![]() Hope that your ‘magic system’ starts today. You will test out automated systems, you’ll play with moving averages, Fibonacci lines, support & resistance, pivots, fractals, divergences, DMI, ADX, and a hundred other things all in the vein Every time you come upon a new indicator you’ll be ecstatic that this is the one that will make all the difference. ![]() During this time you will be a system nomad – you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. You now set about buying trading systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail. You consciously realize that you are an incompetent trader – you don’t have the skills or the insight to turn a regular profit. Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out. You are totally oblivious to your incompetence at trading. Sometimes you’ll get away with it but more often than not you will come away scathed and bruised. You try to turn around your losses by doubling up every time you trade. You may have initial success and that’s even worse because it tells your brain that this really is simple and you start to risk more money. When you enter a trade, it turns against you, so you reverse and it turns again, and again, and again. You take lots of trades and lots of risks. Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven’t got the first damn clue about what you’re trying to do. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down – what’s the big secret to that then – let’s get cracking! You know that it is a good way of making money because you’ve heard so many things about it and heard of so many millionaires. This is the first step you take when starting to look into trading. If you think you’re going to prefer trading cryptocurrency then take a look at this review to find a software that will help you improve your trading.ĥ steps to becoming a pro-trader is a true and brilliant depiction of the path to trading expertise. ![]() This could relate to trading stocks, shares, FOREX, or cryptocurrency – it just depends on what you’re most familiar with and understand more. ![]() So for today’s post, I’ve decided to share some of the steps to becoming a profitable trader. I’m traveling at the moment and didn’t have much time to write a blog post. ![]()
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