Many many thanks....great that it is free....for that a cheapskate like me !Originally Posted by ;
Many many thanks....great that it is free....for that a cheapskate like me !Originally Posted by ;
For those who interested on Trading in The Zone, u can pass me a minute with your email..with a pass : . . I really like u .ROFL
Let us think about it for a sec, what's the source of whatever emotions you're feeling? The source is uncertainty, not being sure of an outcome and lacking confidence due to not being sure of their statistical reliability of your actions.
When we have a loss, but we understand that we did all right, the feelings involved are almost nil, as you understand that over time should you continue doing so, it is going to earn money. But should you not understand that what you're doing makes you money with time, then you've got no method of knowing you have been doing everything right, and in turn when taking a reduction you're going to want to hate yourself. Likely leading to damage.
If you pulled the trigger and it made money, but you do not understand that whatever it is you did makes money with time, after you will bank these profits you will get attached to them and will probably be afraid to repeat the same action, resulting in missed opportunities, self hatred and regret. However, should you know whatever it is you did earning money with time, you'll be excited about pulling the trigger. The only thing you will feel is ease and comfort regardless of the possible outcome.
This leads us to say that as technicians we need to carry out some statistical studies in order to prove to ourselves all truths we had found about the market. I'm conducting extensive research right now and will publish it for free on FF. Research contributes to confidence. Confidence leads to ease and relaxation. You put on a commerce and expect something to happen. You do not understand what the hell it is gonna be, but something will happen. What you feel should be precisely the same either way because you've got your statistics and are confident probabilities are on your own side. It is something to learn, and I have not yet mastered it, but it is a process.
Bob
I find that sometimes, losses may actually help to keep you in the winning trades longer once you get used to things going against you originally....
So reductions may be useful.... Particularly once you understand why things went wrong.
Well declines of course are part of the learning procedure.Originally Posted by ;
Everyone should go through losing a few cash - only then will you be able to tell what kind of reaction and what kind of person you're, if your hard earned cash is on the line.
If you would like to proficiently trade Forex, a trader should control your own emotions. Emotions will have no room to intervene if you follow the ideal path which is l earning the basics and Demo trading for 6 months or so to learn your trading platform. This will help in controlling your own emotions.
I'm not so sure demo account trading assists much with learning how deal with emotions related to trading. It can help you expand your expertise and experience, which then can supply you with some assurance, but the true emotional trading starts with the opening of their live account.
100% - The gap was immeasurable for me. Demo was virtually irrelevant. Different from person to person, but overall, I anticipate its very significant for many new traders.Originally Posted by ;
Get an overall idea about trading by means of a demo, but you want to measure and put some actual money on the line. . .100, 500, 5000 . . .whatever it takes to feel like the losses and gains matter, without being anywhere close to the amount that affects your day to day finances.
Would you ask a bricklayer how to put plumbing properly? Would you ask an average car commuter how to push Nascar racing? Would ask weekend hunter how to wage a war against drugs lords?Originally Posted by ;
So why would you ask amateurs, like most folks writing here, on a topic like plogy? And even if they might poses a grain of truth, that may be exactly a grain which is going to be harmful to you.
Know yourself... with help of professionals in the area:
1. NeuroInvesting: Build a New Investing Brain by Wai-Yee Chen
2. TraderMind: Buy a Mindful Edge from the Markets by Steve Ward
3. The Mental Edge in Trading : Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments by Jason Willi
4. Trading in the Zone by Mark Douglas
5. Strength Finder 2.0 by Tom Rath
6. What Motivates Me by Adrian Gistick
7. Choke: The Secret of Performing Under Stress by Sian Beilock
8. Talent is Overrated: What Really Separates World-Class Performers from Everyone Else by Geoff Colvin
9. The 700 Habits of Highly Ineffective People: And How You Can Prevent Falling into Them by Jonathan Biggins
10. Too Soon Old, Too Late Smart: Thirty True Things You Need to Know Now by Gordon Livingston
11. Sun Tzu for Success: How to Use the Art of War to Master Challenges and Accomplish the Important Goals in Your Life by MICHAELSON GERALD STEVEN
12. In Pursuit of Excellence: How to Win in Sport and Life Through Mental Training by Terry Orlick
Read these books, reflect on them and discover your strength... then you will be able to discover a way that can be used WITH YOUR PERSONALITY... whatever it's 10 or 1000 pips... but without understanding yourself you dont understand what are you searching for... and nobody else will be able to tell you that except yourself...
I don't feel that practicing a demo account can help considerably with learning how to cope with one's feelings. When trading on a demo account that the stress that is connected to risking real money is not there.Originally Posted by ;