The reasons you get punched in the face in trading can be many: an attack on a refinery, a bombing, a flash crash, … or more mundane: a strong move and sl. A quick rise in price followed by an even quicker fall. An upward impulse, a downward impulse and a breakout of previous lows. You are on the minus side.

The only rules you need to start being a profitable trader: the right preparation.
The growth of a trader is an exhausting journey. The market hits all the technical and psychological weaknesses we have one by one. It causes losses and painful emotions. Check how to deal with it?

In the long run, the best and mentally strongest traders are characterized by Mental Toughness to losses and big losses, ability to cope with long periods of losses and then bounce back.

A minor problem in trading that has occurred may be felt by you as very painful and serious at a time when you are particularly sensitive to stress, when your mental condition is weakened. The cumulations of negative events affect your trading results, especially losses and mistakes. It is best not to trade then.

People learn from their mistakes, smart people learn from the mistakes (and successes) of others. A nice shortcut is to read books containing biographies and interviews with successful traders. These books every trader should know.

This post is hugely important, especially for traders outside of funds.
The basis is to observe the best traders, a specific behavior when they are successful.
Interestingly, the same behavior is observed in the most outstanding athletes, businessmen, members of elite special units.

The current chart indicate the last stages of market manipulation. Research confirms interest in BTC from major investors is growing.

Beginning traders often ask us how to choose a legit forex broker. In this regard, we have a few tips.

Choose a good reputation (check reviews), big broker in your country. In case of a legal dispute you always have a chance and it’s easier.

One of the key questions I ask traders is how they get out of positions, can they always get to the TP. If you look at yourself you will find out something interesting about yourself.

Our mind works in several basic modes.
A plan prepared calmly is rational, well thought out and sensible.
However, just before the entry, strong emotions arise and suddenly the same plan seems weak and not adapted to the market.