Many struggling forex traders are in that position because they don’t realize one thing: the job of a professional trader is to isolate the least random market information and then take risks that are proportional to their trading capital. I say “least” random because a “non” random condition would mean that the particular setup would work 100% of the time. Traders must always face the possibility of a loss. The problem is most amateur traders do not consider trading a game of probabilities, they instead consider it a game of predicting the future.
When I speak to many newer traders or some who have been trading for a year or less, and I ask them to explain one of their setups Read more [...]
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