Dear Readers,
Trading the currency markets is no easy feat. With hyper sensitive volatility the forex markets require that we rid ourselves of fears of the unknown. How many times we see traders talk about their stellar performances on forums, and they end up doing the Harry Houdini as they implode with equally spectacular fashion.
Indecision grips every known trader once in a while but the key is to force the mind to take assertive action no matter what the consequences. we must learn to face our fears. We must grapple with our minds. If we stand still in a rampaging market we might get flattened if we simply just stand there in the face of mounting losses. losses are inevitable but it is not losses that we must fear. Fears are not real. Losses come and go. Fears can be subdued through constant practice of meditation and stillness of mind. We have to grapple with the issues of time and cultivate the patience required to develop a successful trading career so that all fears can be erased. Even experienced traders can also get caught up at times like a deer frozen in the headlights but they learn to snap out of the fear paralysis faster through the development of a stillness of mind. We are all human after all and emotions can either become our greatest joys or our own worst nightmares. But fears can be dealt with and harnessed.
Please watch this video by Dr. Michael J. Duckett so that you can understand the nature of fears and how it can hold you back from developing a successful forex trading career.
Secret to Overcoming Fear
Dr. Michael J. Duckett
Pieter Bergli - DeLoren Trust Holdings
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Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers
