He now runs one the largest and fastest-growing beginner trading education companies in the world whose main goal is customer success.
Just last year through the global pandemic, Nick Deflorio made over $250,000 in profits and has helped more than 400 students break free from their solo incomes and create a lucrative amount of $500-$1,000 a day as an income. To be successful in online trading just like him and his senior coaching team, you may follow his top 5 recommendations:
- You need a technical analysis strategy – This is how you will find trades daily, not just any trades, extremely profitable ones. You need to strategize and analyze the market carefully using the correct method that you learned from the experts.
- Risk management – You need to understand how to manage risk so you aren’t losing money and increasing your account balance. Always remember that high risk equals high rewards. This is very common in online trading.
- Risk to reward – Now you need to make sure that your strategy is actually profitable and you are always looking to profit at least three times more than we risk, meaning if we are risking $100 on one trade, we would be looking to make a profit of $300.
- A plan and an execution strategy – The theory is one thing, but having a plan to execute is key in trading. It is important to create an effective plan, know the pros and cons and then execute it.
- Community and support – Trading can be lonely, you need to be surrounded by like-minded individuals like you who want the same goals of financial freedom and want to get this right. People with one common goal and who will support and guide you is essential.
Nick Deflorio believes that this is an effective guide for someone who wants to attain success in online trading. Also, he would like to emphasize that this will allow beginners to start with a small capital and will eventually turn this into a lucrative six-figure online business within a year. He encourages every person that anyone can do this; all they have to do is simply learn and follow the strategy that is available, as they don’t need to be in front of their computers full time. The strategy will only require a short period analyzing the markets using their phone or laptop. Also, he assures that trading has no overheads. It has low start-up costs. It can be done anywhere as long as you have your internet. It is easy to learn but hard to master if you don’t have the right guidance. And most importantly, education is the key. You have to invest a certain amount of money to enroll yourself in any online course and acquire more knowledge to be more equipped while trading. Onyx Forex will provide all the process and strategy mentioned above plus full-time assistance and step-by-step coaching the entire way.
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