So Guys i will tell you who is your biggest enemy in trading.
i am sure you read many articles on internet about this topic , and you find these points below . But Here i will introduce new biggest enemy. So Read Full Post Carefully.
2. Greed
3. Emotions
4. Lack of knowledge
5. Lack of patience
6. Lack of experience
7. Lack of risk management
8. Lack of money management
Yes these are your enemies but now i will tell you who is Biggest Enemy.
So Guys Your Biggest Enemies are Signal Provider Groups on Facebook , Whatsapp , Telegram ect .
if you beat above 8 Enemies , and you think now you are a Profitable trader , its wrong thinking .
Now i will tell you some situations . How these Signals provider Groups effect your trading .
1. You do your own analysis , Follow all rules of your Strategy,
Follow money management, do all things but before you enter
trade , Suddenly a Signal Provider Group Notification Appear,
Follow money management, do all things but before you enter
trade , Suddenly a Signal Provider Group Notification Appear,
Mostly Text is .. Buy / Sell at CMP ( Current Market Price )
And Mostly Signal against your analysis.. Now you see
Number of group members they have massive following.
So you change decision and follow Signal Group.
Guess what next SL Hit .. But Suppose TP Hit and Signal
Provider was Right. Now Think what you do ,You Break all
your Rules . Which is bad thing for your trading career.
Through this you can't earn from forex long term ..
And Mostly Signal against your analysis.. Now you see
Number of group members they have massive following.
So you change decision and follow Signal Group.
Guess what next SL Hit .. But Suppose TP Hit and Signal
Provider was Right. Now Think what you do ,You Break all
your Rules . Which is bad thing for your trading career.
Through this you can't earn from forex long term ..
2. You Follow your all rules and complete your daily target .
Now you should close MT4. But Before you Close MT4
Suddenly a Signal Provider Group Notification Appear, For
example text is Confirm Buy Setup for 50 Pips , Buy CMP .
Even your daily target complete but i am sure you take risk and
take trade , Mostly new traders do this and wanna earn some
daily extra pips . Now here many things happen .
Suddenly a Signal Provider Group Notification Appear, For
example text is Confirm Buy Setup for 50 Pips , Buy CMP .
Even your daily target complete but i am sure you take risk and
take trade , Mostly new traders do this and wanna earn some
daily extra pips . Now here many things happen .
a.. IF SL Hit . Lose less form your daily target .
Now whats your thinking ? You do more trades to complete
daily target again. But now with recovery and aggressive
mindset Which is bad for your trading career .
daily target again. But now with recovery and aggressive
mindset Which is bad for your trading career .
b.. IF TP Hit . You gain some extra Pips which was not already
planned . So when this situation occur again you take risk
again and wanna earn some extra pips . But remember this is
forex trading here nothing is 100 % .. When daily target
complete never enter in a market again same day . if you do
this you Break all your Rules . Which is bad thing for your
trading career. Through this you can't earn from forex
long term .
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planned . So when this situation occur again you take risk
again and wanna earn some extra pips . But remember this is
forex trading here nothing is 100 % .. When daily target
complete never enter in a market again same day . if you do
this you Break all your Rules . Which is bad thing for your
trading career. Through this you can't earn from forex
long term .
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Now my Pro Recommendations ..
So the main thing is never break your rules..
Never join free signals groups .
Never join paid signals groups .
Now Leave All Signals Groups .
Unfriend/Un follow all your unnecessary facebook forex related friends . Coz many time they also post signals /analysis and wanna increase clients for paid bullshit signal groups promotion.
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Now Leave your Comments Below if you agree with my thinking .
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Now Leave your Comments Below if you agree with my thinking .
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