If you're thinking of quitting trading, watch this first!
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- Опубликовано: 30 май 2024
- Trading isn’t easy. In fact, most people who try to trade fail. It’s estimated that upwards of 95% of people who begin trading lose. Sound familiar? Is this you? Have you blown out your own account, spent $100s of dollars on failed prop challenges, or run a funded account into the ground?
You’re not alone. In this video, we’ll identify three characteristics of losing traders and show you how to overcome them. If you want to quit trading, watch this video first.
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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I think the answer is emotional control because if you can't tame your emotions even the best strategy won't save you.
Hey Simon! Thanks for watching, we'll put the answer out a bit later on!
The answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
I would say comprehensive trading plan because it encompasses discipline,risk management, strategies etc
We'll put out the answer a bit later....thanks for watching!
You are 100% correct! The answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
This helped me thanks so much
Glad you liked the video, we have more to come, stay tuned!
thank you sir
Wow. This video is exactly on point. I've been trading a long time, and to be honest, based on what I've seen from most other trading videos on RUclips, I sincerely expected this video to be total garbage. BUT THIS INFO IS DEAD ON. WHAT THIS GUY SAYS IS 100% REAL. THESE THINGS MAKE A TREMENDOUS DIFFERENCE AND WILL HELP YOU SUCCEED IN A BIG WAY. I don't know him and I'm not familiar with his company. I just wanted to take a moment to encourage anyone who is struggling with trading and tell you to pay attention to what he is saying.
My answer to the question would usually be Risk Management, but all these things are important. I suppose Discipline encompasses them all, so I guess I'll go with that. Because even if you have the others, if you don't have the self-discipline to follow them, they will do you no good.
One of my mentors gave me this definition of self-discipline:
*Self-discipline is doing what you have to do, when you have to do it, whether you like it or not.*
We're glad you enjoyed the video,Nathan! Many thanks for the endorsement!
All the listed components are very very Important
You are correct Bruce! But, there is one answer that we are looking for. We'll put out the answer a bit later on today!
You are correct Bruce :) But, the answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
I was in profit but my greed made me lost everything but I won’t quit
Sorry to hear about that Temple, experience is the best yet the most painful teacher. We wish you best of luck in trading and creating your trading plans.
A. Discipline
Thank you for commenting! Discipline is important; we'll put out the answer later on today!
Good answer, but the answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
Crypto Bull run is making waves everywhere and I have no idea on how it works . What is the best step to get started please 😃🙂
Am facing the same challenges right now and I made a lots of mistakes trying to do it on my own with no good guidelines from from anyone.
Today am regretting it massively. I really need a fundamental information about crypto investment.
Crypto and NFTs are bringing a different revolution in the world economy. People are optimistic investors earn consistently. Others will just sit and watch
Bitcoin is the only coin worth investing in long term
We offer educational trading courses from beginner to advance trading strategies, please reach us at our website forexsignals.com for further assistance.
D. A comprehensive trading plan
How can I get the link below
You can reach our support open 24/7 at forexsignals.com for further assistance, glad you liked the video :)
You are absolutely correct!
My answer to the question is discipline.
Thanks for watching and great work Chiziteluizuchi! We'll release the answer a bit later on!
Great guess...but, the answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
I think D is the answer
Outstanding answer! It's “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
Discipline
Good answer! However, we are looking for a different response...we'll put out the answer a bit later today!
Not quite...but solid answer! The answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.
"Establish your consistency first". Easy for you to say as a Vendor.
Consistency is the key to winning in the markets, no matter what or where you are trading. It's tough to make money if you can't execute your strategy every day. Thanks for watching!
Retail traders: "We buy at support and sell at resistance with a high risk-to-reward... beep boop..."
Institutional traders: "Buy that resistance! Sell that support with a negative risk-to-reward!" 😂
Try this. You'll be surprised. In the markets, you do not want to be a sheep.
Interesting take Dee! As long as one has a plan that identifies market entry, market exit, and risk management, then why not?
Discipline
Good answer! Discipline is critical to a trader's success. But, we're looking for something different here. We'll put out the answer a bit later today!
Discipline is important, but the answer is “D,” the Comprehensive Trading Plan. Why? Because the trading plan promotes consistency, defines risk management, and defines strategy. In short, it gives us a structured approach to the markets. By far, having a solid Trading Plan is the #1 aspect of successful trading.