“Profit and discomfort stand side by side.
Ancient wisdom from the East: What at first brings pleasure in the end gives only pain, but what at first causes pain ends up in great pleasure.
Don’t confuse execution with opportunity.
Save Donkey Kong for the weekend. Pretty colors and fast fingers don’t make successful careers. Understanding price behavior and market mechanics does. Learn what a good trade looks like before falling in love with fancy software.
Control risk before seeking reward.
Wear your market chastity belt at all times. Attention to profit is a sign of immaturity, while attention to loss is a sign of experience. The markets have no intention of offering money to those who do not earn it.
Don’t count your chickens.
Profits aren’t booked until the trade is closed out. The market gives and the market takes away with great fury.
Don’t have a paycheck mentality.
You don’t deserve anything for all of your hard work. The market only pays off when you’re right, and your timing is really, really good.
Don’t try to get even.
Trading is never a game of catch-up. Every position must stand on its merits. Take your loss with composure, and take the next trade with absolute discipline.
Don’t seek the Holy Grail.
There is no secret trading formula, other than solid risk management. So stop looking for it.
Don’t forget your discipline.
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge.
Don’t project your personal life.
Trading gives you the perfect opportunity to discover just how messed up your life really is. Get your own house in order before playing the markets.
Don’t think it’s entertainment.
Successful trading will be boring most of the time, just like the real job you have right now.” -
Author: Alan Farley
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Thread: What traders shouldn’t do
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11-09-2021, 05:22 AM #1
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What traders shouldn’t do
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12-09-2021, 11:58 AM #2
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Forex is one of the best online income sources nowadays. People are becoming more interested in forex trading. Forex trading has many advantages compared to other trading markets. It never sleeps. So, you can trade at any time and as much as you want. Broker offer more lucrative facilities to attract traders in the market. My broker Forex4you offers high leverage up to 1:500, swap-free account, commission-free trading, etc.
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13-09-2021, 06:06 AM #3
The selection of the existing broker must be able to be considered properly, this is done so that traders can become better and can be maximized in getting the security and comfort of trading in accordance with expectations with Tickmill.
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13-09-2021, 07:53 PM #4
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The trader should choose to trade with a forex broker which is a perfect match for traders’ trading style and goals. In the forex market, the broker offers are versatile and abundant. So, choose the broker which fits according to your trading style. As for me, I choose to trade with TP Global FX.
My broker offers forex & CFDs trading with MT4 and MT5 trading platforms, tight spreads, quality executions, powerful trading tools & 24-hour live support. This is the best broker I have ever seen. They always help me to make consistent profit from this market. Thery are very reliable. They provide 24/5 customer support to their clients.
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17-09-2021, 03:30 AM #5
in forex it will never be instant, so it is important for traders to be better and be able to get more leverage in getting the security and comfort of trading while on a real account with Tickmill.
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