📈Forex Exclusive S.A🇿🇦 🔴4 THINGS SUCCESSFUL FOREX TRADERS DO🔴
Your Forex Trading Attitude behavior is an integral part of the trading process, and thus your attitude and mindset should reflect the following four attributes:
Once you know what to expect from your system, have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit.
Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes, the price action won't reach your anticipated price point. At this time, you must have the discipline to believe in your system and not to second-guess it.
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you find reliable, you don't need to become emotional or allow yourself to be influenced by the opinion of pundits.
. >REALISTIC EXPECTATIONS
Even though the market can sometimes make a much bigger move than you anticipate, being realistic means that you cannot expect to invest $250 in your trading account and make $1,000 each trade. Although there is no such thing as a "safe" trading time frame, a short-term mindset may involve smaller risks if the trader exercises discipline in picking trades. .
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A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. First one is risky because it is taken from resistance level with candle confirmation. Though it is risky but reward is HIGHER. >2nd one after neckline breakout.
Forex is all about risk analysis and probability. There is no single method or style that will generate profits all the time. The key to success is positioning ourselves in such a way that the losses are harmless, while the profits are multiplied. Such a positioning is only possible by managing our risk allocations in accordance with an understanding of probability and risk management. Let's trade to withdraw not to fund accounts.
Update 511 pips TP Hit📈💸🍃 Analysis were, "The EURGBP bullish traders seem to be slowly getting defeated by the traders who are already bearish on EURGBP and a decrease in momentum accompanied by the long upper wicks which supports the hypothesis. Anticipated it is a strong bearish movement"
Meet the team on the 31st of May in Pretoria, Hatfield and on the 1st of June in Johannesburg for our Free introductory class. - How can you tell if a person can actually trade?
- Does the colour of a person's bank card and flashy lifestyle mean that they're making money from the Forex market?
- What period of trading can determine whether you're consistent or not? - Is it advisable to rely on indicators for trading?
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💸💵 If your strength comes from belittling/badmouthing others to make them seem or feel inferior compared to you, then trust me, you are weak. A strong person empowers others and even then, he's strength is still seen flourishing. Don't stop praying, don't stop pushing, never give up. Believe in yourself, love yourself and love what you do. Also love and forgive those around you irregardless of how they treat you. Stay positive. It's for your own peace more than theirs. God is great🙏🏾, I'm a testimony of that. #bebetterthantheirparents#fxwealthygorilla#forex#forexwithdrawals#forexcash
FIND WHAT YOU LOVE AND LET IT KILL YOU 📉