Is it getting the perfect technical setup? Is it trading the right timeframes? The best currency pair?
Everyone seems to have an opinion on the best way to trade, but there's one thing that I've noticed that is present in every successful trader I've met. As cliche as it sounds, having a winning mindset is commonplace in every successful trader I know.
Winning traders are open minded. They're usually very friendly and approachable, and they have an apparent readiness to learn. Possibly the most noticeable trait of a successful trader is that they are willing to admit when they're wrong, and they are extremely comfortable in their own skin.
Every trader's journey is unique, but successful trading doesn't start on the charts in my opinion. It starts with mastering your self, and the internal conflicts we all face. This involves working out our insecurities and starting to deeply understand our own strengths and weaknesses. A successful trading journey is built upon a successful mindset journey.
On the contrary, the unsuccessful traders are attracted to the easy answers, are not willing to put in the effort required, and have a hard time admitting fault.
In my own journey I always thought that my battle was with the market. Countless of hours and lessons learned later, I realize all along that the real battle was with myself.
9/27/2021 Election results in Germany has German equities mostly flat on the day as investors are watching the Social Democratic Party take the lead in the polls. In Washington D.C., legislation is toiling to raise the US's debt limit, pass Biden's agenda and avoid a government shutdown from defaulting on federal aid with hundreds of […]
Hey everybody, this is a breakdown of some of the macro trends around Gold and some of the pressures it is facing from inflation and the Fed's potential rate hikes. Overview As of 09/26/2021, the Gold Continuous Contract is down -0.75% this week, and -3.79% for the month. Gold is currently caught in a limbo […]
Hey everyone! Welcome to this week's forex forecast for the week ending October 1st, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDJPY, GBPUSD, GBPNZD & XAUUSD. USD/JPY Price closed off for the week just above the resistance at 110.6 in this range bound market. Look out for how price […]