Notes
- Self-sabotage is one of the most common barriers to success, where traders, particularly those new to the industry, struggle with emotional management.
- The real success in trading comes from consistent execution and learning from each trade.
- Many traders in the industry show off their luxurious lifestyles, but this can be a distraction and should not be the basis for trusting someone’s trading skills.
- Michael argues that while the MT4 platform can be manipulated in certain ways, it’s not inherently fraudulent, and it’s still a viable tool for learning and trading.
- Michael has good experience with these two brokers for forex trading:
- We should trust the process, be patient, and understand that success in trading takes time and effort. Trading isn’t a get-rich-quick scheme, but rather a skill that requires discipline and experience.
- The live-trade example starts at 1:28:06.
EURUSD - Optimal Trade Entries
EURUSD - Mitigation Block
EURUSD Live Trade Example - Trade Entry
EURUSD Live Trade Example - First Exit
EURUSD Live Trade Example - Second Exit
EURUSD Live Trade Example - Third Exit
EURUSD Live Trade Example - Final Exit
EURUSD Live Trade Example - 1-Minute Chart
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