Statistic says 90 percent of the people loss money and only 10 percent people make money in any trading so 90 percent people are doing something that 10 percent successful people not doing or we can say 10 percent traders are doing something different from the 90 percent people who lose money .
Truth about the successful and unsuccessful Trader
UNSUCCESSFUL TRADER : LOSS MORE AND EARN LESS ON EVERY SINGLE TRADE
SUCCESSFUL TRADER : EARN MORE AND LOSS LESS ON EVERY SINGLE TRADE
A Successful trade must be have a trading plan in the below i follow the step .
The trading process : (1) psychology (2) money management and (3) market analysis
(1) PSYCHOLOGY: Always trade with target and stop loss and forget the script for the day which you have made loss .
(2) MONEY MANAGEMENT : Never risk more than 2% of your account balance on a single trade . And always maintenance Minimum Risk To reward ratio 1:2 . Reward Take profit 4% and Risk 2% .
(3) MARKET ANALYSIS : Technical analysis (charts,levels,indicator and historical data) . Fundamental Analysis (news and events)
KEY TO SUCCESS : KEEP DISCIPLINE
THANKS
Truth about the successful and unsuccessful Trader
UNSUCCESSFUL TRADER : LOSS MORE AND EARN LESS ON EVERY SINGLE TRADE
SUCCESSFUL TRADER : EARN MORE AND LOSS LESS ON EVERY SINGLE TRADE
A Successful trade must be have a trading plan in the below i follow the step .
The trading process : (1) psychology (2) money management and (3) market analysis
(1) PSYCHOLOGY: Always trade with target and stop loss and forget the script for the day which you have made loss .
(2) MONEY MANAGEMENT : Never risk more than 2% of your account balance on a single trade . And always maintenance Minimum Risk To reward ratio 1:2 . Reward Take profit 4% and Risk 2% .
(3) MARKET ANALYSIS : Technical analysis (charts,levels,indicator and historical data) . Fundamental Analysis (news and events)
KEY TO SUCCESS : KEEP DISCIPLINE
THANKS
Understanding Trading PSYCHOLOGY
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