Forex Trading Library

Know your weaknesses and overcome them

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Knowing yourself well is a key aspect of successful Forex trading. The weaknesses in your personality often tend to trip you up as a trader if they are not managed in such a way that they do not affect your trading profitability. Make a list of your trading weaknesses and develop a strategy for how you can minimize the effect of each one on your bottom line. For example, if you know that you lack the discipline to keep to your otherwise successful trading plan, consider having someone else you trust or an automated system trade your plan for you.

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