trading psychology mark douglas || trading psychology 5 rules

Hey traders,this Five rues will improve the trading psychology, to lose a few trades and still come out ahead. Proper risk management not only preserves your capital but also provides the necessary cushion to weather the inevitable losses that come with trading.

When you set your stop-loss levels, ensure they are based on your strategy and market volatility, not on hasty emotional decisions. A common mistake is placing stop-losses too close to the entry price, often leading to getting stopped out prematurely. Instead, use a wider stop-loss that respects the market's movements while aligning with your risk management rules.

Now let’s move on to rule number four: keep a trading journal. Documenting your trades—both the successful ones and the losing ones—allows you to analyze your performance and identify patterns in your decision-making. By reviewing your trades, you can pinpoint where you might have deviated from your trading rules or where your emotions influenced your decisions. Over time, this record will serve as a valuable tool for improving your trading habits and refining your strategies.

Lastly, rule number five: keep your mindset in check. Trading can be stressful and emotionally draining, especially after a series of losses. It’s crucial to maintain a balanced perspective. Take breaks when needed, and don't be afraid to walk away from the screen to clear your thoughts. Implementing mindfulness techniques, such as meditation or deep-breathing exercises, can help manage stress levels and keep your focus sharp.

In conclusion, becoming a successful day trader requires discipline and a systematic approach. By following these five rules—establishing a rules-based trading strategy, avoiding emotional trading, implementing solid risk management, maintaining a trading journal, and managing your mindset—you can enhance your trading psychology and increase your chances of sustaining profitability in the markets. Remember, the journey of trading is a marathon, not a sprint. Focus on long-term success, and you will get there.

When it comes to day trading, proper risk management is crucial—not just for your financial safety, but also for your mental well-being. By establishing a systematic approach to trading and adhering to specific rules, you can minimize emotional reactions that often lead to impulsive decisions. 

**Rule 1: Risk Management**  

Never click the buy or sell button without setting a specific take profit and stop loss. This ensures that you have a clear plan in place before entering a trade.

**Rule 2: Avoid Overtrading**  

It can be tempting to trade multiple pairs or indices simultaneously, especially if you're glued to your screen all day. However, this can dilute your focus and increase the likelihood of making mistakes. Instead, narrow your focus to two or three pairs and simplify your charts.

**Rule 3: Keep It Simple**  

Overcomplicating your strategy with too many indicators and lines can cloud your judgment. Streamline your approach to make it more manageable and effective.

**Rule 4: Avoid Revenge Trading**  

If you've just experienced a loss, resist the urge to immediately try to make up for it. Trading while angry or frustrated leads to poor decision-making. If you’re in a bad mood or distracted, step away from trading. Don’t let emotions drive your trades; you’ll end up making things worse.

**Rule 5: Stay Emotionally Detached**  

Use a rule-based trading system that takes the emotion out of trades. By trusting your strategy, you can trade calmly. After placing a trade, set your take profit and stop loss, then give yourself permission to step away and relax.

Practicing on a demo account can also help remove some of the pressure you might feel. Spend time perfecting your strategy without risk, then transition to real trading once you're confident.

If you found this useful, consider leaving a like on this video and subscribing for more tips and strategies on day trading!

what is investment and online trading

 Hey everyone, Welcome to "Qforexsignals"  Traders today we will discuss what is online trading and investment we will try to understand in detail first of all we will discuss what is online trading whether it is forex trading Or crypto currency trading, in online trading you join a broker and open your account with this broker.I

#What is online trading#

If you are looking for a good broker, then you can open your account by clicking here. Now I want to tell you that in online trading, just as you open an account and deposit money, then you can do online trading.

 This means that as soon as you buy or sell in the market, your account balance in the line-up account, if the trade is in your favor, then you will get the in-line profit. You can close your trade whenever you want. If the trade against is loss then you close the trade with your loss at any time.

#What is investment#

Now let's talk about investment. In investment, you can buy any stock, you can buy currency, and you can also buy cryptocurrency. Now, as soon as after six months, after one year, after two years, the rate of this particular stock or currency goes up, then you can take up-profit by doing sellout according to this calculation, 

and if the same The rate of the stock falls after one or two years, so you will get the same rate as that stock at that time.

My secret intraday forex strategy (qforexsignals.blogspot.com)

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Forex saving money is like making money | byqaforex

Forex saving  money is like making money Trading losses are inevitable. Therefore, it's absolutely normal to hesitate. The good news is that you can learn to minimise risk so that most of your trades make a profit! According to statistics, 90% of traders' first trade is not successful. Most of them don't know how to deal with loss and leave the market disappointed. This is known as a shark bite. The rest take a deep breath and put in their efforts to reduce risk better. Risk management is the ability to reduce risks in the planning and conclusion of trades. Those who gain more experience tend to gain more profit.

These are the two basic rules that will guide you: Make an order using no more than 2% of your trading capital Before you enter the market, check your balance, examine the buy price, and set a Stop Loss level. Consider, for a moment, your balance is 500 USD, and your leverage is 1:500. This means you can trade in an amount up to 250,000 USD. One lot is 100,000 USD, which means one pip is 2.5 USD. Two per cent of your capital is 10 USD, which means you can afford to go down up to four pips. If you open an order for a smaller volume, the price of the pip changes.

Additionally, it's essential to consider the spread.

Set your allowable loss per month to 6% of your capital

The first rule simply protects a single large loss, while this rule protects you against a series of failures.

By following the 2%, you can get away with three unsuccessful trades per month. If you prefer to be even more cautious, you can further reduce risk to 1% and conduct six unsuccessful trades.

If you ever find yourself in this situation, it's best to take a break and re-analyse the situation.

                       

Forex trading update and signal long term

Forex trading update and signal long term

USD/CHF Analysis : Wait for a breakout then you can buy it.

USD/JPY Analysis Trade setup 🔥 Proper Signal with Entry and exit shared in Vip channel ❤️

AUD/USD Analysis : Aud/usd will go up soon

EUR/CAD Analysis : Eur/cad will be bearish for long term bcoz Euro is fundamentally so weak bcoz of brexit + ECB is printing billions of Euros daily to avoid recession.

See video 

               NZD/JPY Trade setup :  I can see some weakness at 64.7 , which means there is a high probability of rejection and it can easily go 100-150 pips down

                   

CAD/JPY Analysis : Price rejected from 77.0 , which means it can go more down

    

What is the lot size in forex ??

What is a Standard Lot

A standard lot is the equivalent to 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lot sizes; the other two are mini-lot and micro-lot. 

BREAKING DOWN Standard Lot

A standard lot represents 100,000 units of any currency, whereas a mini-lot represents 10,000 and a micro-lot represents 1,000 units of any currency. A one-pip movement for a standard lot corresponds with a $10 change. For example, if you buy $100,000 against the Japanese yen at a rate of  ¥110.00 and the exchange rate moves to ¥110.50, which is a 50 pip movement, you have made $500. Conversely, if the exchange rate falls 50 pips to ¥109.50  your net profit and loss is minus $500. 

With the advent of online brokers and increased competition it is possible for retail investors to make trades in amounts that aren't a standard lot, mini-lot, or micro-lot. 

In the interbank market where banks trades with each other on platforms such as Reuters and EBS, the standard trading size, or standard lot, is 1 million units in the base currency. 

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Micro-LoT

DEFINITION of Micro-Lot

A micro-lot is the equivalent to a contract for 1,000 units of the base currency in a forex trade. The base currency is the first currency in a pair or the currency that the investors buys or sells. Trading in micro-lots enables traders to trade in small increments.

BREAKING DOWN Micro-Lot

When an investor places an order for a micro lot, this means they have placed an order for 1,000 units of the currency being bought or sold. For example, in the EUR/USD currency pair, the euro is the base currency and the trader either buys or sells 1000 euro. 

A micro-lot is the smallest unit of currency trading and is used by novice traders looking to start trading but who want to reduce the potential downside. Investors use micro-lot sizes when they prefer not to trade mini or standard lots. Ten mini lots are equal to 100 micro lots, which is equal to one standard lot.

Most retail brokerage accounts allow traders to trade micro-lots with minimal initial deposits. 

EUR/USD technical analyze and next week trading movement

EUR/USD technical analyze and next week trading movement

24-hour view: “Instead of trading sideways (as predictable yesterday), EUR reversed an early up-move to a climax of 1.1550 before dipping fast to an overnight down of 1.1453. The ensuing sappy each day dying in NY (1.1463) suggests nearby is space to promoting weakness. However, down momentum is not dedicated and the key 1.1430 authenticate is dodgy to yield therefore without a doubt (next column is at 1.1400). Resistance is at 1.1495 followed by 1.1520. The 1.1550 cover is not likely to come up to into the picture”.

Next 1-3 weeks: “EUR bankrupt the 1.1540 ‘key resistance’ but reversed cursorily after tender an extraordinary of 1.1550. The later weak day after day dying in NY (1.1463, -0.43%) indicates that the underlying tone is notwithstanding weak. That said, the likelihood for a violate of the most important 1.1400 pillars has diminished. In a request to pick up the likelihood for a fissure of 1.1400, EUR has to crack the sturdy 1.1430 smooth as glass in these 1 to 2 time or the existing outlay action would possible ‘morph’ into a consolidation phase. On the upside, the 1.1550 important is estimated to be keen a sufficient amount to cap any EUR strength, at slightest for the after that only some days”.

All traders forex is same like a job but forex returns earing more than job must be very discipline need always following money management important in forex don't try to do account double in a day or week it's killing you always use small lots size and use so take profit and stop loss.

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Iq Option and binary option scamming or real

Iq Option and binary option scamming or real

I have got been in the double Options industriousness for fairly a number of time. I exhibit seen also numerous scams to count!

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You don’t obtain to conduct my word for it, the capacity decision is keeping up by over 3 regulators in Europe, as a result, they would exhibit to be complicit in the scam.

Iq Option and binary option scamming or real
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Iq Option and binary option scamming or real

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Iq Option and binary option scamming or real
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Iq Option and binary option scamming or real
What is truly key nonetheless is that you own a trading strategy and you individual danger as greatly as you be able to afford. Trading each time involves taking the risk of and drawn if you own the dead on adviser you be able to spend cash with an unselective trading style.