THE MOST IMPORTANT MATH IN TRADING
1.Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. The reason for stop losses is to limit your losses when you are wrong so you cap your risk. Capping your risk makes it easier to have a reward that is multiples of your potential risk. If you risk $100 to make $300 it is a 1:3 risk/reward. If you open yourself to big losses it will be difficult to maintain a good risk/reward ratio. You can have a random 50/50 win rate and still be profitable through letting winners run and cutting losers short.
2.“The trend is your friend until the end when it bends.” – Ed Seykota
*An uptrend is measured through higher highs and higher lows in your time frame.
*A downtrend is measured through lower highs and lower lows in your time frame.
*The 10 day EMA can measure the short trend by which side the price is staying on.
*The 200 day SMA can measure the long term trend by which side the price stays on.
*How many losing trades in a row can you survive and not blow up your trading account.
3.Risking a small percentage of your trading capital will help you avoid your risk of ruin If you risk 1% of your capital trading with position sizing and a stop loss you will be down 10% after 10 losing trades. How much would you be down at your current rate of risk? Ten losing trades in a row will happen eventually it is just a matter of when and will you survive the losing streak mentally and financially.
☑ Stick with us here, we give you the right Education📚 and we guide you by the hand🚸💯.
1.Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. The reason for stop losses is to limit your losses when you are wrong so you cap your risk. Capping your risk makes it easier to have a reward that is multiples of your potential risk. If you risk $100 to make $300 it is a 1:3 risk/reward. If you open yourself to big losses it will be difficult to maintain a good risk/reward ratio. You can have a random 50/50 win rate and still be profitable through letting winners run and cutting losers short.
2.“The trend is your friend until the end when it bends.” – Ed Seykota
*An uptrend is measured through higher highs and higher lows in your time frame.
*A downtrend is measured through lower highs and lower lows in your time frame.
*The 10 day EMA can measure the short trend by which side the price is staying on.
*The 200 day SMA can measure the long term trend by which side the price stays on.
*How many losing trades in a row can you survive and not blow up your trading account.
3.Risking a small percentage of your trading capital will help you avoid your risk of ruin If you risk 1% of your capital trading with position sizing and a stop loss you will be down 10% after 10 losing trades. How much would you be down at your current rate of risk? Ten losing trades in a row will happen eventually it is just a matter of when and will you survive the losing streak mentally and financially.
☑ Stick with us here, we give you the right Education📚 and we guide you by the hand🚸💯.
Hello good morning everyone!
Welcome to this training.
If you're new here, please ensure you read the pinned message.
You have access to our basic training.
If you're confused or you have any questions, kindly send a DM to @basiudoh.
Dont forget, you can always share this channel link to anyone you want to.
Cheers!
Welcome to this training.
If you're new here, please ensure you read the pinned message.
You have access to our basic training.
If you're confused or you have any questions, kindly send a DM to @basiudoh.
Dont forget, you can always share this channel link to anyone you want to.
Cheers!
Good morning traders.
Another day to be PROFITABLE.
If you are new, and don’t know exactly where to start from, please send a DM to @basiudoh.
You can also start by watching the videos in the folder in the pinned message.
Cheers!
Another day to be PROFITABLE.
If you are new, and don’t know exactly where to start from, please send a DM to @basiudoh.
You can also start by watching the videos in the folder in the pinned message.
Cheers!
💭TRADING PSYCHOLOGY💭
Trading is way beyond the regular daily activities, its beyonc
the daily 💲 profits, analysis or getting rich quick💸
💱Alot of people see forex as a get rich quick scheme, alot see it as a game of luck or gambling, and to some others: just goofy chart 📊of ups📈 and downs📉
This is also the reason why some of you take trades with Oversized lots (i'm not gonna mention names😂 you all know yourselves) all in the hopes of making a thousand a day with an
equity of just a hundred🤫.
🏃🏽♂Also why some of you jump in on trades you have no idea or reasons to, just with the hope of making profits and when you lose you get frustrated🤦♂ and start chasing your losses only to end up blowing up your accounts poof💨 into the tin air🌫
✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍
🤾If you must succeed in this career or as a trader👨💻 then you must see forex as a business beyond the regular daily activities and as all business you profit and as well make losses, you must be willing to accept those losses and as well ensure you properly manage your business finances💰 which in this case your trading balance💳 and equity else you will get bankrupt and your clients which are your trading pairs 💱 will end up leaving you for someone else who can treat them better and guess who❓
🌚Thats definitely Mr. Joe 👨🏫
👨💻 traders you must be aware forex is beyond the day trading and profits, you have to see this as a business else you will end up among the 90% who are losers and continously blow up their accounts.
❤️Make forex a lifestyle, let it revolve round you. The more you treat it with priority the more you find yourself becoming very good at it and the more successful you become.
👨💻If you want a life of 🌎freedom and wealth, forex can give you this and if you really stay committed and focus on the long term goal believe me traitians you will be amazed on how
far you will grow and how rich you will be.
Trading is way beyond the regular daily activities, its beyonc
the daily 💲 profits, analysis or getting rich quick💸
💱Alot of people see forex as a get rich quick scheme, alot see it as a game of luck or gambling, and to some others: just goofy chart 📊of ups📈 and downs📉
This is also the reason why some of you take trades with Oversized lots (i'm not gonna mention names😂 you all know yourselves) all in the hopes of making a thousand a day with an
equity of just a hundred🤫.
🏃🏽♂Also why some of you jump in on trades you have no idea or reasons to, just with the hope of making profits and when you lose you get frustrated🤦♂ and start chasing your losses only to end up blowing up your accounts poof💨 into the tin air🌫
✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍✍
🤾If you must succeed in this career or as a trader👨💻 then you must see forex as a business beyond the regular daily activities and as all business you profit and as well make losses, you must be willing to accept those losses and as well ensure you properly manage your business finances💰 which in this case your trading balance💳 and equity else you will get bankrupt and your clients which are your trading pairs 💱 will end up leaving you for someone else who can treat them better and guess who❓
🌚Thats definitely Mr. Joe 👨🏫
👨💻 traders you must be aware forex is beyond the day trading and profits, you have to see this as a business else you will end up among the 90% who are losers and continously blow up their accounts.
❤️Make forex a lifestyle, let it revolve round you. The more you treat it with priority the more you find yourself becoming very good at it and the more successful you become.
👨💻If you want a life of 🌎freedom and wealth, forex can give you this and if you really stay committed and focus on the long term goal believe me traitians you will be amazed on how
far you will grow and how rich you will be.
THE BOLU OKUNADE CHANNEL!
Good morning traders. Another day to be PROFITABLE. If you are new, and don’t know exactly where to start from, please send a DM to @basiudoh. You can also start by watching the videos in the folder in the pinned message. Cheers!
https://drive.google.com/open?id=1Tv6OPxTCHeysGCVZhp0JQW-G5vXA7Mv6
Here is the link to get started if you don't know anything in forex yet
Here is the link to get started if you don't know anything in forex yet
Good morning everyone!
Another day to be profitable.
Remember
Going after a dream has a price. It may mean abandoning our habits, it may make us go through hardships, or it may lead us to disappointment.
But however costly, it's never as high as the price paid by people who live in their comfort zone
If you're new here, and don't know how to get started in learning forex,
please read the pinned post to get started.
And if you're confused, or have any questions, please send a DM to @basiudoh
Another day to be profitable.
Remember
Going after a dream has a price. It may mean abandoning our habits, it may make us go through hardships, or it may lead us to disappointment.
But however costly, it's never as high as the price paid by people who live in their comfort zone
If you're new here, and don't know how to get started in learning forex,
please read the pinned post to get started.
And if you're confused, or have any questions, please send a DM to @basiudoh
Good morning, if you have been practicing on your demo, and feel you want to go on live account, and don't know how to fund it .
Send a DM to
https://t.me/BusinessBoostExchange
And simply tell them that you want to fund your account.
This is for BINARY ALONE
Send a DM to
https://t.me/BusinessBoostExchange
And simply tell them that you want to fund your account.
This is for BINARY ALONE
Telegram
Business Boost Exchange
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90% of traders fail because of psychology! I've attached a book for anyone interested. Build your psychology this weekend.
And grow your trading competence.
If you have any questions, please send a DM to @basiudoh
And grow your trading competence.
If you have any questions, please send a DM to @basiudoh
Good morning traders. Another day to be profitably. If you are new and don't know where to start from, please click the link in the pinned message.
For any questions, please send a DM to @basiudoh
For any questions, please send a DM to @basiudoh
“Don’t Lose Your Money”
DECLARATION❗️❗️❗️
Now, place your hand on your heart and say…
“I will demo trade until I develop a solid, profitable system before I trade with real money.”
Now touch your head with your index finger and say…
“I am a smart and patient forex trader!”
Do NOT open a live trading account until you are CONSISTENTLY trading PROFITABLY on a demo account.
If you can’t wait until you’re profitable on a demo account, then there’s no chance you’ll be profitable live when real money and emotions are factored in.
At least demo trade for THREE to TWELVE months.
You can hold off losing all your money for a year riiight? If you can’t, just donate that money to your favorite charity or give it to your mama…show her you still care.
DECLARATION❗️❗️❗️
Now, place your hand on your heart and say…
“I will demo trade until I develop a solid, profitable system before I trade with real money.”
Now touch your head with your index finger and say…
“I am a smart and patient forex trader!”
Do NOT open a live trading account until you are CONSISTENTLY trading PROFITABLY on a demo account.
If you can’t wait until you’re profitable on a demo account, then there’s no chance you’ll be profitable live when real money and emotions are factored in.
At least demo trade for THREE to TWELVE months.
You can hold off losing all your money for a year riiight? If you can’t, just donate that money to your favorite charity or give it to your mama…show her you still care.
Binary.com will be rebranding to deriv.com take note of this time, please let's try not to have any running trades within this period
Mt5 real account servers have been frozen, this is due to upgrades going on.
Be calm! 😁
Be calm! 😁
✳️Always keep in mind, all your trades should end in the following ways if you you don't want blow your account
?👇👇👇👇
▪️BREAK EVEN
▪️BIG WIN
▪️SMALL WIN
▪️SMALL LOSS
✳️Yield this trading habbit, and you will see improvement in your trading account💯💯💯💯
?👇👇👇👇
▪️BREAK EVEN
▪️BIG WIN
▪️SMALL WIN
▪️SMALL LOSS
✳️Yield this trading habbit, and you will see improvement in your trading account💯💯💯💯
Forwarded from Business Boost Exchange