Tag: Forex Trading

The 5 aspects of trading that you need to master to become a successful trader

Five Aspects of Trading

We all have different ideas about what is needed to become a successful trader, but I guess it all comes to this:

Knowing about what gives you a better chance to win a trade and using that information to put the probabilities on your favor.

Notice I used the word: probabilities. Because in trading is all about it, you will never be certain about anything in the forex or futures or stock or any other market.

So you need to learn to live with it, and start thinking in probabilities terms.

Once you begin to think in probabilities terms, everything becomes easier, a lot easier. Because now you don’t need to be right every single time.

You know that sometimes the market moves against you, and some others on your favor, so at the end, our job is to make sure we make more money when the marker moves on our favor, than when it moves agains us.

Do you agree with me?

I’d like to know what you think about this… let me know in the comment section.

Anyway, to make sure you make the most out of your trades (when the market moves on your favor) you need to focus on these 5 areas:

Forex Trading

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