THE GREAT COUNTDOWN BEGINS: 7 LIVE TRADES WITH 6 WINS!
ADVANCE FOREX EDUCATION: PART SEVEN:
WHY LOSERS ARE MORE DESPERATE THAN WINNERS:
There is no need to over emphasize the fact that in forex trading, majority is always wrong. This is why only 2% of forex traders are now successful. Studies have shown that losers are more desperate to trade than the few winners due to the fact that the losers always try to look for trades to recoup their losses, and in an attempt to look for trades at all cost, they end up losing again and again. While on the other hand, the few winners are always meticulous and prudent in executing trades, so as to protect what they've won / gained.
In view of the foregoing therefore, it is quite clear why winners are always winners and losers always losers. If it were possible for forex trading to be traded around the clock 24/7, nearly 90% of all losers will appreciate that, because they believe trading everyday of the week or even every hour will enable them recoup their losses on time, but winners on the other hand, will like to take a vacation after a successful trading week, so as to relax over the weekend where there's no trading since forex trading is 24/5 and relax and plan for the upcoming week.
Since forex trading is highly leveraged, it is on record that the more you lose, the more you increase leverage in the expectation that your next trade could be successful so as to increase your chance of recovering your account deficit. But what of winners? They are always in a position to protect their accounts and become weary of high leverage because they clearly understand what it means to generate profit on a continuous basis, even if it means trading just once a month.
But have you asked yourself this basic question? Why is it only in forex trading the majority is always wrong? Why do the majority do the right things at the wrong time? Or the wrong things at the right time or simply the wrong things at the wrong time? The answer basically is desperation, desperation and desperation!!! What is the solution? Let us proffer a solution.
It is by trying to avoid desperation at all cost. If you have a losing trade, don't become desperate to recover as quickly as possible. Have it in mind that when you are desperate to recover on time, it is a panacea for more losses. You just need to remain calm, plan your trading and say no to more losses and try to trade good. Trading good means when you are not desperate to trade. Any chance you have to trade is an opportunity to make money because there's at least a 70% chance of the trade you have to work/succeed. Before you take a trade, make sure that trade has at least 70% chance of working well, so that you don't have to be working and trading every minute and every hour of the week, because forex trading is not gambling. It is empirically proven, that prices move in the market as a result of fundamentals. So, why should you trade when these fundamentals are absent or insufficient to drive the markets? A word is enough for the wise, in spite of the fact that in forex trading, only an insignificant few are wise. BECOME ONE OF THE FEW TODAY!
***** The countless number of posted NO TRADES are always there to save us against
potential losses *****
ADVANCE FOREX EDUCATION: PART SEVEN:
WHY LOSERS ARE MORE DESPERATE THAN WINNERS:
There is no need to over emphasize the fact that in forex trading, majority is always wrong. This is why only 2% of forex traders are now successful. Studies have shown that losers are more desperate to trade than the few winners due to the fact that the losers always try to look for trades to recoup their losses, and in an attempt to look for trades at all cost, they end up losing again and again. While on the other hand, the few winners are always meticulous and prudent in executing trades, so as to protect what they've won / gained.
In view of the foregoing therefore, it is quite clear why winners are always winners and losers always losers. If it were possible for forex trading to be traded around the clock 24/7, nearly 90% of all losers will appreciate that, because they believe trading everyday of the week or even every hour will enable them recoup their losses on time, but winners on the other hand, will like to take a vacation after a successful trading week, so as to relax over the weekend where there's no trading since forex trading is 24/5 and relax and plan for the upcoming week.
Since forex trading is highly leveraged, it is on record that the more you lose, the more you increase leverage in the expectation that your next trade could be successful so as to increase your chance of recovering your account deficit. But what of winners? They are always in a position to protect their accounts and become weary of high leverage because they clearly understand what it means to generate profit on a continuous basis, even if it means trading just once a month.
But have you asked yourself this basic question? Why is it only in forex trading the majority is always wrong? Why do the majority do the right things at the wrong time? Or the wrong things at the right time or simply the wrong things at the wrong time? The answer basically is desperation, desperation and desperation!!! What is the solution? Let us proffer a solution.
It is by trying to avoid desperation at all cost. If you have a losing trade, don't become desperate to recover as quickly as possible. Have it in mind that when you are desperate to recover on time, it is a panacea for more losses. You just need to remain calm, plan your trading and say no to more losses and try to trade good. Trading good means when you are not desperate to trade. Any chance you have to trade is an opportunity to make money because there's at least a 70% chance of the trade you have to work/succeed. Before you take a trade, make sure that trade has at least 70% chance of working well, so that you don't have to be working and trading every minute and every hour of the week, because forex trading is not gambling. It is empirically proven, that prices move in the market as a result of fundamentals. So, why should you trade when these fundamentals are absent or insufficient to drive the markets? A word is enough for the wise, in spite of the fact that in forex trading, only an insignificant few are wise. BECOME ONE OF THE FEW TODAY!
***** The countless number of posted NO TRADES are always there to save us against
potential losses *****
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