In many ways, the forex market is like a battlefield 💭
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Some traders even view other traders or the market itself as an adversary that they need to outsmart.
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At the end of the day, victory is achieved by those who can think on their feet and are able to execute better strategies.
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Just like a soldier performs heroic acts and weathers harsh conditions without thinking, you need to train and internalize the right moves in practice to be efficient under pressure.
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💡Here are three practical tips to help your training:
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⚔️ Think about the what-ifs
It’s true that you can never really predict any event exactly as to how it would unfold. But being on your toes for X-factors can keep you from being confused and feeling uncertain should anything surprising happen.
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⚔️ Study market behavior
A successful trader cares less in predicting what the market would do. He cares, however, about what the market has done under similar conditions.
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Observe and familiarize yourself with market tendencies. This could help you orient yourself as well as act quickly under any situation.
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⚔️ Ask for help
Our resources can only draw us a limited map of the forex market. Don’t be afraid to ask others for advice. A fresh pair of eyes may be just what you need to get an edge over the market.
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Always keep in mind that trading rewards those who are mentally prepared to come up with strategic decisions in the face of uncertainty.
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Successful traders are those who can properly observe market conditions, rapidly orient themselves, carefully come up with strategic decisions, and efficiently carry out their course of action 🤜🤛