I am not by any means saying that the particular trading method you are using is the main reason you are not making money in the markets, because you all know that I talk extensively about the large role played
by trader psychology and money management.
Not exact matches
If you want to learn how to read the «graphic representation» of human
psychology on the charts as mentioned
by Al Weiss in his quote above, as well as more about the principles discussed today, checkout my price action trading course and
traders community.
With no specific news or triggers evident that could explain the rally, the ethereum rally right now appears to be driven primarily
by psychology, fear of missing out (FOMO), and trend - following
traders jumping on the bandwagon.
Statistics from surveys of US
traders indicate that once a trading methodology is developed
by a Forex
trader, then 80 % of the effort in trading is actually trading skills (that includes things like Forex trading
psychology and Forex money management).