The Advantages of Trading With Epix Trader Software? Sometimes people may want to experiment with the idea of Epix Trader Review trading with other people. You may succeed with them, but with me it never worked. I am trading alone. The advantages of trading independently are as follows:
Feel free to make your decisions without having to explain the rationale behind your decisions to anyone else. In this case, you will focus your time on what is happening in the market and how you can deal with it, rather than worrying about the psychological and emotional dynamics of trading within a group.
You are free to experiment, based on the knowledge gained from your own experiences and self-instruction, without having to ask others to collect a certain amount of trade money to enable you to do your own experiments.
There is no one to blame you for his failure. Thus, you will not waste time justifying your actions or feeling guilty about the impact of trading errors on someone else’s financial position.
You alone are responsible for matters of your success or failure. You can not blame anyone else. For some, it may be frustrating that they can not blame someone else if they fail. For them, it is important to know that they alone are responsible for their fate.
Personally, I believe that one must first trade alone before deciding to trade with other people. This will allow the individual to develop his own personality and self-understanding for himself or for the market. However, I know that not everyone can trade alone because this requires a set of values and beliefs inherent in the character of the trader. The personal qualities of individuals are, of course, not the same. Not everyone can work under isolation. For example, some people need social communication more than others. Individuals who have a social nature and those who solve their problems by talking to others will find it difficult to work on their own.
Moreover, there are people who have no confidence in their potential and ability to learn to trade successfully. I know some individuals who constantly need to reassure them before they take one step towards their goals. In similar circumstances, intra-group trading is sometimes the only option available to some individuals to get the first payment they need to start and otherwise they may not start at all.
Accept Losses in Forex Trading
The absence of a sound trading plan that includes specific rules for entry and exit into the market in most cases will lead to long-term failure. Beginners usually suffer from the same common mistakes. They abandon trading plans in a hasty and hasty manner, because things may not always go the way they expected. They repeatedly use untrustworthy means and then fail to make profits. Many of these traders hold the losing positions, saying to themselves “will change” although all indicators say otherwise, but the fact is they can not afford the loss.
So why are they torturing themselves? Why not only identify the wrong thing they have committed and then modify it? For some people, recognizing that a trade or even a successful trading method may seem easy and change it, but for others it may be very difficult. Because they have to look at their shortcomings and admit that they have made mistakes, which is sometimes not easy for them and even hurts their own. From a psychological point of view, this is very dangerous. But it is usually the easy way to deceive ourselves.
Just keep going? Where they live in a state of denial until their accounts are exhausted. If you acknowledge any of these qualities you have to stop trading immediately.
Take a closer look at what is happening, try to identify the problem. If you look close enough you may notice one of these patterns. For this reason, it is vital that you record every trade you make and all the information that can be recorded on Epix Trader Review trade. You have to get rid of old patterns and see things under the new light.
You will never be a successful trader if you continue to live in denial. So what can be done to get back to the truth? Actually there is so much you can do. First of all, you have to make sure you are not trading and you are under pressure. When you are stressed, you can not see things clearly, as they become rigid and unable to observe alternative views. One of the easiest ways to remedy this is to trade in smaller quantities. The smaller the volume of trade you do, the lower the volume of pressure, especially for beginners. Even if you are a trader with experience but you are in a period of loss, you can reduce the size of your contracts until you regain your confidence. Some people need to take a total break. Stay away from all these things and take your mind away from trade.
The second thing you can do is make sure you have a life. Forex trading may turn into a kind of addiction especially if you win continuously. So do not put all your feelings in one trading basket. You need to have multiple roles that give your life a meaning and a goal, by defining your identity in different ways. This should not give unnatural importance to the events of trade. Then you will be able to accept losses in one step, after which you can look at your trade more objectively.
Finally, radical acceptance is a key mental strategy to deal with uncertainty in the market. Many traders make a mistake believing they can control the markets. The reality is that no one can do it. So we should get used to accepting anything that might come our way, then trading on the basis of this fact. You must adopt the position that trading is a journey and all we can do is go in the same direction that the market takes us to.
To succeed in this journey you should not bear more than your losses. So run the risk and accept whatever you encounter to enjoy this trip. Epix Trader Review way you will trade and feel more freely and creatively. Do not live in denial.
Accept your shortcomings, work through them, to become a successful trader. Write your trading plan with specific entry and exit points. Most important is to set your own stations and decide in your mind that you will never break them. Test your system on paper and when you feel confident about it, test it live on mini contract sizes. You will suffer some losses, but you have to accept them and move on to the next trade.