All traders have the same thing in common I’m talking about every type of trader.We all have the same thing in common.
When you open your trading device it can be your laptop,phone,etc…you are looking for a specific pattern to formulate or a price behaviour which is what every trader does.
The questions to ask yourselves are :
[ ] What am I looking for in the market?
[ ] What happend yesterday or the day prior?
[ ] What do I See now?
After answering ur questions and come to a solution to either take a trade or not,you prepare another questionnaire and ask yourself these questions:
[ ] Did it go to my directional bias?If not why and if yes…you’re profitable.
[ ] Where do you plan on closing your opened trade?
[ ] How long are you looking to leave the trade open ?
The list goes on.
Another thing that traders have in common is that we set a target.
There is not even a single business that can operate without a target or else you’ll be setting yourself up for disaster.
Set a weekly target of the minimum amount you ought to make and take it from there.I won’t be teaching about setting targets… for different people set different types of targets with different parameters so I’ll just cut it there.
Another thing that traders have in common
Traders are driven by passion and they have a “Why”.If you are not passionate enough,you aren’t worthy of being in their midst.
Traders hang around like minded people and often like to do research(it depends on the trader’s goals and passions)
And Lastly but not least
Traders understand the value of money.
This comes from constant years of trading and blowing your accounts,making money here and there,constant repetition of these 2 occurances,getting to learn about finances(reading and researching) and investing which sets a platform for them in the business World.
Hang around like minded people.
Have something that Drives you to do what you do…have a “Why”.
My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
To open an account: https://portal.rcgmarkets.com/register?ibid=852167
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
https://ability.capital?ref=motlotlgimoerane
You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.
EverythingTrading 