90% of the Traders DO THIS and LOSE MONEY
Channel: Traders Terminal
Date: 26/11/2021

#Forex #Trading101 

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What most traders fail to understand is that strategy is important but it is not the only important part in trading.

Its importance is not more than 25% of the whole pie. As a successful trader you will have to posses variety of
skills such as:
* general analysis of the market
* risk management
* trade management

Another important factors in trading which most people fail to understand is that market conditions change - CONSTANTLY. Why do you think the same
pattern/strategy (whatever it is that you use for your trading) works sometimes and then it doesn't work?

Then there is the subject of time frame segmentation. Longer term is bullish, medium term is neutral, shorter term is bearish. How do you cope with that?

All this questions are hard to answer especially in the beginning of your trading career. Keeping track of multiple time frames is hard.

Platform X aims to help you solve all of them!

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