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The investment in businesses such as restaurants, hotels, bars, etc., brings too many risks during the Covid-19 pandemic. Then why don’t you use MetaTrader 4 (MT4) to make money online in Exness? It is considered a legal money-making solution recognized with millions of people around the world participating. This article will guide you on how to make money online in detail via MetaTrader 4.
Instructions on how to use the MetaTrader 4 software in Exness
To be able to use MetaTrader 4 to make money online, we first need to know that MT4 is a platform that allows you to trade on the major Forex markets around the world like Exness, Etoro, IQ Option… If you do not know how to make money from it, then you have missed out on one of the best monetization opportunities. Here, I will guide you to use it in a specific way:
What is MetaTrader 4?
MetaTrader 4 is a trading platform developed by MetaQuotes Software for online trading on Forex, CFDs, and Futures markets.
It is an exchange where you can directly buy and sell the values listed and updated on it. Your job is to analyze the market, the prices of the products listed, the flow of the products going up or down, and decide to buy or resell to make a direct profit.
How to use MetaTrader 4 (MT4) to make money in Exness
Install MetaTrader 4
Step 1:To be able to use MetaTrader 4 to make money online, first, download Exness MetaTrader 4 here.
Step 2:After the download is complete, install Exness MT4 as usual.
Install MT4 of Exness
Step 3:Here, to be able to complete the installation of Metatrader 4, you can click on “Signup for Trading Services” to register an account. If you still don’t have an Exness account, click the box below to sign up a free one.
Step 4:Now you can immediately complete installing MetaTrader 4.
Complete installing MetaTrader 4
Log into your account on MetaTrader 4
Step 5:Now open the software so that the MetaTrader 4 system can download the information from the server to your computer.
Open the MetaTrader 4 to download information from the server to your computer
Step 6:Proceed to log in. Here, MT4 allows you to use it to make money online with a real account. This account requires you to register and DEPOSIT real cash through a variety of methods supported by Exness in order to invest in Forex.
Log into your account in the MT4 to start trading on Exness
How to trade on the MetaTrader 4 software
Step 7:Right in front of your eyes are the values listed on the MetaTrader 4 software. Since you are using a Demo account, feel free to try it out. This trial is very important because it is almost the same as using Metatrader 4 to make real money later.
Main screen of the MetaTrader 4 software on Exness
We can easily tell that green is for bullish values.
Bullish asset values on MetaTrader 4
And red, on the contrary, is for bearish values.
Bearish asset values on MetaTrader 4
In addition, the left interface is also a quick dashboard of bullish and bearish values. You can drag and drop them outside the software’s window.
A quick dashboard of the bullish and bearish values of the currency pairs
Step 8:And to buy or sell a value, click “New Order” on the toolbar.
How to place an order on MetaTrader 4
Select Sell or Buy at your discretion.
Place buy and sell orders on MetaTrader 4
One thing that you should pay attention to is to adjust the rates update time to between 5 to 15 minutes so that you can receive continuous feedback.
Set the candle time period
In conclusion
The above article is a basic guide for you to use MetaTrader 4 to make money online. And in addition, you can use a Demo account to trade on MetaTrader 4 so don’t worry. Investing in stocks with online Forex brokers is not easy. So if you want to invest and use MetaTrader 4 to make money online, you really need to know how to analyze the market as well as someone who has traded in this field.
What you are about to read below may surprise you. And it is probably not what you want to hear about trading experiences on the Forex market. It can make the experienced masters and the media angry because it is based on uncensored facts about the foreign exchange industry. All of this you need to know before making any more transactions.
If you don’t want to be crushed and kicked out of the market, you need to read carefully and remember what I am about to share with you below.
The online media and the “propaganda” that you hear every day have the same purpose of luring noobs into traps. Yes, the noobs here are you, and for sure, they don’t want you to know. Basically, this industry wants you to trade without thorough preparation, or without a clear sense of what you are doing. Because they know it’s the fastest way to hook dollars out of your pity pocket.
Please don’t blame me. I don’t mean that you can never be successful with the Forex market. But if you are still following the path of the crowd out there, chances are that you’re still struggling with billions of theories as well as accounts shrinking.This is exactly what the industry wants you to do,like a fat pigwaiting to get slaughtered.
This article is for you if you are looking to learn about the forex market, or starting to try trading with your real account. Please read it.
You may not have figured out yourself being “driven” by the Forex machine yet. This industry does everything it can to get you focused on its glamor and its best aspects.
The truth is:(most of) blog sites, forums, websites, and the media directly or indirectly make traders misunderstand the risks and possible profits in trading foreign exchange. Basically, they direct you to the “abattoir”, the foreign exchange market. Markets and brokers don’t care if you are at a loss. And if you make a good profit, they will notice you. They will note you down in a list of tracking accounts and do shady things that some tricky platforms do. Your blood will be “sucked” slowly, little by little.
How the foreign exchange market REALLY works
When you trade with your forex broker, they always earn brokerage fees whether you win or lose. This industry is full of brokers who always want and influence you to trade as much as possible. They do not need to know and do not care whether you have learned the basics or not, have had any Forex knowledge or trading experiences.
The less amount of knowledge you know, the more money you “gamble” on the market and lose. If you intend to or are trading with a real account without the most complete knowledge as possible, then stop immediately. You are groping on a minefield without knowing where the mines are hidden. Stop it.
You should not spend money on robots advertised that will help you earn several thousand dollars a month without doing anything. Also don’t waste your money on courses, seminars, and promises to bring you riches quickly. You need to learn to understand the market, read the candle signals, etc. Trade yourself, and learn from both successes and failures. Do not trade imitating others. Do not trade with robots.
Get down to earth and see what’s happening in reality
If you are having great hopes and expectations for forex trading, I will not be the one telling you not to dream anymore. I am the one who pulls you out to stand in reality. Once your expectations don’t “match” with reality, that’s when “pain” happens.
You’ve probably seen (many times) software or Forex trading bots for sale, with great promises of how much you can make even without doing anything or having any experiences. They show you a series of photos of real trading accounts with daydreaming results. Be careful, they can easily be edited or created with the Photoshop software.
This is also the reason I will never show my account with you. I believe that through what you read in this blog, you can evaluate my trading ability. “Don’t believe what you hear and half of what you see.”
Get down to earth and see what’s happening in reality
Regarding courses or seminars (usually up for selling), do not believe if you just see them offer the monumental and rich images of “successful” traders. (Up to here, I remember the foreign exchange course of Jimmy Wang organized by Babylon when I first learned about the foreign exchange market years ago. It has always been full of pictures of supercars and villas. I didn’t go to this course. And I heard a lot of complaints on some of the forums about this training course.) All they want and try to do is to bring you a false and dreamy look.
Never be too confident when you’re still a newbie
Overconfidence is one of the big problems that newcomers get into, especially after they become very successful with a demo account. Many times, I heard from you guys that in just a moment, your account lost half of the money or even burned out. Most newbies do not use a stop-loss. Even if you place a volume of 0.1 lot, the amount you lose in a few seconds is too terrible.
Foreign exchange trading is a form of short-term investment which is much shorter than securities trading. You can’t hold an order for several months or a year like securities. And more specifically, stop-loss is something you must have in order to survive.Never execute an order without a stop-loss.It is very likely to happen once your order is placed on the market and you are immediately setting up a stop-loss. With those few seconds, your account is dead.
Never be too confident when you’re still a newbie
Do not be overconfident if you are having several consecutive winning orders. Do not think you have soon understood the market or have grasped the “broker”, etc. You willreturn all the profits to the marketsoon.
After many years of losses and continuous learning, I eventually know what I’m doing and need to do to survive with the market and make money from it. If you are new or your transaction time is not long enough, never go subjective.Trade with a small account and determine your initial goal. It is not about making a lot of money, but simply not burning out your Forex account and learning experiences to observe the market movements.
I, and many people I know, know that in order to make real money on the Forex market, it takes years to have experiences and fairly understand what is going on in the market and trade properly. I feel that it will be more fortunate for you if right from the start, you encounter losses or even burn out a few accounts. Success and making a lot of money as soon as entering this harsh market can become a disaster.
A lot of people think that because they have experiences of succeeding in a certain field, they can do the same thing when trading in the forex market. My friends and some people I know are very successful people in fields such as real estate, phones, restaurants, etc. But they all lost a lot of money with forex and stock. This thought is definitely a mistake. Trading, like any other field, takes a long time, effort, and money, etc., to learn how to “understand” it.
Ego and madness
You, who are reading these words, could be an experienced longtime trader (2 to 5 years or more). However, you may be still struggling with losses and disappointment. If you’re like that, take a serious look at how you trade, the mistakes you make, and the bad habits I’ve mentioned in many articles. You might know you are having those problems but can’t change them, might not you?
A person with a huge ego and an arrogant personality will not be successful with forex trading. You are never wiser than the market. And the market is always right.
Not knowing what mistakes you make and always struggling to find the “holy grail” as well as a perfect money-making method are the reasons that most participants lose money. Trading is the activity that you conduct while correcting and learning.
Study, study more, study forever. You will have to learn for the rest of your life because you are able to trade up until you enter the afterlife. Pay attention to the mistakes you make repeatedly. Write them down on sticky notes and stick them onto the screen in front of you. It’s one of my secret Forex tips after years of trading experiences. You need to identify them correctly, and gradually change them to get rid of them.
And I strongly recommend that you reconsider if 4 or 5 years have passed and you are still in constant loss with the forex market. Chances are, you are not “in” with this business. Stop and put money, time, and mind into other work.
Don’t be fooled by the thought of “big events are going to happen right now”. You will only be disappointed
Ego and madness
You know that there are a lot of people who make a lot of money with forex. Yes, it’s true. And maybe you do not notice but I know. There are many more, many times more, people lose a lot of money with forex (90-95% compared to 5-10%). If you are not aware of what you are doing or do not have a reasonable method without capital management skills, then you must be on the endless list of losers.
Be careful, I know you still want to find methods or ways to win, and even win most leisurely (such as buying robots). I assure you that there is not any system or method that will get you rich overnight quickly with forex. Nor will any robot make money for you in the long run without you having to do anything but install it on your computer.
My trading path and method are based on simplicity and logic as well as the ability to read charts correctly. If you can’t read price charts (and thus understand what’s going on in the market), just throw away those obscure methods and knowledge. Because if you are like that, you will never succeed.
Conclusion
I trade with the price action strategy. I use the almost original chart with only Japanese candles, without a bunch of messy indicators, no A-lines or B-lines, or what-looks-great, etc. And I focus on what is the most primitive and basic, the “original document” from the market.
And this blog is where I will share everything I know and my Forex trading experiences with you. Thank you for taking the time to read these articles.
This article gives you an effective trading strategy in Olymp Trade Fixed Time using Fibonacci retracement levels. This is an indicator used by few successful traders in the market. Stay tuned to see what you can do with Fibonacci in Olymp Trade to make a profit.
In trading, there is a famous saying about Fibonacci retracement levels as follows: “Fibonacci retracement is the only tool that can identify the psychological level of the market.” In terms of psychology, the price path represents the sentiment of market participants (buying and selling sides). Fibonacci ratios are a special ratio that occurs in many fields of life: Shells, flowers, body proportions, etc. And especially, the measure of market sentiment also follows this ratio.
Fibonacci retracement is the only tool that can identify the psychological level of the market
In simple terms, Fibonacci allows you to define the psychological levels of the market. It helps to detect reversal points, troughs, peaks usually located at Fibonacci levels. From there, when the price comes into contact with these price zones, you will act more accurately.
How to set up the Fibonacci Retracement indicator in Olymp Trade
To set up this indicator in Olymp Trade, do the following:
Select the “Indicators” menu and then navigate to “Fibonacci Levels”.
How to set up the Fibonacci Retracement Levels
Set the Fibonacci indicator from the bottom (1) to the top (2) of a bull cycle. Then, the levels depending on the Fibonacci ratios will appear.
How to set up the Fibonacci Retracement Levels
How to trade Fixed Time effectively with Fibonacci Retracement indicator
Here’s how to open Fixed Time Trade orders correctly with the Fibonacci indicator. The proof for this trading strategy is my last trading day on February 5th with a very high win rate. Here I will demonstrate this trading strategy through specific trading orders.
Trading history in Olymp Trade on February 5th
Trading diary on February 5th with the Fibonacci retracement in Olymp Trade
Follow the orders below to better understand how to trade with the Fibonacci indicator.
1st order: The price slowly retraced to the levels according to the Fibonacci ratios and reacted. After penetrating the 0.236 level, the price retested this level. Opened a DOWN order with the expiration time equal to the candle time period.
1st order on February 5th
2nd order. The way to open this order was similar to that of the 1st order. This trading strategy is often referred to with another name that is candlestick tail/shadow/wick trading.
Trade 2nd order with the candlestick tails
3rd order: The price continued to go down and touched the 0.382 level. According to Fibonacci, this is the level of the golden ratio which has a very special meaning. Price would react strongly here. Opened an UP order for the next candlestick.
The 3rd order on February 5th
4th order. This order was still another one opened using the candlestick tail. As soon as the price hit the 0.5 level of the Fibonacci, opened an UP order with the expiration time equal to the candle time period.
Trade Fixed Time effectively by opening orders following the candlestick tail
After the 4th order, the price had 3 times to hit the 0.5 level of Fibonacci and could not create a deeper bottom => The downtrend was broken; the price might rise again. Waited for opening an UP order.
5th order. This is an order opened in a slightly different way from the above. After breaking through the Fibonacci level, the price returned to test this level. Opened an UP order until the next candlestick ended.
The 5th Fixed Time order trading with the candlestick tails
Some notes when trading Olymp Trade using Fibonacci levels
Now you understand how to trade effectively with the Fibonacci indicator in Olymp Trade, don’t you? This is how to open an order using candlestick tails which is very good when the price reacts strongly to levels. In addition, you need to keep in mind some of the following notes to make this strategy more effective:
+ Identify 1 major trend exactly before drawing the Fibonacci levels. This is very important. Because if there is no trend, the signal will be very noisy.
+ Levels of 0.236, 0.382, and 0.5 are levels that price will offer the best response. Please focus and look for opportunities to open orders in these zones.
+ When the price crosses the Fibonacci 0.5 level, there is a high possibility that the price will continue the current trend. If it cannot cross, it is highly likely that it will reverse and continue the original trend.
Summary
Get familiar with this trading strategy using candlestick tails and you will find it very good to apply in Fixed Time Trade. As for Fibonacci, there will be many more uses that I will bring up in the following articles. Goodbye and wish you a successful transaction.
The Three Inside Down candlestick pattern is a set of three candlesticks that signals a reverse from up to down in the Forex market. This is a set of three Japanese candles widely used in trading. Within the scope of today’s article, we will introduce to you this special candlestick pattern.
What is the Three Inside Down candlestick pattern?
The Three Inside Down candlestick pattern is a special Japanese candlestick pattern in Forex. It usually appears at the peaks of the price. Like other bearish reversal candlestick patterns, it is a warning signal for future declines.
What is Three Inside Down candlestick pattern in Forex?
In Forex trading, using this reliable price signal effectively will get you very precise sell orders at tops.
Structure of the pattern
A standard Three Inside Down candlestick pattern is structured as follows:
+ The first is a strong green bullish candle.
+ The next one is a red bearish candlestick with at least half the length of the first one.
+ Last is a red candle of which the closing price is lower than the opening price of the first candle.
Variant candlestick patterns
The variants of Three Inside Down are also carefully considered when analyzing the price chart. Each variant has a different shape. Depending on the second candle in the pattern, we have the following variants of candlestick patterns:
(A) The pattern in which the first 2 candles form the Bearish Harami candlestick pattern.
(B) The pattern in which the second candle is a Pin Bar candlestick.
(C) The pattern in which the first 2 candles form a Dark Cloud Cover candlestick pattern.
Variants of the Three Inside Down
Meaning of Three Inside Down candlestick pattern
It is a Japanese candlestick pattern consisting of 3 candles. Combining the 3 candles of the Three Inside Down candlestick pattern, you will get a Bearish Pin Bar (aka Shooting Star) candlestick pattern. This is a common bearish signal in Forex. This explains why it is a reliable bearish signal.
Meaning of the pattern
The Three Inside Down candlestick pattern warns of a price reversal from bullish to bearish. This price signal often appears at the end of uptrends and stays at the top of the market.
The Three Inside Down candlestick pattern is a common bearish signal
How to trade Forex effectively with the Three Inside Down candlestick pattern
Here, I will show you how to place a basic Forex order using the Three Inside Down candlestick pattern. Please note that the Three Inside Down is a bullish to bearish reversal pattern. Therefore, you can only open SELL orders with this candlestick pattern. Open a SELL order as follows:
+ Entry Point:As soon as the price finishes creating the 3rd candlestick of the pattern.
+ Stop-Loss:At the highest price level before the price turns down and creates the pattern.
+ Take-Profit:When the price touches old support levels that have been formed in the past.
How to trade Forex effectively with the Three Inside Down candlestick pattern
We have finished introducing another strong reversal candlestick pattern to you. Hopefully, this article will help you get acquainted and understand special reversal candlestick patterns in Forex. Goodbye and see you again.
So we have officially closed 2020 and entered the new year 2021. The new year 2021 with many hopes and beliefs for everyone. The last year is a year full of uncertainties and difficulties caused by epidemics and crises. On February 13, I spent an afternoon in Olymp Trade with Fixed Time transactions for the beginning of this new year. What is your plan for 2021 in Olymp Trade? This article will help you. Let’s follow up and build your own plan in Olymp Trade.
I chose the 2nd day of the Lunar New Year which was Saturday to start a new trading year in Olymp Trade. Since it’s Saturday, the OTC market was the only place where you could trade. I originally planned to resume trading the following Monday. However, I hadn’t had the opportunity to experience OTC in Olymp Trade yet. Therefore, I also wanted to check whether I could make money or not.
Below are the orders I opened on the 2nd day of the Lunar New Year in Olymp Trade.
1st order:
1st order on Lunar New Year in Olymp Trade
2nd order:
Lunar New Year opening orders in Olymp Trade
3rd order:
Lunar New Year opening orders in Olymp Trade
4th order:
Lunar New Year opening orders in Olymp Trade
Let’s not talk about the strategy I used. Perhaps, in the following article, I will share with you this trading strategy. This article will only mention the trading plan in Olymp Trade for 2021. Stay tuned!
Why should we have a trading plan in Olymp Trade for 2021?
Although it is a new year, this is still an old story I want to remind you of. Making money is a plan. The more detailed your plan is, the less risk it will put on your money. And without a plan, you won’t make any money. So what is the trading plan in Olymp Trade? What do you need to do to build it? Please answer the questions below to find the answer.
How much money can you spend on Olymp Trade?
$500, $1000, or $2000, etc. Write it down and make a capital management plan for it. This is the most basic when you start investing in something. A specific number for Olymp Trade is a good way for you to stop with this money-making game.
Suppose, when you lose all this money, you also know that you have to stop. You should not put money into Olymp Trade anymore. That’s how you detach from your emotions and inhibit revenging. If you do not do this, the circle of losses => deposit => loss may cause you to lose everything. Don’t be so dumb because you have so many ways to make your money multiply.
How much money can you spend on Olymp Trade?
What is your desired profit?
How much profit do you want to achieve in Olymp Trade? How is the profitability rate per month? 15%, 20%, etc., this is an extremely important number for your account. Because it depends on your ability to trade in Olymp Trade. Earning 5% of your capital in 1 day in Olymp Trade is easy to do. However, achieving this in 1 month, even 1 year is another story. Remember, the higher the return, the greater the risk.
What is your desired profit on Olymp Trade plan for 2021?
How to make the target profits not affect your trading sentiment
If you are new, your trading knowledge and experience are not much. Please set the desired profit fair enough. This will make you feel good mentally. Don’t force yourself to high goals. If you are a longtime trader at the platform, you can level up your goals to improve your income. But remember, high returns always come with great risks.
What should be done to improve psychology when trading?
This is also one of the answers that should be in your plan. You need a method of psychological stabilization before and after trading. This is a tip to avoid falling into the emotional traps of the platform or whatever keeps your trading psychology at a steady level. That’s what you need to figure out.
For example, my trading tip is that after 3 consecutive losing trades, I will stop trading and come back the next day. You can completely follow if you do not have any method. Remember, emotions are our biggest enemy in trading. People who make money in the market are the ones who are better at restraining their emotions.
What should you do to improve psychology when trading?
Do you record a transaction log?
In many articles, I have talked a lot about this. Your transaction log will make you become better than you were yesterday. Transactions, mistakes, experiences are what you need to keep track of. These things will help you become more professional and “alert” in trading. So, record your transaction log every day if you are trading in Olymp Trade.
Do you record a transaction log when trading in Olymp Trade
Summary of trading plans in Olymp Trade for the new year 2021
2021 has come and brought with it a lot of hope for a year of economic recovery and global growth. You can also expect a big change in your financial situation with Olymp Trade. Just don’t give up and be willing to recognize your mistakes and correct them. It is entirely within your power. And do not forget that howtotradeblog will always be with you in the journey to achieve that goal. Goodbye and see you again.
There is one aspect of trading that most traders pay little attention to. It is how to manage the capital. If you don’t know how to control the money, it can slowly destroy your account. That’s why I write this article to share some tips to help you manage your fund in Forex trading.
As a trader, you work with computers and smartphones. The numbers that represent the money in the account are also electronic numbers. As a result, you lose your sense of the real green banknotes from losing or winning orders. You can not touch, feel, or smell them (only after withdrawing and holding them in your hand). Not having interaction between us and real physical money is not good in my opinion. This brings us many disadvantages.
I come up with two situations to ask you which of the following would you find angrier.
(A) One evening, you were standing in front of the ATM to withdraw $500. Suddenly, two robbers snatched up the $500 you had just withdrawn and escaped on a shabby motorcycle.
(B) On the same evening, you were sitting on a cushioned chair in a tank top and shorts, next to a bottle of wine with a cigar. Then, quite unexpectedly, your order hit stop-loss and your account lost $500.
Real money vs money in your account
I am sure that the first situation will make you madder. Losing the same amount of $500 in 2 situations, but why is our reaction different?
In the first situation, the money is more “real”. You are holding, feeling, maybe smelling them in your hand. You have physical contact with them. In the second situation, the money lost is simply that the electronic value on your account has been deducted by 500 points. You feel no obvious material damage on the $500 lost.
I know and understand what you are thinking now. You think that there’s no way you don’t feel anything when losing that money on your account. Yes, I’ve thought the same thing before. The truth about one of the main reasons why traders lose money on the market is because of that “no see, no feel” aspect.
When you lose money on an order, it affects you less than losing money when robbed. When you win an order, this money does not make you as happy as stumbling onto the same amount of money on the road.
How to feel more clear about the impact of the winning/losing orders
It sounds silly, doesn’t it?
When I first entered the market, I also struggled with capital management like most other traders. I came up with some Forex trading tips to make the win/lose orders more “real” and more valid. I bought a poker set to pick up some chips, which would represent exactly the amount of money in my account.
Next, I bought 2 (nice) bowls, 1 for Loss, and 1 for Profit. After every order, I put the number of chips corresponding to the profit or loss into respective bowls. I place these 2 bowls on the trading desk, right in front of me so I can always see them (or even touch).
The effect of this is very clear and good for me. I have more real things to feel for each of my transactions. I no longer only see the electronic numbers because I have a ton of more “real” poker chips in front of me. When the Profit bowl is full, I understand that I am doing the right thing. And if the Loss bowl gets full, I will have to review and self-criticize. These give me a clearer sense of the electronic numbers on the screen.
Tips to manage your capital in Forex trading: Use poker chips
Responsibility issue
Unless you are the world champion of discipline, you are probably still having (major) difficulties in complying with your trading strategy. You have difficulties becoming patient and “preying” for really good and clear opportunities in the market.
One of the main reasons for the question of why you are still struggling with that “crowd” is because there is no one to supervise or urge you, other than yourself. Buddhism has a saying that I like, that is“The greatest enemy in life is oneself”. Trading is really a war with each of us ourselves.
When you go to work every day, you have many bosses on different levels, assigning jobs for you. You work inefficiently, you will be fired. You are under the supervision of one or several people. As a trader, no one supervises you at all. And sometimes you think that if you have a boss like at the office, you will be more disciplined, and do better. If you’re going to jump into the market without a clear signal, the boss will knock your head and say: “Do it and you will get fired”.
If you have a boss like at the office, you will be more disciplined, and do better
Capital management is always one of the most difficult skills in trading. So try to make more of the “real” presence which gives you a more “real” and powerful impact. As I took the poker chip example above, you can use other things. It is up to you. They help you feel more “real” with every winning/losing order and with every money you earned/lost, etc.
Always CONSIDER managing your capital very important
Poker chips can help you be more responsible for your trading.
However, winning/losing, how much money you make, only you can know. Owning 2 bowls of Profit and Loss is also for your family members to see the performance of your work. This makes you more focused and responsible for each of your transactions.
Always CONSIDER managing your capital very important
You will feel a little more pressure as well as motivation to be more careful with your account. You don’t want your close friend to see a Loss bowl full of chips, do you?
Like a boss, the lifeless poker pile reminds you how well, or how badly you have done via the results.
Summary
The key point I want to share in this article is:Discipline in capital management is extremely difficult because everything is done on the computer screen. There is no tangible/physical feeling when you earn or lose money.
Poker chips (or other stuff) will help your results become more “real”, helping you be more disciplined. I recommend (try) doing that.
