Forex Market Education
Time is a difficult concept to come to terms with.
Either we have to much Time on our hands or so very little of it. Time is a relative concept according to the professions we choose and how we use Time determines the measure of our success in the attempt to reach our chosen goals in life. As a trader invariably the pace of life adds to the tension of the occupation. The market pulse is intense, price changes dynamic and consequently the trader finds him or herself trapped within a framework of a speeding clock. The pressures of trading a concept of Time at the extreme measure of speed often forces the trader into mistakes, some of which can be recovered and some of which may tend to lead to disastrous circumstances. Living in the fast lane is not advisable in the long run and wear and tear and fatigue will take it's toll. A better understanding of Time and how we choose to structure our lives within the framework of the Time speed we choose becomes the mainstay of mental and physical health.
A frenetic trading style is unsustainable. There is a misconception about currency trading that it is an arena for the elite. Bank dealing rooms are full of dealers that constantly make markets making 2 sided bid/ offer posts on their Reuters or Bloomberg terminals. Dealers are the conduits for commercial customers to secure their spot and forward currency orders. The market is very active and bid/offer spreads set by dealers can change every 30 seconds. traders on the other hand are not led by commercial orders and therefore become a mismatch in a day currency market session in that they are attempting to emulate dealers and trade for profit. Bank dealers are obligated to deal spreads; day traders are not and should not be there in the first place! Traders should enter the FX markets with longer term positions in mind than developing mindsets to mimic bank dealers and watch news releases and 5 minute candlestick charts to try book some pips on the day. Traders need to slow down and deal in the Forex markets from the outside and not from the inside of the arena. The inside of the arena belongs to the bank dealers.
Please watch here the video of a class session by Dr Michael J. Duckett on 'Expanding your production in life' :
Thank you,
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
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.
* European Union laws require European Union visitors to this blog to know that cookies are used by Blogger and Google, including use of Google Analytics and AdSense cookies and in reading material from this blog do consent to the use of such cookies
