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Natalie Madden


Of course, once you mature as a trader, you can incorporate many other different tricks that you have learned, in order to maximize your winnings. Again, it is suggested to go by the market data rather than trusting the gut feelings, because our thoughts can get clouded with emotions like anxiety and greed.

Scalpers:

In trading, scalpers are those who keep frequently entering and existing from short trades. When you get into such type of trades, you will need to make split-second decisions in order to take advantage of the market positions.

Here again, you will frequently face the dilemma of choosing between staying for more time in the trade, or to quickly exit like you had planned. Sometimes, continuing with the trade might seem like the most logical thing to do.

As you gain experience in the currency market, you will be able to identify the hurdles and come up with the right solutions. You will also learn to compensate the losses of short trades with the help of long trades.

You will not be the same trader that you are today, 6 months down the line. You will gain more knowledge, and your thinking will also expand. You will have overcome the fear of making the decisions within short timeframes.

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