Protein to Become a Successful Price Action Trader

To get into the 5% and become a successful Price Action Trader, there are 4 keys 

So what are they...

1. Knowledge

As Forex traders we are here to make money. Simple.

Understand who are the players 

• Banks/Central Banks
• Corporations
• Funds
• Forex Traders (That's us)

The basic knowledge that you should possess is to know and understand who these players are and what their purpose in the market is.

We, the Traders, are the only group that our sole purpose in the market is to make a profit. But the average trader is also the guy with the least amount of knowledge of the market.

Except for the 5%.

The 5% of successful traders have all the knowledge on the market, know who's involved and what their purpose is and understand where they fit and how to take advantage of it.

To get into the 5%, you need this knowledge too.

2. Discipline and Routine

Everybody doesn't need to follow the same routine, but you need to find a routine that works and you need the discipline to keep it.

Building a routine and to stay disciplined to it it's not easy. I mean you have to fight a lot of temptation, a lot of old habit. 

Study every successful person in any field, you will notice he/she has a well build routine and well discipline. You will never see them off course. 

3. Clarity

Let's start with this question:

How much money do you want to make?

It is important to be clear and specific when deciding your answer to this question. 

Saying things like "I want a lot of money", "I want enough to live comfortably" or "I want enough to buy a house or a car" are not clear enough. It is not something that you can make a plan for without more clarity.

Other professions, other jobs, they have clarity in that the workers know how much they make and they know how much they spend so they can make a plan much easier. 

But we are traders, so it's a little different for us, but its still important to have clarity, to know what you want and then go get it!

 

4. Identity

Have ever notice every successful person have Identity 

So what power do you possess as a trader that is unique to other,  are you 

-Aggressive means you pull the trigger too fast

-Conservative means you are too slow to make a decision, you take your time.

-Confirmation is "Show me". You want to see it first.

These can all look like negative characteristics, they aren't. Not when you know how to use the to your advantages. 

The confirmation trader are the worst. They are not in control of the decision, they will always going to be too late to the market.

LogicFxTz.....✍️