IMO the majority is inflected with "I am right..I want quick profits.. Don't give anything back to the market" fear of losing mentality.. So when they are wrong, they let their loses run & when they are right, they are afraid of pi$$ing away the profits, so they grab their "20 pips" & run..
A trader will just be spinning their wheels in this business, blame everything under the sun for their loses & eventually disappear into FX Neverland unless they overcome this mindset..
A trader will just be spinning their wheels in this business, blame everything under the sun for their loses & eventually disappear into FX Neverland unless they overcome this mindset..
Disliked{quote} Allow me to elaborate the cliche for a minute here, and I am hoping after you done reading my thought, you will have a different perspective about it. I bet you will mate. Haha! Let's just say that you have done all your analysis correct, and you have a good probability of the direction of the Market in the next 2 or 3 days... You are getting excited to jump on board and waiting for the trigger either from Stochastics / MACD crossover /Moving Average Crossover or through Fibonacci Retracement. Whatever the case might be, you know exactly...Ignored