A new member of the #ASFX VIP community. Futures 2.0 course completed and WHAT a course it is. 100% recommend giving it a look if you’re struggling with executing trades.
Currently forward testing the strategy. Here’s the one trade I placed today.
Let’s go @austinsilverfx
One of the reasons that trading is hard is because it's hard to know if your strategy is profitable or not.
You need to use it enough times, without mistakes or adjustments to have big enough trade sample.
Sometimes, you are not sure if given trade did not work out because you made a mistake or it was just part of expected losses.
‘That is what every successful person loves: the game. The chance for self-expression. The chance to prove his or her worth, to excel, to win. That is what makes footraces and hog-calling and pie-eating contests. The desire to excel. The desire for a feeling of importance.’
Dale Carnegie - How To Win Friends And Influence People.
This book 🤯😯
OVERNIGHT SUCCESS:
Becoming a millionaire overnight.
If someone promises you this. Don’t walk… Run.
Developing your trading edge takes time. Be patient. Give it your time each and every day.
The magic of compounding will amaze you when you look back 🧠
#Forex#Millionaire #SuccessfulLife
@_claudiarea Have you read ‘How To Win Friends And Influence People’ by Dale Carnegie?
I’m just over half way through. It’s an amazing and really thought provoking book! ☺️
Trading is 100% execution.
It’s a game of managing risk, being focused and keeping your emotions in check.
It only makes sense that outside influences play a massive part in your trading.
It’s why self reflection & journaling are so important. To identify when you’re not analysing and executing at your best.
Sometimes, the key to being profitable isn’t knowing when to take a trade. It’s knowing when to step back, wait and not take the trade.
#ForexMarket #Psychology #BeAtYourBest
Yes, Yes & YES!!
Journaling is key when you’re starting out.
I used to make excuses & be lazy with my journaling (In that I didn’t journal at all).
Recently I’ve taken it seriously and WHAT a change I had in my results.
Gather the data. See what works for you & grow.
To rapidly improving your trading mindset you need to start journaling!
There is no debating this!
But 99% are doing it all wrong.
To learn the secret to journaling carry on reading👇
📈 Ready to conquer Forex Trading?
It all begins with mastering the art of Risk Management! 🎯
One golden rule to remember:
Never risk more than 2% of your total trading capital on a single trade. Personally, I never risk more than 1%.
This conservative approach safeguards you against significant losses and helps you stay in the game for the long haul. That's what its all about. Manage your risk and be consistent in the long run.
By managing your risk effectively, you ensure that no single trade can wipe out your entire account, giving you the confidence to navigate the volatile Forex market.
#ForexTrading101 #RiskManagement #TradeSmart