Forex Trading Quotes

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.

Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.

The expectation that you bring with you in trading is often the greatest obstacle you will encounter.

The mind is a fascinating instrument that can make or break you.

In order to succeed, you first have to be willing to experience failure.

In trading Bitcoin and other commodities, everyone wants 1000% in a week, but can't handle 20% drop in a week. That's the beginning of witchcraft.

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.

When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.

A quiet mind is able to hear intuition over fear.

Don't make friends with trend, make friends with each candlestick

Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.

Losses are necessary, as long as they are associated with a technique to help you learn from them

Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.

You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.

The process by which one accumulates money is so simple, yet so hard to implement for most.

Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.

Everybody is a long-term investor till the market drops by 10% or more.

Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.

Money matters, but not as much as you probably think.

You have power over how you'll respond to uncertainty.

Trading mastery is a state of complete acceptance of probability, not a state of fight it.

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.

Trading effectively is about assessing probabilities, not certainties.

Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.

Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.

Events, circumstances, and experiences arise and pass away. Winning trades, losing trades, fear, greed, sadness, happiness, and eventually your own life. Everything is in a constant flux. Learn to go through it with stability of mind. A meditation practice helps a lot.

Note: Some strategies that will be mentioned here are a bit advanced. However, just knowing them can help you form the basis of your research in making money through forex trading. *The Daily Fibonacci Pivot Strategy *Overlapping Fibonacci trade *The Forex Dual Stochastic trade *The Blade Runner Trading *Pop ‘n’ Stop trades *The blade runner reversal *Relative Strength Index Strategy (RS *The Williams Percent Range Indicator Strategy (Williams %R) *The Moving Average Convergence Divergence Strategy (MACD) *The Turtle Trading Strategy *The Crossover of Moving Averages Strategy *The Moving Averages Strategy

It's important to know what you want to accomplish with your investments before you actually invest.

In trading, you can't stop loss from happening but you can avoid big loss by using stop loss in your trades.

Short-term trading is very time-consuming. That is why even “successful” short-term traders can easily have negative real ROI.

Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.

Freedom from blind reactivity begins with self-awareness.

All statistics have outliers. Money management, therefore, is key to the process of good trading.

The Art of Time is NOT Wasting It!

It’s easy to have faith in yourself and have discipline when you’re a winner, when you’re number one. What you got to have is faith and discipline when you’re not a winner.” —Vince Lombardi, Pro Football Hall of Fame

How is forex traded? The main idea of forex is that you’re buying one currency and at the same time, selling another. Currencies are normally quoted in pairs, like EUR/USD or USD/SGD. The exchange rate represents the purchase price between the two currencies. In EUR/USD ratio, This represents the number of US Dollars in every Euro you have. If you think the Euro will increase in value against the US Dollar from the last exchange rate, you buy Euros with US Dollars and you cash in profit from that.

The euro fell to as low as $1.18605, its weakest level since March 2006, having fallen below an important support at $1.20. The common currency last traded at $1.1926, down 0.6 percent from late U.S. trade on Friday. In an interview with German financial daily Handelsblatt published on Friday, ECB President Mario Draghi said the risk of the central bank not fulfilling its mandate of preserving price stability was higher now than half a year ago. "The market took his comments to mean that he is ready to adopt quantitative easing," said Shin Kadota, chief forex strategist at Barclays in Tokyo.

No importa si la acción sube o baja; Mientras se mueva, existe la posibilidad de hacer trading.

Types of Forex Strategy Traders Figuring out how to exchange isn't simple particularly with regards to the unfamiliar trade market. You will presumably need to learn it through a Forex exchanging framework. A few people believe that dealers are jack of all methodologies of exchanging yet that is not how things work. The way to fruitful exchanging is to turn into the expert of a couple of exchanging techniques. These couple of exchanging methodologies can take you far. Forex procedure dealer frameworks are broadly utilized by various individuals since they give you structure, a bunch of rules and an arrangement to follow as well. There are sure techniques that are at present utilized in the Forex market and they can even cause you to pick what Forex system broker would be best for you to make due in this market. Indicator Driving Trading Systems These exchanging bargains are planned by the individuals who look at that as a specific set up is working at the present time, yet utilizing this framework calls for wary managing. That is on the grounds that it simply works for the current second. This Forex exchanging framework can't give you uphold for quite a while. The framework utilizes pointers for producing an exchanging signal against the value activity. The pointers consistently slack and subsequently, they will in general give late just as false signals. They are not forward-thinking regardless. Something to be thankful for about this exchanging bargain is that it takes a gander at the graphs and numerous beginner merchants think that it’s valuable and enticing. They think of it as' not difficult to utilize and comprehend. Harmonic trading system The Harmonic trading system framework perceives value designs with the Fibonacci augmentations just as following data and afterward it figures the defining moments in the business sectors. It is an intricate type of exchanging which will call for significant practice. On the off chance that you ace it by training, at that point you will discover it among outstanding amongst other exchanging frameworks as it can offer more significant yields against the danger. You can utilize it for exchanging any sort of market. Technical Trading Systems These are perhaps the most ordinarily utilized exchanging bargains that are basic among Forex merchants. They incorporate climbing triangles, banner examples, shoulder examples, heads and various different examples to allow you to exchange the business sectors. These exchanging frameworks are truly useful and you utilize monetary information from earlier years to anticipate the market patterns and take an action. The Forex technique broker or the Forex exchanging frameworks empower you to ensure that you don't lose while you exchange from the solace of your own home. In any case, be certain that Forex exchanging frameworks are not lucrative aides. You actually need to utilize your own insight in exchanging and assemble loads of exchanging data request to put your cash in the perfect spot. Exchanging isn't some tea. On the off chance that you think by utilizing the exchanging gives you can guarantee making enormous amounts of cash, at that point you are incorrect. You should utilize your experience and viable information to guarantee that the Forex procedure broker you use demonstrates to control you in productive exchanging.

You can now create the user interface of your trading system. Determine which parameters you want to change in real time, and which ones only at start of the system.

This approach to trading, known as swing trading, holds significant significance within the realm of trading. But what prompts its importance?

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In Trading, Every Setback is a Setup for a Comeback.

Frank Sinatra’s song “My Way

Entering trades is like a real battle – if you want to win it, you need to be ready and prepare for it. Markets are unpredictable, and you can’t predict every possible scenario, but what you can control is yourself.

In a volatile market, high leverage trading can be a double-edged sword. If you’re not an experienced trader, it is best to avoid taking large leverage positions. Protect your capital—start small, learn, and scale wisely.

You have 30 to 50 times better chances of creating a successful business than at succeeding as a short-term trader.

Trading the markets is a totally self-centered activity. Nobody’s life gets better because you trade. Except your broker’s life.

10/20/30 Rule in my book can level the playing field for a retail forex trader to trade alongside big banks and hedge funds.

There is a huge amount of freedom that is derived from not fighting the market.

You will never find fulfillment trading the markets if you don't learn to appreciate and be satisfied with what you already have.

โบรกเกอร์ Exness เป็นโบรกเกอร์ในตลาด Forex ที่รับความนิยมเป็นดันดับต้นๆของประเทศไทยและเป็นโบรกเกอร์ที่เข้ามาทำการตลาดในประเทศไทยเป็นโบรกเกอร์แรกๆ

Even Napoleon had his Watergate.” —Danny Ozark, Former Philadelphia Phillies Manager

Luck is a dividend of sweat. The more you sweat, the luckier you get.” —Ray Kroc, Founder, McDonald’s Corporation

He who controls the money supply of a nation controls the nation.

In the spot market this is very different, and here we are often trading against our broker, or they are trading against us!

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Track Your Favorite Instruments I have met so many traders whose trading journey ends up looking something like this: One month they’re trading stocks (“we’re in a bull market, man!”) When that didn’t work out, they jump to options (“strangles and spreads, that’s where it’s at, baby!”) When that didn’t work out, they jump to forex (“I just bought this forex robot, it does all the trading for me!”) When that inevitably didn’t work out, they jump onto Bitcoin (“it’s gonna replace money!”) When that didn’t work out, they jump on social media (“I saw this ad on Facebook about trading binary options…”) By now, they have to go back to work, because they have blown up whatever trading capital they had left.

The best indicator is whether or not a green (red) candlestick following a red (green) candlestick which engulfs the candlestick to the left is the best indicator of a coming reversal.

Sometime in march 2022, I got my first and only course in forex trading, you must be wondering why first and only, first and only because God willing, I won’t have to get another anymore because I finally have my edge in my trading. This course I got was about smart money concepts, smart money concept changed the way I viewed forex, it somehow groomed me to know the times I trade, not sessions, but timings, it showed me hidden things in the market and I was stunned to realize such things actually work.

To make a career out of crypto or forex trading, you'll need to have a decent amount of trading capital and a solid trading system. Your trading calls can't be wrong when these factors have been sorted out.

It is a "known fact" that 95% of all private traders lose all their money in the first 12 months. Not true - at least not with completely random trading and one trade per day. You can see from the profit distribution that only about 55% lose money at all (the sum of the red bars with negative profit), while 45% end their trading period with a profit. Of course, they won't attribute their success to the bell curve, but to their trading skills.

The profit distribution of real traders is not a Gaussian, but a Lévy distribution. It has a smaller peak and fatter tails. That means the losers lose more, and the winners take more than in a random-trading situation.

When analyzing robot strategies, one can notice such a martingale system from telltale peaks in the lot size. For this reason, robots or signal providers often increase not the number of lots, but the number of trades, which is less suspicious.

An advise call generates trade rules in C code; Detrend = SHUFFLE tests a strategy with a random price curve; NumTotalCycles can generate statistics from multiple simulation runs; plotHistogram plots histograms.

It is also usual to trade not only single options, but combinations (combos) of different options types. Thus there are innumerable possibilities for options strategies.

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