In forex trading, banks actively grab stop losses from traders for liquidity and use it to drive the market in their favor.
– Before you begin
a. learn forex terminology
b. trade software + equipment
c. brokers, “gurus”, etc.
– Predict the market
a. learn how banks trade in forex
b. using software tools
– Master entries
a. learn and master a strategy
b. charts are subjective so your entries and exits do NOT have to be perfect
– Trading psychology
a. patience is key. do NOT fall victim to the “fear of missing out” on breakouts (FOMO)
b. trust your setups
c. focus on your wins, not losses