Fx masterrior

Fx masterrior

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10/03/2023

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10/03/2023

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TELEGRAM:https://t.me/fxmasterrior887
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✅Perfect, Accurate Signals
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✅Best Accuracy in the market
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‼️ 𝐉𝐨𝐢𝐧 𝐦𝐚𝐬𝐭𝐞𝐫𝐫𝐢𝐨𝐫 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦 ‼️
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10/03/2023

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09/03/2023

Think about it, we are human and its only right to feel such emotions that keep us waiting more, but in such a tough and volatile market like Forex, believe me when I tell u that any emotions at play in Forex(even 1%) can ruin ur trades and ur trading experience.
Emotions is such a strong factor in Forex.
I always tell people this,

Forex is 90% emotions, 5% money, 4% analysis, 1% news, 0% luck

At this point of time, u are probably thinking 'oh its just a lession about emotions, what else is there to teach

But let me tell u just how important getting ride of emotions in Forex can b. 'Emotions' consists of many factors, such as:-
1) money management
2)Doubts
3)Revenge trading

I trust u guys have heard the phrase '95% of traders fail' 5% succeed' and there's a reason why 95% fail.

-lack of a trading plan
-lack of a proper money management
-can't handle emotions

09/03/2023

THE BIGGEST REASONS THAT CAUSE YOU LOSE MONEY IN FOREX

1. TRADING WITHOUT A STRATEGY(PLAN)
Trading without a proven stratgey or proper education is a like a su***de. Never ever go real without having a proven stratgey. Get proper education to make proper money from forex.

2.YOUR EMOTIONS
Your emotions are one of the biggest reason of your losses in forex. Your are in deep emtions while some of your trades in going negative & the reason is you are investing the money that you cannot afford to lose.Try to control your emotions otherwise your enemies(brokers) will use them against you.(NO EMOTIONS AT ALL)

3.REVENGE TRADING
If you are facing some losses, just forget them, take a break & come back with more practice & knowledge. Never ever try to revenge the market. Market has no heart so it does not matter your losses & you should learn to react in the same way.

4.OVER SIZING
Spend the money that you have in your pocket, you cannot buy a thing which is costing 150$ and you have only 100$ in your pocket. So you cannot make 1000$ witt 100$. Be logical. Learn a proper strategy that can help you to make consistent money in forex.

5. NO PAIN NO GAIN
You want to make constant living from forex, you need to work hard. Forex is not easy money. If You win some trade done by you randomly, becareful! This can very dangerous for you. You will have to pay the price today so you can pay any price tomorrow.

09/03/2023

Today I'm going to talk about the 'myths' of Forex.

First, let me start of with the term 'investment' in Forex. It always irritates me (slightly) when people refer to Forex as an investment. And it irritates me more when they complain that they cant get a profit out of their investment. People, let me tell u this now. Forex is NOT an investment. Let me explain.

In order for something to be an INVESTMENT, it has to meet a few criterias in my opinion -

1) it has to be profitable mostly
2) maximize safe profits
3) little risk, little sentiment

There are a few investment opportunities that meet those criterias, such as your typical ETF, IPO and hell, even the investments in your local bank.

Now, does Forex meet those 3 criterias? NO-

1) it has to be profitable mostly= EVERYONE knows 95% of forex traders fail
2) maximize safe profits= no brainer, there's only safe profits in Forex if you practice safe and proper Risk management and MM
3) Little risk, little sentiment = I think we can all agree that Forex contradicts those 4 words.

Forex is NOT an investment, its also NOT gambling. IMO, Forex is all about SPECULATION.

People have to understand these points -

Investment = Majorly safe
Gambling = knowing the odds are stacked against you and taking a risk

SPECULATION = (taken from wiki) speculation is the practice of engaging in risky financial transactions in an attempt to profit from short term fluctuations in the market value of a tradable financial instrument

You SPECULATE the markets ANALYZING, PRACTICING PROPER MM, BEING KNOWLEDGEABLE, TAKING SMART AND CALCULATED RISKS.

You wanna know why 95% of Forex traders fail? Because (aside from emotions and lack of a proper plan) they are viewing Forex as a foolproof investment.

'Forex is so simple, it can either be an uptrend or downtrend, all i hvae to do is be a little bit knowledgeable and ill be able to predict the markets, that brings it from 50-50 to 70-30' Well, good luck to you if that's your mindset.

Now, myth 2, in order to consistently profit from Forex, you MUST have a profit goal.

I'm sure you guys have seen pictures and plans of people starting out with a 'plan' of maybe $100 capital, and they'll include their daily profit expected goal, how much it accounts to weekly and monthly, etc and how their lot sizes grow based on their ever growing capital.

Let me tell you personally from my own experience.
IT. DOES. NOT. WORK.

Even if one is to plan a profit goal safely (lets say hoping to profit 5 dollars everyday with 200 capital), this whole concept is based on the subconscious idea of NOT HAVING A LOSING TRADE. That's why a profit goal will not work.

There are good days, there are bad days. What a profit goal makes you do is hit the daily quota/goal and stop for the day. It doesn't take into account that there are days where you lose trades. What happens if u close a losing trade and u still need to hit your quota ? Revenge trading. What happens when u revenge trade? Your emotions amplify, you get nervous when it goes to loss and u lose even more $. A profit plan is so dangerous because it forces you to hit your weekly/monthly goals. and if its not close, you open larger lot size and risk bigger losses.

For me, I'm happy as long as i see my capital grow weekly or monthly.

09/03/2023
10/10/2021

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