French elections a sell signal long term for the EU no matter who wins.
https://www.armstrongeconomics.com/i...s-of-who-wins/
https://www.armstrongeconomics.com/i...s-of-who-wins/
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Are you a trend trader or a counter-trend trader? 29 replies
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Discipline Trader and Voice Trader EA/IND 16 replies
DislikedThis has been said a million times and more, but it is always worth repeating and remembering..... NEVER TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE!!! When trading live, we should consider the money in our trading accounts as already lost, because this should not be money we actually need for any other purpose except trading. and the worse case scenario which is blowing an account should not be a disaster since the money was already lost anyway. Only in this way can we trade freely and effectively, unencumbered by the emotional fear that kills traders...Ignored
Disliked{quote} As usual, I have been watching the threads with interest and I wanted to put this piece of advice here. I would not advocate using short term strategies if you are a long term trader. If you do not trade full time, then you are a long term trader. If you trade part time, then D1 timeframe and up should be your focus. Trading from work, or from your phone on timeframes shorter than this is generally a bad idea I think. Trying to transitions from a job to trading is why 95% of traders lose money. You cannot afford to be distracted. Many traders...Ignored
Disliked" Trading is all about control..you only have to have a slight edge to make money. Provided you trade tight, are 100% disciplined, and take every trade that your signals provide, anyone can make a killing in this game. Even 10 pips a day, with 1.5% risk, will give a 100% return every 4 months. Problem is, people don't look far enough ahead, they want a great return every single day, when all you have to do is wait for the set ups and keep chipping away with modest, consistent profits. 95% of people can't trade like that,...Ignored
DislikedThis has been said a million times and more, but it is always worth repeating and remembering..... NEVER TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE!!! When trading live, we should consider the money in our trading accounts as already lost, because this should not be money we actually need for any other purpose except trading. and the worse case scenario which is blowing an account should not be a disaster since the money was already lost anyway. Only in this way can we trade freely and effectively, unencumbered by the emotional fear that kills traders...Ignored
DislikedGoing into the weekend, a few words for all those people out there who are beginning to doubt whether they'll ever make a success of this business. There has never been a trader I am sure who has not many times questioned their own ability- it is part and parcel of the learning process. Learning to trade is a roller coaster, just like price action, only there are many more downs than ups for the first few years, but gradually, the more we learn, the more the ride flattens out until finally the ups outweigh the downs. It doesn't matter how long this...Ignored
Disliked{quote} Your a great guy cat.. I hope maxed out fun for you this weekend...Ignored
DislikedThe best traders always take the long view...they are patient, organized, methodical, and very very self-disciplined.Ignored
Disliked{quote} I would disagree with that a little bit Yomi, as important though psychology most definitely is, I think you hugely play down the importance of strategy. Having a strategy which works and that you fully understand, takes most traders many years to accomplish. You can have the best trading psychology in the world, but unless you have the detailed knowledge of the markets, this is going to count for nothing. This is important because most people new to trading come into it thinking that they will have no problem with the psychological aspect,...Ignored