Zedfx Traders

21/08/2023

The trick is to focus on where you want to go despite your existing circumstances.

16/08/2023

15/08/2023

no reputable trader would write to you directly and ask for your account, please watch out for such people, they will only play with your money.

12/08/2023

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.

12/08/2023

Indicators provide information ONLY

This is what indicators really do, and it’s their one and only purpose. Indicators provide information about price, how moved, how candles shaped and how recent price action compares to historical price action. The very nature of indicators is to use the price information you see on your charts – typically the high, low, open and close of candlesticks –then apply a formula to it and turn it into visual information. Thus, the job of a trader is to interpret the information on their indicators in a meaningful way and turn it into a story about price action. And here lies the problem. Most traders never look at the indicators they are using and even less have never tried to understand the formula the indicator uses to analyze price. They then use their indicators in the wrong context and wonder why nothing works.

12/08/2023

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.
Books, courses, and signals available for free: https://t.me/+3MA5s4fOBmk2NWQ0

11/08/2023

Have a great weekend 😊😊😊😊

11/08/2023

Our health always seems much more valuable after we lose it. Don't
make trading the center point of your whole life.

11/08/2023

The wrong goals: Money, return, pips

You cannot control how much you take out of the market. You cannot control how many setups you get within a week or within a month. You cannot control how many of your trades will go on towards your TP and how many fail. Of course, over the long term, you can have fairly accurate statistics about your performance and expectations, but the short term follows different rules. Anything can happen on a week to week basis.

Thus, having results-based goals can be detrimental to a trader’s performance. If you hit your goal early, are you going to take the rest of the week/month off and miss potentially profitable trades? If not, why do you have such a goal in the first place?

11/08/2023

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.

Free forex trading strategy. Download it here: https://t.me/+3MA5s4fOBmk2NWQ0

11/08/2023

Increase your energy by reducing the number of non-serving things that have your attention.

11/08/2023

The hard part about creating filters for a strategy is accepting the fact that although they will help remove losers some winners will be the collateral damage.
Free courses, books and indicators available here: https://t.me/+3MA5s4fOBmk2NWQ0