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22/38
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Entries"Best-trading" involves waiting for really good trades & not being lured in by sub-standard ones. A lot of traders get frustrated when they miss trades, they think "Oh, I could have made so many pips here & so many pips there", & then they get overly aggressive with their entries, which invariably leads to many terrible entries & likely, many losing trades, which lose them enough money to put an end to their "trading-business".It's best for a trader to NOT fall into this trap that so many fall for. So it's important to realize that it's OK to miss trades, you don't have to take every trade that comes your way, especially, when making only 100 pips a month is sufficient to make you rich! Learning to wait for the best trades will ensure long-term success.SLWith best-trading, you are basically looking for a "confluence" of several events, it could be several MA's or several oscillators or a combination of MA's & oscillators, S&R on multiple time-frames or whatever else you use in your strategy, these "confluence-points" usually form some of the strongest zones of support & resistance, which would rarely be broken without allowing you to lock in a few pips with the help of a con…
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alltrade 24 June

Thanks, Skif :) Thanks, xtrader360 :)

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xtrader360 26 June

+1

alltrade avatar
alltrade 26 June

Thanks again, xtrader360 :)

lincolnppl avatar
lincolnppl 27 June

Complete. Fine, remain so informative. Have the best! +1

alltrade avatar
alltrade 27 June

Thanks for the appreciation, lincolnppl :) Read Part 1 as well if you like, the whole thing will make a lot more sense. Thanks :)

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6/38
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Start your Windows built-in calculator. Type 1000 in it, then click *, then type 1.1, then click on =, you'll get 1100, now click = for the 2nd time, then for the 3rd time & so on; by the time you click = for the 12th time, you'll see 3138, then 9849 by 24th click, 30912 by 36th time & 97017 by 48th time - what is all of this? This is just to show that a mere 10% per month, compounded, can turn $1000 into nearly $100,000 in 4 years (of course, much more down the line).Well, you might say that this is nothing new, & you might have seen & heard of such things before.....of all the riches that Forex-trading has to offer! I'll agree, & "compounding" is probably the biggest magic-word used in this business to make it seem as though all the riches in the world are within one's grasp. But rarely is a systematic, long-term approach to acquiring such riches is deliberated upon or described, & I hope to do exactly that in this article.The most resounding point I would like to make in this article is that even though 90-95% of the people lose in this business, it's NOT because being profitable is so difficult, it's NOT because they can't make good trades but rather it's because they take too …
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xtrader360 26 June

Nice article

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alltrade 26 June

Thank you, xtrader360 :)

clau avatar
clau 28 June

well writen

alltrade avatar
alltrade 28 June

Thanks for the kind words, clau :)

Maria_r avatar
Maria_r 26 Oct.

very iteresting! +1

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5/58
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                                                                                                                 HOW TO LOVE YOUR LOSESIn this article we are going to discuss the psychology of the losing trades, and the tools and view I use to approach them. When we understand what a losing trade really is, you don't fear them anymore or don't try to avoid something that is unavoidable. That way you can LOVE YOUR LOSES.                                                   CHANGING THE DEFINITION OF A 'LOSS'The best way to fix the emotional pain when price stops us out is to look for the root of the problem, your mind. The information that the market reflects (upticks & downticks) is completely neutral, is no good or bad. Your approach must be the same with any kind of trade, winner or loser; try to think like the market perspective. Losing trades are the cost of doing business, that’s all, losing is part of the game and the key is how you lose.  Said this you can qualify losing trades in two categories, in reality you don’t need to care if a trade is a winner or a loser (is the same) there are two categories for any kind of trade, if the trade followed the rules of your trading plan o…
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TelisHellano avatar

Nice Article +1

positive avatar
positive 16 Feb.

emotion & loss - they go together. In trading it is indespensable to have control over both of them.Good stuff from your end. Keep them coming.+1

ritesh avatar
ritesh 26 Feb.

Losses are the business cost of doing forex trading. this is the best article +1

Bluedragon avatar
Bluedragon 29 Feb.

good luck +1 ;)

SoftControl avatar

THANK YOU VERY MUCH EVERYBODY !!! In special to Dukascopy Experts evaluation, they definitely know to appreciate the real good material. I shared my best experience in this trading years, in the hope that everyone can be a profitable trader !!

THANK YOU AGAIN !!

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11/108
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My first article entitled “My journey to being a profitable trader” touched briefly on the importance of money management and I would like to elaborate a little more in this article. If I could say only one thing about Money Management it is that you will most probably never get rich without it or at best you will probably lose whatever temporary riches you may have accidentally acquired without it. The leverage and the compounding that makes a manufacturing business competitive and successful comes through technological advancements that permit the same, or superior, quality and quantity of products to be manufactured faster and cheaper. Without it you will most likely fail or at least not really ever succeed. The same is true in trading. It is said that new traders go broke taking large losses and that professional traders go broke taking small profits. If you have on too large a position size and it goes into profit you will be encouraged to repeat the mistake you made in position sizing. Anything that encourages even one instance of bad trading behaviour is your enemy. If you have on too large a position size and it goes against you that can cause an unfortunate and even devast…
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ritesh avatar
ritesh 12 Oct.

Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

fzavier avatar
fzavier 14 Oct.

Thanks ritesh... there are more being baked in the oven. Will be served soon :P

fzavier avatar
fzavier 14 Oct.

thanks amerfx86 - glad that you enjoyed it :)

demosco avatar
demosco 27 Oct.

good article on money management ,good luck in the contest +1

fzavier avatar
fzavier 31 Oct.

Thanks demosco!

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