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Apr 3
6.8 Face The Truth Of Trading

 

While facing the truth of forex trading there are few questions to be asked.
1- What is the truth about the forex trading?
2- Is forex trading the secret of earning big money?
3- Is it that you must join some secret cult of forex trading to be successful?
4- To trade well, is it necessary to know the fundamentals of forex trading ? Perhaps it is finding out that one signal that
will tell you where every turn will take place before it does.
In fact, it is neither of the above. It is not often mentioned by most of the traders today, until now it has been talked about by many. Majority of the traders actually don’t want to hear this truth and keep on to manage inappropriately.
The real “Truth of Forex trading” is this: To do well in the business of forex trading needs an ADJUSTMENT IN BEHAVIOR .
Therefore, majority of traders, inexperienced and not so inexperienced, go for the easy route, anticipating the forex trading market to behave in a easy manner. Even though the forex trading markets do operate in a easy manner, (comparatively), but it frequently not what many think to be easy. Yet this supposition keeps on from one bad trade to another. They observe a forex trading chart, see a pattern, and then say to themselves, ah, this looks like a long to me and jump in with a buy order of some kind. When in the trade the forex trading market then display to the trade that his suppositions were wrong, and then moves downward.
The ADJUSTMENT IN BAHAVIOR required here is PROPER PREPARATION. Some thing requires to be done, not only in defining when and where to go in but ALSO where to leave.
Have you ever been in a trade where it started to contradict you, but in place of leaving and taking a small loss, you wait as you are not confident where to get out? Have you seen prices shift against you, while it is, you ask yourself, “if it goes below this price, it probably will go lower” but then you don’t leave when it does go lower that price as of contradictory doubt in your mind?”
Clearly, a modification in this behavior is extremely required. And a cure for this is the PROPER PREPARATION. If you believe that a specific forex trading market was going to go up, you should have had some cause to believe this. If you used some kind of standard to explain this, then that same standard should explain to you that the forex trading market will shift up, such as, the present bottom is higher than a moving average, previous hold up price, or other reference, then would not be rational to suppose that if value ended up violating this standard at some point that it would indicate a departure from the trade?
Now you write down that why believe that you would go long and go in instructions. Track that where you feel this standard will no more be valid and decide if you have the ability to handle that amount of danger if it does not succeed. if this is the case, then make a note where price would have to go to explain to you that you were in mistake BEFORE you go in the trade, and make certain that you know it earlier where post security. If you can be confident to place a differing order to leave the trade to stay away from a possible opposing move.
PROPER PREPARATION would aid you to make self analysis of your forex trading options. If you take the time to get ready for both your going in and leaving, you will have it in open mind what you are doing and what the outcomes are. This will aid in building modifications as well.
One more TRUTH concerning successful forex trading that is frequently ignored by many trades is that of TAKING CARE OF YOUR WEL BEING. A procedure should be followed daily that includes exercises and dress before forex trading. it has been advised by many experienced traders that if it wasn’t for their routine not to wake up same time every day than at least exercise for 15 to 20 minutes, shower and dress well before going to their forex trading desk, they still would be in the same routine as they once were.
It is not good that many with such a advise is a time waste. Obviously, to change ones behavior for improvement require the person to make necessary changes on their own. No one will do this for you. If you are reading this article as you require to enhance your forex trading, and you presently awake whenever, hurry to shower and dress up and invest no time to sharpen your mind exercise, you probably have left behind few good brain cells that are still asleep that could have aid you to entice the start on this trade. Don146;t ignore what you believe are small things. If you are not getting it done in forex trading, it is the little things that you are exiting out that is aching you.
Be positive about caring your body by eating healthy food. Exercise and balanced diet is of utmost importance for success. It keeps you sharp and always on your toes. Lets you to sit up conscious during forex trading hours and ready time in place of going through the motions as if you are in a smog. Have you ever been in a trade while feeling tired. You start to speculate if you wait or take profits, but your mind isn’t unobstructed and you are feeling weakened forex trading is like driving in two lanes with fast traffic moving both ways. If you begin to lose focus, you can very conveniently lose your life. The rapid forex trading markets needs you to be sharp and attentive. It will also aid you to follow plan even without twice guessing it.
One more significant TRUTH concerning forex trading has to do with your subliminal mind. Few traders, no matter how knowledgeable they are concerning behavior of the forex trading market or how accurate they are in timing, may have the propensity to self disruption. The subliminal mind is a very strong object that can labor for you or against you. Essentially, it functions on suggestions that are directly or indirectly fed to it. If you are inclined to surround yourself with bad people, or bad thought, never anticipate your subliminal mind to be resistant from its influence. In fact, it will influence everything you do, plus forex trading pessimism.
It is of utmost importance that you take this TRUTH concerning forex trading (or something else) quite seriously. When seeing television, do you tend to see movies and broadcasts that contain bad news, miserable happenings, violence and rudeness? If yes, then you are feeding your subliminal mind with the inappropriate kind of information. Are you inclined towards reading mostly useless fiction or non fiction or anti social behavior? If yes, then you are feeding your subliminal mind with bad energy.
Majority will make fun at this TRUTH, and however will keep on to fail at what they want to attain. Or may be they have attained up to some degree, but keep on to fall short of their objective. Any way, this is not a funny matter, and taking an off handed manner near this strong force inside you will keep on to be your undoing.
While watching television always watch healthy broadcasts. The occasional other programs is okay as long as you balance them with mind improving broadcasts, like found mostly in discovery and national geographic broadcasts. Such broadcasts not only make you a intelligent person but also your subliminal mind will be more accessible to successful attempts of finding and adventure, that which forex trading is surely a part of it. Like eating junk food will soon cause your health to soon fail, it is same with your mind, like feeding your mind with junk information will soon train your subliminal mind negatively and influence your whole performance in many facets of life, forex trading is included.
Develop your habit of reading forex trading books and see knowledgeable broadcasts. While not reading forex trading books, read other books of knowledgeable material. You don’t have to give up your favorite Star Wars novels. But don?t let the bad broadcasts ruin your mind. Whatever you desire your mind to be, but be certain you train it adequately. I wish to add just one more thing. Some may argue that if they give their mind 75% positive material and 25% negative, they believe in this case they will end up ahead of others in the game. Never count on that as it only takes a few bad things to devastate a lot of positive things. How? The answer is to imagine this.
While you are having a good day with your family at the beach. As the day ends and now you are feeling great, you decide to go home now. On the route to home, someone comes in front of your vehicle and you are forced to brake. You get sad by this incident, and it tend to go down all your good feeling you had at the beach picnic. Here it took you whole day for good feeling, and just few seconds ruined all the good feelings you had. It shows one should never underestimate the power of negative material and association. “Make no mistake: Bad company is the ruin of a good character&rdquo.
All the TRUTHS must be faced up to. To avoid any one of them could be the difference between having success or continuous failure. You have the choice to decide what is good for you. Plan to face these truths head on and make necessary ADJSUTMENTS IN BEHAVIOR. The truth of forex trading. Forex traders do business from adjustment of behavior and proper training.

While facing the truth of forex trading there are few questions to be asked.

 

1- What is the truth about the forex trading?

2- Is forex trading the secret of earning big money?

3- Is it that you must join some secret cult of forex trading to be successful?

4- To trade well, is it necessary to know the fundamentals of forex trading ? Perhaps it is finding out that one signal that will tell you where every turn will take place before it does.

In fact, it is neither of the above. It is not often mentioned by most of the traders today, until now it has been talked about by many. Majority of the traders actually don’t want to hear this truth and keep on to manage inappropriately.

The real “Truth of Forex trading” is this: To do well in the business of forex trading needs an ADJUSTMENT IN BEHAVIOR .

Therefore, majority of traders, inexperienced and not so inexperienced, go for the easy route, anticipating the forex trading market to behave in a easy manner. Even though the forex trading markets do operate in a easy manner, (comparatively), but it frequently not what many think to be easy. Yet this supposition keeps on from one bad trade to another. They observe a forex trading chart, see a pattern, and then say to themselves, ah, this looks like a long to me and jump in with a buy order of some kind. When in the trade the forex trading market then display to the trade that his suppositions were wrong, and then moves downward.

The ADJUSTMENT IN BAHAVIOR required here is PROPER PREPARATION. Some thing requires to be done, not only in defining when and where to go in but ALSO where to leave.

Have you ever been in a trade where it started to contradict you, but in place of leaving and taking a small loss, you wait as you are not confident where to get out? Have you seen prices shift against you, while it is, you ask yourself, “if it goes below this price, it probably will go lower” but then you don’t leave when it does go lower that price as of contradictory doubt in your mind?”

Clearly, a modification in this behavior is extremely required. And a cure for this is the PROPER PREPARATION. If you believe that a specific forex trading market was going to go up, you should have had some cause to believe this. If you used some kind of standard to explain this, then that same standard should explain to you that the forex trading market will shift up, such as, the present bottom is higher than a moving average, previous hold up price, or other reference, then would not be rational to suppose that if value ended up violating this standard at some point that it would indicate a departure from the trade?

Now you write down that why believe that you would go long and go in instructions. Track that where you feel this standard will no more be valid and decide if you have the ability to handle that amount of danger if it does not succeed. if this is the case, then make a note where price would have to go to explain to you that you were in mistake BEFORE you go in the trade, and make certain that you know it earlier where post security. If you can be confident to place a differing order to leave the trade to stay away from a possible opposing move.

PROPER PREPARATION would aid you to make self analysis of your forex trading options. If you take the time to get ready for both your going in and leaving, you will have it in open mind what you are doing and what the outcomes are. This will aid in building modifications as well.

One more TRUTH concerning successful forex trading that is frequently ignored by many trades is that of TAKING CARE OF YOUR WEL BEING. A procedure should be followed daily that includes exercises and dress before forex trading. it has been advised by many experienced traders that if it wasn’t for their routine not to wake up same time every day than at least exercise for 15 to 20 minutes, shower and dress well before going to their forex trading desk, they still would be in the same routine as they once were.

It is not good that many with such a advise is a time waste. Obviously, to change ones behavior for improvement require the person to make necessary changes on their own. No one will do this for you. If you are reading this article as you require to enhance your forex trading, and you presently awake whenever, hurry to shower and dress up and invest no time to sharpen your mind exercise, you probably have left behind few good brain cells that are still asleep that could have aid you to entice the start on this trade. Don146;t ignore what you believe are small things. If you are not getting it done in forex trading, it is the little things that you are exiting out that is aching you.

Be positive about caring your body by eating healthy food. Exercise and balanced diet is of utmost importance for success. It keeps you sharp and always on your toes. Lets you to sit up conscious during forex trading hours and ready time in place of going through the motions as if you are in a smog. Have you ever been in a trade while feeling tired. You start to speculate if you wait or take profits, but your mind isn’t unobstructed and you are feeling weakened forex trading is like driving in two lanes with fast traffic moving both ways. If you begin to lose focus, you can very conveniently lose your life. The rapid forex trading markets needs you to be sharp and attentive. It will also aid you to follow plan even without twice guessing it.

One more significant TRUTH concerning forex trading has to do with your subliminal mind. Few traders, no matter how knowledgeable they are concerning behavior of the forex trading market or how accurate they are in timing, may have the propensity to self disruption. The subliminal mind is a very strong object that can labor for you or against you. Essentially, it functions on suggestions that are directly or indirectly fed to it. If you are inclined to surround yourself with bad people, or bad thought, never anticipate your subliminal mind to be resistant from its influence. In fact, it will influence everything you do, plus forex trading pessimism.

It is of utmost importance that you take this TRUTH concerning forex trading (or something else) quite seriously. When seeing television, do you tend to see movies and broadcasts that contain bad news, miserable happenings, violence and rudeness? If yes, then you are feeding your subliminal mind with the inappropriate kind of information. Are you inclined towards reading mostly useless fiction or non fiction or anti social behavior? If yes, then you are feeding your subliminal mind with bad energy.

Majority will make fun at this TRUTH, and however will keep on to fail at what they want to attain. Or may be they have attained up to some degree, but keep on to fall short of their objective. Any way, this is not a funny matter, and taking an off handed manner near this strong force inside you will keep on to be your undoing.

While watching television always watch healthy broadcasts. The occasional other programs is okay as long as you balance them with mind improving broadcasts, like found mostly in discovery and national geographic broadcasts. Such broadcasts not only make you a intelligent person but also your subliminal mind will be more accessible to successful attempts of finding and adventure, that which forex trading is surely a part of it. Like eating junk food will soon cause your health to soon fail, it is same with your mind, like feeding your mind with junk information will soon train your subliminal mind negatively and influence your whole performance in many facets of life, forex trading is included.

Develop your habit of reading forex trading books and see knowledgeable broadcasts. While not reading forex trading books, read other books of knowledgeable material. You don’t have to give up your favorite Star Wars novels. But don?t let the bad broadcasts ruin your mind. Whatever you desire your mind to be, but be certain you train it adequately. I wish to add just one more thing. Some may argue that if they give their mind 75% positive material and 25% negative, they believe in this case they will end up ahead of others in the game. Never count on that as it only takes a few bad things to devastate a lot of positive things. How? The answer is to imagine this.

While you are having a good day with your family at the beach. As the day ends and now you are feeling great, you decide to go home now. On the route to home, someone comes in front of your vehicle and you are forced to brake. You get sad by this incident, and it tend to go down all your good feeling you had at the beach picnic. Here it took you whole day for good feeling, and just few seconds ruined all the good feelings you had. It shows one should never underestimate the power of negative material and association. “Make no mistake: Bad company is the ruin of a good character&rdquo.

All the TRUTHS must be faced up to. To avoid any one of them could be the difference between having success or continuous failure. You have the choice to decide what is good for you. Plan to face these truths head on and make necessary ADJSUTMENTS IN BEHAVIOR. The truth of forex trading. Forex traders do business from adjustment of behavior and proper training.

 


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

6.9 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