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We tend to analyse,go to the socials,see people with their analytics opposing ours,and then we neglect our analytics and we follow the other’s analysis,it is not healthy,you are messing up your learning curve,trust your analysis,learn from your mistakes
It is completely okay to stop trading for a while,it is recommended,forex wears of our emotions ,and you need to take care of your mental health,if forex overwhelms you,take time off the charts,your trading will be better
In forex,we tend to overanalyse,over leverage and over trade,All of those are factors as to why we are not profitable after trading so many years,Respect your capital,Take losses to the chin,but don’t revenge trade trying to make back what you lost,you are not respecting your capital in that...
SMC does not have any indicators,SMC doesn’t require any of them,you can do the indicator work yourself with the SMC skill in your arsenal,your chats will be cleaner,you understand price better
new traders laugh at each other more than helping each other,They are too perfect,In this industry,you don’t have to be toxic,Help where you can and when you see someone coming up,give them their space and stop throwing your negative remarks as if you were not there once
Lack of descipline,driven by the social media fakes and lies,going for perfection,over leveraging,Never backtesting,no trading journal,No trading plan.Lack of information,too quick to find without backtesting,Too aggressive and greedy,not understanding their risk tolerance,FOMO
Tradingview has nice tools for usage,but you must be careful with which broker you use to analyse charts,There are brokers that manipulate price and might not have the same structure as your broker on MetaTrader,Make sure to confirm
To be honest,both these are profitable,It depends how well you study them,And also backtest,They cannot be mixed,but one is not better than the other,they are all profitable,choose one and get the bag
SMC is really underrated.I have been using this strategy and understood the market way better.Traders need to utilise this strategy.it opens your third eye
SMC is really underrated.I have been using this strategy and understood the market way better.Traders need to utilise this strategy.it opens your third eye