. The fact of the matter is that your last trade has absolutely zero to do with your next trade. If you do not have the correct trading mindset, it doesnt matter how good your trading strategy is, because no strategy will ever make money if its used by a trader with the wrong psychology. This lesson will help you transition your mindset and your daily routine into that of a professional traders, so that you can avoid throwing anymore of your time and hard-earned money down the drain. Not overly-focused on profits and rewards. Lets have a look at some of the most important things you can start doing today bitcoin usd forexpros to transition yourself from a gambling trader to a professional trader. Start tracking all your trades in a journaldont deviate, if you dont have a trading journal you can get one here. A clear break and daily/weekly close above the trend line resistance and.1360/70 area would expose.1500 key resistance next week.
A lot of people seem to be unaware of the fact that they are trading with a mindset that is inhibiting them from making money in the markets. If you want to learn more please check out my price action Forex trading course.
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Spends most of their time focused on profits and eur/usd binary options strategy rewards. I am always fully prepared to lose the money I have risked on any one trade because I do not trade unless I am 100 confident that my price action trading edge is present. You have to recognize this gambling behavior and try to break through it, because it really is a part of our wiring to trade like a gambler. Whats wrong with making 5 or 10 a month? Dont just dive in head first without being totally comfortable in your approachthis is what most traders do and most of them lose money too. Pays little to no attention to risk management.
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