WELCOME TO MARKET MASTERS

The #1 Trading Commmunity Helping Traders Worldwide

If you are a trader or complete beginner looking to make the most of your investments then you came to the right place! Market Masters can help you with that! Our educational resources are designed for traders of all skill levels and provide key strategies to help you in the financial markets. With our tools, you can start trading smarter and make sound decisions backed by reliable data. Get started now and take your investing to the next level with Market Masters!

WELCOME TO MARKET MASTERS

The #1 Trading Commmunity Helping Traders Worldwide

If you are a trader or complete beginner looking to make the most of your investments then you came to the right place! Market Masters can help you with that! Our resources are designed for traders of all skill levels and provide key strategies to help you in the financial markets. With our tools, you can start trading smarter and make sound decisions backed by reliable data. Get started now and take your investing to the next level with Market Masters!

What is Forex?

MEET THE FOUNDER

Ricky Andrade

Ricky Andrade is the visionary founder of Market Masters, a dynamic force in the world of Forex trading. With over 8 years of hands-on experience in the forex market, Ricky has honed his trading skills to perfection. He has not only mastered the intricate art of currency trading but has also made it his mission to empower fellow traders on their journey to financial success.

Ricky's journey began as a passionate forex enthusiast who was eager to unlock the secrets of the financial markets. Through years of dedication, research, and countless hours of trading, he transformed himself into a true market master. Recognizing the need for a guiding light in the often complex and volatile world of forex, Ricky founded Market Masters.

Under his expert guidance, Market Masters has become a beacon for traders seeking knowledge, strategies, and support to navigate the forex landscape successfully. Ricky's commitment to education and his genuine desire to help traders realize their potential have turned Market Masters into a community of like-minded individuals striving for financial freedom.

Ricky Andrade's experience, expertise, and dedication make him the driving force behind Market Masters, and he continues to lead the way, sharing his wisdom with traders, both seasoned and aspiring, to help them achieve their financial goals. With Ricky at the helm, Market Masters is not just a company but a movement, shaping the future of forex trading.

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Frequently Asked Questions

Who is Market Masters for?

Market Masters is designed for ambitious individuals of all experience levels from complete beginners to seasoned traders, the services have been designed to be beautifully simple whilst delivering the highest value of knowledge the market has to offer. Don’t worry about the ins and outs, we will take care of you!

Who is Market Masters NOT for?

It isn’t designed for folks that are looking to get-rich-quick, haven’t considered their finances going forward, have a negative attitude or don’t want to put in the work… Simple as that.

What if I have zero experience?

Well, you’re in the right hands! All of Market Masters education is stripped down to its most simple form to allow novice traders to understand every facet of the course whilst keeping it in-depth to hold the attention of more experienced individuals. No matter if you are a complete beginner or an experienced trader with 3 years in the field, you will find value in my services.

When can I start studying ?

You may enroll any day of the year. Be online and start studying within a matter of seconds after enrolling.


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5 Things Forex Newbies Usually Learn In Their First Year Of Trading

October 15, 20224 min read

Introduction:

Over the years, I got a chance to talk to many bigginner traders that joined into Market Masters Academy who were just getting their feet wet in forex trading.

I’m sharing with you a list of what they said are the most important lessons that they’ve learned so far.

I’m sure you can relate to at least one or two points:

1. Stick to the plan

A lot of traders mistake trading plans for a set of rules that may or may not be followed when executing a trade.

There is nothing binding you to follow the plan and there are times when you feel that the trade won’t “work” if you stick to it. As a result, you take trades on gut feeling, making sudden adjustments and deviating from the plan at the first sign of trouble.

What you should remember is that a good trading plan is a dynamic set of guidelines, a product of hours upon hours of analyzing, testing, and refining.

If applied consistently, your trading plan could also give you an edge. You take away this potential edge every time you deviate from the plan.

One way to help you stick to the plan is to keep a detailed trading journal showing your statistics. Once you see that your trading plan does work and is yielding positive results, it could give you more motivation and confidence to stick to the plan and follow through.

2. Be patient

Forex trading concepts and techniques are simple and easy to learn.

What’s hard to learn is how to be patient and disciplined enough to consistently make good trading decisions.

Patience in forex trading can be as simple as waiting for good trading opportunities or for the price to hit your entry and exit levels. It can also be as difficult as cutting losses, letting winners run, and diligently developing a trading system that works for you.

3. Practice risk management

Risk management is what separates a trader from a gambler.

Simply put, we’re in the business of making money and, in order to make money, we have to manage our risk exposure.

 

This means no overleveraging or risking more than you can afford to lose; no moving or disregarding of stop losses, and always practicing proper position sizing.

 

If you haven’t yet, read all about what margin, leverage, and drawdowns mean. They sound intimidating but they would help a lot in designing your trading plans and minimizing your losses in the future.

Experiment with position sizing and ALWAYS use stop loses. While it’s easy to just hit the “buy” and “sell” buttons or bet half of your account in every trade, they won’t help you find your edge enough to be consistently profitable in the long run.

4. Trade what you see and not what you think

2022 is being peppered with market price action that’s different from how price reacted to similar events in the past. Multiple and steep interest rate hikes, for example, have inspired muted currency reactions because every major central bank is doing the same thing anyway.

A consistently profitable trader is open-minded and prepared for alternate price behaviors. Just because you’ve had a string of wins doesn’t make you a demi-god of forex price action (though that sounds like a good job title).

As we’ve seen in the past couple of months, you’re likely to win more trades if you trade what your charts are telling you instead of hanging on to your existing biases.

5. Run your own race

Every trader has his/her own trading journey.

Nowadays it’s easy and tempting to constantly compare yourself to others’ trading performances. But just because one dude from the forums is making pips rain doesn’t make you a lesser trader.

How you perform has nothing to do with how others perform. Any comparison will just likely make you doubt yourself and make mistakes trying to outpace the “competition.”

Take the time to evaluate existing trading strategies and see if they suit your trading personality. What works well for others may not necessarily work for you.

Focus on improving your past performance record, rather than looking at how other traders are doing. Focus on the process, not the profits.

Global leader of cutting edge coaching and training

Ricky Andrade

Global leader of cutting edge coaching and training

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