Question
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Good pointers for beginners?
4 Answers
<p>There is an abundance of opportunity in any instrument you want to trade. This is a good thing but can be negative towards your trading if you try and catch every single trade. This will cause unnecessary losses which in turn will reduce your confidence which leads to emotional trading. So you can see how everything works together.</p>
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<p>In trading you need a type/model. You need to find what setup you see in the market the best and can consistently execute on with confidence, regardless of if you are right or wrong. You just follow the model over and over again as if you were building the same house over and over again. That’s something you can’t learn on the charts and is something you have to overcome within yourself.</p>
3 Views
<p>The best way to analyze a stock/forex pair is by viewing it in multiple timeframes. Whatever the primary timeframe I’m looking to trade, I always zoom out to a longer timeframe. For instance, if I’m trading a daily chart, I’ll first look at the weekly chart. If I’m trading a 5-minute chart, I’ll first look at a 30-minute chart.</p>
2 Views
<p>Any pursuit is always governed by universal life principles. Once you discover a principle in one area, you realize it starts to show its face in other endeavors too. That’s because these universal life principles govern all pursuits. Trading is a high-stakes personal journey that has taught me countless life lessons. And I’m still constantly learning. I hope that now these life lessons will show their face more for you.</p>
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