How To Be A Better Trader

How To Be A Better Trader Collection

Becoming a better trader (or investor) involves much more than expanding your knowledge of markets.

While the vast majority of market participants may believe that it is, they are incorrect.

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Why you Should NOT Follow the Dollar Index (DXY)

Emerging market debt crises are more often than not global Dollar crises

The Dollar rallying out of its summer weakness is beginning to catch the attention of mainstream commentators.

Unfortunately, their focus isn’t on the Dollar per se, but rather the Dollar Index, which is not a very good indicator of USD performance at all.

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95% Of Retail Traders Fail. How Can You Succeed? 4

Gold flash crash august 2021

While the disposition effect accounts for much of the emotional pitfalls we face when we have open positions in the market, it doesn’t account for the emotions we experience, and their effect on our decision making when we are out of the market. 

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95% Of Retail Traders Fail. How Can You Succeed? 3

Gold flash crash august 2021

The problem with trading emotionally isn’t so much that emotions are unreliable indicators of future outcomes, it is that allowing them to dictate our trading decisions is frightfully inconsistent.

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95% Of Retail Traders Fail. How Can You Succeed? 2

Gold flash crash august 2021

If you want to become a better trader, you will have to become intimately acquainted with yourself.

You need to know how you react emotionally to both losing, and making money.

More importantly, you need to know how those emotions affect your decision making.

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95% Of Retail Traders Fail. How Can You Succeed? 1

Gold flash crash august 2021

About 95% of retail traders lose money.

While the statistics are daunting, it doesn’t mean that trading/investing is a fool’s game. What it does mean is that it is extremely difficult to do well in markets.

Which begs the question, how do we become better traders?

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