4 deadly myths in trading that destroy beginners… Are you a victim of one of them?
#Myth_1: "Enter with the break… the market will explode"
#The Truth:
- 90% of breaks are liquidity traps. The market breaks tops/bottoms to eat stop orders and then suddenly reverses direction. #The Solution:
- Do not trust the break until confirmed.
Close the candle + appearance of BOS (Break of Structure) on the higher time frame (daily or weekly)
#Myth_2: "A no-loss strategy exists"
#The Truth:
- Even Wall Street loses trades, the secret is not in the "magic strategy", but in risk management and accepting losses as part of the game.
#The Solution:
- Focus on the Risk/Reward ratio (1:2 or higher), losing 10 consecutive trades does not end you if you only win 5.
#Myth_3: "Many indicators = higher accuracy"
#The Truth:
- Conflicting indicators paralyze you, as market makers leave false traces to deceive you.
#The Solution:
- Learn to read price action + market structure first, then add one or two indicators as support, not as a leader.
#Myth_4: "Technical analysis alone is enough to profit"
#The Truth:
- 80% of losses are caused by fear, greed, or arrogance; there is no mistake in the strategy
#The Solution:
- Your psychological discipline is more important than any analysis, train your mind as you train your eyes on the chart.
Do not let social media myths waste your time and money, start your journey with a studied methodology.
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#Cryptocurrency_Trading #Golden_Tips #Myth_Busting
