Watch Video for an update on AUDJPY! All trading zones are explained and a potential retest trade is described with the Fibonacci tool. Target Areas are also explained!
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Every good but I have a question? 90% of traders are taught to trade similarly yet 95% of traders fail in trading. Is there a correlation ?
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@Donajor8, Good question! And one thing about trading I learned is to keep trading as simple as possible so that you can understand the charts and gain the confidence to trust in your analysis to execute your plan. I know you've heard this before but trading is about 90% mental. The skills I am showing and using I learned in only a year, but the hard part that took the most time and the part most traders can't get past is themselves and overcoming their own minds such as emotional control, patience, greed, fomo, and the list goes on. The reason why trading is so challenging is because every trader's journey is different and each trader will have their own unique flaws and mental things to work on by themselves. Each trader's success depends on how deep they want to take the skill and how deep they want to dive inside their inner being and fix the things about their personality that are causing them to make certain decisions while trading. Trading depends a lot on self-awareness and being able to see the flaws so you can tweak them, it's about learning from the failures and turning them into lessons. One thing that turned the tables around for me is taking those lessons I was having and actually learning from them, taking notes, and making different decisions based on that lesson. One thing I would say is to never give up and to see each failure as a stepping stone to success and know that you're only getting better and building more confidence in your trading. Once you get to a point where you're not doubting your own analysis and you have confidence in your skill that's when trading becomes a cakewalk and less stressful because the confidence allows you to let your plans play out and allows you to execute more precisely for each trade.
I have more knowledge to share on how to develop your skills with your mindset. If you would like to develop your skills with me on my journey to becoming the best trader I can.. join along and I would love to teach you everything I know