Mindfulness : The Zen approach to Trading Success
BTCUSD
, 1MEducation
Nico.Muselle
Mindfulness is a practice that involves being fully present and engaged in the moment, aware of your thoughts and feelings without judgment. It originates from ancient Buddhist meditation practices but has been adopted widely in various forms across the world for its mental health benefits. In this post, we'll dive a bit deeper into what it is, where it comes...
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Trading Psychology
Trading psychology refers to the state of mind of traders when they are active in the financial markets and how this affects their trading decisions. This psychological side of trading is often overlooked. A sound state of mind means a trader executes his plan consistently, is mindful of the risks involved, is not hindered by emotions, takes equal responsibility for wins and losses and is realistic about trading in general. Bad trading psychology is one of the top reasons traders fail.
Signs of good psychology include not being emotionally attached to individual trades, not being affected by performance anxiety, focussing on results over a larger number of trades and not putting up positions that are too big to handle. Good psychological traders do not engage in revenge trading, do not second guess trades, and focus on self-improvement without sabotaging their results. They are honest about wins and losses, hold themselves accountable and understand how to deal with fear and greed. Both can be destructive emotions and several techniques exist to control them.
5 TIPS FOR SMALL ACCOUNTS
BTCUSD
, 1MEducation
ArShevelevUpdated
Hey! When we start trading we want to make a lot of money and became millionaires by the end of month. This awesome motivation could be cut off easily without following simple plan and strategy. When I started trading I entered only with 100$ account and loose it all within a month. I didn’t payed attention to my personal financial plan and rules, which cost me a...
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100% TRADERS START WITH DREAM TO GET RICH QUICK
BTCUSD
, 1MEducation
ArShevelevUpdated
Hey guys! Do you agree with me?!It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons:1) Most traders Enter A...
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What is the secret of success? 🌴 Being Wrong is OKAY!
ETHUSD
, 1MEducation
ArShevelevUpdated
Here is the 5 TIPS TO DO with your mistakes: 1. Acknowledge Your Errors So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone.Before you can learn from your mistakes, you have to accept full responsibility for...
4 Steps To Improve Your Trading Performance
GBPUSD
, 60Education
TheTraderCortex
You've probably experienced thisA negative trading performance. A spiral of bad trading decisions. A strategy that is not performing as expected.A helpful practice to overcome these situations is to focus on having a better process. Because results are a consequence of actions, and negative actions lead to negative results. So here's a framework to create a...
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DAY TRADING WHILE HOLDING A 9-5 JOB
EURUSD
, 240Education
FOREXN1
DAY TRADING WHILE HOLDING A 9-5 JOB Embarking on the exciting journey of day trading while managing the demands of a full-time job is indeed a challenging yet achievable endeavor. Thanks to the rise of user-friendly mobile applications offered by trading platforms, individuals now have the power to execute trades seamlessly from various locations. This creates...
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How to Become a Professional Trader!
XAUUSD
, 240Education
shaw42
The Triad of Successful Trading: Strategies, Psychology, and Risk Management.Introduction:In the dynamic world of trading, achieving success is a multifaceted challenge that requires a comprehensive approach. While many enthusiasts focus primarily on trading strategies, it is crucial to recognize that a holistic approach, incorporating trading psychology and...
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Navigating Moving Averages: Decoding Simple vs. Exponential 📊📈
EURUSD
, 3DEducation
ProSignalsFx
Moving averages (MA) serve as foundational tools in technical analysis, offering insights into market trends and potential entry/exit points. This article delves into the comparison between two primary types: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), providing traders with a comprehensive understanding of their differences,...
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Untangling the Web of Confirmation Bias in Trading 🕵️♂️🔄💭
BTCUSD
, 1DEducation
EliteTradingSignals
Confirmation bias is a common psychological phenomenon that can significantly impact trading decisions. This article delves into the depths of confirmation bias in trading, unraveling its influence, implications, and strategies to mitigate its effects. Understanding Confirmation Bias Confirmation bias occurs when traders favor information that confirms...
10 LESSONS EVERY TRADER SHOULD LEARN!
EURUSD
, 60Education
FOREXN1
Embarking on the thrilling journey of trading? Gear up with these invaluable lessons to empower your trading expertise: 1. Knowledge Empowers: Embark on your trading journey equipped with knowledge as your most powerful weapon. Delve deep into the intricacies of the markets, understanding their nuances with precision. Grasp the ever-changing trends, and...
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The ONLY Way to Become a Successful Trader
EURUSD
, 60Education
VasilyTrader
Hey traders,Like any discipline, consistently profitable trading requires many years of practice.In this post, we will discuss the only proven way to become successful in trading.🔰First, let's start with the axiom: there are no inborn traders, trading is a skill, a skill that can be learned. Though talent may help you in some manner it does not guarantee...
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Discover The Main Difference Between Scalping, Day, Swing TRADES
EURUSD
, 120Education
VasilyTrader
How long to hold your trading position?Everything depends on your trading style.In this post we will discuss the preferable holding period for your trading positions.First, Let's define 4 main trading styles:Scalper, intraday trader, swing trader and investor.One of the core differences between these styles is the time horizon of their predictions of a...
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5 RULES DISCIPLINED TRADERS FOLLOW 👨🎓
BTCUSD
, 1MEducation
ArShevelevUpdated
Hey guys! In this article you will learn about 5 RULES DISCIPLINED TRADERS FOLLOW, let's dive in it! But before you do so, make sure you follow my page and turn TradingView notifications ON! Let's go! 1️⃣ Follow Financial Plan, Do Not Go All In A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for...
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Navigating the Rocky Road: The Hard Trade Journey 🌄💼
BTCUSD
, 1DEducation
EliteTradingSignals
The path to success in trading is not always a smooth one. For many, it's a hard-fought journey filled with challenges, setbacks, and invaluable lessons. In this comprehensive exploration, we delve into the trials and triumphs of traders who have faced adversity and emerged wiser and stronger. Learn from their experiences, find inspiration in their stories, and...
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Trading Commandments: The Decalogue for Success 📈🔟💼
XAUUSD
, 1DEducation
UnitedSignals
In the world of trading, there are timeless principles that serve as guiding beacons for traders, both novice and seasoned. These commandments are the keys to unlocking success, managing risk, and navigating the financial markets. In this comprehensive guide, we unveil the "10 Trading Commandments," each accompanied by real-world examples to reinforce their...
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Learning from Mistakes: The Path to Trading Mastery 📈📚🛠
BTCUSD
, 1DEducation
EliteTradingSignals
Mistakes are an inevitable part of a trader's journey. What sets successful traders apart is their ability to not only acknowledge these mistakes but also to study and learn from them. In this comprehensive guide, we'll explore the art of dissecting your trading mistakes, understanding their origins, and using them as stepping stones towards trading mastery....
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Unmasking the FOMO Effect in Trading 📈💼
EURUSD
, 3DEducation
ProSignalsFx
Fear of missing out, or FOMO, is a psychological phenomenon that has infiltrated the world of trading, leaving traders susceptible to impulsive decisions and emotional turbulence. In this comprehensive exploration, we delve into the FOMO effect, dissecting its origins, manifestations, and the impact it has on traders. Join us on this investigative journey into...
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The Trader's Odyssey: Navigating the Financial Seas 🌊💼📈
XAUUSD
, 60Education
TopTradingSignals
The journey of a trader is a dynamic and often challenging expedition through the world of finance. This comprehensive guide embarks on the trader's odyssey, shedding light on the trials, triumphs, and key waypoints that define the path to success. Join us as we navigate the intricate journey of a trader, enriched with real-world examples and insights to help...
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