Trading is simple
Dont get me wrong, trading is definitely NOT EASY; but it is actually VERY SIMPLE. The key is in having a comprehensive and holistic understanding of the currency market. One of the many reasons you are still struggling and not profiting consistently from the currency market is because you do not have a fundamental understanding of what drives and moves the market.
You probably do not know what is the reason for your winning trades, and why some trades just turned out to be losers. You eventually get frustrated, and start complicating stuff; seeing how you can add move indicators onto your chart, hoping that with more confluences, your trades will be more accurate. That SIMPLY DOES NOT WORK! What you NEED is to understand and adopt the basic building blocks of trading the currency markets.
Develop your trading skills
Many traders focus on finding the perfect strategy, the best system, the holy grail. Well, let me burst your little bubble here by telling you straight in your face that there is no such thing! STOP looking for a strategy that is going to give you that 100% win rate; STOP searching for a system that is going to give you a 100% or 1000% return in a month. Until you stop doing those, YOU WILL NEVER become a consistently profitable trader.
Focus instead in DEVELOPING YOURSELF into a trader; look to BUILD UP YOUR TRADING SKILLS, not a strategy or system. With the appropriate and essential skill set of a trader, you are the strategy to being profitable in the currency market.
Master your trading psychology
The most difficult to master, yet one of the most crucial elements to your trading success. Yes, its your trading psychology. How many times have you made stupid and irrational decisions that caused you to regret after that? You do know that it is not the right thing to do, but yet still went ahead with it. That is your psychology taking in control over your decision making process. In trading, that is a KILLER!
Start tracking your emotions, be more aware and conscious of your feelings and thought flow; how are they affecting your decision making processes? Are your actions rational or driven by feel? MASTER YOURSELF, MASTER YOUR PSYCHOLOGY, and you will start seeing improvement in your trading.
This thread is meant and will be kept FREE for all to learn, discuss and contribute.
Feel free to connect with me personally at Facebook: https://www.facebook.com/karyong
Subscribe to our YouTube channel for FREE videos including sharing with you the strategies we use and weekly market analysis: https://www.youtube.com/user/akyong9
Strategies
Advanced Price Patterns:
1234 Structure Trading:
Classic Divergence Strategy:
Subscribe to our Blog at http://www.fxpresearch.com/ for weekly review and market analysis.
Visit our website at http://www.alphaplay.com.sg/
Talk to you soon!
Dont get me wrong, trading is definitely NOT EASY; but it is actually VERY SIMPLE. The key is in having a comprehensive and holistic understanding of the currency market. One of the many reasons you are still struggling and not profiting consistently from the currency market is because you do not have a fundamental understanding of what drives and moves the market.
You probably do not know what is the reason for your winning trades, and why some trades just turned out to be losers. You eventually get frustrated, and start complicating stuff; seeing how you can add move indicators onto your chart, hoping that with more confluences, your trades will be more accurate. That SIMPLY DOES NOT WORK! What you NEED is to understand and adopt the basic building blocks of trading the currency markets.
Develop your trading skills
Many traders focus on finding the perfect strategy, the best system, the holy grail. Well, let me burst your little bubble here by telling you straight in your face that there is no such thing! STOP looking for a strategy that is going to give you that 100% win rate; STOP searching for a system that is going to give you a 100% or 1000% return in a month. Until you stop doing those, YOU WILL NEVER become a consistently profitable trader.
Focus instead in DEVELOPING YOURSELF into a trader; look to BUILD UP YOUR TRADING SKILLS, not a strategy or system. With the appropriate and essential skill set of a trader, you are the strategy to being profitable in the currency market.
Master your trading psychology
The most difficult to master, yet one of the most crucial elements to your trading success. Yes, its your trading psychology. How many times have you made stupid and irrational decisions that caused you to regret after that? You do know that it is not the right thing to do, but yet still went ahead with it. That is your psychology taking in control over your decision making process. In trading, that is a KILLER!
Start tracking your emotions, be more aware and conscious of your feelings and thought flow; how are they affecting your decision making processes? Are your actions rational or driven by feel? MASTER YOURSELF, MASTER YOUR PSYCHOLOGY, and you will start seeing improvement in your trading.
This thread is meant and will be kept FREE for all to learn, discuss and contribute.
Feel free to connect with me personally at Facebook: https://www.facebook.com/karyong
Subscribe to our YouTube channel for FREE videos including sharing with you the strategies we use and weekly market analysis: https://www.youtube.com/user/akyong9
Strategies
Advanced Price Patterns:
Inserted Video
1234 Structure Trading:
Inserted Video
Classic Divergence Strategy:
Inserted Video
Subscribe to our Blog at http://www.fxpresearch.com/ for weekly review and market analysis.
Visit our website at http://www.alphaplay.com.sg/
Talk to you soon!