The key to success in learning forex trading, forex, stocks and commodities trading is not with the indicators used or trading system is applied (not that I want to say that the trading system is not important yes !!), but rather lies in the “ACTION” you. “ACTION” is meant here is the abbreviation word which is the key to successful learning that focuses on the psychology of Forex trading. Anything?
“A” is “Accept”
Which meant that you had to be willing to accept all of the possibilities that will occur when either the trading profit or loss. If you are aware of the risks in forex trading, then you definitely will prepare in earnest earlier. “Recognize and accept that every transaction, there is the possibility of loss even though it was in accordance with the trading plan”.
“C” is the “Center”
This means that you should focus on when conducting a transaction. The more calm the psychological condition of a person, the greater its ability to focus. Perform simple relaxation so you can focus so the better the quality of your trading. Learning can focus through meditation, yoga or just draw a deep breath. Traders who are less focused and emotionally very vulnerable take poor trading decisions.
“T” is “Trust”
Believe in yourself, trust your intuition and analysis results over trading recommendations that you get from other people. By trusting the analysis and intuition alone, would sharpen the critical confidence in your trading. If you do not believe in your own trading system, evaluate or test. If the result is not good, please replace the trading system you use. However, if after testing, your trading system gives the results of 60%, believe that your system.
“I” is “Imagine”
Visualize your success before you actually reach it. Visualize in detail by using the five senses will encourage your destination quickly achieved. Visualize in detail can manipulate your subconscious to find any way to make it happen. The process of detailed visualization taught in many trading books by experts.
“O” is the “Objective”
Try to be objective in assessing a transaction. Fear can make traders over-analyzing, hesitant, insecure and not objective. Focus on the transaction front of the eyes, do not be too many suppose or predict the market. You can’t control what will happen, but you can have the confidence to deal with what was happening.
“N” is “Never stop a course of action once have begun. Successful traders love to complete projects “
Complete your trading accordance trading plan which you apply, do not fickle. Plan your trade and trade your plan. If from the beginning you are in doubt, do not do the transaction.
The most Important thing, Never put amount of Money That You Cant afford to Loose