Trading is Lucrative but not CHEAP.

Trading is a very lucrative business with very little entry barriers. All you need to start this business is a smartphone/computer, stable Internet connection and an your initial trading capital.

However, just getting started with the components mentioned above is not a guarantee of success.

Trading has always been governed by three crucial factors that combine to give you 100% results. That is:

- Fundamental analysis 30%

- Technical analysis 20%

- Trading Psychology 50%

Most people focus their attention on fundamental and technical analysis with little or no room to develop their psychology (mentality) to achieve positive results. It is good to master candles stick patterns and technical indicators but without the right psychology, frustration will be your emblem.

For instance, two people can trade a particular asset with the same trading system and get entirely different results. This is because trading is a psychological game and only those with the right mentality can achieve consistent profits.

Most people know the right things to do but struggle with it execution because they lack the mental discipline to execute at the right time. They sell when they expected to hold and hold when they are to sell.

Here is a quick fix:

- Trade with an amount of money that is within your emotional threshold and gradually scale up.

- Have a well defined entry and exit rules. For example: buy when you see a bullish candle close after pin bar at support zone with a stop-loss below the support etc.

- Be patient and discipline because everything worthwhile takes time.

- Accept losses as part of the trading business.

- Take a break if necessary to reevaluate and improve your system.

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