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It is un
fortunate that i make payment before getting to know about this forum. He post fake result on telegram channel and after payment i was blocked.
I have used TSR 2018 version and it was very profitable. Though the draw down may go as far as 40% but it always end in profit.
With $2000 0n standard account or $500 on cent account.
Time frame H4
Pair EURJPY and EURCAD just one pair on the chatt
Others at Default Setting
Failure to plan
Not having a Stop Loss.
Adding to an unprofitable trade.
Lack of risk management.
Ignoring news release
Trying to avenge yourself.
Lacking education.
Behaviour is an integral part of the trading process, and thus your attitude and mindsets should reflect the following four attributes:
1. Patience
2. Discipline
3. Objectivity
4. Realistic Expectations
1. know yourself - This means you should define your risk tolerance carefully. Understand your needs.
2. Plan your goals - It is important that you stick to your plan.
3. Choose your broker carefully - Broker can kill your trades if you fail to do your due diligence in choosing the right...
Good traders have their own plan and the best make an effort to hold it. Some prefer daily transactions, whereas others like long term strategies. You should keep it steady. Write your plan on a paper and follow it systematically. Write down the prices of each transaction and why you selected...
A common mistake beginners make is closing the transaction too soon, thus not taking advantage of the full profit potential. Trend last longer than they might seems at first
Beginners often dont know when trend starts and dont use trends in their favour. Trends have momentum, although a momentum strategy requires a solid exit to protect profits
Transaction against the trend usually result in loss. Before you make decision to trade in the forex market always wait for an evident trend and then make your move.
Should you be a day trader, swing trader, position trader, news trader, scalper, or a combination of different forex trading strategies?
You need to make up your mind of the class of trader you want to be, learn the process and stick to it and you will see yourself progressing
Trading require patience. You need to be very calm when trading particular when the market is going against you. That is why you need to learn the psychology of trade before you venture into it and also be a master of your emotion.
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