It is really clear to me that the snake that bites is two-fold. Too many new traders have no vision as to what the market is doing. They have no idea as to what the trend is really doing and they have no grasp as to the price action levels that control the movement of the pairs.
Following that there execution could not be worse. They "see" a trend and then they enter way to early or way to late, and once they have entered they fail to have a target for exits.
That is a deadly combination. It is not a 50/50 guess of long or short. It is much more complex with many issues leading to a successful trade.
Following that there execution could not be worse. They "see" a trend and then they enter way to early or way to late, and once they have entered they fail to have a target for exits.
That is a deadly combination. It is not a 50/50 guess of long or short. It is much more complex with many issues leading to a successful trade.