Finding the optimal balance between knowledge and the emotions
involved in trading can make you a really successful forex trader.
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The main rule is to set up goals before starting to trade and have
concrete objectives in mind that you can later measure and evaluate.
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Though your main goal as a trader is to make money, you should not ignore the fact that there is always
a risk involved, and having high returns is also based on making plans ahead for draw-downs
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If you want to keep up a consistent level of profitable trading and not only
close successful deals at random, you must have clear-cut goals.
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You should remain consistent with your trading goals and plans. To make the best use of your
trading systems, take each trading entry, adjust the stops and close out each of your trades according to how and when your system says so
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You must have a disciplined approach to trading and should be able
to follow up with the factors that caused possible failures.
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When you are getting a profitable trade, you may have doubts whether
you should quickly close it and take the money, otherwise you may lose it