12 instructions to be successful in the forex trader ~ theater of dreams

Thursday, March 10, 2011

12 instructions to be successful in the forex trader

To open the horizon and discover the right mindset about how to deal with this business so you can find a solution in the market engaged in a sometimes uncontrollable or that you can take advantage of or exploit the maximum profit from trading activities, as well as that done by a few successful traders world, here I will explain some of the secret instructions that I summarized from the minds of successful traders world.

How should fear and hope
a trader is also a book author who is extraordinary Campaign Trading: Tactics you strategies to Exploit the Markets and Maximum Adverse Excursion, John Sweeney has said,

 
John Sweeney
"as we think of when we were little when he saw under a bedroom or in a dark closet, afraid of the monster's presence, in almost the same bad trading saw a loss and have no knowledge about it.
"

Humanely, fear and hope, we often do at the time of running the transaction. Be very afraid of our feelings when, for example, will start the transaction or are suffering big losses bertambadwin h then we hope that prices improve and at least we do not experience loss.
 
Edwin Levefre
"Successful traders have to fight two instincts that lie within. He should be behind that is what you might call anatural impulse. While hoping he must fear; though afraid he had hoped. He must fear that the losses will growto be larger, and hope that profits might be a greater advantage".


Fear of defeat is not the nature of the right when going to fight. However, fear of getting hurt badly and then dodge is wise because in other ways today we still have a chance to fight back. If you do not quite have the courage to fight for fear of hurt, this is the beginning of your destruction.
 
Ed Seykota
"The position of losing money is extremely annoying (mental influence), whereas loss of courage is thedestruction."

 
In trading, fear of loss will increase the understanding does not mean fear of a loss. Fear of loss increases somehow you have to anticipate early for your loss menajdi not large and there is hope to get a big advantage.

I'll go back later for a second clue.

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