CATEGORY mental techniques

mental techniques

How to position trades without buy and sell bias (Live Traded)

This is my analysis on EURGBP because first of all, I see it’s a good chance to buy and I will tell you the reason from my own analysis, but today, I wanted to talk about how to see a chart without any bias so that you can always be flexible whether the price goes up or down, because no one can predict the movement in the future. But good traders always make profit over time because they have plans, and those plans are based on “if” questions, like “if the price goes up, then I will do this” or “If the price goes down, I will do that.” things…

mental techniques

The Best Forex Books you must read to be a Winning Trader

I will introduce some of the books I highly recommend for your trade improvement as I get requests like from my followers as below, What is your favorite book for forex trading? Which one should I read to improve my trading? So this time, I will introduce my recommended books to be a successful trader, that I think all the traders must read, because these are the books that I read many many times whenever I get into slump or going through tough times. Watch the Video Among dozens of books I’ve read so far, I picked up the ones that I think are necessary to to read when you…

mental techniques

How to keep your trade rules based on psychology

Keeping your own trade rule is one of the endless challenges for all traders. And this video is for those who tend to break his own rule and get loss over time. Like the other day, when the market spikes up and down, like the Gold or USDJPY on 13th of August, you know, they spiked more than 100 pips. and I was watching Facebook and twitter afterwards, and I saw one of the traders lost like 10 million dollars by that, but if you set your own rule and keep the rule, then the loss should’ve been kept minimum in such a volatile situation. So how can you keep…

mental techniques

How much do you need to start forex trading?

This article is about account size in trading, like how much amount of money you should trade with. And this is actually a topic I wanted to talk sometime, but I will talk about one of the common misunderstandings of a trader who has small account size. When you read books about trading, often times it says “managing your own account, you know, your own fund is important for trading.” Maybe you’ve seen those statements somewhere before. And today I am not gonna talk about like how many pips the loss cut should be or how many % of loss each trade should be, you know, that’s something that I…

mental techniques

What should I learn to be able to win? The difference of learning style between winning and losing traders.

Why there are people who win and who lose in forex trading? That’s because “what” and “how” they study is different. Holy grail is in you As compared with any skills, trade is the same as driving and sports. And you can never be successful just understanding with your head. You can move your body in unconscious level when your head and body connects altogether. When you start trading, many people start searching for holy grails. And ironically, those who realized that there is no such thing as the Holy Grail starts to walk along the pathway of a winner. Let go of unnecessary knowledge A variety of information is…

mental techniques

Break Even Strategy: Live Traded on EURGBP

This is a live trade on EURGBP on 12/06/2019. I placed two buy positions and ended up with break even (little profit) and soon after closing the position, the price went straight down. Loss cut technique is very important because that’s the way to secure your account. And if you can survive from the market, there’s always a next chance. But if you die, that’s the end of the game. Watch Video EURGBP Daily chart on 12/06/2019 This trading is recorded on the 12th of June, 2019. This chart is the Daily chart of EURGBP I am thinking to trade this currency pair because as you can see, it’s been a…

mental techniques

Profit Management – 3 numbers to protect your profit as your life guard

Profit management is just like a shield to fight on the battlefield called “Forex.” It is not courage but foolish to fight without knowing how to protect yourself. The importance of learning to survive A competitive trade is a surviving trade. It is said that 70% of the FX participants will eventually leave, but only those who survive to the end will receive continuous benefits. If you know how to survive without leaving, even if it takes time to learn, you will be able to join the winning traders group. Nothing is more important than NOT GIVING UP. The same can be said for business and study. But in forex,…

mental techniques

How can just $1 investment makes you happier than winning a lottery?

Watch the video What is “Investment” to you? When you think of an investment, you may think to invest on something to get something in return and become rich, right? You know, to earn more money in return of what you invest on. But why you think of wanting to have more money? That could be because you want to be happy, like to be able to do what you want to do, or you want to live with joy, or you want to live without any anxiety, and so on. But anyhow, if you are happy and always become happy, that’s your goal, isn’t it? There are some people…

mental techniques

Things you should NOT do in the morning that lower your potential

Video Things you should NOT do in the morning that lower your potential There is a certain habit in the morning that makes you foolish. In other words, if you do a certain thing in a morning, you become foolish and dumb the whole day. And people waste their time because of this. It’s not about waking up early or late in the morning, but what I mean is if you do a certain thing in the morning, it decreases your productivity in a day all day and because of that, your cognitive function will be declined that you make small mistakes, or worries something that you don’t have to,…

mental techniques

Psychology of Wasting Money

Video Psychology of Wasting Money What is going on when someone spends all his money? What kind of characteristics does someone have when he wastes money? These are the topics I will be writing about in this article. Which one is faster to spend all? $1,000 in your pocket? or $1,000 debt? There’s a personality testing called “big 5” and this test is considered to be one of the most reliable tests for investigating personality. By taking this test, you know how much you tend to waste money, your wasting habit, and when it happens. Wasting money or wasting something is very dangerous because it exaggerates more wasting and eventually …