Become A Profitable Trader
I Empower Women to Transition Into The Forex Space, Master The Skill, Achieve Financial Freedom.
The best traders are never right all the time, they make losses too. Focus on getting more trades right than wrong and you’ll be considered successful.
27/01/2023
Why Fx Traders fail (eps 1)
✨Have the right expectations:
Most new traders with a pro trading system enter this business with the wrong expectations about trading.
They want to:
Make a profit every single day.
Learn a simple chart pattern that can rake massive profits with low risk.
Take a small trading account and grow it to 7-figures within a few months.
Is it possible?
Yes, but only if you’re “lucky”.
Because 99% of traders who attempt it either blow up their accounts or quit trading altogether.
Now if you’re serious about trading then you must have the right expectations.
So here’s what to expect…
#1: You won’t make money every day
Here’s the thing:
A trading strategy seeks to exploit certain market conditions to profit from them.
(For example, Trend Following makes money when many markets are trending together.)
But as you know, the markets are always changing. One moment it could be trending, the next, it could be ranging.
In other words, you’ll make money when market conditions are favorable to you.
When it isn’t, your trading strategy will lose money—which explains why you won’t make money every day (as market conditions change).
Your goal this month should be to only take trades when market conditions are favorable to your strategy.
📷 analysis from yesterday.
Meanwhile, I am one of the speakers at the storytelling matriculation event hosted by Coach b Blessing Ododo Inoghie [Brand Consultant] you are invited. Check out the details in the comment section.
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