education post

Educational Post📕

How To Succeed In Your Trading

1️⃣ Focus on one single trading strategy:

Any strategy is not going to have a 100% win rate, so first you should attempt at getting 50% of your trades right. After that mastering a 2:1 Reward to risk ratio is what will make you profitable.

2️⃣ Approach the market from a neutral position:

Emotions in trading can be one of your greatest enemies as it can lead you to failure even after your success. Those emotions will make you believe you are better than the markets, or that you can outsmart them, ultimately leading your successful trade to turn into a failure.

3️⃣ Risk management:

Yes, I know you have heard it and read it a thousand times already, but you have no idea how important risk management is until the day you master it and recognise it was the single greatest thing holding you back from success.