Mentality is often more important than technique.
Newcomers are often best placed to profit from the market.
To a large extent, traders’ mindsets change after a loss because of their mindset.
Resting and adjusting your mind is more useful than learning more technical knowledge.
Today, I’m going to talk about how trading is more important than technology is mindset.
First, trading should be natural and easy.
Don’t force anything, don’t go against the market or yourself.
Perfect trading is like breathing.
You make sure you calm down and relax.
Look for visible opportunities.
Make sure you’re focused and alert.
Take yourself out of the hot market.
Be an observer and wait for the opportunity.
These forex trading rules and the necessary mindset you should know.
“Revenge” trading is not allowed without knowing your situation, which is a huge trading space for all other traders.
It won‘t have to pay off because you need it.
You are in control.
It depends on whether you make money from the market or lose out to other market participants.
There is no certainty in foreign exchange markets.
Everything is presented as probability.
So stop losses are inevitable and part of the trade.
If the market says your position is wrong, you must cut your losses.
This way, the tool will have a chance to continue serving you.
Once you make a mistake, admit it.
Sometimes forex will take you out and bounce right back, but don’t ignore stops.
The dollar rose on rising risk aversion and gold closed at its highest level in nearly three weeks.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
