Posts Tagged ‘Forex Trader’

Point Trader

What a trader does not convince myself not to take loss and the result ended a deal with a large loss than anticipated, or out of a profitable trade too early, or being in a profitable deal, do not take profits and as a result ended with a loss, or moved the foot closer to the point of entry and stay out of the market when the market flew in his direction. This is not a complete list of errors that are constantly committed to the market. But this error is caused by the market. The market is neutral, it just gives information about yourself, which gives us to act. That's all. The market has no influence on our ability to perceive information, or to control our decisions and actions. The aforementioned errors are the result of misperception of the market. Misperception generates fear instead of confidence and consistency.

Learn to fully accept the risk not just in any environment, but it is particularly difficult in the market. What we usually fear (besides fear of death or public opinion)? We are afraid of losing money and are afraid to be wrong. Recognize that you are wrong and losing money is very unpleasant. But by trading, we are confronted with these possibilities is almost constant. Trading represents a fundamental paradox: how to stay disciplined, focused and confident in the face of constant uncertainty? When you learn to think like a trader, you will be able to achieve this. Having learned to override your actions as a trader in such a way as to take the risk – the key to the development of thinking a successful trader.