[Forex Trading Advice] The #1 Trading Rule I Got From Jesse Livermore

835 views · Published 20 June 2016 · 2:27 · Indexed 21 September 2026

Channel: Etienne Crete - Desire To TRADE · 2016 · Education

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[Forex Trading Advice] The #1 Trading Rule From Jesse Livermore You Should Follow

In Forex trading or any other type of trading, successful traders set rules for themselves. Those trading rules are guidelines to show them what they should do or not do.

Over the past 3 years of Forex trading, I have developed rules for myself. One of them, which I took from Jesse Livermore is particularly interesting.

The rule says: "wishful thinking should be banished". Whenever you are in a trade, you shouldn't be wishing or expecting anything. Wishful thinking will only lead you to more losses and a feeling that you must be right to succeed in trading.


If you truly want to succeed in Forex trading, 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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