3 Common Psychological TRADING Mistakes

3 Common Psychological TRADING Mistakes

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A large part of successful trading comes from mastering your mind and your thoughts. Sadly, many traders are making psychological mistakes and don’t even realize it.

Let’s talk about the 3 most common psychological mistakes traders make… We’ll also include some suggestions for you if you are struggling with any of these.


Adam Thomas

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Was trading gbpusd with breakout trading. Gbp/usd is a currency pair where you can do a breakout trade once in a while. I do breakout trading in forex once in a while because it is pretty straight forward.

I’ve made a lot of forex trading mistakes and day trading mistakes in my career and I learn from them everytime no matter how many stupid trade I’ve made.

Breakout trading is a strategy that you can use for trading gbpusd. Breakout trades can also be used for other currency pairs in forex trading.

I’m not so much of a breakout trader because I also use other strategies in forex. If you want to learn trading then you should consider gbp/usd or the pound dollar for a breakout trade.

I want to share with you not only the outcome of my breakout trade in gbp usd but also how I deal with my stupid trades and tell you ways of dealing with trading losses.

When you are dealing with trading losses or making stupid trades which you wished you did not make, it’s hard to overcome it but it’s possible.

I have many other gbp usd strategy or gbp usd trading strategy but they aren’t breakout trades. Breakout trading for pound dollar (gbp/usd) is profitable if you combine it with the right technical analysis system.

You can use many trading strategy for gbp usd but breakout trading is just one of them. Only once in a while will I perform a breakout trade. Then again, no matter the strategy or technical analysis, there will be trading losses and you will need to deal with trading losses.

Hope that you like today’s trader vlog of me making stupid trades trading gbpusd and sharing with you ways of dealing with my forex trading mistakes.

Singapore youtuber profile:

Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.

This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.

It’s also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.

Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.

She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.

Email: karen@karen-foo.com
Website: http://www.karen-foo.com
Facebook: https://www.facebook.com/KarenFooSpeaker
Instagram: https://www.instagram.com/imkarenfoo/

Music credit:

Unison – Translucent [NCS Release]
• https://soundcloud.com/unisonn
• https://www.facebook.com/Unison-57433…
• https://twitter.com/ItsUnison

The Wanted- Glad You Came
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The Biggest Forex Trading Mistakes

The Biggest Forex Trading Mistakes

http://theforextradingcoach.com – In this week’s video of the Forex Trading Coach, I talk through some of the Top Ten Trading Mistakes found in my new eBook.

In this video:
00:31 Chapter 14 of my new eBook – The Top 10 Forex Trading Mistakes
02:44 How to trade a demo account
05:39 The main four big gainers for the week

Forex Trading Mistakes to Avoid – Michael Boutros | FXCM Expo 2011

Forex Trading Mistakes to Avoid – Michael Boutros | FXCM Expo 2011

What is the Number One Mistake Forex Traders Make?

Trading Mistakes: How to Avoid Them

Avoid the most common trading mistakes made by advanced and beginner traders alike. This video outlines:

• Common trading mistakes
• Best practices to avoid trading mistakes
• How to eliminate distractions to focus on analysis

Learn Forex: Biggest Mistakes Traders Make (Video)

What constitutes a trading mistake?
If you focus on the rules of your trading system, the only mistake you can make in the markets is to break those rules. Whether the rules are simple or complex, when you stick to your trading rules it can help create your edge in a market where no one knows exactly what the closing price will be for the day.

Few things can be as frustrating as trying to rest your success or failure solely on an outcome that you cannot control. Your behavior is something you can control, so that is where you should limit the responsibility.

If you’re trading without rules, every trade is a mistake or a deliberate action littered with mistakes. If you find yourself in a profitable trade, you’ll have a hard time repeating the success because you won’t have the rules to follow the next time a similar set up appears.

Market behavior is something you can take advantage of through technical or fundamental analysis — but you cannot control how markets move. Naturally, there are behaviors for you to follow that can and should make up a list of rules that will help minimize the pain felt should the market go against you. But ultimately, you should train yourself to only see failure as not following your established rules.

How to define a trading mistake so you keep improving;

What should go into your trading rules?
You need specific behavioral rules for different market patterns. The market environments that your rules should focus on are trending (up and / or down) and ranging markets.

Your ultimate goal is to have rules for every style of market you will face and trade. It is difficult and unnecessary to keep one set of rules for all market conditions because different markets require different rules.

What Are the Traits of Successful Forex Traders?

Trading Mistakes to Avoid

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