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FACTORS NEEDED FOR ONE TO BE A PROFITABLE TRADER

OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
You WILL NOT be a successful Forex Trader until….

You are able to Master the 3 M’s of Forex Trading….

Point Blank…..That’s the Truth of it…

No If’s, And’s or But’s…..

But before you MASTER it….You gotta Know what it is.. Right?

You’re gonna want to write this down... so make sure you got your notebook handy…

So here goes….

The Three M’s of Forex Trading.

…...The First M stands for METHOD….

…...The Second M stands for MIND…..

……The Third M stands for MONEY MANAGEMENT…

That’s right….This is the 3 Pronged Key to Success in Forex...

Method, Mind, and Money Management….

You have to Master all three to be successful at trading….

It’s ABSOLUTELY true, if you stop to think about it….

……..You can have the Best Trading Method, but if your Mindset and Money Management are OFF, you WILL NOT succeed as a Forex Trader.

……..You can have the Best Psychological Makeup and Mindset, but if your Trading Method and Money Management are OFF, you WILL NOT succeed as a Forex Trader.

……..You can be a PHD in Mathematics and Finance and have the best Money Management skills, but if your Trading Method and Mindset are OFF, you WILL NOT succeed as a Forex Trader.

Enough Said….

I notice most traders working on Method more than any other part of this 3 pronged equation….

Which is FINE….but to their own determinant most times….. cuz if and when they finally do master the Method part….they still cannot seem to understand why they are not profitable….

Many times….it takes these traders years to realize the importance of the other two missing ingredients….

So start thinking about this... and try to incorporate this 3 dimensional outlook when approaching your trading…..

Listen…..You’re not going to MASTER this overnight….

But the Good News is….Knowing is Half the Battle….So you're Half way there now…
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