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Apr 3
5.7 Focus Our Profits

 

There are numerous forex trading markets that can be chosen for trade. There are many methods one can adapt to trade with all these different forex trading markets. There are trade openings amid these many forex trading markets in which to utilize from.
Focus:
1. A center of interest or activity:
2. To produce a clear image of:
Do you have a crystal clear image in your mind about the forex trading markets you are trading, or are they blurry? Do you come up to each of your forex trading analysis and trades using the same way, or tend to address each trade from a different angle? Do you later forget the real reason behind your trade?
How you going to answer these questions regarding to the forex trading problem in focus. If you are not able to outline the reasons within your mind, how you going to plan and manage the trade and how to plan an exit strategy, if not then you are not focused to forex trading and vulnerable to failure.
Focusing forex trading is your goals setting. When you place something as your “center of interest”, you will be taking steps in the direction of creating that “interest” work for you. The “interest” or “activity”is “clear” in your mind and each step needs to go for your goals is pretty renewed in your mind. However, if you want to direct your concentration to various different forex trading approaches, your later action is not as obvious as you are not as focused in forex trading. Not clear about anything can lead to irresolution and unsuitable action.
As an instructor of forex trading. I completely understand the dangers of losing focus. As a trader in 1990’s my focus was on my own forex trading. There were only few forex trading markets that I use to trade almost exclusively. If you come to meet me while shopping or at a restaurant and question me about those forex trading markets, I could inform you about what they did, what are they doing, and what they were expected to do in the coming future. Ask me about any other forex trading market and I simply would not have any explanation. No need to say, profits were pretty easy for me by focusing on these two forex trading markets because each step was very clear in my mind.
As my forex trading was so effective, in time I started to share my experience with other and a business was born. On the other hand, as others do not essentially share my wish to trade the same two forex trading markets, it became essential for me that I performed my timing magic on many forex trading markets. Today, I deal with about 20 forex trading markets for hundreds of individuals. My concentration turned from trading two forex trading markets to examining 20. In other words, my attention has turned into not concentrating at all!
I have devoted a fair amount of time and effort to put myself according to the situation. But the situation does not do me any favor to concentrate myself to only two forex trading markets like in the past its merits and benefits for profits, fortunately I have been able to get back some of the benefits of focusing by utilizing an easy method of making a notebook to only cover the forex trading market I desire to trade. I will go into much detail later on.
While daily dealing with the needs of my several traders, I soon realize that my personal trading need to be at the back seat. But I continue to trade, I became obvious to me that some of the advantage was no longer with me. It is not important that my timing has never been as sharper as it is today. To lose my concentration on the forex trading market you are trading can and will effect less than spectacular outcomes, or losses that then could have been prevented if your mind was completely meet with the actions need to manage it. Professional trades cant afford to lose concentration on their income trades. New and inexperienced trader cannot afford to ignore the importance of concentration period.
LEARN TO FOCUS :
I cannot accentuate more on how imperative focusing is on trading. if you are bouncing from one forex trading market to another searching for the next chance and find yourself unsuccessful. You may quickly doubt your technique of trading. A bad technique would not hold you back, in order to understand your trading problems as a technique problem when in fact is a focusing problem keep you rolling for months to come. If you actually need to know where the problem lies, it is best you focus on one forex trading market first unit you are effectively amass profits from it.
To learn to focus first requirement is to narrow your “center of interest”.
To accomplish this is to simply select your favorite forex trading market that would provide you with some low risk trade chances while you are ironing out your approach. The forex trading market you choose to focus on is up to you. Look them all over very thoroughly before selecting. When you finally decide on single forex trading market, make your objective to consider no other forex trading market. By losing the focus you will lose your advantage you are trying to accomplish.
Take a fresh notebook and mark it for trading that single forex trading market alone. For instance it is the T Bond forex trading market you have chosen. On the front of your notebook, write ?FOCUS ON BONDS? in big letters. Keep it available for you all the time. If you feel something else you can do that can make you focus on this forex trading market alone. After several months of seeing many different forex trading markets for my clients, it became evident to me that I will probably not have the same intelligence for my former tow trade forex trading markets as I once said did while trading alone. But, I have regained since then an effective measure of that advantage while deciding that one forex trading market will get my powerful attention. This was by means of creating a notebook and marking it as recommended above. Now here are some other things I have meanwhile doing to enhance my focus even further.
Many acquire there price information electronically and create diagrams using software on our computers, due to the business I m in, there is no other way I can be without this. But for the single forex trading market I have chosen to “focus” on, I also sketch my charts by hand using graph paper and a pencil. While drawing charts by hand using pencil and paper, you need to be more in tune with that forex trading market. When you carved out each movements with your hands. While the forex trading market shifted up, so did your hands in constructing this movement on paper. You will be astonished at how much focused you have become in such a short phase of time to this forex trading market. Soon you will find out why you are losing and why you are winning.
The kind of char you like to draw is up to you. I prefer to sketch a chart for the weekly and daily time frames. Each day, either I have a trade or not but still I prefer to sketch my charts. on these charts I can make hand written notes as to what I anticipate to occur, where I believe real support or conflict areas, plot trend lines, and other beneficial jobs.
From my knowledge and experience, I can describe that these methods actually aid you to concentrate. It is helpful to keep in your mind that, when there is a trade and where there are none, it permits me personally to do other things on days I understand no trade is on hand on that particular forex trading market. I cover 20 forex trading markets everyday that provides me with a lot of trading opportunities while trading for my clients each week. Today I will not consider any of them until it occurs to be the forex trading market I have selected to concentrate on. You have to understand that one forex trading market alone will make you a lot of money every year if you learn to focus on it and endure. One of the most difficult to understand is that forex trading market X is going to make a good trade move while you are certain about the trade forex trading market Y. The force will be very strong, so you have to resolve within yourself never to give up.
By now you would have find out that focusing on one forex trading market is for those who are not using conserved systems that let trading several forex trading markets same time. Clearly if a system needs several forex trading markets to keep it floating, focusing is not a necessity. On the other hand, if you are like many traders who arrange and outline their trades using judgment, in place of a automated way, and you find triumph fleeting, and then concentrating on a single forex trading market is probably what you really require.
Lastly, when you concentrate on a single forex trading market only, you can observe your method to trading more closely. You will soon be able to find out that an approach you are using is useful on that particular forex trading market or not. You will work out a sense what that forex trading market is likely to do, where stop losses are finest placed, and the type of profits you can anticipate for a given time phase. Having in tune with a single forex trading market will give you with excellent vision that normally can?t be acquired by spreading your interest across many forex trading markets.
As I concluded this article, I become aware that the forex trading market I have selected to concentrate on has closed and it is time for me to take out my pencil and notebook and up to date my hand sketched diagrams and take notes. I discovered that a tradable pattern is now emerging on my paper charts and I realize that soon another good trade will be there for me.
Determine to focus on a single forex trading market. Make that notebook and clearly label what its objective is on the cover. Each day open it and up to date the paper charts you are sketching by hand. Note down your thoughts on the forex trading market every day, either you are presently in a trade or not. Shortly you will find out a peace within your favorite forex trading market. Soon you will be specialist on the forex trading market. People will stop you while you are on the street ask you about that specific forex trading market and you will be able to explain them in a clear and focused information that what it is doing at that specific phase of time. Soon you will realize that the technique you are employing is trustworthy or not, and can focus on refining that feature of your trading without complicating the outcome of forex trading markets.
Successfully trading for many of us will begin by learning how to focus in forex trading market.

There are numerous forex trading markets that can be chosen for trade. There are many methods one can adapt to trade with all these different forex trading markets. There are trade openings amid these many forex trading markets in which to utilize from.

Focus:

1. A center of interest or activity:

2. To produce a clear image of:

Do you have a crystal clear image in your mind about the forex trading markets you are trading, or are they blurry? Do you come up to each of your forex trading analysis and trades using the same way, or tend to address each trade from a different angle? Do you later forget the real reason behind your trade?

How you going to answer these questions regarding to the forex trading problem in focus. If you are not able to outline the reasons within your mind, how you going to plan and manage the trade and how to plan an exit strategy, if not then you are not focused to forex trading and vulnerable to failure.

Focusing forex trading is your goals setting. When you place something as your “center of interest”, you will be taking steps in the direction of creating that “interest” work for you. The “interest” or “activity”is “clear” in your mind and each step needs to go for your goals is pretty renewed in your mind. However, if you want to direct your concentration to various different forex trading approaches, your later action is not as obvious as you are not as focused in forex trading. Not clear about anything can lead to irresolution and unsuitable action.

As an instructor of forex trading. I completely understand the dangers of losing focus. As a trader in 1990’s my focus was on my own forex trading. There were only few forex trading markets that I use to trade almost exclusively. If you come to meet me while shopping or at a restaurant and question me about those forex trading markets, I could inform you about what they did, what are they doing, and what they were expected to do in the coming future. Ask me about any other forex trading market and I simply would not have any explanation. No need to say, profits were pretty easy for me by focusing on these two forex trading markets because each step was very clear in my mind.

As my forex trading was so effective, in time I started to share my experience with other and a business was born. On the other hand, as others do not essentially share my wish to trade the same two forex trading markets, it became essential for me that I performed my timing magic on many forex trading markets. Today, I deal with about 20 forex trading markets for hundreds of individuals. My concentration turned from trading two forex trading markets to examining 20. In other words, my attention has turned into not concentrating at all!

I have devoted a fair amount of time and effort to put myself according to the situation. But the situation does not do me any favor to concentrate myself to only two forex trading markets like in the past its merits and benefits for profits, fortunately I have been able to get back some of the benefits of focusing by utilizing an easy method of making a notebook to only cover the forex trading market I desire to trade. I will go into much detail later on.

While daily dealing with the needs of my several traders, I soon realize that my personal trading need to be at the back seat. But I continue to trade, I became obvious to me that some of the advantage was no longer with me. It is not important that my timing has never been as sharper as it is today. To lose my concentration on the forex trading market you are trading can and will effect less than spectacular outcomes, or losses that then could have been prevented if your mind was completely meet with the actions need to manage it. Professional trades cant afford to lose concentration on their income trades. New and inexperienced trader cannot afford to ignore the importance of concentration period.

 

LEARN TO FOCUS :

I cannot accentuate more on how imperative focusing is on trading. if you are bouncing from one forex trading market to another searching for the next chance and find yourself unsuccessful. You may quickly doubt your technique of trading. A bad technique would not hold you back, in order to understand your trading problems as a technique problem when in fact is a focusing problem keep you rolling for months to come. If you actually need to know where the problem lies, it is best you focus on one forex trading market first unit you are effectively amass profits from it.

To learn to focus first requirement is to narrow your “center of interest”.

To accomplish this is to simply select your favorite forex trading market that would provide you with some low risk trade chances while you are ironing out your approach. The forex trading market you choose to focus on is up to you. Look them all over very thoroughly before selecting. When you finally decide on single forex trading market, make your objective to consider no other forex trading market. By losing the focus you will lose your advantage you are trying to accomplish.

Take a fresh notebook and mark it for trading that single forex trading market alone. For instance it is the T Bond forex trading market you have chosen. On the front of your notebook, write ?FOCUS ON BONDS? in big letters. Keep it available for you all the time. If you feel something else you can do that can make you focus on this forex trading market alone. After several months of seeing many different forex trading markets for my clients, it became evident to me that I will probably not have the same intelligence for my former tow trade forex trading markets as I once said did while trading alone. But, I have regained since then an effective measure of that advantage while deciding that one forex trading market will get my powerful attention. This was by means of creating a notebook and marking it as recommended above. Now here are some other things I have meanwhile doing to enhance my focus even further.

Many acquire there price information electronically and create diagrams using software on our computers, due to the business I m in, there is no other way I can be without this. But for the single forex trading market I have chosen to “focus” on, I also sketch my charts by hand using graph paper and a pencil. While drawing charts by hand using pencil and paper, you need to be more in tune with that forex trading market. When you carved out each movements with your hands. While the forex trading market shifted up, so did your hands in constructing this movement on paper. You will be astonished at how much focused you have become in such a short phase of time to this forex trading market. Soon you will find out why you are losing and why you are winning.

The kind of char you like to draw is up to you. I prefer to sketch a chart for the weekly and daily time frames. Each day, either I have a trade or not but still I prefer to sketch my charts. on these charts I can make hand written notes as to what I anticipate to occur, where I believe real support or conflict areas, plot trend lines, and other beneficial jobs.

From my knowledge and experience, I can describe that these methods actually aid you to concentrate. It is helpful to keep in your mind that, when there is a trade and where there are none, it permits me personally to do other things on days I understand no trade is on hand on that particular forex trading market. I cover 20 forex trading markets everyday that provides me with a lot of trading opportunities while trading for my clients each week. Today I will not consider any of them until it occurs to be the forex trading market I have selected to concentrate on. You have to understand that one forex trading market alone will make you a lot of money every year if you learn to focus on it and endure. One of the most difficult to understand is that forex trading market X is going to make a good trade move while you are certain about the trade forex trading market Y. The force will be very strong, so you have to resolve within yourself never to give up.

By now you would have find out that focusing on one forex trading market is for those who are not using conserved systems that let trading several forex trading markets same time. Clearly if a system needs several forex trading markets to keep it floating, focusing is not a necessity. On the other hand, if you are like many traders who arrange and outline their trades using judgment, in place of a automated way, and you find triumph fleeting, and then concentrating on a single forex trading market is probably what you really require.

Lastly, when you concentrate on a single forex trading market only, you can observe your method to trading more closely. You will soon be able to find out that an approach you are using is useful on that particular forex trading market or not. You will work out a sense what that forex trading market is likely to do, where stop losses are finest placed, and the type of profits you can anticipate for a given time phase. Having in tune with a single forex trading market will give you with excellent vision that normally can?t be acquired by spreading your interest across many forex trading markets.

As I concluded this article, I become aware that the forex trading market I have selected to concentrate on has closed and it is time for me to take out my pencil and notebook and up to date my hand sketched diagrams and take notes. I discovered that a tradable pattern is now emerging on my paper charts and I realize that soon another good trade will be there for me.

Determine to focus on a single forex trading market. Make that notebook and clearly label what its objective is on the cover. Each day open it and up to date the paper charts you are sketching by hand. Note down your thoughts on the forex trading market every day, either you are presently in a trade or not. Shortly you will find out a peace within your favorite forex trading market. Soon you will be specialist on the forex trading market. People will stop you while you are on the street ask you about that specific forex trading market and you will be able to explain them in a clear and focused information that what it is doing at that specific phase of time. Soon you will realize that the technique you are employing is trustworthy or not, and can focus on refining that feature of your trading without complicating the outcome of forex trading markets.

Successfully trading for many of us will begin by learning how to focus in forex trading market.

 


Intraday Trading

 

5.1 Breakout Trading

5.2 Short Term Vs Long Term Trading

5.3 Putting Intraday Trading Into Prospective

5.4 How To Use Cot Data

5.5 Random Dates Vs Cycle Dates

5.6 Markets Runs

5.7 Focus Our Profits

5.8 To Exit Or Not To Exit

 


Forex Education

 

The Basics of Currency Forex Trading

Technical Analysis

Technical Indicators

Fundamental Analysis

Intraday Trading

Emotional & Behavioral Part

Risk & Money Management

Trading Guide