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Andile forex instagram

andile forex instagram

to invest the amount of money they are willing to lose. Note all the noise on this chartits a 5 minute chart and is only showing about a 15 pip rangethis is a very messy and difficult chart to try and trade notice all the failed signals and shake outs. Brokers who have wider spreads make more money off you every time you trade, so they want you to trade. Now, had you been trying to day-trade this 15 minute chart you probably would have talked yourself into trading all three of the pin bar setups below. Any questions or feedback?

andile forex instagram

Is Jabulani Cashflow, ngcobo a Fraudster?

andile forex instagram

Ive been trading for over 10 years and I still do not day-tradethat should tell you something right there. In 2016, Nial won the Million Dollar Trader Competition. Another reason why I hate day-trading is that theres definitely a financial incentive for brokers to get people to trade more frequently. Stop-hunters love day-traders, day traders naturally have stop losses closer to the market price since they are typically trading intra-day charts and trying to get quick gains with tight stops. Example Of Stop Hunting In Action. A retail day-trader in todays markets has a much tougher time trying to turn a profit than they did even about 10 years ago before all this high-frequency computer trading was so prevalent. Being a day trader and entering a lot of trades each week means its a lot harder to have a high winning percentage, largely because you get stopped out so much. Indeed, it seems more prestigious for us to tell our friends and acquaintances that we are day-traders during a lunch or dinner conversationbecause when you tell someone youre a day-trader they immediately get a certain image in their head. Hopefully this article gives you some insight into why day trading is typically a highway to disaster for most traders. You need to think of trading like building a house; first you need a foundation to build the house on, then as the house progresses you get down to finer and finer details until finally you are discussing. This has resulted in many investors trusting him with their money, investing large sums of cash and paying thousands for training.

Day-trading is something that should only be attempted by a very experienced trader, and probably should just not be attempted at all. Trading should always be taught and learned in a top-down technical approach, so that you understand what the higher time frames are doing before you try lower time frame trading or day-trading.

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