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Powerful Universal Principle Of Successful Forex Trading
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In this Forex trading vlog, I share one of the universal principles of successful Forex trading. Vlog #222.

The content of this video was inspired by the book The Universal Principles Of Successful Trading (Brent Penfold): http://amzn.to/2hW9gV9

I go more in-depth on The Universal Principles Of Successful Trading in my interview with Brent Penfold. However, I highlighted a sentence with a HUGE meaning the first time I read the book.

That sentence says: "Adjustable parameters produce adjustable outcomes."

In trading, like in several other disciplines, the most consistent person wins. If you keep adjusting your trading strategy, you'll probably never get to see consistent trading results.

Consistency comes first in your actions and (fairly) consistent results from the market come second.

That is not to say that you have to stick to the same strategy for the next 50 years. One of the traits of highly successful traders is adaptability. The trader who can adapt to various market conditions will always come out ahead.

However, you can't expect to be a consistent Forex trader if you have a very subjective parameter in your trading strategy that is influenced by your mood, emotions, etc.

Your challenge? Try to be consistent in everything you do for a month. Then, re-evaluate to see what needs to be improved.

Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj

// About Me
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

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// All Products Used In This Video
Sony a5000: http://amzn.to/2sbMO11
Joby GorillaPod: http://amzn.to/2r0xqQo
Editing software: Final Cut Pro (Mac)

AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).

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