Many traders believe they’re better than average — a cognitive bias known as overconfidence. This leads to excessive risk-taking, overtrading, and ignoring risk management rules. Ironically, the more successful a trader becomes, the more vulnerable they are to this bias.

I am so sorry I will not be able to live stream trading the morning of the 25th. I have a family emergency and can’t make it. I will be back the 26th. I apologize for the inconvenience and appreciate your understanding.

1. Overtrading is common among beginners — Many believe more trades = more profit. It’s usually the opposite. 2. Loss aversion is real — Traders feel the pain of losses more than the joy of gains (behavioral finance concept). 3. The Dunning-Kruger effect hits new traders hard** — Overconfidence is common in early stages of learning. 4. Discipline beats talent — Sticking to a plan is more powerful than trying to predict markets. 5. FOMO (Fear of Missing Out) leads to poor entries — Jumping into trades late often ends in loss.

📈 The foreign exchange (forex) market is the largest and most liquid financial market in the world. Every day, over $7.5 trillion (yes, trillion) is traded on forex markets—more than the stock markets of the U.S., Europe, and Asia combined. It operates 24 hours a day, five days a week, because it's a global market with major trading hubs in London, New York, Tokyo, and Sydney. So while most people are asleep, traders on the other side of the world are still making moves.

This video is key to helping you understanding the market movement. Must Watch!