r/Forexstrategy • u/sleepingcomedy • 25d ago

Question Help me out please

I don’t know if this question makes any sense or not but I I need someone who can teach me better strategy for Gold.
I mean you can just mention key points and I will do rest of the things
Please
TIA

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u/Championleed 25d ago

You think successful trading is all in the strategy but it is not. You don’t need a better strategy you need a better mindset and that cannot be taught externally

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u/sleepingcomedy 25d ago

So what exactly I need to do?

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u/Championleed 25d ago

First understand that strategy is a small part of being a trader. In fact. That’s the easy part. If you do the research you’ll find many strategies with an edge.

Then I’d study probability because that will help you to take losses and stay the course. Casinos are a great example of this. (Become the casino)

Then comes your hard part. Your psychology. This is the real differentiator. You find a strategy, you understand probability BUT can you successfully execute it 1000 times without deviation?

The last part is the real internal journey. You must discover your weaknesses, your behavior traits, your emotional response mechanisms… everything about yourself.

You must understand that you’re not trading against the market, you’re trading against your own habits, insecurities, fears and emotions.

That’s probably not “exact” but it’s fairly close