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Author Topic: Why Most Traders Will Fail, and How to Fix it  (Read 2396 times)
Flanagan
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January 17, 2014, 04:53:39 PM
 #21


[/quote]

for someone who's thinking of taking trading a bit more seriously, where would you suggest to get the best info? traditional market/forex books, webinars, etc? any tips for good classes?
[/quote]

read with great attention and open mind, more than once if possible, especially all the parts dealing with psyhology and everything else, besides the actual trading techniques described (which are useless at this phase in bitcoin in my opinion):



and then his next book:



That if you take your money seriously. If not I suggest you save yourself the bucks and go for a weekend in Las Vegas, preparing to lose everything anyway.

One basic idea that helps me always is:

DON'T BASE YOUR TRADING DECISIONS ON HOW MUCH YOU COULD WIN, BUT RATHER CONCENTRATE ON HOW MUCH YOU RISK LOSING.  Shocked

Learn to listen, listen to learn.
BitsofHoney
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January 18, 2014, 07:49:02 PM
 #22

Great topic! Very informative  Smiley
alpha492 (OP)
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January 18, 2014, 08:06:29 PM
 #23

Great topic! Very informative  Smiley

Thanks!

Seems to be something most new traders know on some level but they need more experienced traders to remind them just how important it is to remember.

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