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Home Forex Market Commentary

Focus On Trading Process And Not Results

by Adam Stanley
November 13, 2016
in Forex Market Commentary
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Focus On Trading Process And Not Results
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An important part of building your portfolio is to focus on the actual process and not the trade results. At every odd or end of the market is a human, even the computers are run by people in a building somewhere. So a logical and analytical approach isn’t always a good one. In fact, this can leave one tunnel visioned on the results, which are ultimately your end game.

Key Takeaways:

  • focus on the entire trading process from start to finish
  • After seeing low momentum in the move upwards, strong selling action took place
  • When you see a strong thrust out of the range, you look to initiate a short at the close

“During my communications with new traders, many times they judge performance by a handful of trades. If the system or method has piled on the winners, they credit the system and they credit their own trading ability.”

http://www.netpicks.com/trading-process-success/

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