Zedfx Traders

There Is No Perfection In Trading.
To make it short and painful: there is no perfect trading strategy. You will have to deal with losses. So stop hoping, and start accepting the fact that you will lose. A perfect trading system is one that makes money in the long run, not a system that makes money with every trade – that is utopia. And you will ONLY start making money ONCE you accept that you will lose money, as well. I know, I know I sound like a broken record, but if you are not profitable yet, this is one of the reasons. Deep down, you still think you are better than the market and you are still looking for that trading strategy that gives you a 100% win rate. Chances are that you may already have a profitable trading system in your hands, you just don’t know it because after every losing trade you want to adjust it so that the loss you just took could have been avoided. However, this means changing your system and opening it up to other potential losses. In conclusion, You will win some and lose some. Just makes sure your winners are bigger than your losers.

Every week I am approached by people who want me to teach them how to trade, and most want it to be quick, easy and cheap. If that sounds like you, then probability suggests that you are part of the 90 per cent. Let's get real. Would you go to a doctor who has only watched some videos or attended a weekend workshop? Would you get your car serviced by someone who has done the same or would you allow your children to get on a bus if the driver has only read a book on how to drive?

Gaining a university degree takes three to four years, or more, so you can get into your preferred profession. Similarly, trading the forex market is a business and those attempting to create that business need to treat it like a profession. Failing to give it this sought of respect is a major reason why most traders fail to make money when trading the market. To be an educated trader you need to combine a high level of knowledge with experience; otherwise, your probability of success over the longer term is very low.
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Have a great weekend 😊😊😊😊

While I’m a big fan of allotting time and effort to improving your trading strategies, I also believe that too much trading could do you more harm than good. For one, few people are able to sustain the level of focus needed to trade forex for hours upon hours a day, everyday; mental fatigue will set in. Forcing yourself to analyze the fx markets and making more trades when you’re not completely focused could also cost. Having life outside of trading also reminds you that trading is a profession. This can help you become more emotionally detached to the outcome of your trades, which is important for making good trading decisions. Achieving a work-life balance might be difficult, but it’s certainly not impossible.

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