of these factors at once, youre setting yourself up to become good (not great) at a lot of things. After a losing trade What do you do immediately following a loss? This topic takes us back to the notion that successful Forex traders dont try too hard. In order to maintain that value, the bank set their interest rate at a high level, similar to the one offered by Germany.
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In this post, Im going to share nine attributes of successful, forex traders that you may not have thought of until today. The concept of thinking in terms of money risked, as it applies to Forex trading, is no exception. So the next time you have a winning trade, pat yourself on the back and then walk away. I dont say this to discourage you, but rather to prepare you for whats ahead. Leave your answer, question or comment below. Merika Mphogo introduced me to forex trading in April 2016. A well-known figure in the, forex world is that. Similarly, dont allow the money to be your sole reason for trading. These are all things that make up your trading edge. I dont care if youve been trading for one month or ten years, its always more enjoyable to make money than to lose. I would immediately start going through all my charts looking for a new setup with the intent of recovering what I just lost. In fact, a good exercise after a losing trade is to ask yourself, would I take this same setup again next week if it presented itself?
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