THE THREE PILLARS OF TRADING

The three pillars of successful trading are psychology, market analysis, and risk management

PSYCHOLOGY: 
Anchor Goals to an Existing Habit We all follow certain daily routines like eating a bowl of cereal in the morning, watching the evening news or taking your dog for a walk.

 You don’t have to “force” yourself to do any ofthese things because they’re ingrained habits.

 The good news here is you can take these routines and anchor them with the review habit. same With The TRADING PSYCHOLOGY.

RISK MANAGEMENT: 
Progress Bar:  It’s another way to
add a visual element to all the hard work you’ve done.
 
For example, let’s say you have this goal: “By April 1, I want to have a total of
$20,000 in my savings account through TRADING GOLD that will be used as a down payment on a house.”

You could create a progress bar with $0 as the starting point and $20,000.

This help you are a trader in knowing when to cut ✂️your losses, enter and exit a trade!

MARKET ANALYSIS: 
As a trader it is important to know when the Market is on a TREND OR RANGING! in doing so, it helps you understand the Market, Calculating your Risk Using a protective STOP LOSS!

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