So, the first thing is that you need
a truly effective trading strategy, and then you have to give it enough time to truly master it.
Not exact matches
... in all the clients with stubborn body fat, I haven't found any «trick of the
trade» to be
effective to any degree that it was
truly noticeable.»
• Consistency in sticking to an
effective trading method like price action, helps you master your
trading strategy and gives you a real chance to see if your
trading strategy is
truly worth using or not.
The truth is that nothing that is fully systematic will ever be a
truly effective way to
trade the forex market because the market is not a static entity that can be tamed through black box mechanical systems.
I agree with you 100 % that: «Simply having a solid education in an
effective trading strategy and
truly «mastering» it greatly increases your chances of making money consistently in the markets»
In closing, I would just like to say that I get feedback from my member's all the time; emails and testimonials from people who
truly are turning the corner in their
trading, not because they are professional full - time traders, but because they have stopped the bleeding and are starting to see the power of
effective money management and price action
trading in combination with one another.
So true, simply having a solid education in an
effective trading strategy and
truly mastering it greatly increases your chances of making money.
Nial said to have this two keys, number 1; Understand risk reward and forex money management, and number 2;
truly mastering a highly -
effective trading strategy like price action.
The reason why the majority of traders lose money is because they number 1; don't understand risk reward and forex money management, and number 2; they have not
truly mastered a highly -
effective trading strategy like price action.
When you learn one
effective trading strategy like price action, and
truly master one Forex
trading strategy at a time, you will largely eliminate the problem of fear and second guessing your own
trades.
If you really can not define your
trading process or you don't know how to get started creating one, you need to first learn a
trading strategy that is
truly effective, master it, and then create a comprehensive yet concise
trading plan around it.
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