Purpose of the four stage course
After you pass the nurturing programme assessment you are now qualified to enrol on to our four stage course. The primary goal of this programme is to become an independent trader able to confidently trade the markets and evaluate their losing and winning trades in accordance with their trading plan.
Create a trading plan that is suited to your psychology
Achieve overall 250-500 pips regularly
Be able to trade with good risk management
Why is a trading plan important?
Many overlook the importance of a trading plan, however without a plan you are planning to fail. Hence why we assist you in creating a basic trading plan even from the nurturing programme and in the four stage course build on the basics to be able to then focus on the input metrics + output metric = result metrics and make all three work cohesively and efficiently as possible.
For example someones trading plan may be built on the foundation of 1hr input a day (input metric) + short term trades with 1-4hrs of waiting time (output metric) = 5% weekly goal (results).
Why have a pip target and not just a percentage target?
Pip target is as important as a percentage target as it allows a trader to focus on the most efficient risk to reward setups for different types of trades, once they have find their preferred way of trading style which yields consistent pips they can then implement the same plan consequently in to a % targeted plan to have a smooth transition.
Why is risk management key?
One reason many want to get in to trading is because of the freedom it offers and whilst it is lucrative monetarily, it also involves a heavy test of self control which a normal day job does not. You are in control over your own money, over how much you make and how much you lose so it's essential you are able to not only focus on the upside targets but also how much risk exposure you put yourself in to for each trade by trading on a demo trading account.
