THE TWO JOBS OF EVERY TRADER - forex trading books uk

THE TWO JOBS OF EVERY TRADER ~ forex trading books uk

Traders obtain all kinds of knowledge, build successful traders vocabularies and spend a fortune on classes, webinars, robots and other complicated systems trying to learn to be successful in the market. The problem with most traders is that THEY COMPLICATE TRADING, heck You dont have to do many things in forex to be successful, but there are two jobs that every traders must master in order to be a true success in forex.

Job #1

PRESERVE WEALTH

Job #2

BUILD WEALTH

Number 1 is much much much more important than number 2 because You can not build on wealth unless You first preserve what You have got. I believe that not preserving the wealth that they already have is the number 1 mistakes traders make.

Preserving wealth and building wealth, doing these two things consistently will bring You more success than doing many complicated things. The traders who are successful are successful more because they are disciplined than they are smart. After some education most of us know the same things; so why is it that a few people are successful here and most are ever grasping at success, but never fully tasting it. It is because while we all have the knowledge, only a few will practice it consistently. I am not successful because I know more than You, I am successful because I am willing to do what most traders fail at. I first preserve wealth by cutting bad trades quickly; secondly I build wealth jumping back in when I see an opportunity and letting the really sweet fat trades run and run and run. As a trader, You will have more chances to enter bad trades than You will good trade, so make the good ones really count.

Successful traders can pass along ideas for forex mastery and success, but no one can really tell You the best way to trade because there are many ways to be successful in forex, but once You have honed in on a good system, trade it consistently and You will come out ahead. No matter which system or time frame You choose to trade remember Your two jobs everyday............

PRESERVE WEALTH!!!!

BUILD WEALTH!!!!

YOU CAN DO THIS (^_^)!

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THE 5 DEADLIEST WORDS IN TRADING - forex trading books in malayalam

THE 5 DEADLIEST WORDS IN TRADING ~ forex trading books in malayalam

AH, IT WILL COME BACK, these are the five deadliest words in trading..........

They are the words used by traders to comfort themselves as trades move against them, depleting their wealth. If You find Yourself using these 5 deadly words, then that is a trade that You should have already cut.

Many times we used these words fully confident that the market is going to come back in our favor, but these are the words used by every broker trader before they go bust. NEVER TAKE A CHANCE ON SOMEONE PULLING THE FINANCIAL RUG FROM UNDER YOUR FEET!!!!!!!!

As a trader You have 2 jobs everyday
Job #1
PRESERVE WEALTH

Job #2
BUILD WEALTH

There are crazy market days when it is NOT WHAT YOU EARN, IT IS WHAT YOU KEEP, thats more important to Your bottom line.

If Your account balance is $50,000.00 USD and You have a trade going against You at -$45,000.00 USD, then You only have $5,000.00 USD. The $50,000.00 balance gives traders a false sense of security. PLEASE PAY MORE ATTENTION TO THE EQUITY IN YOUR ACCOUNT THAN TO THE ACCOUNT BALANCE. Your equity is where Your TRUE WEALTH lies. If You are comforting Yourself by looking at the $50,000.00 balance instead of the -$45,000.00 thats devouring Your account; You are deluding Yourself. YOUR EQUITY IS WHAT COUNTS, SO PROTECT YOUR EQUITY!!!!

SUMMARY
The three most important lessons of this blog post are:

If You are telling Yourself, Ah it will come back", that is a trade You should have already cut. These are the 5 deadliest words in trading.

Your #1 job in trading is to preserve Your wealth!

Your #2 job is to build Your wealth!

YOU CAN DO THIS (^_^)!

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