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Emotional intelligence is the true trading reality. The concept of emotional intelligence is to perform very well under adversity, being in a state of mind where ordinary reflection and rationality is totally useless... That's what every trader ...
Trying, falling and learning. This is the circle of realities surrounding the path of a will-be successful trader. The true built-in meaning of market frustrations and challenges is to extend and deepen our range of experiences related to the art of ...
“Just as a scenario writer endeavors to mystify his audience, so pools and manipulators strive to confuse and influence the public into thinking a stock is moving in a certain direction when the ultimate purpose is to have it move the other way.” -- ...
We have all fallen victim of the "it will come back" sort of thinking because we don't like admitting we are wrong. But trading is the one pursuit where being wrong is a necessary condition to the activity. It's a game of odds. and what we are ...
Strengthening one's ability to deal with adversity is the key to succeeding in the trading reality. Failure is not fatal. Not trying is... When a significant loss or a deadly series of losses has occurred, many traders will make the choice to hang ...
Some people are not built right emotionally to be successful traders, others are not built right intellectually to be successful writers, and most people are not built right physically to be NBA stars! But many people who try their hands at becoming ...
There are things traders can do to take pressure off themselves, cues they can adopt to help them get on a winning run and shorten their losing one, or at least minimize the effects of their series of losses. A good trading course should teach you a ...
A bad trade isn’t a losing trade, but one which didn’t meet your entry criteria and you took anyway." Forex trading with moving averages crossover is one of the most simple trading strategies, but not the most profitable, unless you know what you ...
“Even when your thesis is correct, your timing may be way off”… Using efficiently a forex stop loss is a strategy in its own…How to use stop loss when trading is one of the greatest differences between professional traders and amateurs… Defining A ...
"The markets require a level of discipline that most fail to achieve in their personal lives. So why should it be any different with trading? Stock positions offer endless opportunities to break rules and ignore danger…” While a ferocious greed ...
Words like hard work, commitment and suffering are not strong enough to describe the amount of sacrifices needed to become a successful trader. The career itself is almost unachievable. Therefore, we need more than effort and determination... We ...
According to the National Futures Association, "Retail forex trading has increased dramatically over the past few years. Unfortunately, the amount of forex frauds has also increased dramatically." Since it’s almost impossible for an average person ...
" There is a huge difference between trading correctly and making an accurate market prediction. In the final analysis, predicting the market is not what’s important. What is important is using sound trading practices. And if sound trading habits ...
The great trading secret we all know has not been fully accepted by the average trader. There is no Holy Grail system, and each and every single trading strategy has its losing streaks. That’s the truth, no matter what dream sellers will say. As ...
Forex trading or any other instrument is a day to day battle. We have to win a bloodless war in front of the chart each and every single day. Easier said than done. When analyzing chart or some trade we are willing to take, everything looks fine ...
Are you wondering why you are not making money in the forex market despite all your efforts ? Do you find the market too difficult ? Even if there is no hope, you have to create it Being a successful trader is a long journey, we all underestimated ...
"Most successful traders achieve success by controlling risk. Controlling risk goes against our natural tendencies. Risk control requires a tremendous internal control"…. Van Tharp "Most successful speculators have success rates of 35-50%. They are ...