Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
135: Your Scientific Approach To Trading Forex Manually Should Look Like This… w/ James Eaton
Aug 11, 2021
James Eaton, an expert in manual forex trading, discusses the scientific approach to trading forex manually, emphasizing the need for objective rules and avoiding personal bias. They also explore analyzing market data, developing personalized strategies, transitioning from testing to live trading, and mastering multiple-time frame analysis, price action, market structure, and mindset for retail traders.
50:11
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Quick takeaways
- Focus on capturing a certain percentage of the market opportunity rather than just absolute profits or losses.
- Simplify your trading strategy by focusing on price action and market structure, using multiple time frame analysis for a deeper understanding.
Deep dives
The importance of viewing trading performance as a percentage of market opportunity
Stop viewing your performance and development as a trader by the absolute percentage amount that you're making or not making. Instead, focus on capturing a certain percentage of the market opportunity that your strategy presents. Understand that losses are a normal part of trading and learn how to deal with them. Cultivate a positive mindset and take responsibility for your own trading results.
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