Wednesday, June 4, 2014

What is trading?


Trading is war. Trading is a war between buyers and sellers. In order to win the war (profit), as a trader, you must be able to determine who is winning or in control at any time. Trading is a combination of buying, holding, selling and waiting.

Holding is waiting while being long or short. It only takes a few seconds or minutes to buy/sell a currency. Most of your time trading is spent
WAITING.
Learn to WAIT for the opportunity to appear. Sometimes the wait is short, sometimes long.
LEARN TO WAIT. BE PATIENT.

If you miss your entry, learn to trust that you will get another chance. If you miss your exit, just take what you can and be happy.

To paraphrase the principles of
Sun Tzu: “What you do determines whether you lose. What the market does determines whether you profit.”

Master the simple. Stay focused. That's all you need to profit in the market.

MAY ALL YOUR TRADES BE PROFITABLE.

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