trading their demo accounts once they have some knowledge about the mechanics of trading however they have spent very little or no time at all on learning money management. Once they start losing money right away they wonder what the heck is happening and why things are working like they thought.

E veryone wants to make some money in the live markets. That is what this business is all about however one must take the proper steps to make sure that they have all of the information to be able to do so in the live market. Without proper money management skills it is very easy to develop bad habits on the demo account which when taken with them into a live market situation can cause serious damage to a real money account and very quickly. These bad habits are very hard to break once they are developed and ingrained into the traders psyche.