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well. Sometimes youll get away with it but more often than not you will come away scathed and bruised You are totally oblivious to your incompetence at trading. In this video we are looking at a gbpjpy daily candlestick chart and a price action reversal setup off the 147.00 level that alerted us to the trading opportunity in this market. Trading is no longer exciting in fact its probably boring you to bits like everything in life when you get good at it or do it for your job it gets boring youre doing your job and thats that. Download ShoutMeLoud mobile app. You pass on your advice but you know most of it is futile because theyre teenagers some of them will get to where you are some will do it fast and others will be slower literally dozens and dozens will never get past stage two. You recognize yourself in their questions from about two years ago. When you enter a trade it turns against you so you reverse and it turns again and again, and again. I hope youve enjoyed reading this journey into a traders mind and that hopefully youve identified with some points in here.
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Youll go into the live chat room and see other traders making pips and you want to know why its not you youll ask a million questions, some of which are so dumb that looking back you feel a bit silly. You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right You start to read books on the psychology of trading and identify with the characters portrayed in those. Because of this revelation you stop taking any notice of what anyone thinks what this news item will do, and what that event will do to the markets. This step can last ages and ages in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years. Remember that only 5 will actually make it but the reason for that isnt ability, its staying power and the ability to change your perceptions and paradigms as new information comes available. The eureka moment came the moment that you truly accepted that you cannot predict the market. You are now at a point where you break even most of the time day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips generally you are breaking even and not losing money. You start to work just one system that you mold to your own way of trading, youre starting to get happy and you define your risk threshold. Im happy to tell you that the reason i started trading was because of the get rich quick mindset. Babypips School is one of the most reliable and well-known source to learn forex trading from online. You have realized in an instant that the trading game is about one thing consistency of your edge and your discipline to take all the trades no matter what as you know the probabilities stack in your favor.
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