Confidence

[babushkafx]

I always tell newbies that if you don't have trading plan, i.e. parameters that define your trading activity - number of trades per day, max drawdown, profit and loss targets and other rules - you won't be able to grow and improve yourself as a trader. That's why many newcomers fail - their trading quickly turns into gambling.

[Lea]

I always tell newbies that if you don't have trading plan, i.e. parameters that define your trading activity - number of trades per day, max drawdown, profit and loss targets and other rules - you won't be able to grow and improve yourself as a trader. That's why many newcomers fail - their trading quickly turns into gambling.

Thanks so much for this, these are the right words to describe what's needed. In fact this post should be pinned by all traders.

[Nich]

Thanks so much for this, these are the right words to describe what's needed. In fact this post should be pinned by all traders.

I couldn't agree more with what he shared, so timely. I learned this the hard way though.

[Lea]

I couldn't agree more with what he shared, so timely. I learned this the hard way though.

Yeah, the guys post hit me hard. Some days ago a friend got liquidated on futures because of this same reason.

[Nich]

Yeah, the guys post hit me hard. Some days ago a friend got liquidated on futures because of this same reason.

You know something, every now and then the guy's post keeps ringing in my head, it was really timely.

[Lea]

You know something, every now and then the guy's post keeps ringing in my head, it was really timely.

Same here bro, it came really handy!

[Nich]

Same here bro, it came really handy!

Yeah, we need more people like him in this space, so impactful.

[Golden Sark]

The success in our trading strategies depend on basically our money management plan , if we want to get maximal result by our trading strategies first of all we have to know proper money managing plan, otherwise it is not possible at all to make profit with great consistency despite of powerful trading strategies.

[Nich]

The success in our trading strategies depend on basically our money management plan , if we want to get maximal result by our trading strategies first of all we have to know proper money managing plan, otherwise it is not possible at all to make profit with great consistency despite of powerful trading strategies.

As a Forex trader, an increase in confidence is what will allow you to stick to your game plan. It enables you to hold profitable trades longer and cut losses quickly.