Change the way you approach the market for better results. The pattern or strategy that you are using must be tested several times to prove that it is working. Should it happen that your strategy was tested and you follow the rules but do not make money. Change the way you approach the market and the pattern or strategy as well for better results. Losing your hard-earned money is not nicer, especially in our economy.
Things to do before you take a trade. Always remember and focus on your strategy or pattern. It is important to know what you are doing in the market. If you fail to do that, you are not going to make money. You will find yourself taking losses that you could’ve prevented. The reason why many people take losses now and then is because they want to see themselves making money. Reality that is not what you should do unless you’re scalping. When you open your chart, you specifically look for the formation of your strategy or pattern. Then you notice that your pattern or strategy is not fully formed, and then you decide to buy or sell. If your pattern or strategy is not fully formed, the higher the chance that you will take a loss.
When you strictly stick to the rules of your strategy or pattern, you increase the chance of being profitable in the market. The biggest key to becoming profitable in the market is knowing what you are doing and also knowing when to buy and when to sell, and then you are done. I mentioned this information in my eBook Forex Secret For Beginners. I would advise you to get the eBook and read it more than twice to get a better understanding. When you trade, you need to pay attention to everything that is happening, that has happened. Check your left side, or, let me say, the past information or history. History is everything that you need in the market, last month’s information will have an impact on the current price. I will make a video where I explain more information about our left-hand side of the chart. Check out this video https://youtu.be/gMO4QE_ZM2k
Leave a Reply