How important are rules for Crypto and Forex Traders ( A Beginners Guide )

How important are rules for Crypto and Forex Traders ( A Beginners Guide )

Trading means being a slave to your rules and discipline.

Break them and you will be punished for sure.

6 Rules for Trading

1. Always use a stop loss.

2. Pay yourself when money is made available.

3. Trade-in high-probability environments.

4. Don’t trade against your daily/weekly bias.

5. Never revenge trade.

6. Don’t trade Monday London session in forex

From the outset, many traders tend to misunderstand certain crucial aspects.

This is understandable, given the pervasive portrayal of an enticing dream across social media platforms.

It encompasses notions such as employing a 100% win rate strategy to earn $10,000 in a single day or achieving millionaire status through forex trading, accompanied by luxurious lifestyles.

These illusions of ‘rapidly’ accumulating ‘vast wealth’ with ‘minimal risk’ are embraced by novice traders who eagerly enter the market.

However, as they experience numerous losses, the harsh reality of trading begins to unfold.

It becomes evident that the dream they were sold was a fabrication.

The truth emerges:

(1) Trading does not yield quick gains; it necessitates significant time and effort to develop the necessary skills.

(2) Profit is the reward for effectively managing risk.
All these successful traders use the most basic strategy you can use them to.

There is nothing special about their strategies.

They mastered trading psychology…thats it.

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Learn psychology and you will do better.

Stay strong

Only 5% make it in this business.

The rest 95% don’t do the following.

-They don’t journal their trades.

-They are chronic gamblers thinking they will turn 100 usd into 10000 usd.

-They don’t use STOP LOSSES.

-They never ever take responsibility.

They have no trading plan.

Do the opposite of this and you are already headed in the right direction.

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You Must Be Like A Sniper In The Market.

A Hitman Is A Very Observant Person.

A Hitman Is A Very Patient Person.

A Hitman Is Driven By Precision.

He’s Only Looking For A The Perfect Move To Act.

He Waits And Waits And Waits.

Once He Has Got A Lock On His Target What Does He Do?

It’s A Straight Kill.

No Missing.

Be Like A Hitman In This Market.

A Sniper Is Only Capable Of 1 Shot At A Time For A Reason.

It Has to be a Massive Kill.

That’s What Makes The Sniper Different.

You Must Wait And Wait And Wait.

When The Moment Comes Go For The Kill Move With Ultimate Precision.

Be Like A Hitman.

Be Like A Sniper🙏🏾🙏🏾

Show no mercy as the market will never show mercy to you.

It does not care whether your a seasoned pro or just a beginner in Crypto Currencies and Forex Trading Markets.