Traders are taught through webinars, online e-books, some may even pay for books and other kinds of training outside the norm. But most traders are taught through forums such as FF and being violated with smoking guns from traders that have no education themselves. So these seekers that are in search of fulfilling their desire never reach the threshold of their dreams.
And the reason their dreams are abandon is because they are taught one thing, or one concept without variables; no-matter what system they are taught on. And that concept is used over and over again in every scenario they encounter.
The psychology of trading is not in the trading itself but lies within him/herself. It is the education in which they were taught through past history of trading, and/or, how life is operated since childhood. And this is where the concept had been born; learning vices are greater than virtues. Vice is a habit that spoils ones chances of achieving personal happiness.
To be a highly educated person does not mean you are also virtuously prudence. The prudent man is one who does the good, as opposed to one who merely knows the good with a deficiency or lack of wholeness.
Concepts and Variables are two words that have much meaning and bring one into wholeness. And a prudent trader learns you cannot do one without the other.
The rules of trading are very simple and not hard to remember. The concepts and variables are in line with the rules of trading and are also simple and not hard to remember. The only difference is how you are applying the rules; either objectively or subjectively.
Trading has one concept with three variables; trends, supports, and resistances. Each variable has its own concept and you cannot trade one the same as another. It is impossible to do so.
As I have said in the beginning. I can give you everything you need to become one of successful. But it is up to you, and how you apply yourself with the education if you will become one of the great ones.
The Power of Confluence
What is confluence and why is it so important when trading the Forex market? In this post Im going to discuss what confluence is, why its so important and how you can integrate it into your current trading strategy to help put the odds in your favor.
What is Confluence?
Confluence: a situation in which two things come together or happen at the same time.
Essentially confluence represents two or more things coming together at the same time. In terms of trading, we can say that confluence is when two or more factors come together at the same place on a chart or two different charts.
Examples of these things might be a key support or resistance level, price behavior with buy or sell signal or even something as simple as a strong trend. All of these things form what well call Confluence Factors. In other words a strong trend might be one factor; a price behavior might be a second factor and so on.
Putting the Odds in Your Favor
I think I can be so bold as to say that consistent profits are the goal of every serious trader. So why then do only a small portion of traders make it to this level? It all comes down to the use of confluence. Those traders who can be called consistently profitable have found a way to identify and harness the power of confluence in a way that puts the odds in their favor.
The ability to put the odds in your favor is what trading is all about. Figure out a way to do this over and over again and youll be well on your way to becoming profitable. This is where the combination of various Confluence Factors comes into play. In other words; the more Confluence Factors present on any given setup, the greater the odds are that the setup will move in the intended direction. Even in consolidation placing the Confluence Factor into place is very profitable.
And the reason their dreams are abandon is because they are taught one thing, or one concept without variables; no-matter what system they are taught on. And that concept is used over and over again in every scenario they encounter.
The psychology of trading is not in the trading itself but lies within him/herself. It is the education in which they were taught through past history of trading, and/or, how life is operated since childhood. And this is where the concept had been born; learning vices are greater than virtues. Vice is a habit that spoils ones chances of achieving personal happiness.
To be a highly educated person does not mean you are also virtuously prudence. The prudent man is one who does the good, as opposed to one who merely knows the good with a deficiency or lack of wholeness.
Concepts and Variables are two words that have much meaning and bring one into wholeness. And a prudent trader learns you cannot do one without the other.
The rules of trading are very simple and not hard to remember. The concepts and variables are in line with the rules of trading and are also simple and not hard to remember. The only difference is how you are applying the rules; either objectively or subjectively.
Trading has one concept with three variables; trends, supports, and resistances. Each variable has its own concept and you cannot trade one the same as another. It is impossible to do so.
As I have said in the beginning. I can give you everything you need to become one of successful. But it is up to you, and how you apply yourself with the education if you will become one of the great ones.
The Power of Confluence
What is confluence and why is it so important when trading the Forex market? In this post Im going to discuss what confluence is, why its so important and how you can integrate it into your current trading strategy to help put the odds in your favor.
What is Confluence?
Confluence: a situation in which two things come together or happen at the same time.
Essentially confluence represents two or more things coming together at the same time. In terms of trading, we can say that confluence is when two or more factors come together at the same place on a chart or two different charts.
Examples of these things might be a key support or resistance level, price behavior with buy or sell signal or even something as simple as a strong trend. All of these things form what well call Confluence Factors. In other words a strong trend might be one factor; a price behavior might be a second factor and so on.
Putting the Odds in Your Favor
I think I can be so bold as to say that consistent profits are the goal of every serious trader. So why then do only a small portion of traders make it to this level? It all comes down to the use of confluence. Those traders who can be called consistently profitable have found a way to identify and harness the power of confluence in a way that puts the odds in their favor.
The ability to put the odds in your favor is what trading is all about. Figure out a way to do this over and over again and youll be well on your way to becoming profitable. This is where the combination of various Confluence Factors comes into play. In other words; the more Confluence Factors present on any given setup, the greater the odds are that the setup will move in the intended direction. Even in consolidation placing the Confluence Factor into place is very profitable.
The Dove - Forex Trainer
3