Then instead of open a trading account and trade it right away like most beginner traders do , start reading trading books related to trading psychology, these books put you in a better position to face any adverse condition you will face in the market.

The Buddha started his first teaching by asking his listeners to choose the Middle Way, the middle way between intense asceticism on the one side and sensual indulgence on the other. This exhortation to moderation underlies a great deal of Buddhist philosophy over the ages.

The time of the Buddha was a time of great religious upheaval and experimentation. Roaming renunciates of diverse religions, finding divine fulfilment and liberation from the misery of life, became a familiar sight of the Gangetic Plain. Before he was known as the Buddha or Awakened One, he was Siddhartha Gautama, a prosperous nobleman living a life of luxury.

Later, however, he fled his family, disavowed the lifestyle, and adopted the other extreme, becoming an ascetic practising mortifying austerity. It is said that he survived a few grains of rice a day. At the end of the day, the Buddha understood that both indulgence and deprivation were similarly futile, even counterproductive to his objective of awakening.

Legend states that the day before his enlightenment, this moment of consciousness happened. Close to death, the Buddha abandoned his austere principles and ascetic principles, and soon after he met a young woman called Sujata, who gave him a meal of rice and milk to restore his energy. For example, whenever the Buddha was asked whether or not the self exists, he stayed silent.

Afterwards, he talked to the student that if he had replied yes, he would have supported the idea of externalism; if he had answered no, he would have promoted annihilationism or nihilism. In the middle, in his silence, was the middle path. Traders always get excited after having one or two profitable trades. And, on the other hand, after one or two trades have been lost, the majority of traders are worrying and have begun to overthink that particular trade — this results in revenge trading and over-trading, which eventually leads to bigger and needless drawdowns.

If we remain in the Middle Path and treat all winners and losers the same, neither of these emotional issues will arise, and, simply following the middle path allows us to detach ourselves from the single outcome of a trade which helps us to concentrate on the overall trading process. It is important to set a goal in our lives, whether it is business-related, health-related or trading-related. Goals provide guidance, something that aims while trading on the forex market and offers a sense of achievement every time a target is achieved.

While managing your downside, it also important to maintain favourable risk-reward ratio for each trade, that way you can easily overcome from drawdown and also help you have small drawdown.

Not daily, Weekly or Monthly profit target. That is far more beyond the realistic Expectation. Therefore set annual profit goals.

One of the main benefits of setting an annual trading goal is that time is on your side. Because of that, you do not need to rush things out to achieve your trading goals.

The time is in our favour. Becoming a consistently profitable trader is not about discovering the most exciting and fastest trading system out there. Becoming comfortable with boredom while also being able to maintain the focus on it is perhaps the toughest part of all this. Here is an article about from forex4noobs on Dealing with Boredom in Forex. In forex trading, the market typically cycles through four phases. As traders, particularly as reversal traders, it is important to understand what these four stages mean to us.

Since these 4 stages warn you that the market conditions will change-allowing you to plan your trading decisions in advance. Related — Reversal Trading: The Definitive Guide. There are lots of sides you need a master in orders achieves trading success.

There is no doubt about it, lots of traders have unrealistic expectations, that is why failure rate of so high in trading. Therefore when you ready to trade in the live market, you must set realistic expectations in the right way and throw away all the unrealistic expectations which are beyond your ability to achieve as a trader.

Not only these type of goals are realistic, but also gives you more breathing room to achieve. Not much, right? Have look at the compound interest calculator below. We use money chimp compound interest calculator here. See, this is where the magic happened? See that is why setting realistic expectation is such an important in trading.

I think you got the idea here. Related Reading: How to Find More Balance in Your Life as a Trader — 10 Simple Ways. Also, price action is the key predictor of all else. If you use some other indicators, such as stochastic, EMAs and RSI, note that they all follow the price action and not the other way around. Unfortunately, though, a lot of beginner forex traders are working on complicated trading strategies or systems with a belief in complexity that is going to rock the market and ended up not having the results they expected.

But successful forex traders know that simplicity is much more effective than complexity, particularly when it comes to trading on the forex market, and almost every successful trader that is consistent on the forex market uses at least some kind of price action strategies to improve their trading efficiency.

Since the price action reflects the actions of other market players Bank, Hedge Fund and retail traders and thus filters out the whipsaw price movements in lower timeframes, and allows you to make straightforward, objective and efficient trading decisions.

Related — Forex Price Action Trading Strategy — Price Action Entry Technique With Trade Example. Have you learned any new trading secrets or strategy to upgrade your trading career to the next level? Thank you for your comment; I sent you an email with an Excel Trading Journal attached. Please check your inbox. The truth is not very attractive. But reality helps us to reach our destination. Thanks Dude. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

We Are… Trade Revenue Pro. We specialize in reverse trading. More Over Our Trading Technique Enable Everyone, Even Novice Forex Traders to Recognize and Ride the Trend Reversals with Higher Risk to Reward Ratio. Trade Article.

This is what everyone is looking for…👇 THE SECRET TO FOREX TRADING, Right? Well, this is a common thing among beginner traders. The First Forex Trading Secret is there is NO Such a Things Called Trading Secrets. Are you guilty of this? But how? There is No Secret to Success. It is the Result of Preparation, Hard work, and Learning from Failure. In reality strategy is actually very straightforward. You pick a general direction and implement like hell.

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached… always keeping your eyes on the long-term picture. Trading effectively is about assessing probabilities, not certainties.

When you genuinely accept the risks, you will be at peace with any outcome. Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness… Paradoxically and as an unintended consequence your trading performance will improve significantly.

Even a poor trading system could make money with good money management. Take the Control of Your Trading, Not the Market. The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money. The Middle Path is the way to wisdom. A man without a goal is like a ship without a rudder. Good investing is boring. The Market Speak its own language, That language is Price Action.

Thanks for this. Could you please help me creating a trading journal. Leave a Reply Cancel reply Your email address will not be published. About Us. Recent Posts. Buying Bitcoins Without KYS — Is It Possible? Read More ». pionex bot trading Read More ». Intraday Reversal Trading Strategy — How to Catch Big Reversals Read More ».

Recent Trade Ideas. Why Do Most Day Traders Fail? A Calm and Profitable End to the First Month of Read More ». What a Way to Start , UP A Place for Proven Trading Strategy and Trading Education. Get Started. FXST3 CCI indicator 14,4. Trading Rules: The Secret Trend Trading System. but, to confirm the entry long at least two of the following conditions must be met. FXST3 CCI indicator has green bars;. CM indicator has green bars;. The Secret Trend indicator has dots dodger blue.

After the conditions are met, we proceed to trade buy when the price retraces the pink line. but, to confirm the entry short at least two of the following conditions must be met. FXST3 CCI indicator has red bars;. CM indicator has red bars;. The Secret Trend indicator has dots red.

After the conditions are met, we proceed to trade sell when the price retraces the pink line. Exit poisition options:. When SFX MLC change direction;. Whit predetermine profit Target that depends by time frame and currency pairs. In the pictures below The Secret Trend Trading System in action. Share your opinion, can help everyone to understand The Secret Trend Trading System. Write a comment.

ramy Wednesday, 01 June reanimator1a Thursday, 03 August This solution is really great! I wonder why there are not more positive quotes. Best system on this page and probably best over all!

Thanks a lot. Marc Monday, 17 December I agree with reanimator. It's one of the best online hands down. It's simple and to the point. Baby Thursday, 20 February Found this system 2 days ago, testing it is such a breeze and the results are extremely promising definitely is the best system I'VE come across. GERALD Friday, 06 March

This is an swing trend following strategy based on retracement trading method. Time Frame 4H or daily rime frame. Metatrader Indicators:. SFX MLC 5,6,2,0, ;. The Secret Trend indicator ;.

FXST3 CCI indicator 14,4. Trading Rules: The Secret Trend Trading System. but, to confirm the entry long at least two of the following conditions must be met. FXST3 CCI indicator has green bars;. CM indicator has green bars;.

The Secret Trend indicator has dots dodger blue. After the conditions are met, we proceed to trade buy when the price retraces the pink line. but, to confirm the entry short at least two of the following conditions must be met.

FXST3 CCI indicator has red bars;. CM indicator has red bars;. The Secret Trend indicator has dots red. After the conditions are met, we proceed to trade sell when the price retraces the pink line. Exit poisition options:. When SFX MLC change direction;. Whit predetermine profit Target that depends by time frame and currency pairs. In the pictures below The Secret Trend Trading System in action. Share your opinion, can help everyone to understand The Secret Trend Trading System.

Write a comment. ramy Wednesday, 01 June reanimator1a Thursday, 03 August This solution is really great! I wonder why there are not more positive quotes.

Best system on this page and probably best over all! Thanks a lot. Marc Monday, 17 December I agree with reanimator. It's one of the best online hands down. It's simple and to the point. Baby Thursday, 20 February Found this system 2 days ago, testing it is such a breeze and the results are extremely promising definitely is the best system I'VE come across. GERALD Friday, 06 March Indranil Roy Sunday, 31 May hello the indicators are not able to drag and plot into the chart.

can you have updated version which can be ploted into mt4. Super Trader Wednesday, 17 June PRO Monday, 21 September Forex MTF Indicator. EWB's Complete Trading System. Trading with slope indicator. Blue-Red Forex Strategy.

MT4 Prosuite package templates. Marsi Trading system. Trading with Ribbon Trader. The secret trend trading system. Starlight Forex System. txt Site map. Swing Trend Following Forex Strategy. Metatrader Indicators: SFX MLC 5,6,2,0, ; CM; The Secret Trend indicator ; FXST3 CCI indicator 14,4. FXST3 CCI indicator has green bars; CM indicator has green bars; The Secret Trend indicator has dots dodger blue.

FXST3 CCI indicator has red bars; CM indicator has red bars; The Secret Trend indicator has dots red. Exit poisition options: When SFX MLC change direction; Whit predetermine profit Target that depends by time frame and currency pairs. The secret trend trading system: Template and indicators. Write a comment Comments: 8. Forex Trading System. compressed file archive Forex MTF Indicator EWB's Complete Trading System Trading system metatrader 4 IV Trading system metatrader 4 III Trading system metatrader 4 II Trading system metatrader 4 I Trading with slope indicator Blue-Red Forex Strategy Stix Indicator Metatrder indicators MT4 Prosuite package templates Marsi Trading system Trading with Ribbon Trader The secret trend trading system Starlight Forex System.

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Trading with slope indicator. Overcoming your inability to trade the same plan every time you initiate a trade is what stands between you and becoming a successful trader. compressed file archive The right mindset is one of the primary trading secrets. Related Reading: How to Find More Balance in Your Life as a Trader — 10 Simple Ways. What a Way to Start , UP A highly leveraged position can work against the trader when the trade does not work as expected.

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