One of the major reasons why most Forex traders keep losing is not sticking to your trading strategy. As much as possible we are meant to eliminate emotions from trading and become as close to robots as possible. This means you only trade when your strategy gives a signal. The market does not care if you have not made money today. If you break your trading rule you pay for it.
So many traders for so many different reasons place trades for many stupid reasons. I want to make money to pay my rent, school fees, IML subscription etc. The market does not care. So traders will say let me just try this trade if it will work. When your strategy didn't give the green light. That's the beginning of failure. You have to learn to look at the charts for 24 hrs without placing a trade except the strategy gives the green light.
It's called discipline and 95% of traders don't have discipline. Do you have discipline? In all thy trading getting get discipline.
So many traders for so many different reasons place trades for many stupid reasons. I want to make money to pay my rent, school fees, IML subscription etc. The market does not care. So traders will say let me just try this trade if it will work. When your strategy didn't give the green light. That's the beginning of failure. You have to learn to look at the charts for 24 hrs without placing a trade except the strategy gives the green light.
It's called discipline and 95% of traders don't have discipline. Do you have discipline? In all thy trading getting get discipline.
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