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Today, in this post, I'm going to share some pro tips for new traders.
Are you consistently losing money in trading?
Do your trades always go against your expectations?
Are you fed up with losses and want to quit trading?
Wait!!!
First of all, you need to understand that trading is not a science, but an art. In science, the defined rules are constant, but art involves combining countless techniques to invent new ones. So, if you approach trading like a science, applying certain indicators to every trade in hopes of making a profit, you're bound to fail.
Remember, the market doesn't move based on indicators and lines you have drawn on the charts. Instead, these indicators merely tell us what has happened in the market in the past. They can't predict the future. For that, you need to delve into market depth. You need to understand why the value of a currency or asset increases or decreases.
If you can successfully identify this, then in the next step, try to determine which asset or currency's value is likely to increase or decrease in the near future. Once you have that knowledge, then if you draw some lines and use indicators on the chart, there's a 90% chance the market will move according to your drawing.
This is what we call it market's depth knowledge and market fundamentals.
Follow me to learn more, as I'll be sharing complete information on this topic soon.
