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Free Download Udemy - Forex Trading Psychology Book One (1)
Published 11/2024
Created by Ogie Godstime
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 17 Lectures ( 2h 1m ) | Size: 955 MB
Mastering Mindset, Emotions, and Attitude for Successful Trading, The Five Trading Psychology Rule
What you'll learn
The five (5) trading psychology rule that will change your trading story, short, simple and effective
Clearly identify the reason you chose trading
Learn how to accept your risk in trading (the cost of doing business)
How to put in the work of waiting and patience
How to be discipline and learn to walk away from the market
Learn to reward yourself
Requirements
For all traders and what ever trading level you are in, this course will guild you on the five (5) trading psychology rule that will change your trading story, short, simple and effective
Description
In this course "Forex Trading Psychology Book 1" traders are going to learn the following:The five (5) trading psychology rule that will change your trading story, short, simple and effectiveYou Can Be Profitable and FreeEach psychology rule is set up because of my experience in trading, starting as a beginner who works in the banking sector, to an intermediary trader who have had to use real life situations to trading, and then to where I am now, knowing that everyone is just a few reality away from being a profitable trader.Make sure you have made up your mind that if anyone can be profitable, it is you and that you deserve to be profitable and free as a forex trader.You are the best trader there is, and profitability starts with a mindset and not luck, you must be intentional about your trades as you are with picking what to eat on the menu in a restaurant, its as simple and easy as that.1. Know their reason why they chose tradingYou must be able to answer to the reason you want to trade at the first place, like why not something else, you have like a million thing you could be doing aside forex trade, but you picked trading instead.Why did you really start to trade in the first place?What attracted you to forex trading?Answer the question to yourself truthfullyStick your reason where you can always see it before any trade, it can be multiple placesRead it to yourself every day when you wake up and before you go to sleep2. Learn to accept riskWhat is your risk and pain tolerance?Create a daily, weekly and monthly stop out levels just like the prop firm condition its traders.Create that minimum loss and maximum loss level, trade as if you are trading in a firm and if you mess up, you'll be fired, and you can't exceed it.One thing most traders run from is responsibility, not just any responsibility but the one-off accepting the risk that comes with their trading decisions.You must accept the fact that no trade is 100% sure and you can be wrong as you are not the only one at the market, where you see a buy, another may see a sell and its okay to be wrong.Make sure your risk level can afford you to be wrong multiple times, and one right trade can give back all loss.3. How patience and waiting makes you a better trader and help's you conserve your capitalWaiting is not a waste of time, as a matter of facts, it is a productive way to use your time.While you wait, you can do whatever with your time, you can learn something new, make the most of it, so that you don't see it as a waste of a productive time.At first, it's hard and almost impossible to wait and be patience with the market, but the result is profitability.Waiting helps you reduce your losses even before you start trading, all those many try, and errors are cut off daily and your strategy begin to make more sense.4. How to be discipline and learn to walk away from the marketThe secrete to surviving and staying profitable for a long time on the trading market is knowing when to walk away from your chart.Once you have taken that your trade and you made profit and the chart has changed pattern, or you hit your target of the day already don't try to push it, close for the day and if you're fortunate to make your weekly target in one trade wait and take the rest of the day off, close your trading app or website.It's better to spend that more shopping for what you don't want than losing it again to the market, trust me its more painful to give it all back to the market5. Every time you make good profit, you should learn to reward yourself, this takes the pressure offMake sure to always pay yourself first from every time you're having a profitable time.The money in your trading account is not really yours until you withdraw it to your bank account where you can actually spend it.Every time you see the profit made from a particular trading period withdrew to your account it is so relaxing and takes the pressure of, and it always makes you see the possibility and growth in your trading journey.You can be profitableJust follow those simple five rules and thank me later.
Who this course is for
Forex and cryptocurrency traders
Finance and investment personnel
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