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Mentorship

Can I Learn Forex On My Own?A question that is frequently asked is "Can I Learn Forex On My Own?". Like any other ability, learning how to trade currencies can be self-taught through books, the internet, and practise. The learning process can be substantially accelerated and your chances of success increased, though, by having a mentor. You can discover when learning to trade independently that you are lacking crucial knowledge or have inaccurate beliefs about specific trading tactics. A mentor can offer direction and explanation, clearing up any misunderstandings and bridging any knowledge gaps. A mentor can also offer insightful criticism on your choices and assist you in recognising and breaking any negative habits you may have formed. A mentor might also introduce you to fresh techniques and equipment that you might not have found on your own. Expert traders can assist you avoid the common blunders that inexperienced traders frequently make because they have a lot of information and experience to draw from. Additionally, a mentor can act as a sounding board—someone you can talk to about your analysis and breakdowns, and receive a second view from. They can help you discover areas that need improvement and provide a strategy for doing so. Instead of having to learn everything on your own, it is far faster to learn from someone who has previously gone through the process and has the necessary information and expertise. The accountability element is another advantage of having a mentor. Having a mentor can improve your motivation to succeed and hold you responsible for your actions since you have someone to answer to. Having a mentor can significantly shorten the learning curve and improve your chances of success, even though it is possible to study FX trading on your own. A mentor can offer insightful advice, criticism, and encouragement that will speed up your progress and help you avoid frequent pitfalls. The two main ingredients for success in any endeavour are accountability and motivation, both of which mentorship may assist with.
BITSTAMP:BTCUSDEducation
by opes_trading_group
EYES ON EURUSD Sniper SetupTonight, I am looking at this setup on EURUSD. Once the algorithm presents its mode during Tokyo / Sydney, we will have more information on whether this a potential long or short opportunity. I have notice that the market tends to play between bank levels that are set during the previous sessions. I call these levels true support and true resistance. Most traders mark up from what is perceived to be places in the market where it bounces / rejects from multiple times but if deeper analysis is taken, one may find that these levels that the market is bouncing from may be session highs or session lows. Understand that these are the levels that are agreed upon as a premium or discount buy or sell zone and that the market switched algorithms at this points and places. If you would like to move with the banker's algorithm, you have a much better chance of catching the money train if you enter at the prices that they set as major areas of institutional interest.
by jefferytheartist
EYES ON SNIPER US30 SETUP With that being said, I am looking at this setup on US30 based on the current price action schematic that I see being printed by the market algorithm in relation to what I have seen in the past. The market is a cyclical puzzle but once you keep seeing the same pieces, you being to notice recurring patterns on the charts. Once you begin to notice these recurring patterns, burn them into your memory and react to them mechanically. Trading is a game of risk management, repetition, and probability. Lock in on one strategy as you can and chisel it. You will find success in the markets much faster. US30 has been my go to pair since I started trading in 2020. I have poured countless hours into trading this instrument on a day to day basis. I have used countless strategies working to find one that works best for me. Make sure you do your due diligence and only take this trade if it aligns with your own analysis of the market. What I am showing is POTENTIAL setup, with the market, profit is possible but it is NOT guaranteed. NEVER overleverage your account on any trade ideas that you see from me or from other traders you may follow on this platform. Happy Trading World!
FX:US30Long
by jefferytheartist
A little something to help others beginners market is in a gully new retail traders are coming to trade let me tell you something important even if you know technical analysis that is not enough what you need is a proper risk management rules and get rid of all your psychological issues I suggest that if want to become a trader first thing you do is work on your psychology only books will not help you in that you need a mentor who will guide you in developing a system and help you understand different types of market and help you make no mistake in executing your system lots of people have system but they do not trust there system and because of that they lose money always have learning mindset it will help you because market trends always change
NSE:HDFCBANK
by mehandijafriboyandyoukick
1
USDCAD Long Trade plan✅ Potential long opportunity if we see price respect the bullish structure, preferably price remain trading above 1.25 major level. ❌ Long bias invalidated when price trading below 1.2450 level. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together . Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support
Long
by LCFXpro
2
NZDUSD LONG TRADE PLAN✅ Potential long opportunity if we see price respect the bullish structure, preferably price remain trading above 0.69 major level. ❌ Long bias invalidated when price trading below 0.69 level. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together . Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support
Long
by LCFXpro
2
EURUSD Long trade Plan✅ Potential long opportunity at the break above M15 bullish flag. ❌ Long bias invalidated when price trading below 1.1430 _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together . Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support
Long
by LCFXpro