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Why most people fail as retail traders?I see two main reasons which complement each other for the high rate of failure. First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This is, of course, not true. Theoretically, anybody can do it if willing to put the effort and approach it as a business. Practically almost nobody approaches trading with the same rigorousness as any other professional endeavor. Let’s put aside the first reason, about which there is not much we can do. A big chunk of the industry relies on peoples being naive and we’re not going to change that. On top of the first reason, we have a second reason related to people themselves. Most of those who try trading financial markets simply don’t manage their emotions and risk well enough to survive the learning curve. Managing your own emotions turns out to be a complex endeavor and constantly changing market conditions lengthen the learning curve. One of the things that makes this business so attractive is also the main thing that makes it so difficult to master. The direct and sometimes violent feedback you receive from the market, after each trading decision, has an astonishing impact on a human’s ability to keep his psychological well being in check and control his own reactions. It has the potential to disrupt executive functions and trigger instinctual “fight or flight” responses. This leads to emotional trading or trading on tilt which quickly generates more losses than any other mistake you could make in this business. Most other jobs have a protective buffer zone between usual day to day work decisions and the ultimate feedback — end of the month paycheck. This profession doesn’t. Every little call you make has an immediate impact on your capital. Every little mistake can take a portion of your capital away and every good decision can bring it all back and more. This kind of psychological exposure is heavily distressful and being aware of its mechanisms makes a huge difference. So … psychology differentiates the pro. Don’t get me wrong … professional discretionary traders are not emotionless but are much more aware and in control of their reactions. The successful pro deeply understands that trading is mainly about people's perceptions and the rest are just details. You may ask yourself how can such a level be reached? A starting point is to stay away from any market, financial instrument, time frame, trading technique, or any combination of those that doesn’t fit who you are deep inside. The least the exposure to triggers that can awake the demons within, the best. Always seek strategies that you understand and match your inner self. For example … if you are impatient trade shorter time frames, if you are very risk-averse don’t use huge margin, if you are risk-averse but you don’t have enough capital use margin with a tight risk management (maybe options), if you have a statistical mind try quantitative approaches etc. There are infinite possibilities to adapt to yourself and is a must to do it if you want to have a chance. It always amuses me to see the vast majority of educational resources geared towards what market does when most of the success in this business is knowing how you adapt to the market, whatever it may do. And, of course, the market is, more or less, the other traders.
COINBASE:BTCUSDEducation
by Mihai_Iacob
1
Learn how to create a setup using 5 price action itemsToday we will learn how to create a full setup using 5 Price Action items. This process will be made on the 1H chart and is extremely useful for Swing setups. However, the logic can be applied in any timeframe. This can also be applied to any direction today; we will work with a short setup, but it is the same for a long setup. 1) Daily Resistance zone: If we are working on the 1H chart and the price is about to face a Daily Resistance zone, we should expect a reaction there; WHY? Because The higher the timeframe of a level, the stronger it is, and we should be ready for a reaction there. This should be the first filter to use: The price is about to face a higher degree zone. 2)Define the minor support and resistances of the current trend: If we are waiting for a reaction on the Daily Resistance zone, it is essential to understand the levels we have on the current trend. WHY? Because we will use them to define the next target and the Corrective structure's location to trade. 3)Wait for the breakout of a relevant trendline: In this case, we want to see the price breaking the Ascending trendline; WHY? Because that would be a signal that the Reversal movement on the Daily level is going as expected. The breakout of the Ascending trendline is a key element: Know the conditions are optimal to start thinking on a short setup. 4) Wait for a corrective Structure on the minor Support zone: Corrective Structures are ABC or ABCDE patterns. You should be able to draw edges on that sideways movement. You can define that is ready when you have something like the example you see on the chart. 5) Now, everything is aligned to develop a setup. Your bearish idea is supported with all the previous 4 items; only at that moment you can say I will create a short setup. Define your entry-level below the structure or below "B, set your stop above "C". Define your Target on the next minor support/resistance zone. Pay attention to the risk-reward ratio you have; only take setups with a R/R ratio higher than 1.5 Thanks for reading! We hope this Template can help you with your trading.
BITSTAMP:BTCUSDEducation
by ThinkingAntsOk
3
How to use Corrective Structures to develop a SetupGreat day to learn something, today; we will understand how to use corrective structures to develop a setup on any chart. a) There are 3 types of Corrective Structures, Zig-Zag (first example), Flat (Second Example), Triangles (third example). Use them as an archetype to spot them on a chart. b) Now that you understand the types of corrective structures is time to look at one on the chart ( you can see a Flag Pattern on the real chart) c) Should I trade all the corrective structures I see? NO, YOU DONT! You need Context. Your corrective structure must be well-positioned on the chart, it can be a Trendline, or it can be a Support. Never trade isolated patterns. d) Then you need a clear path in the direction you are expecting. In this case, we are at All-time Highs, so we don't have any Resistance e) How can I calculate my target? Use Fibonacci Extensions. Draw it from the base of the impulse towards its top (where the corrective structure starts) and then take it back to the impulse's bottom. Pay attention to 2 levels only 1.27 for Break Even, and 1.618 for Target f) Only take setups with a risk-reward ratio higher than 1.5 Have a Great Day!!!
NYSE:CRMEducation
by ThinkingAntsOk
28
How to Trade the Breakout of a Range 101In this post, we will learn how to trade the breakout of a clear range. Let's start learning. a) First of all, we need a clear Range ( we can say that is clear when we have a support and a resistance level and the price in between for a considerable amount of time) b) From a technical perspective, the expected movement after a range is broken is the extension of it in the broken direction (green arrow) c) Also, we will see how that projected movement fits in the context of the chart. In this case, we will look for the next resistance zone. d) The correct way of identifying a resistance zone is by looking for clear reversal movements in the past. Ignore small corrections. Look for reversal movement and define it with a horizontal line ( in this case, we used 2 yellow arcs to show the idea) e) Now you can see two things. 1) The projected distance of the range is very similar to the distance towards the next resistance zone 2) You have good space to try to catch a wave f) But how can I trade a situation like this? You need a CONFIRMATION. In this case, we always wait for corrective structures (remember that corrective structures can be Flat, Zig Zag, Triangles, or Irregulars) g) Wait for a clear corrective structure on the Edge of the broken Range. IF that happens, you need to define its edges, and from now, it's straightforward. (You can also look for a corrective structure on a lower timeframe; for example, if you define the range on the 4HS chart, you can change your timeframe to the 1H chart.) h) Open positions on the Breakout of the structure, Set stop loss below the structure, Set take profit on the next resistance zone, Define the risk you will take on the trade i) Use this as an archetype on how to trade this type of structure. Have a great day!
NYSE:GEEducation
by ThinkingAntsOk
Candle AnatomyDecided to start posting content. Going from Basics to more advanced topics, little by little. If you're just starting to learn how to trade, here's the first thing you should know. What's a candle? A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. -The candle has an open and close price point in time. If the movement is upwards, then the candle will close above its open price. Consequently, if the movement is downwards, the candle will close below its open price. -The wicks will show the highest and lowest prices in the market at that moment. -When looking at the market structure, it's important to look at the body of the candles, not the wick. -For identifying liquidity, it is important to look at the wicks. *The information I am sharing is mostly for new traders. *I am not Certified to give out any information, but I enjoy trading and enjoy sharing what I know as well.
UEducation
by irispao
1
Bank nifty... what can happen next!!!Out look for banks degraded loan moratorium hearing still pending!!! Plenty of bad news and much much of frustration for bank nifty bulls. This month is testing some nerves now! What can happen now, 21600-21500 is the strongest support we can have in September month if broken and shattered we can see 20900-21100 coming up ahead... with news playing its part bank nifty can pull down the nifty as well. So you can buy around 21750-21800 with sl of 21600 and target of 22000-22100-22200 and you can sell on rise as well with sl of 22250 for bull to be back in action 22550-22650 should be crossed effectively. Comparing the option chain data we can expect a bounce back now not a trend reversal as such.
NSE:BANKNIFTYEducation
by CZARmihir
eLEARN ON 4 TYPES OF INDICATORSI was supposed to give some few tips on how to check some market movements through some of indicators which I Also use. Bullish or Bearish indicators are classified depending on what they indicate; They either indicate;Volatility , Momentum, Volume and Trend. I will give an example on each type. Volatility Indictors show price action change in a given time,Tells nothing about direction but how the fast the price will change for you to make profit. Example is Bollinger bands. Momentum indicators show how strong the trend is, with them you can detect when a pullback is going to occur or a reversal. Example is RSI indicator. Volume indicators show how volume is changing with time like the OBV. Trend indicators tell you which direction the market will be moving to like MACD. Mostly are oscillators. I will cover an example on each in 4 episodes. In Trading all indicators have their limitations and one can not depend only on 1 indicator , I will also show you on you can use several indicators combined. EPISODE 1 Bollinger bands - Volatility Indicator. They consist of a simple moving average, and 2 lines plotted at 2 standard deviations on either side of the central moving average line. The outer lines make up the band. Simply, when the band is narrow the market is quiet. When the band is wide the market is loud. Trading when market is trending, Bands try to squeeze to each other and that indicates that Breakout is about to happen either and Uptrend or down trend. If the candles breakout below the bottom band, the move will generally continue in a downtrend. If the candles breakout above the top band, the move will generally continue in an uptrend. An example of Bollinger indicating a breakout. Point to NOte: If the candles breakout above the top band, the move will generally continue in an uptrend If the candles breakout below the bottom band, the move will generally continue in a downtrend. Bullish Bearish When Trading in a ranges when coin is maybe accumulating or distributing, Bollinger bands act as Resistance and support at that particular time. When you want to enter the market, You can always enter at the bottom of the lower band and sell at the top band to avoid a breakout which may happen which could be a down move or uptrend. If you enter for a long at the bottom of the range or short at the top of the range, The price naturally returns to the average as time passes. That’s what Bollinger bands are all about; keep following, next episode is well lined up.
Education
by RicoBullS
EURUSD-2hr's Educational - 7 Steps To have A professional Entry🗒 Just browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined Step Number 1 Turn level Trend . . Play Support And Resistance Rule In The Past ----------- Step Number 2 Draw & Find Major Trend 3 Reversal's ------------ Step Number 3 Find Channel Formation Near The Price ------------ Step Number 4 Search For Highest Volume Bar From Price Area and Draw Rectangle that area ------------ Step Number 5 We Can Use Volume Spark As Very Good Target's level or take it as Station's for Price and Good Entry's ------------ Step Number 6 Draw Turn level Support and Resistance ------------ Step Number 7 Volume Profile Point Of Control So Important .. High Success Chance to Take Action Here -------------- For Example Shorting Position --- Break Out Point - For Example ---- 1.17000 Trend Break Turn level Break Turn level Break High Volume Break
Education
by GentleGoldenEngine
26
Trader's Guide to Credit SpreadsThe strategies and ideas presented in this guide have been designed to provide you with a comprehensive program of learning. The goal is to guide you through the learning experience so you may be an independent, educated, confident and successful trader. There are numerous variations of traditional options strategies and each has a desired outcome. Some are very risky strategies and others require a considerable amount of time to find, execute and manage positions. Spreads are a limited risk strategy. Spreads Spreads are simply an option trade that combines two options into one position. The two legs of one spread position could have different expiration dates and/or different strikes. Spreads can be established as bearish or bullish positions. How the spread is constructed will define whether it is bullish (rising bias) or bearish (declining bias). Different types of spreads can be used for the same directional bias of the stock. For example, if the stock has a declining bias, a call credit spread or a put debit spread could be opened to take advantage of the same anticipated move down. In this guide we will be talking about Credit Spreads , which are a limited risk strategy. Learning how to manage risk is as important as learning the details of a strategy. Credit Spreads A credit spread is created when an investor simultaneously sells-to-open (STO) one option and buys-to-open (BTO) another option. The premium received for the STO is always greater than the premium paid for the BTO thus creating a net credit to the account. Example : STO a call using the 120 strike for a credit of $5.20 BTO a call using the 130 strike for a debit of $3.80 Net credit for the spread is $1.40 = 5.20 credit - 3.80 debit The ideal construction of a credit spread is to sell-to-open (STO) an out-of-the-money (OTM) strike and buy-to-open (BTO) the strike that is 5 – 10 points further out-of-the-money (OTM) using the same expiration. When opening a call credit spread , further OTM means a higher strike. When opening a put credit spread , further OTM means a lower strike. Both legs are opened on the same underlying equity and use the same expiration month. Call credit spreads are opened when there is a declining bias and will be profitable if the stock moves down. This is because a call credit spread is opened for a credit and since the value of a call option decreases as the stock goes down, at some point the spread will be bought-to-close (BTC) for less than it was sold-to-open (STO). Here is an example: Stock trading at 500 and has a declining bias. STO 510 call BTO 520 call This spread creates a credit of $4.80 Stock declines to 490 causing the values of the calls to also decline. The position can now be closed for a profit. BTC 510 call STC 520 call The cost to buy back the spread is only $3.80. Since the stock declined in value, the call options are cheaper. The spread was STO for a credit of $4.80 and BTC for a debit of $3.80 resulting in a $1.00 profit. Put credit spreads are opened when there is a rising bias and will be profitable if the stock moves higher. This is because a put credit spread is opened for a credit and since the value of a put option decreases as the stock goes up, at some point the spread will be bought-to-close (BTC) for less than it was sold-to-open (STO). Here is an example: Stock trading at 520 and has a rising bias. STO 510 put BTO 500 put This spread creates a credit of $3.60 Stock rises to 530 causing the values of the puts to decline. The position can now be closed for a profit. BTC 510 put STC 500 put The cost to buy back the spread is only $1.80. Since the stock went up in value, the put options are cheaper. The spread was STO for a credit of $3.60 and BTC for a debit of $1.80 resulting in a $1.80 profit. Time decay is a positive factor in trading credit spreads. Since the position is opened for a credit, money comes into the traders account immediately. As time value decays, combined with a favorable movement of the stock, the value of the position will decrease allowing the trader to buy-to-close (BTC) the position for less than it was originally sold-to-open (STO). Risk and Reward on Credit Spreads Reward The maximum profit that can be earned from a credit spread is equal to the net credit received when the spread was opened. For a credit spread to realize the maximum profit, both legs of the spread would need to expire worthless which means the position would need to be held until expiration and be out-of-the-money at expiration. It is not advised to hold positions until expiration. Short term movements in the stock plus time value decay provide opportunities to close out positions for a profit of, generally, about 10%. If a position is profitable and the trader decides to hold the position hoping for a bigger profit or in an attempt to carry the position to expiration, there is a good chance that the profit can disappear, and the position could turn into a losing position. A good way to lose money is to wait for a bigger profit. Risk The maximum risk, or potential loss, from a credit spread is the difference between the two strikes minus the net credit. Example: STO 120 call for a credit of $5.20 BTO 130 call for a debit of $3.80 Net credit for the spread is $1.40 The difference between the strikes is 10 points. $10 is the max risk less $1.40 credit = risk of $8.60. The maximum profit is equal to the net credit, $1.40. Losses occur when the short strike (the STO leg) is in-the-money at expiration. This is because the trader has sold to someone else the right to buy the stock at the short leg strike. Since the trader does not actually own the stock, they will need to buy it and sell it at a loss. A maximum loss will occur when both strikes are in-the-money at expiration. The breakeven point on a bearish (call) credit spread is the lower strike price plus the net credit. Referring to the example above, if the stock settled at 121.40 at expiration, there would be no loss and no profit. Example of breakeven point on above credit spread: Stock trading at 121.40 Buyer exercises the right to buy stock from you at 120. Since you do not own the stock, you buy it at the market price of 121.40 and sell it at 120. This results in a $1.40 loss You get to keep the original credit of $1.40. This netted against the $1.40 loss results in breaking even on the position. The breakeven point on a bullish (put) credit spread is the higher strike price minus the net credit. Calculating the Return There are two ways to view the percentage return of profits from a credit spread. One is to divide the profit by the difference between the strikes. If the difference between strikes is 10 points and the trade resulted in a $1.00 profit, that would be a 10% return ($1.00 / 10). The second approach is to calculate the return based on the amount of capital that was at risk. After all, if the trade lost 100% of the risk, that is the amount the trader would no longer have. So, the profit percent is calculated by dividing the profit by the risk. In the example above, the net risk is $8.60. If the credit spread trade resulted in a $1.00 of profit, the percentage return would be 11.63% ($1.00 / $8.60). This approach shows the importance of managing risk. Lower risk drives higher returns relative to capital at risk. Opening a new Call Credit Spread The following steps should be referred to when opening a new call credit spread position: 1. Review the technical indicators on your chart and confirm there is a consensus between multiple indicators pointing to a declining bias. 2. Select an expiration that is two to four weeks out. Two weeks is generally the minimum time to expiration you want to use. Building time into options positions is advised in case it needs to be managed. The sweet spot for opening new positions is three weeks to expiration. 3. STO an out-of-the-money (OTM) call strike. 4. BTO the strike that is 5-10 points further out-of-the-money (OTM). With a call spread, further OTM means a higher strike. Generally, when properly constructed, the credit on a 5 point spread will be in the range of $1.20 - $1.80. A 10 point spread will generally be 2.50 – 3.50. The closer the strikes are to the current price, the higher the credit, while this reduces the overall risk of the position, it also increases the chances of the position moving in-the-money (ITM) which can result in an overall loss. 5. When placing the order, always use a Limit Order . A limit credit order specifies to the market the amount of the credit you will accept. A limit credit order will be filled at the specified limit or higher. Market orders should not be used. 6. With some stocks and indexes, the difference between the bid and ask is quite large. The broker will usually give you a quote called the “Mark”. This is the midpoint between the bid and ask. It is the price you should start with when submitting your limit credit order. 7. Calculate the risk of the position. Difference between the strikes – credit = risk. A position with a credit of $4.50 and 10 points between the short (sold) and long (buy) strikes would have a risk of $5.50. 8. Use the risk number to determine the number of contracts to open. Risk x 100 = the investment required for each contract. With $5.50 of risk and 1 contract, the total investment would be $550. ($5.50 x (1 contract x 100 shares per contract)). The total investment on 4 contracts would be $2,200. ($5.50 x(4 contracts x 100 shares per contract)). 9. Once you know the total investment required per contract, you can decide how many contracts to trade based on the size of your portfolio and personal risk tolerance. 10. After the trade has been opened, place a Good-til-Canceled (GTC) order to close the position. A GTC order will stay active until market conditions are such that the position can be closed for a profit. GTC orders execute automatically and do not require you to be in front of your trading platform to take advantage of the profit opportunity. Place the GTC for a limit debit price based on your desired profit target. One example is to set a GTC for 50% of the credit you received when you opened the position. With a credit of $4.50, a GTC would be placed to buy to close the position at $2.25 allowing a $2.25 profit.
SP:SPXEducation
by NewCycleTrading
3
WHAT TOPICS WOULD YOU LIKE ME TO COVER?Hi Guys - all my followers and non followers.. I am getting back to releasing weekly episode/episodes of the ' Art of trading Psychology' in the aim of helping traders get in the 'zone' when trading. Mastering trading psychology is by far one of the hardest aspects in trading yet it is also the one that will drive you to you success as a trader if mastered. I would truly love to cater this podcast to you guys and in order to do so, i need to understand what it is you're struggling with and what you would like to cover i.e - finding taking profit hard? - being consistent - scared to take a trade or uneasy when you're in a trade? - Losing too much? Anything you think of, drop it in the comments below or message me!!
Education
by Malika_Analysis
The Beauty of patience in Forex trading!The Beauty of patience in forex trading! Price Went back to restest the 1H Range, I was looking to buy around restest, But no Always patience. Even at Retests, Look for confluences to enter long or short. - THINK TWICE BEFORE PULLING THE TRIGGER! What price Did eventually went down to the bottom of the range and broke it towards downside. Why it went downside? -Because EURNZD was overall bias bearish on higher timeframes BREAK OF RANGE was a new LOWER HIGH POINT ;) not a conformation to buy Charts show you logics, Only trade them.
Education
by Keashif
Bears vs. Bulls - ConsolidatingSimple Triple 70 MA with Momentum and ADX Bears and Bulls are struggling for the lead as we're seeing consolidation in EUR/USD. Be sure to check your work on this one as we could see a possible reversal in the near future. However, for now, make sure if you've taken a Long position earlier today to stay in and don't fall for consolidation until you have confirmation from multiple sources. We could see a reversal and go down OR we could see another upward impulse move giving you more profit. Be sure tho, to mark your Stop Losses to maximize your profits. Want to know more about the strategy? See the Linked Post
Education
by RagingSniper
How to invest your money(CORONA VIRUS) Current Situation MY VIEWHello Traders ! SPX500 Good price to buy? : TVC:SPX The question is yes on both sides. Whether you are trading or you would like to invest your money. The price is so low right now and thinking long term the price will go up the next years. SPX500 represents the 500 biggest US Companies. The chance that these companies will lose their value over the next few years is not really possible. If this will happen then our world will have a big problem and you loosing your investment will be the smallest problem. Investing: Always a got way right now because of the Corona Virus. But think longterm. Of course we could see SPX500 dropping more. Therefore I would split my investment and purchase at different prices. For example now. If we will see the price dropping more than buy again and so on. On the long rung(5-10years) you will make nice profits. #thinklongterm Trading: If you consider only scalping it a little bit I would wait for price to go down retesting the Demand Zone before entering the trade. Make sure to keep an eye on Price Action in order to know where to close your trade. Stocks are very violent some time and they react pretty well on Price Action Candle Sticks. So keep that in mind. Corona Virus: What impact will have the Corona Virus on the long run for us? Actually Corona Virus is not that dangerous like we all "think". Of course it is a serious problem but we do not need to make the problem bigger than it is. You as a person need to decide if you can do something against it. For example doctor, researcher, ... But you as a normal person can do 1 important thing. To not spread panic! The crash on SPX, Dow, ... is the sum of the panic reaction of all people. Simply. Our luck is that the Corona Virus based of facts will not affect our world much. Therefore the whole economy will recover. This is why I recommend investing your money. That was my View of the current situation of Corona Virus and the impact on our economy and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
OANDA:SPX500USDEducation
by DariusFxTrading
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
TRADING IS NOT AS IT’S PORTRAYED ON SOCIAL MEDIA .. READ BELOWThe reason so many people are attracted to trading is because of how it is portrayed on social media. I’m not here to Bullsh#t you, I am only here to deliver pure facts and that is how YOU WILL LEARN. Firstly, the most us were attracted to trading because of how simple it seemed to actually make money, until we started trading and realised that it wasn’t that simple.. And this may be the stage you are currently at so let me clarify a few things that will hopefully help you in your trading journey. Your trading account is YOUR business, treat it like one it is not quick money! A business goes through stages of a life cycle, and these are the stages you must go through too before you figure it out: 1. Development / Seed stage 2. Start up 3. Growth / Survival stage – Your most crucial stage 4. Expansion / Rapid growth stage 5. Maturity stage 6. Decline – The moment you stop learning and think you have it figured it out, is the moment you will decline. Trading is process that may take you 1 year to master If you have the right mentor or even up to 5 years to master if you don’t. But it is a process, you will take losses through the process but that is necessary for success. You have to trust the process and FALL IN LOVE with it. If you are trading for the sole purpose of making money then you approach is wrong. I trade because it is my passion, it gives me the opportunity to figure out the ‘uncertainty’ and to empower others. The profits are the end result of obeying your trading rules/plan and obeying the unspoken rules of the market. KEY TAKEWAYS: 1. Trading is a PROCESS, stick with it, be consistent and it will pay off. 2. Find a mentor who has YOUR best interests before theirs. 3. Your trading account is your business, approach is as one. Businesses take years to reach the maturity level so make the same mental shift 4. Focus on the bigger picture, money is an end result. It happens after the fact, after you’ve taken and closed a trade. I will be doing analysis on GBPUSD, some potential big moves to come.. Follow us to get notified. Feel free to ask any questions below.
Education
by Malika_Analysis