Forex rate on desktop - BinarybinderyCom
Forex rate on desktop

The Authority’ on Price Action Trading. In 2016, Nial won the Million Forex rate on desktop Trader Competition. In fact, it is quite common for people to swim with these animals for days or even weeks without any sign of aggression, until one day somebody goes swimming, fishing or even walking, and they never return.

Dinosaur times because their method of hunting and adapting is so successful. We are without doubt predators, not just trading predators, but as humans we are naturally built and function as hunters. A LOT of protein in his diet to survive, to swim and to hunt. Is his energy best spent going around all day eating little bait fish which are easy to catch?

Imagine how much energy he would expend trying to catch a high quantity of low-quality prey like that all day. This phrase is merely discussing the merits of being patient, possibly frugal, disciplined and well planned, but its implications are profound and very true for both the crocodile and the trader. It may shock some of you to know that nowadays I may trade only 3 times per week or even less some weeks. I don’t blame you for thinking that way and it’s easy to think that way with most mainstream Forex websites pumping day trading and high frequency trading. For definitions sake I would refer to myself as a swing trader and a trend follower.

I attempt to capture the larger moves that occur over multiple trading sessions or possibly multiple days or weeks. In this way, I am very much analogous to a crocodile in my trading, in fact I might even buy a picture of a crocodile and hang it up in my trading office to remind me of how successful a predator the crocodile has been throughout history and most importantly, why it is so successful. Crocs have a high strike-rate It’s fairly safe to say that if a croc gets its jaws around its prey, the prey is not getting away. As traders, waiting and being patient can increase your strike rate. Similarly, not taking on more risk than is necessary as well as learning quickly are two very important keys to becoming a successful Forex trader. I have said many times before that risk management is KEY to becoming a profitable trader.

Some traders don’t learn quickly like crocs do, instead they repeat the same mistakes over and over until they blow out their trading account. As traders, we need to learn from our mistakes, and fast, because money is on the line. Conserving energy for the next kill The crocodile waits for the big meal because it makes more sense to wait and conserve energy by eating a large chunk of protein less often. The croc conserves energy and time by eating this way and it also is one of the main things that have ensured the survival of crocodiles over hundreds of millions of years during many periods when food was scarce. If you think about not interfering with your trades as helping to make you money, it might make it easier to do. A crocodile would probably eat less food overall if it was constantly running around trying to find small prey, the crocodile intuitively knows that by being patient and disciplined it has a better chance at getting a higher-quality meal.

Crocodiles are highly adaptable Crocodiles learn quickly and adapt to changes in their situation. This is a large part of how and why they have survived for millions of years whilst many other animals have become extinct during that same time. It’s clear that the crocodile’s ability to adapt to its environment and to changing situations is one of the reasons it has survived and thrived for millions of years. One of the beautiful things about price action trading analysis is that it’s an inherently adaptable trading strategy. It’s almost funny that it’s taken me until now to write an article on what traders can learn from crocodiles considering I live in Australia where crocs are world-famous and plentiful.

Furthermore, almost every behavior of a crocodile directly parallels what it takes to be a successful trader, the similarities are almost uncanny. It’s critical for the crocodile to understand its prey and to know where to look for it and remain calm and patient until it arrives. As traders, we have to know what our trading edge looks like and where to look for it and then control ourselves enough to not over-trade before it arrives. I read much of Nial’s ways of trading and practiced them . I built a good account slowly. Just then I met a trader who got me in to sculping for one year. To tell you guys the truth,I got myself more problems,got my eyesight messed up,my trading confidence went down,quit trading for a while.

Came back,asked myself what mistakes i made in my trading and I decided to follow price action religiously. Hey Nial, I’m so thankful for this article. For that matter, I will also look for a best croc picture, post it in my room soon. One of the best articles I’ve read regarding trading. Gives you an entirely different perspective on trading. Frankly speaking dont see myself as a crocodile. Would rather say as a sparrow which comes, takes its crumbs and is off again.

For this no need of high frequency trading and waiting for perfect setups. Agree that looks like gambling but I am not greedy. Billion of books related to trading one side and this croc concept one side. Lovely concept on trading like a croc. I seek to learn in my life as a Forex trader. Amazing Forex Lesson, Amazing Life Lesson. It’s a very good strategy in forex .