Good morning everyone
QUICK ONE⬇️
Every journey starts with a move and cycle of steps. Everyone has felt the urge to quit, don't you give up on your dreams. I don't care if you don't have money, you don't have help, you don't have support for it. DON'T GIVE UP ON YOUR DREAM. It may take you twice as long, you might not move as quick but DON'T YOU QUIT. You do make a difference, as weak as you feel, as tired as you are, as many mistakes you make. YOU DO MAKE A DIFFERENCE GIVING UP IS NEVER AN OPTION
Understand that trading is Insanely hardwork. Do not get distracted or sucked into the Lamborghini, private jets,mansion, lavish lifestyle that you often see on Instagram. Is it possible? YES, but not just to the average newbie. This is a long, brutal journey you signed up for. What to expect: depression, pain, frustration,fear, questioning yourself daily, emotional rollercoasters, loss of friends, loss of money, stress, anxiety, zero sleep, punches in the face every time your ego gets involved, I'll leave it there.
BUT..if you're willing to suffer for a few years, and work harder than you ever have in your life... Then you have a chance of living the actual DREAM. A life of no limits. You can potentially have do and be anything you want. There's no salary cap, there's no boss, there's no employees, it can be done from anywhere in the world on your own terms... it's true FREEDOM and happiness
If you don't have profitable strategy, you will eventually blow up your account, proper risk management never solve that problem since it would only make you loose gradually at lower rate and eventually blow up, also best trading psychological approach won't solve it either, since staying discipline to bad strategy won't provide good results overtime
Developing a profitable strategy could take years of experience with dedication and alot of work, testing, failure, stress and frustration which just few have pass through to keep them successful and consistent.
Feel free to message me or my colleague if you're not satisfied with your performance for solution and recommendation to get you consistently profitable.
TERMINOLOGIES USED IN FOREX
TO GO LONG....means to BUY
TO GO SHORT...... means to SELL
When someone tells u that a currency pair or a commodity is Bullish
They’re telling you that its going Up
While
One that is Bearish is going down
Let's be noting all these terms down in our Exercise books or Jotters,
You will be needing them as you progress on it
BULLS..... The Buyers are referred to as Bulls
BEARS.....
The Sellers are referred to as Bears
So you may hear people tell you that the Market is just Ranging.
They are indirectly telling you that the the market has not found any direction yet.
So you may hear people tell you that the Market is just Ranging.
They are indirectly telling you that the the market has not found any direction yet.
Also Most of the Currency pairs have specific names in which they are called....
We would get to know them soon
The dollar is sometimes called Greenback
The Pounds is called the cable
The New Zealand dollars is called the Kiwi
The Australian dollars is the Aussie
The Canadian Dollars is called the Loonie
We would get to know them as we go along with the Training.
It's just to get you acquainted with the most popular ones so that When you see fellow Forex Traders discussing, U would tag along easily
As we go on with the Training, We would get to see more Terminologies and Explain them as we see them
That's all as regards the post on market terminologies more would be discussed in length in the subsequent posts and happy blogging and reading
Happy Blogging and Reading 💥💥💥💥
Video from clearvalue tax YouTuber