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Apr 3
6.6 Mind Over Profits

 

I consider it fair enough to say that most of those who go in the forex trading the currency markets do so to earn money. No matter what their whole objective, is it to make a living from forex trading or to simply accumulate their wealth, a trader goes in this business for one major cause, that is to successfully make money.
As traders, we are independent to buy or sell in the forex trading and currency markets. This is an amazing amount of control and power that each and every trader possesses. What we can not control over is the forces that operate forex trading and currency market themselves. The currency market will do whatever it desires, and that part of the trading we have no control over it.
In order to succeed and gain from forex trading the currency markets needs that we do well what we can control. What we can control are our actions. To manage our actions well needs us to have strong positive mental attitude. An excellent forex trading technique is important, but the fact is that the best approach will not be successful if it is used by negative mind, and would lack confidence, disciple and concentration.
Our mind is far more powerful than anyone has every imagined. Over our small period of life, we have established a specific attitude that has influenced us since our childhood, such as feedback from our parents, school, teachers and friends. During this epoch, we have seen the world the way that no other person can possibly understand. Every experience is a vital part of our own self image, how we see ourselves. If we have a positive self image, this manifests itself in various positive stages of success.
Once Abraham Lincoln said, “Most folks are about as happy as they make up their minds to be” This is overwhelmingly true. There are several occasions when individuals met with disaster in their lives, whether it is an accident or illness, and they never let the deficiencies affect their cheerfulness and ability to cheer life on the other hand there are lots of people who let the minor setback to fill their life with depression.
Forex trading requires a trader to have a POSITIVE ATTITUDE. Even if all our previous experiences were not positive, our attitudes are incessantly in a state of interest for directives on how it should be from minute to minute. We have an internal voice that keeps on feeding our conscious and subconscious mind, and it is what we feed our mind from within that molds our attitude.
Developing a bad attitude about a number of things around us. We may not be positive about other people, our job, our car, our bills, and ourselves. And obviously, we can be also negative about our forex trading performances and aim to everything other than our attitude as the main difficulty and cause of failure.
If you are upset about your forex trading. contemplate that the reason is likely because of your attitude.
To be successful you need to adjust your attitude :
There is a belief that there is nothing one can do to adjust their attitude. It is due to their upbringing, or because of something else. This belief itself has been created from a negative attitude. The query is whether you want a better attitude, irrespective of why you believe your attitude is as it is now. If you WANT to be successful, you must WANT to develop your attitude. And you certainly can, if YOU WANT TO!
The mind can be trained even in opposite direction, no matter how long you been doing the other way around. When you stroll, you move your legs, hands and fingers, you do so without much effort on your conscious level. The cause for this is that you have already developed a HABIT of doing certain things and a HABIT don?t require much effort on a conscious level to perform a certain task. After repeatedly doing something for long period of time on a conscious level, soon it becomes HABIT and you have trained your mind. successfully.
Take the example of a typist. When a typist first learn how to type, it needs a great amount of consciousness on his part. He had to CONCENTRATE on where the keys were located, which finger too have to be used to it to locate the proper key, and what he was to type. Hours of regular practice and hard labor was required for a period of time, until he comes to a point in time that he does it require conscious effort but rather a subconscious one.
As I am typing this article now, I am not giving any effort in locating the keys. This is because i have been typing for 15 years, it is now a habit and part of my subconscious.
Another brilliant example is learning to play the Piano. A conscious effort was required for a certain period of time, but with great amount of intense practice. Hence, quickly that repetition becomes a habit and then a part of your subconscious mind. You can adore music of your typewriter?s key strokes instead of concentrating on where a particular key is placed.
The attitude can be trained to see things positively if we make a CENCERTED EFFORT to talk regarding POSITIVE things instead of negative. If we make a continuous effort to be definite that our internal voice speaks positive things about our current situation, just in case the people around us or our jobs, whatever, in time it becomes convenient to do so and then becomes a HABIT. Once something becomes a habit, it requires no effort and a part of us. It resides permanently in our subconscious mind.
Like any other kind of training, we require a plan as to what we can support our mind. Here are some directions to begin preparing your mind to have the RIGHT ATTITUDE TO SUCCEED.
1. You need to be eager about learning. If you want to do well in forex trading, you must learn to adore the activity involved. Ponder on each topic to learn in a positive light, as something that is going to aid your dream to become reality. Which leads to the subsequent idea?
2. Imagine your success story. Envision yourself where you want to be. Do you like to trade full time at home, or trade for a big company? Imagine yourself already achieved this in your mind. Feel the sounds and the spirits from inside as if you are there by this time. Do this everyday, many times a day. Although the awake mind is aware of what it really is, the unconscious mind only mindful of the information and experiences. It being fed. It cannot tell the difference. However , it is the portion of the brain we want to instruct as habits are stored there. Therefore, serve it what you desire to became a reality.
Feed it with a reality that you are a successful trader who has accomplished what he wanted. To aid you understand the power of mind is as powerful as I am explaining, try this test. Close your eyes imagine cutting a lemon in half. Envision the lemon juice that spray off the lemon and even hitting your face or hands. How you feel it? Specially when it gets in your eye? Envision the sting feeling? Now envision taking a bite of that lemon. Note how your mouth begins to pucker as it senses the sour taste of that lemon? However, you are only eating it in your imagination. It will do as you tell it to! Therefore feed it only with positive thoughts and see how your mind will reply in a brief period of time.
3 Remain focused on your objective. It aids to have an objective in the first place if you desire to be a success. A person with no objective is a person with no direction. Decide what is significant and WRITE IT DOWN. Then number of times every day pick up your objectives and read them. Practice this on regular basis. By practicing this you will better train your mind to find ways for you to successfully attain these objectives. Work on them day and night, even while you are asleep. You will be internally provided with answers on how to conquer hurdles that are keeping you away from success. Keep preoccupied on your objectives and priorities do not stray, and you will achieve your objective.
4. Never let the negativity from others affect you. If you are around negatively and find it is influencing you, go away from it. I have long time a go has developed my mind to believe that negative people are here to test the positive people, and that those positive people will gain more strength while knowing this. But you have to be careful as you know a solid rock cliff will slowly wear away with constant hit by sea waves. Stay away from continuous negativity. Gather positive people and positive items to read and act.
You have to be careful when applying these suggestions. REMAIN OPTIMISTIC Do NOT become dishearten. To become a good typist or pianist needs time, and this is applicable to everything. If you TRULY and HONESTLY wish to attain success in forex trading, then observe daily, another chance to learn at lest one new item of the currency markets, the methods obtainable, the process. Be POSITIVE concerning all the results from your learning, whether it come into view what you have learned is useful or not. Actually, even something that doesn’t work is a POSITIVE step in the appropriate way, as you become conscious of the do’s and don?ts that all successful businesses require to know.
Whatever the best forex trading rules and techniques, if we do not have the appropriate positive attitude, we will not succeed to execute the strategy appropriately. We will discover methods to be unsuccessful, as we have permitted our mind to lodge on failure and that is all it knows. So begin now if you have not developed that POSITIVE ATTITUDE . An I will see you in the success circle. .

I consider it fair enough to say that most of those who go in the forex trading the currency markets do so to earn money. No matter what their whole objective, is it to make a living from forex trading or to simply accumulate their wealth, a trader goes in this business for one major cause, that is to successfully make money.

As traders, we are independent to buy or sell in the forex trading and currency markets. This is an amazing amount of control and power that each and every trader possesses. What we can not control over is the forces that operate forex trading and currency market themselves. The currency market will do whatever it desires, and that part of the trading we have no control over it.

In order to succeed and gain from forex trading the currency markets needs that we do well what we can control. What we can control are our actions. To manage our actions well needs us to have strong positive mental attitude. An excellent forex trading technique is important, but the fact is that the best approach will not be successful if it is used by negative mind, and would lack confidence, disciple and concentration.

Our mind is far more powerful than anyone has every imagined. Over our small period of life, we have established a specific attitude that has influenced us since our childhood, such as feedback from our parents, school, teachers and friends. During this epoch, we have seen the world the way that no other person can possibly understand. Every experience is a vital part of our own self image, how we see ourselves. If we have a positive self image, this manifests itself in various positive stages of success.

Once Abraham Lincoln said, “Most folks are about as happy as they make up their minds to be” This is overwhelmingly true. There are several occasions when individuals met with disaster in their lives, whether it is an accident or illness, and they never let the deficiencies affect their cheerfulness and ability to cheer life on the other hand there are lots of people who let the minor setback to fill their life with depression.

Forex trading requires a trader to have a POSITIVE ATTITUDE. Even if all our previous experiences were not positive, our attitudes are incessantly in a state of interest for directives on how it should be from minute to minute. We have an internal voice that keeps on feeding our conscious and subconscious mind, and it is what we feed our mind from within that molds our attitude.

Developing a bad attitude about a number of things around us. We may not be positive about other people, our job, our car, our bills, and ourselves. And obviously, we can be also negative about our forex trading performances and aim to everything other than our attitude as the main difficulty and cause of failure.

If you are upset about your forex trading. contemplate that the reason is likely because of your attitude.

To be successful you need to adjust your attitude :

There is a belief that there is nothing one can do to adjust their attitude. It is due to their upbringing, or because of something else. This belief itself has been created from a negative attitude. The query is whether you want a better attitude, irrespective of why you believe your attitude is as it is now. If you WANT to be successful, you must WANT to develop your attitude. And you certainly can, if YOU WANT TO!

The mind can be trained even in opposite direction, no matter how long you been doing the other way around. When you stroll, you move your legs, hands and fingers, you do so without much effort on your conscious level. The cause for this is that you have already developed a HABIT of doing certain things and a HABIT don?t require much effort on a conscious level to perform a certain task. After repeatedly doing something for long period of time on a conscious level, soon it becomes HABIT and you have trained your mind. successfully.

Take the example of a typist. When a typist first learn how to type, it needs a great amount of consciousness on his part. He had to CONCENTRATE on where the keys were located, which finger too have to be used to it to locate the proper key, and what he was to type. Hours of regular practice and hard labor was required for a period of time, until he comes to a point in time that he does it require conscious effort but rather a subconscious one.

As I am typing this article now, I am not giving any effort in locating the keys. This is because i have been typing for 15 years, it is now a habit and part of my subconscious.

Another brilliant example is learning to play the Piano. A conscious effort was required for a certain period of time, but with great amount of intense practice. Hence, quickly that repetition becomes a habit and then a part of your subconscious mind. You can adore music of your typewriter?s key strokes instead of concentrating on where a particular key is placed.

The attitude can be trained to see things positively if we make a CENCERTED EFFORT to talk regarding POSITIVE things instead of negative. If we make a continuous effort to be definite that our internal voice speaks positive things about our current situation, just in case the people around us or our jobs, whatever, in time it becomes convenient to do so and then becomes a HABIT. Once something becomes a habit, it requires no effort and a part of us. It resides permanently in our subconscious mind.

Like any other kind of training, we require a plan as to what we can support our mind. Here are some directions to begin preparing your mind to have the RIGHT ATTITUDE TO SUCCEED.

 

1. You need to be eager about learning. If you want to do well in forex trading, you must learn to adore the activity involved. Ponder on each topic to learn in a positive light, as something that is going to aid your dream to become reality. Which leads to the subsequent idea?

 

2. Imagine your success story. Envision yourself where you want to be. Do you like to trade full time at home, or trade for a big company? Imagine yourself already achieved this in your mind. Feel the sounds and the spirits from inside as if you are there by this time. Do this everyday, many times a day. Although the awake mind is aware of what it really is, the unconscious mind only mindful of the information and experiences. It being fed. It cannot tell the difference. However , it is the portion of the brain we want to instruct as habits are stored there. Therefore, serve it what you desire to became a reality.

Feed it with a reality that you are a successful trader who has accomplished what he wanted. To aid you understand the power of mind is as powerful as I am explaining, try this test. Close your eyes imagine cutting a lemon in half. Envision the lemon juice that spray off the lemon and even hitting your face or hands. How you feel it? Specially when it gets in your eye? Envision the sting feeling? Now envision taking a bite of that lemon. Note how your mouth begins to pucker as it senses the sour taste of that lemon? However, you are only eating it in your imagination. It will do as you tell it to! Therefore feed it only with positive thoughts and see how your mind will reply in a brief period of time.

3. Remain focused on your objective. It aids to have an objective in the first place if you desire to be a success. A person with no objective is a person with no direction. Decide what is significant and WRITE IT DOWN. Then number of times every day pick up your objectives and read them. Practice this on regular basis. By practicing this you will better train your mind to find ways for you to successfully attain these objectives. Work on them day and night, even while you are asleep. You will be internally provided with answers on how to conquer hurdles that are keeping you away from success. Keep preoccupied on your objectives and priorities do not stray, and you will achieve your objective.

4. Never let the negativity from others affect you. If you are around negatively and find it is influencing you, go away from it. I have long time a go has developed my mind to believe that negative people are here to test the positive people, and that those positive people will gain more strength while knowing this. But you have to be careful as you know a solid rock cliff will slowly wear away with constant hit by sea waves. Stay away from continuous negativity. Gather positive people and positive items to read and act.

You have to be careful when applying these suggestions. REMAIN OPTIMISTIC Do NOT become dishearten. To become a good typist or pianist needs time, and this is applicable to everything. If you TRULY and HONESTLY wish to attain success in forex trading, then observe daily, another chance to learn at lest one new item of the currency markets, the methods obtainable, the process. Be POSITIVE concerning all the results from your learning, whether it come into view what you have learned is useful or not. Actually, even something that doesn’t work is a POSITIVE step in the appropriate way, as you become conscious of the do’s and don?ts that all successful businesses require to know.

Whatever the best forex trading rules and techniques, if we do not have the appropriate positive attitude, we will not succeed to execute the strategy appropriately. We will discover methods to be unsuccessful, as we have permitted our mind to lodge on failure and that is all it knows. So begin now if you have not developed that POSITIVE ATTITUDE . An I will see you in the success circle. .

 

 


 

Emotional & Behavioral Part

 

6.1 Trading Psychology

6.2 Trading Like A Pro

6.3 Psychology Of The Market

6.4 The Psychology Of Individual

6.5 Keep A Cool Head

6.6 Mind Over Profits

6.7 The Battle Against Human Nature

6.8 Face the Truth of Forex Trading

6.9 Overcome The Barriers Of Trading

6.10 Expectations Vs Reality In Trading

 


Forex Education

 

The Basics of Currency Forex Trading

Technical Analysis

Technical Indicators

Fundamental Analysis

Intraday Trading

Emotional & Behavioral Part

Risk & Money Management

Trading Guide