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Apr 3
6.10 Expectations Vs Reality In Trading

 

Question yourself that what were your expectation when you first decided to do the forex trading? Were you expecting liquidation? Were you confident in earning big profits with minimal effort? Or may be, you were only interested to add to your with another stream of income?
While reading years of comments from traders on internet, forex trading forums and personal emails sent to me from my clients, I come to the conclusion that people entered the forex trading business with very high expectations. As the time passes by the reality begins to chisel at their first expectations and view of forex trading until, for many, it has been lessen to almost nothing more than a hope to breaking even or at least leave.
Only few that survived the forex trading field after they come to know that their first expectation is not probable to be encountered have understood what the reality of forex trading is and have come to consent it as sensible. This would be incorrect to say that there is only one reality because this would not be a correct statement. Forex trading somewhat, it is the reality that consider each of us individually that we have to come to understand it, accept it, and that is how it works for us.
Those who continue forex trading because they fail to realize the early expectations have to understand the reality of forex trading that is related to them. They are the one who are expecting to be rich easily, without realizing the fact that forex trading is hard work and dedication and payback increases only over time. There are others who are in the forex trading business believe that they can gain off the profits, but unfortunately its not enough to live on and is not without any stress. For some of them the reality of forex trading is feast or famine. They go high and low like the markets when it is about profitability. The reality of forex trading as I understand is the chance to outperform most mutual funds or an interest bearing account at the local bank.
If you want to gain the assistance that is offered by means of forex trading, you will have to come to understanding with the reality of forex trading that relate to you. Not everyone is going to make quick profits in the forex trading markets on continuous basis. Sometimes you have good forex trading days and sometimes you have bad forex trading days. If your expectations are very high, you will soon be disheartened and lose all your cash prior to what you can achieve what would have been your reality in forex trading, the chance possibly to create a good return on capital spending rather than owning trader town.
Therefore my advice to you would be, in case you have not till now realized the reality of forex trading that 3 relate to you. Don?t anticipate to take a huge portion out of the forex trading market. Instead emphasize on more attainable objectives, like improving your forex trading and creating a small percent of share on your funds constantly. Once accomplished, and then emphasize on the next small move a head of and all that. When your reality is going to be that one day you will own trader town, this will probably be accomplished by taking one move at a time instead of anticipating the whole world up front on margin.

Question yourself that what were your expectation when you first decided to do the forex trading? Were you expecting liquidation? Were you confident in earning big profits with minimal effort? Or may be, you were only interested to add to your with another stream of income?

While reading years of comments from traders on internet, forex trading forums and personal emails sent to me from my clients, I come to the conclusion that people entered the forex trading business with very high expectations. As the time passes by the reality begins to chisel at their first expectations and view of forex trading until, for many, it has been lessen to almost nothing more than a hope to breaking even or at least leave.

Only few that survived the forex trading field after they come to know that their first expectation is not probable to be encountered have understood what the reality of forex trading is and have come to consent it as sensible. This would be incorrect to say that there is only one reality because this would not be a correct statement. Forex trading somewhat, it is the reality that consider each of us individually that we have to come to understand it, accept it, and that is how it works for us.

Those who continue forex trading because they fail to realize the early expectations have to understand the reality of forex trading that is related to them. They are the one who are expecting to be rich easily, without realizing the fact that forex trading is hard work and dedication and payback increases only over time. There are others who are in the forex trading business believe that they can gain off the profits, but unfortunately its not enough to live on and is not without any stress. For some of them the reality of forex trading is feast or famine. They go high and low like the markets when it is about profitability. The reality of forex trading as I understand is the chance to outperform most mutual funds or an interest bearing account at the local bank.

If you want to gain the assistance that is offered by means of forex trading, you will have to come to understanding with the reality of forex trading that relate to you. Not everyone is going to make quick profits in the forex trading markets on continuous basis. Sometimes you have good forex trading days and sometimes you have bad forex trading days. If your expectations are very high, you will soon be disheartened and lose all your cash prior to what you can achieve what would have been your reality in forex trading, the chance possibly to create a good return on capital spending rather than owning trader town.

Therefore my advice to you would be, in case you have not till now realized the reality of forex trading that 3 relate to you. Don?t anticipate to take a huge portion out of the forex trading market. Instead emphasize on more attainable objectives, like improving your forex trading and creating a small percent of share on your funds constantly. Once accomplished, and then emphasize on the next small move a head of and all that. When your reality is going to be that one day you will own trader town, this will probably be accomplished by taking one move at a time instead of anticipating the whole world up front on margin.

 


 

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