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Traders start trading to become rich.
But they end up becoming confident and disciplined people in life.
Trading teaches you more about yourself than any 9-5 job.
Today, I'm very grateful for not giving up during the years of my consistent losses.
In the end, Financial freedom is the final stage of trading.
YOUR TRADING RESULTS DEPENDS ON 3 THINGS.
1. Luck
2. Strategy/Trading System
3. Execution
If you're trading the forex market based on luck or hope then you will fail many times, the only hedge you have is understanding the market movement and taking advantage of the movement. Two (2) and Three (3) are choices as any trader looking to succeed in the financial market must consider having a profitable trading system.
To all our traders, build a trading system, backtest and practice the system in order to perfect it. You're one step closer to being a profitable trader.
Interested in learning the INs and OUT of Technical Analysis and mastering our trading system. Apply to our 30 days training coming inbox me
Learn how to trade and enjoy life when you become an independent trader that's when you start to earn from the business or you get a good mentorship that's ready to help you...
99% of people think that trading is gambling.
It's actually WR, RRR, edge, plans, goals, systems, patience, psychology, confidence, probabilities, self-discipline, emotion control, risk management.
Good Morning Traders and Happy Weekend to you all
After 3 - 5 years,
You can:
- Open your PC at 11 am
- Waiting trades for 1-2 hours
- Closing a $1000 win trade by 4 pm
- Close your PC
Everyone will say it's easy.
Everyone will say you're lucky.
No one will understand 3 - 5 years of pain, experience and failures.
Keep going.
STRUCTURE BREAKOUT & ENTRY STRATEGY
The image shows a good example of change of a trend from downtrend to uptrend. At the support of the downtrend, price formed inverse head and shoulders pattern which we can identify as a reversal pattern. Price broke above the neck which is where our entry should be placed.
There after, price formed a continuation pattern (symmetrical triangle) which was a temporary pause in price and a break confirmed that price is ready to continue to the upside.
Take Note: We have continuation pattern and reversal pattern.
GOOD MORNING TRADERS!
It’s yet another day filled with possibilities and opportunities to be great men and women of substance.
Let’s be strategic, be purposeful, be focused and most importantly, Let’s live a life of purpose👌
WISHING YOU A LOVELY DAY AHEAD 🙏🏼
BREAKOUT TRADER SETUP.
As a trader, we a breakout of a certain structure as a way to get into the market and make profits from the process.
In most cases, market usually makes a retest of the broken structure and sometimes this retest may be found on a much lower timeframes.
NOTHING IS RANDOM IN TRADING
The forex market isn't random. Every move in the market has a reason and our job as a trader learn the reason behind market movement and build a trading plan around it.
Study the price chart and understand how and why the market is moving in that particular direction.
EVERY TRADER LOOKING TO SUCCEED MUST TAKE THESE 5 STEPS LISTED.
All steps shown are things I have learnt that took me years to understand. For example, In Step 1, do not care much about how much you made because once it gets in your head, you may want to feel invisible thinking you can ever lose in the market..
Successful traders always focus majorly on taking high probability trade setups, and money is secondary which comes easily once you've waited for high probability trade. The other steps are as well important 👌
GOOD MORNING TRADERS!
It’s yet another day filled with possibilities and opportunities to be great men and women of substance.
Let’s be strategic, be purposeful, be focused and most importantly, Let’s live a life of purpose👌
WISHING YOU A LOVELY DAY AHEAD 🙏🏼
CAN ANYONE RELATE TO THIS 😂
A retail trader mindset is to come into the financial market with $100 and anticipating to make $1000 within a week of trading which one of the reasons why many traders are found blowing off an account.
Change those mentality today as becoming profitable in the market depends on your mindset you have towards the market. Always have a realistic expectation before you begin trading and consistency is key to success in trading.
