It is actually easier to be profitable with a trading system with large wins and small losses. Trading System enables the trader to catch a trend and profit big when the opportunity arises. Stop losses that are well-placed, as well as the use of trailing stops, can help you create an asymmetric trading system that…
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Many inexperienced traders are deceived by themselves. They enjoy in small victories. They are on the lookout for the “magic” solution to making money with a fail-safe system. As traders they believe that attending a seminar or receiving a newsletter will completely transform their lives. Trading for easy money and coaches and gurus for having…
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The following is an excerpt from Jack D Schwager’s book, The New Market Wizards, that has been condensed. I strongly advise all active traders to read this book. Following are Key Points From The Market Wizards book: 1. First and foremost before knowing key points from the market wizards Are you sure you want to…
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One of the main enemies of saving money is inflation. It is known as the silent killer. The following are the Current Inflation Rates 2021: +6.2 percent All together. +5.3% increase in total food. Food prepared at home has increased by 5.4 percent. Food consumed away from home increased by 5.3%. +30.0 percent total energy.…
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T. Harv Eker’s book Secrets of the Millionaire Mindset demonstrates the significant difference between how millionaires think and how people with a poor mindset. Wealth begins in the mind; no matter what your circumstances are, your financial future will be more in line with your thoughts and actions. Many people rise from humble beginnings to…
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How Many Successful Day Traders Are There? This relates to a success rate of between 3.5 and 4.5 percent. Another ten made a profit, but not enough to keep trading. The success rate is around 6% to 8% If success is defined as being marginally profitable (for at least a few months). There are Many…
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The only way to avoid losing trades is to stop trading. If you want to keep trading, you’ll have to endure a lot of losing trades on your way to profit. Accept them and don’t overreact emotionally to any single losing trade. Here’s how You should go about trading with no regrets: 10 Reasons Why…
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What do we mean when we say “success”? Is it because we make a lot of money, live in a huge house, married the county’s hottest guy or girl, or drive the fastest car on the block? Those aren’t exactly success indicators. Simple Ways to Be Successful are building a business and being an entrepreneur…
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These top Money Management Tips will help you to manage money better way . You can start moving toward financial security for your family. When you know that you have enough money to pay for what you want now and in the future, you feel more secure about your money. Why do we save, invest,…
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Netflix has so much content that subscribers will never be able to watch it all, especially with new content being added on a daily basis. Filtering out what you watch to value your time is the best way to get the most out of Netflix. While watching the top ten movies is fun. Watching top…
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