Have you ever wondered why most of us fail in trading? Why even knowing the basics of trading, we are not able to trade as good as any other trader? Why do some traders have a higher success rate while others keep lagging behind?
There could be 'n' number of reasons for why we do we tend to fall in trading. We had already seen some of these reasons in our previous postings when we had been discussing about FOREX trading. Success in Forex trading is all about following the basics and avoiding few mistakes which is pretty common with currency traders.
Here is an infographic which highlights the 6 stages of successful Forex trading. These stages have been defined as:
1. Analytical Stage
2. Trade Plan Development
3. Trade Entry
4. Trade Management
5. Exiting Trade
6. Reflective Process
There could be 'n' number of reasons for why we do we tend to fall in trading. We had already seen some of these reasons in our previous postings when we had been discussing about FOREX trading. Success in Forex trading is all about following the basics and avoiding few mistakes which is pretty common with currency traders.
Here is an infographic which highlights the 6 stages of successful Forex trading. These stages have been defined as:
1. Analytical Stage
2. Trade Plan Development
3. Trade Entry
4. Trade Management
5. Exiting Trade
6. Reflective Process
Source: https://www.pinterest.com/pin/511580838898252108/
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