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3 Tips To Make You A Better Trader

Trading is an art as much as a science, probably more so. You need to have the mental strength and stamina to be able to handle making and losing money on a day-to-day basis. Trading with a practice account will help you learn the basics of the market, but will not give you that mental and psychological strength and stamina, the skills you need most. Here are a few things you can do.
1. Look at the trade from funded forex sides. Are you looking to buy a certain pair? Try to imagine the feelings you have if you were to SELL that pair. What feeling do you have when looking at the opposite side? Remember these feelings and you will notice improvements as you become accustomed to the feelings of both sides.
2. Decide to make money, not to be RIGHT. Many people have an obsession with being right. Remember, trading isn’t an exam, it’s for you to make money. Just because you are down on a trade doesn’t mean to have to stay in it to prove anything. Cut your losses if your trade looks bad, or your feelings go from confidence to HOPE. When this happens, you are putting yourself in dangerous position and setting yourself up for more losses.
3. You don’t HAVE to trade. Many of us log in at the same time everyday looking for set ups. This is great. You will develop a sense for the pairs and stay in tune with the …

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