Current market conditions remain crappy and there is no real direction on majority of pairs. I have observed that on many pairs price making an impulsive move in one direction and after few hours the whole move is retraced and thereafter it starts ranging again.
Under these circumstances, as a trader we have to understand that trading is a skill based on common sense and patience. There are no secrets or techniques. It requires no great intellect, but it demands unbending self discipline. It is more to do with accepting and understanding probability, than successful market research or market analysis. It requires emotional strength to accept the uncertainty of markets, but above all else, becoming a successful trader is everything to to with mastering yourself.
Under these circumstances, as a trader we have to understand that trading is a skill based on common sense and patience. There are no secrets or techniques. It requires no great intellect, but it demands unbending self discipline. It is more to do with accepting and understanding probability, than successful market research or market analysis. It requires emotional strength to accept the uncertainty of markets, but above all else, becoming a successful trader is everything to to with mastering yourself.
