They pay close attention to the market day to identify opportunities within a specific period of time.

In short: Stop watching YT videos, reading endless blog posts and forum threads, drooling over other people's results (even if they are genuine! Therefore, one of the crucial changes to learning how to trade forex for a living comes from how to approach the market. Unless trading for a living comes from running an expert advisor (trading robot) on lower timeframes, a full-time forex trading strategy comes from interpreting the daily and higher timeframes to avoid the “noise” in the market. This gentleman is clearly smart and I gained some good nuggets of wisdom from listening to this on CD. This means learning and implementing a specific strategy, but just placing random trades and getting lucky.

Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. They rely on day trading software, algorithmic trading, and their own trading strategies to make rational decisions. Being a successful day trader does bring prestige, but it also requires careful planning and proper risk management. In 2 years of trading and learning I see there’s a lot of BS out there, many charlatans, but this reads like an account from someone who really does it for a living.

Develop winning habits and adopt a positive mindset to be able to get over the obstacles of Forex trading, as well as overcome your own unhelpful tendencies (over-trading, trading out of boredom, trading impulsively, and cognitive biases such as anchoring, recency, confirmation, addiction, loss-aversion, etc). You can get inspired by these stories, but don’t compare yourself to these people – their situation is completely different.The best approach is to keep the pressure low, and the expectations similarly low, to begin with at least. Maybe you want to be a trader, but as discussed in some of these sections, you don’t have to ONLY be a trader.