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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
188: 5 Years Trading Forex: Hard Truths You Don’t Want To Hear
Aug 17, 2022
Nathan shares hard truths from 5 years trading Forex, highlighting the importance of resilience, patience, and learning from failures. Discussion on debunking the 'golden strategy' myth, mastering emotional control, and the value of experience and sacrifice in trading. Transition to a selective trading program and insights on trading opportunities with HankoTrade and robot building club.
48:25
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Quick takeaways
- Embrace failure as part of learning process for trading success.
- Avoid common pitfalls like seeking immediate profits and lack of clear goals.
Deep dives
The Importance of Experience and Resilience in Trading
To succeed in trading, it is crucial to embrace failure as a part of the learning process. Traders should focus on gaining experience, rooting themselves in education, and understanding that failure is an inherent aspect. Having a personal diary of trading experiences can significantly enhance trading skills. Overemphasizing monetary gains in trades and rushing to become wealthy can lead to significant losses.
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