Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

analyst75

Unlock Your Potential with the Realities of Trading

Recommended Posts

Do you want to be a successful trader? Then you need to unlock your potential and develop the right habits and routines.

 

Experience shows that people want to keep doing what they are doing, while expecting different results. In trading, that means they carry on trading in a certain way even when it brings poor results. Making a career out of trading means you have to identify what doesn’t work for you, and stop doing it. But that’s not easy – nobody likes being told they are wrong.

 

Your mind is the biggest obstacle that you need to overcome. It prevents you from following trading plans and deceives you into disobeying winning rules because of a transitory setback, thus missing great opportunities to make decent profits.

 

You can only unlock your trading potential through the realities of trading.

 

This book explains the traps that your mind can fall into and the methods you should use to avoid them. The author talks about how to use trading strategies, how to stay disciplined, and the right attitude to take whether you win or lose a trade. He covers trading situations from the past, such as the Greek debt crisis and the Swiss franc/euro upheaval in 2015, and explains how he traded those opportunities. He also talks about position sizes, the right time to trade and what you need to know about drawdowns.

 

Throughout the book, the author pinpoints ways in which bad habits can sabotage your trades, and how to prevent this happening and unlock your potential to become a great trader.

 

Trading realities: http://www.advfnbooks.com/books/unlockpotential/index.html  

  

www.tallinex.com wants you to be a successful trader

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • Weekly Trading Forecasts for Major Pairs (July 23 - 27, 2018)          Here’s the market outlook for the week:   EURUSD Dominant bias: Neutral   Price made a bullish attempt on Monday, but started coming down afterwards. The support line at 1.1600 was tested and price bounced off it, closing above another support line at 1.1700. The market is neutral, and that status will continue as long as price oscillates between the support line at 1.1550 and the resistance line at 1.1800. However, the neutrality in the market will soon end, and ensuing movement could most probably favor bulls. This means a break above the resistance line at 1.1800 is possible before the end of the week.   USDCHF Dominant bias: Neutral This pair also went downwards at the beginning of last week, and then rallied around the middle of the week, only to come downward again at the end of the week. Price closed below the resistance level at 0.9950, threatening to go further downwards. The bias on the market is eventually neutral, and it would remain so until the support level at 0.9850 is breached to the downside. The most probable direction is southwards.   GBPUSD Dominant bias: Bearish GBPUSD is a weak trading instrument. Since April 14, price has been going downwards. Price moved briefly below the accumulation territory at 1.3000, and then rallied by 170 pips, almost reaching the distribution territory at 1.3150. The bias remains essentially bearish (but perpetual bullish effort could threaten the bearish bias). There are additional distribution territories 1.3200, 1.3250 and 1.3300.   USDJPY Dominant bias: Bullish After testing the supply level at 113.00 several times, a bearish correction was started, which made the price close below the supply level at 111.50 on July 20 (a drop of 150 pips). The bias is bullish in the long-term, but going bearish in the short-term. Things will go completely bearish when price moves further downwards by another 200 pips, reaching the demand levels at 111.00, 110.50 and 110.00, and going further downwards.   EURJPY Dominant bias: Bullish   The market had been going upwards since June 28 until recently. The recent bias is bullish but there is a high possibility of price going bearish. Price has made a bearish U-turn, after almost reaching the supply zone at 132.00. It is expected that price will continue to go downwards this week, thereby rendering the recent bullish bias invalid and reaching the demand zones at 130.00, 129.50 and 129.00. Those demand zones may even be exceeded before the end of July.   GBPJPY Dominant bias: Bearish There is a Bearish Confirmation Pattern in the market, as a result of a drop of 300 pips last week. The drop has already generated a bearish signal in the market, brought about by the perceived weakness in GBP, and the strength in JPY. This week (even till the end of July), the outlook on JPY pairs is bearish, and that means GBPJPY also will experience further bearish movement, which would enable it to reach the demand zones at 145.50, 140.00 and 135.50.         This forecast is concluded with the quote below:   “A surprising insight for me in Jack Schwager’s Market Wizards was that most of the top traders he interviewed are 1-trick ponies: they do one thing — and they do it very well. Their success was built upon their ability to discover what others overlooked. I concluded that ‘doing one thing well’ would immediately simplify my trading life and could eventually evolve one thing into an important trading edge.” – VTI   Source: www.tallinex.com      
    • $EFII (EFII) Electronics For Imaging stock flat top breakout watch above 35.53,



      analysis https://stockconsultant.com/?EFII
       
    • Hi All, What trading platform do you prefer for US Equities? Pros and Cons? thanks! 
    • Very interesting question. Personally, I believe market swings in those sectors are influenced by other factors, not only the presidents' background or agenda. Having said that, it may be worth regressing the data for a firm conclusion. 
    • $AAP (AAP) Advance Auto Parts stock flat top breakout above 142.21, target 152.7, +7%,



      analysis https://stockconsultant.com/?AAP
       
×

Important Information

By using this site, you agree to our Terms of Use.