Let’s be real. Most traders LOSE money. Not only do they lose their money, but they lose it QUICKLY. Why? Because most traders just jump into the market without really building a solid knowledge base and taking the time to learn and fine tune a trading strategy. Furthermore, most traders we’re dead before they even got started because they didn’t take the time to develop the right mindset. They let their emotions run wild and freak out when they execute profitable or losing trades.
The best advice I can give new traders is to find a course, program, apprenticeship, or even going back to school if it has a program. If you do this, you’re pretty much ahead of the game. Slowly quiet your emotions, execute your trading strategy, and you are your way to building a solid trading foundation
External Resources:
Forex Trading Elements
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This is indeed the truth in regards to trading forex.
ReplyDeleteIf you are going to be successful in this market, you must find and stick to a proven strategy and drop your emotions.
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