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Self-control is often the determining factor in trading success, relationship success and life in general. Every good relationship book will tell you the only thing you can control is yourself. What other people do, how they act or think, is not in our control, no matter how it may seem. By working on ourselves, we can learn, adapt and succeed in relationships of all kinds, but first we need to let go, and be at peace with what we can’t control. This applies to trading exactly the same way.
In the male-dominated trading world, although female traders are a niche group, their careful, cautious, and objective personalities have always been considered easier to succeed in trading. we interviewed an excellent trader who has grown from scratch to a millionaire in the past 12 years.
Most of you would have heard the cliche saying: “the trend is your friend“. If not, well: the trend is your friend! There are a myriad of ways to trade the Forex market and as traders it’s our prerogative to continuously assess how price is behaving in an attempt to exploit recurring patterns. In this article I want to divulge one way you can identify a trend and more importantly trade it for your own.
Maybe (like me) you even threw away a system that gave good signals, but lost your money when the market is range bound? This is why sometimes the best trade is no trade. But how do you identify when not to trade? There are a few well documented methods for spotting periods of momentum and high liquidity. There are indicators and oscillators which show you extremes. You can even use price action or candles.
Ever thought about what is the highest currency in the world today? Most likely, you’re thinking now about British Pound, US Dollar, or Euro… Well, guess again. There are at least a few currencies with a higher value than these three.
Get 10% of the amount you deposited for free! Sometimes even 100%. How can they be so generous?Why do you open up a trading account? Some may say they are here for the free money.
Dr. Van K. Tharp is a professional psychologist and trader coach who has come up with a very interesting set of trader personality types that novice forex traders can use to help assess their psychological suitability for the forex trading arena.
Trading is just like everything else that we do. Once we do something for a long time, say for a couple of years, you feel like you’ve lost your interest and it’s like you’re going through a loop and you feel that you’ve lost your interest and trading mojo.
If your strategy involves holding trades for a period from two days to several weeks, you can call yourself a swing trader. Let’s try to understand its advantages over day trading and give some basic recommendations for developing your own trading strategies.
In everything we do, we should always be ready to embrace any changes that come into our lives. Successful businesses, for example, create new products and services depending on the demands of the customers. Without it, the business will fail and competitors will see this as a weakness.
ISSUE 18, 2021
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ISSUE 19, 2021
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ISSUE 17, 2021
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Successful Trading Is Beyond Instinct
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