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A winning trader has the mental skills to realize, understand and utilize the FACT that any particular trade he or she takes has basically a random outcome. That is to say, they cannot possibly know the outcome of that trade until it is over. The winning trader knows this and they also know that they must trade in line with this belief over a large series of trades and ignore all the temptations and feelings that get kicked up on each trade they take. They are able to do this because they keep their eyes on the bigger picture. That bigger picture is the fact that IF they execute their method flawlessly, over and over, over a long enough period of time / series of trades, they will come out profitable. Technical methods and patterns will give a trader the same advantage a casino has over any individual player. A casino has an “edge” for every game they offer. What a casino knows is that whilst any singular instance of someone playing their game might result in the player winning money or even hitting the “jack pot”, due to the edge they hold, over time and over enough series of events, the casino will make a profit, and a large one at that. Remembering this point will help you make the transition from thinking in ‘certainties’ as I put it, to thinking in probabilities as Mark describes and as you should be thinking. Essentially, once you place a trade, you need other people traders to want to buy or sell a market at a worse price than you did in order for you to become profitable on that trade. So, if you buy a market at 10 for example, someone else has to want to buy it at 11 or 12, in order to make you a winner.
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Go to Forex Godfather official siteActual Consumer Feedbacks“This robot is capable of managing capital as it is programmed with risk and capital management strategies.
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Some guides include forex trading tips, which is important for those who are new to trading, but also adds value to advanced traders too.
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