There is a big difference between learning to trade the foreign exchange market and being a forex trader. A concept in which a lot of people struggle with, so they confuse the two. What you need to ask yourself is, “What kind of a forex trader do you want to be?” Because there are many
Can Positive Emotions Cause Me Losses Too?
Emotionless! That’s precisely what you need to be. It’s the only way to trade consistently profitable. But what is that, and is it even possible? We are, after all, only human. I remember when I first started to trade back in 2011. I thought that the market makers were a bunch of evil psychologists who
System vs Discretionary Trading… Which Is Best?
There has always been a long-running battle between traders as to which method is best. System traders will tell you that their approach is best, and the Discretionary traders will tell you that their approach is better. So, who’s right and who’s wrong? No one, because it all depends on what suits YOU best. All
What are the negative emotions that affect trading ?
Well…all of them are really, if you think about it. They are called negative emotions for a reason. We don’t call them the “sometimes useful” emotions or “the ever so slightly useful” emotions. We don’t even call them the “depends on the situation” emotions. I am very sure that we all call them Negative emotions…Fear,
How To Reduce Overwhelm In Your Trading Life And Take Those Trades You Keep Missing
𝗛𝗼𝘄 𝗧𝗼 𝗥𝗲𝗱𝘂𝗰𝗲 𝗢𝘃𝗲𝗿𝘄𝗵𝗲𝗹𝗺 𝗜𝗻 Your Trading Life And Take Those Trades You Keep Missing I suppose my most significant transition from an Electrician to a Forex Trader was definitely being overwhelmed. Some days I just couldn’t make the decision to take the trade. And it was brought about by having too many choices to
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