In this blog I would like to share with you the two most important factors that I believe make the difference between an amateur and a good, successful trader.
" psychological trading and the money management system "
From the beginning of my experience as a trader, and especially when I started focusing on Forex trading, I have focused on studying different trading strategies, indicators and graphical patterns.
I found I had a hidden talent regarding everything that has to do with technical analysis. I was introduced to the leading experts in the field and we found we had a common language and communicated on the same level.
I stopped losing money.
But I still failed to achieve the continual and steady income that I was striving for.
Finally, I decided to make a significant change and reorganize my trading.
Looking back, I can honestly state that technical analysis is only the second important feature of a good trader.
Don’t get me wrong; it is very important to use indicators and charts to find the best trades, but I think that knowing how to enter the trade correctly and knowing how to manage and close a trade is far more important.
But it’s not simple.
What comes into play is the psychology of trading, a complex mixture of factors that prevents most of us from succeeding.
To your success,
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