Learning the Power to Look and Do Nothing

If you cannot look at the market for an extended period of time without doing anything if you don’t have to, you will always be trapped in the conundrum of biting your fingers for entering a trade setup that isn’t perfect. It is as simple as that.

As a full time day-trader, you are most likely going to be in front of the computer more often than you should, that’s okay!

IF you do not do anything silly.

One way you can go about looking at the market without doing anything is to find a distraction. Distractions could be in the form of movies, games, etc.

As a trader you should have quick mental checklist that must be done before entering a position.

Adherence to this mental checklist will always keep you on your toes. It will be difficult initially as you will find yourself opening a position that doesn’t fulfill these checklists, it’s okay!

Learn from your mistake.

Create this awesome habit and you will find yourself understanding more about the market and making decisions only when you should.

IT’S OKAY TO BE LAZY! DON’T BE STUPID!

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubt.

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