How to increase the winning probability of your trades with just five simple tips
Although your winning trade percentage is an irrelevant statistic when it comes to your profitability, it does help when you’re starting out, to have the motivational boost when trading.
Forex traders struggling to find their way or suffer too many losses can take these five steps to change their results.
For many new Forex traders (or any trader, for that matter) the
If you’re like most people in the foreign exchange market, you’ve invested countless hours, researching and crawling all depths of the internet. And for what? Are you currently a successful trader?
If so, then this post isn’t necessarily for you. Although, how do you know if you are a successful trader?
Ask yourself the following questions:
Are you currently employed by someone else?
Have you been trading for at least six months to a year?
Trading is among the toughest professions in the world, especially trading Forex. Foreign Exchange trading requires patience, discipline, persistence, and confidence while remaining humble to the markets. Greed and fear are what usually kill the retail traders account. But don’t take my word for it. Read these 13 Motivational Forex Quotes from Successful Traders.
These experts are millionaires and billionaires. They know what they are talking about. You can either get out a notepad and write
Surprisingly Forex has been around since the beginning of time. Foreign Exchange is a concept that most likely started with cavemen. Just imagine if you were alive back then, starving, there’s nothing to eat until someone comes along with a few squirrels tied around their neck. To get one you would most likely have to exchange something, right? How about that bone necklace you made from your last kill? This concept isn’t anything new, yet many
Perhaps you’ve tried trading Forex and other markets using every possible strategy you could think of. Or maybe you’ve taken a few losses that have affected your trading psychology? Whether you realize it or not, our subconscious mind plays a substantial role on our everyday lives – this includes trading. We are what we believe we are and these are tips that will help you understand how to better your trading success by reprogramming your subconscious
It’s been scientifically proven that you don’t need to work 16 or 18 hours a day to be more effective. In fact, the exact opposite has been proven. It’s important to take breaks just as it’s important to reward yourself. Going on vacation is good for productivity and the economy.
As Americans, we already have the fewest vacations day than any other country, but why have we been taking less and less vacation? According to Psychology