If
you want to trade forex like a top trader, you must
read the 6 essential forex courses, which will tell you how to think like a top
trader and how to trade like a top one.
Forex Courses 1 – Don’t give your winning trades back
Have
you ever experienced beginner’s luck in your
early trades that you have made profitable trades in a streak? However, you
soon find that the luck seems to be gone and you are giving your winning trades
back to the market at a faster rate.
If
that ever happens to you, that’s not because
you have used up your luck but simply your mind is changing. You are becoming
overconfident and therefore you make trades in a mental state that makes you
lose money. Remember the first of these vital forex courses, don’t be overconfident and give back your trades.
Forex Courses 2 –Don’t second-guess your trades
After
you start losing trades in a steak, you are no longer over-confident. Instead
you are becoming very hesitating about placing trades. You are second guessing
your trades. Don’t do that. You never know ‘for sure’ what is going to happen even though at
times it can seem like you do. Here is the second lesson of these vital forex
courses, trade like a top trader and don’t second-guess
your trades. You trade when you are sure that’s the
right time and you accept the trading results whether they are winners or not.
Forex Courses 3 –Don’t Use Over-complicated forex strategies
Forex
beginners especially love to use over-complicated strategies. They love the
feeling of compiling the 10 different technical indicators on one graph,
waiting for the signal to show up. Unfortunately, over-complicated forex strategies especially do not work out
with forex beginners. Ordering the importance of the 10 technical indicators
alone is mission impossible. The third lesson of these vital forex courses is
to stop using over-complicated forex strategies. Stick to the simple strategies,
which should be as easy as 1, 2, and 3. That’s all.
Forex Courses 4 – Stick to a forex
trading journal
Record all your trades in a
forex trading journal. A forex trading journal will keep you accountable to
trades you have made. You not only get a chance to examine your trading
strategy but to examine your emotions during these trades. So here is the 4th of
these vital forex courses, stick to your forex trading journal. It helps you
clear your head before entering the next trade.
Forex Courses 5 – Managing risk of
each trade
Focus
on managing risk of every single trade. Never risk 2% of the account’s capital to one single trade, and always keep the risk to reward
ratio low. Many beginning traders fail because they don’t think every trade needs risk control. The 5th of these vital forex
courses may seem familiar enough to you but it’s
worth repeating, managing risk of each trade.
Forex Courses 6 –Treat trading
forex like a business
Treat
forex like a business. Trade forex like it’s a way of
living. Trust me, that’s the ONLY secret of top forex traders.
A top forex trader grows from a beginner trader who constantly makes mistakes
in the early trading life. What makes a top forex trader is the way he treats
forex. So here is the last of these vital forex courses, treat trading forex
like a business and forex will make you proud of yourself.
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