Trading is one of the most fascinating and exciting professions in the world. It promises huge profits, financial independence, and the ability to work from anywhere. But with great rewards come great risks, and 90% of traders fail.
Why do so many traders fail? Let's explore the reasons.
📚Lack of education: Many traders jump into trading without the proper...
❤️As an aspiring trader, you might have found yourself daydreaming of a life filled with endless profits, exotic vacations, and luxury cars. You might have even started to imagine yourself as the next Wolf of Wall Street, impressing your friends and family with your wealth and success.
💜But the reality of trading education is somewhat different from the...
Hello again! Interest rates can have a significant impact on the forex market , as they can affect the demand for and supply of different currencies. In general, higher interest rates tend to attract foreign investment and increase the demand for a currency, as investors can earn a higher return on their investments. This can lead to an appreciation of the...
If you are a professional trader or plan to become one, Money Management is your #1 job. You could be the best chart reader or statement analyzer in the world but if you have poor money management you will still fail. In order to succeed you first have to last, and to last in the trading business you must be able to handle risk and manage it accordingly.
How you...
What is Expectancy?
Expectancy is the one of the most important statistics in trading. Expectancy is how much you expect to make per trade. If you have an expectancy of 0.3 that means you make 30% of your average risk per trade. If you risk $1000 per trade, then you would receive $300 on average for EVERY time you took a trade.
The baseline for a worthwhile &...
The O’s in your trading game that have to go are shown drawn on the chart.
The three O’s in the idea can all overlap one another and allowing one to creep in can lead to any of the other also creeping in to your trading.
We have all suffered at some point in our trading journeys of these three phenomena.
All of these O’s can lead to capital being impacted and...
Almost all traders understand the concept of a drawdown - a period of loss making. A trader is not going to have a 100% trade win rate - there will be losing trades - and there will be times of consecutive losing trades.
For some reason, despite understanding this concept, many traders don't ACCEPT this concept. Let me explain... As soon as a trader hits a...
EXPECTANCY is a formula you use to determine how reliable your system is.
You should measure all your trades that were winners versus losers, then determine how PROFITABLE your winning trades were versus how much your losing trades lost.
