Welcome to the most exciting, challenging and thrilling business at the same time (if you can afford to enjoy the game). Forex trading has become the most dynamic business in today's digital era.
We have heard many stories and stories. Some get spectacular profits in a short time. But there are also those who have experienced complete destruction in the trading business.
This business is a revolutionary business, super dynamic, flexible, full of freedom, there are no fixed rules, everything is subjective, has millions of possibilities, and unlimited potential, both profit and loss.
CHARACTERISTICS OF TRADING BUSINESS.
This business offers unlimited freedom, too dynamic and too free. Freedom is like a double edged sword. On the one hand, it provides convenience, but on the other hand, it can be devastating if we do not have clear boundaries and rules, and tend to act recklessly and recklessly.
Many traders are destroyed because they are not able to control, control and master the freedom of this business. The origin of the entry position, as long as the lot is large without calculation, as long as you want to get revenge quickly after successive losses. Especially when emotions are out of control, everyone wants to be fast, in a hurry and in a hurry.
The opposite of free is bound and DISCIPLINE. If we are disciplined, we will definitely not be free. We are "bound" to the rules and trading plans that have been made. So the use of a trading plan is to limit and regulate traders so that they are not too free (not inconsequential so that they become regular).
Try to answer honestly. For those of you whose trading results are not consistent, it means that the way of trading is still inconsequential and irregular, right? Or don't have a clear trading plan? Well that's the problem.
METHOD IS PERSONAL.
Trading plan = method = rule = strategy = trading system. They all mean the same thing, just different terms.
There are many ways of trading, methods and strategies to make money in the market. The world of trading is like a wilderness, there are many animals to hunt. Different animals have different ways to catch them.
Please open the metatrader software there are many indicators. Trend indicators (moving averages, Bollinger bands, Parabolic SAR, etc.), oscillator indicators (RSI, MACD, Stochastic, etc.) and other indicators.
These are just tools, you don't need to use them all. Choose the most suitable and comfortable for you. How do you know if it fits or not? It takes practice and hours of flying.
Actually, it is not necessary to study all indicators or methods, instead they are confused and dizzy. Remember there is a quote that says, Too much love will kill you. If in trading, too much information will kill you. Few but sharp is better than many but blunt.
Not WHAT is the tool but HOW to use the tool? This is more important ! Even the same tool can be used in different ways depending on the ABILITY and CREATIVITY of the user.
There are so many methods, there is often debate. Which method is the best, which is the safest, which is the most profitable and so on. I think arguing about methods is a waste of time because all the good methods, the bad ones are the people who run them. Undisciplined or not really mastering the method.
Now I ask:
Is the knife good or bad?
Is the knife safe or risky?
Is riding a motorbike good or bad?
Is riding a motorbike safe or risky?
Selling meatballs is good or bad?
Is selling meatballs safe or risky?
The answer is absolutely relative. It really depends on the person running it. Something that looks dangerous will be safe in the hands of an expert.
So what people say are better, worse, safer, more dangerous/risky, easier, harder.. All of that is just an ILLUSION and a game of perception.
The fact DEPENDS on the person running it. Examples of debates that I hear most often and will continue to be debated,
Is Averaging Down / Martingale Dangerous? I answered: not always.
Trading news is bad? I answered: not necessarily.
Without Stop Loss is it dangerous? I answered: it depends.
Moreover, there are those who insist on saying MUST be like this, MUST be like that, can't be like this, can't be like that. In trading everything is possible and there is NO "Should" ! Trading is dynamic, full of freedom.
So all METHODS are safe if you know how to anticipate. There are no bad conditions, all good conditions if we know how to react appropriately.
SUBJECTIVE ANALYSIS.
Trading is a point of view game. The point of view is of course subjective. The same market conditions can be seen from a different perspective.
For example, when prices move up, some argue,
The price will continue to rise.. so I'll go immediately
you are in a BUY position.
The price is now high.. so I immediately open a SELL position.
I'm waiting if it reaches that limit, then I open a SELL position (I'm sure the price will turn down).
I'm waiting if it reaches that limit, then I open a BUY position (I'm sure the price will continue to rise).
That's just 4 examples of responses, actually there are many more responses, each trader must be different. So the same condition can be responded to with different attitudes. This is the dynamic of this business.
Market analysis and reasons why open positions, every trader is very different. The meaning of the word is already expensive, it is cheap, the price is high, the price is low, even this is very relative and subjective. Depends on when compared to the data?
Then about the trend, this is also very subjective depending on observing the price in what timeframe? Prices move up and down playing with our assumptions and perceptions. TRADING IS A MIND GAMES. Trend is very subjective.
MARKET IS DYNAMIC.
The nature of the market is dynamic and full of surprises. At the beginning of the journey, beginner traders usually experience a lot of surprises with the dynamics of the market. This is natural, but the higher the experience and the flying hours the trader becomes more calm and can control himself.
The market always has a way to TEAM so that we are not disciplined and violate the trading plan that was made. Therefore, patience and self-control are very important.
The best attitude to face the market is to stay calm, relaxed, don't be easily influenced by temporary fried foods (short-term fluctuation) and STAY FOCUS on the trading plan. We must be able to stand firm and not be easily shaken in the midst of market dynamics. STICK TO YOUR PLAN.
The market is not to be pursued and fought, but left and followed. Make sure you are ready with money and risk management.
SO HOW IS THE SOLUTION.
After I explained at length above, trading feels so confusing? Everything is relative, subjective, dynamic, free, there are no standard rules, and very personal.. Then what is considered "TRUE" how?
Truth itself is relative, isn't it? Everyone has their own version of the truth. TRUST YOURSELF AND YOUR METHOD.
The best way to "conquer" a super dynamic market is to be DISCIPLINED and CONSISTENT with the methods used.
Trading is a business. Business is not only about profit, profit and profit. It's about management and the ability to manage. A successful business must be supported by good management.
There is no one true way of doing business. Everyone has their own way of managing. Subjective and Personal. The most important thing is that we understand the twists and turns, know the ins and outs, and how to anticipate any risks that may occur.
This is our own business,
This is our own money.
This is our own trading plan,
We are ready to face all the consequences and know how to deal with them.
The most important thing is that we are COMFORTABLE, SURE and ABLE to prove how we can achieve profit in the market. Trading is very personal and seems very egotistical, that's the truth.
Precisely a trader who too often follows what other people say, I can make sure he is a BEGINNER who has not found his "self".
I'm not saying, asking and asking for advice from other people is WRONG. No, that's not what it means. It's okay, make it to enrich your point of view and knowledge.
But in the end, the decision is yours. You are the one who lives it and you are the one who is most responsible for all the consequences. So be an independent and confident trader. There is no better teacher than your own experience.
When people don't understand what you do, you KNOW EXACTLY what are you doing.
CONSISTENT AND OPTIMAL PROFIT GREETINGS.
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