Actual trading success lies not in how sophisticated trading system, how accurate analysis, how many indicators, or judged of how big that generate profit d reading I am convinced the longer, the longer the forex trading, will be more afraid, because as time passes it is not profit, but trus yg resulting loss is often precisely in may, MC again and again, not about trading without lossprofit, not about a hundred percent but about consistency, as may some day trading without loss, could few months hundreds of percent profit, but what happens a few days later?? a few MTHS later, profit would be destroyed, the account would be destroyed. due to the mistake once will destroy everything, as evidence of the many world class trader accumulated in zulutrade, PAMM accounts, manage your account, etc.
To say 90% of his or her account loss or MC even slightly can survive more than a year. because it is in fact 90% of traders lose money. that's how cruel the market that does not have the menggilas the whole money qt. How can that happen? wouldn't it be a trading is easy? just buy and sell? can I profit trus, can I profit hundreds of percent? try to prove it can it be consistent! in recent days, months? due to the fact in the most decisive trading is TRADING PSYCHOLOGY.
Surely you also feel the moment has already done the OP feels deg-degan, profit a little-a little, floating minus diclose ditahan-tahan, mentally not strong and many were ultimately stress. Indeed the current difficult trading psychology here, many master told me 90% of the success of the trading that is determined by psychological factors, since this factor will draw on consistency, sincere and realistic, here's a little sharing of forex trading psychology of teachers is very inspiring me, though-forex years I've known are disinclined to always read this again and again, I am sure also if you later have to try trading, Learn forex, from the web or the forums, will definitely have always wanted to read it, again and again, may be useful:
1. We paid because of the discipline.
We don't need to have a 4.0 GPA, no need for maths, no need for fluent 4 languages, no need to have a work experience of 10 years, no need to get up early for a successful night at home forex. Market pay only one thing from us: discipline. Just one. And yes that's just yg needed here, Disiplinlah and the market will meet our account.
2. Not a round ball otherwise.
Case of 10 trading we are only 9 that discipline then we certainly can not say discipline. If we say "I've stopped smoking" but still love ngumpet-ngumpet to smoke it's called YET to stop smoking. Learn to discipline in every trade.
3. don't obati burns with fire.
When the market moves don't suit we hope why should be aggravated by opening the same position continuously even with a lot bigger? Get out or reduce his lot. That's the money we spend, not the leaves of the guava.
4. don't reject fortune.
We've all done this. Market has his money to us with moving appropriate direction is to be expected but we are not satisfied with a little money. Then we tungguin chart and expect that money to be lots and lots of, but often the market turning right and instead we still hope and finally even those of us who have to spend money. No need to be greedy. Toh market open 24 hours. There is still tomorrow. Don't reject fortune which has been served.
5. make a mound of water Useless.
In the unlikely event this afternoon we have 50 pips profit, then the next does not seek a trade loss more than 50 pips. If the time is right, immediately move the stop loss to + 1. Make a mound of land, not water.
6. Setialah.
Any of our trading system. Any charge indicators will. Ambilah of paper and a pen (or open microsoft word). Write our trading system, when do we get in, when to get out, how yg lot opened, where put TP and SL. include a screenshot. Make sedetil possible. Make it as if we are being taught elementary school children for the million dollar mentradingkan us money. After that print and laminate flooring if necessary. Put it on the side of the computer. If the trading system was successful in 50% of the SETIALAH.
7. find the most comfortable clothes.
Do not wear a jacket made of suede material with klo we are allergic to it. Do not wear a black dress during the time that scorching thick. Good for others is not necessarily as good for us. So if we're comfortable with the TF15m, why should force myself daily if it dg TF instead always make deg-degan? Yes try is okay, but enough in acc demo or micro. Find the most profitable trading style but at the same time most convenient and enjoyable by each of us.
8. make sure tomorrow we can still trading.
Did a meteor headed for Earth sdg? Do tsunami waves are heading into our homes? Whether starting next week forex will pass away? If not, then why are we terburu2 want to dredge the profit as you can today, too? Don't over-trade, do not resikokan money too much, make sure tomorrow we still have balance for trading, in order to pay installments, can I buy children milk, etc. No more pathetic than knowing the price will move 200 pips but ga there are enough funds in our account.
9. When the building burned, hurry up to get out.
The loser that's not time we loss. The loser that if we know the price is clearly behind the body but still did not dare to cut losses. Don't be afraid of acknowledging our analysis was wrong. All traders must never loss. The snapper was still often wrong. Ga problems we loss today, an important report on the end of the month still profit. Let the profits run, but cut your losses.
10. Just one big idea, and live like a king.
The great inventor must understand this, the musicians, businessmen, and all those who name is never dead. Graham Bell, Edison Alpha, Sukarno, Elvis Presley, Nobel, George Soros, Colonel Sanders, and other great people, all they have in common is having one big idea and focus on him. Because they know, once of great ideas it materialized then they will live like Kings. Discover how trading the best yg according to each one of us, do not stop improving it, and setialah. Do anything to find it, and live like a King. But money management and discipline will determine how long we stay in the Palace.
11. just follow anginnya
So many factors that determine where the wind will blow and as strong as what it is: contour terrain, temperature logging, the position of the Moon and the stars, the amount of nitrogen in the soil, the amount of worms that die per week, etc, etc. But in the end it doesn't really matter what moves the wind, but in what direction we develop screen when the wind comes. In the end it doesn't really matter to analyze price before news happens, just follow the direction of flow of the reply it generates.
12. Mr. clever's old teacher
Maybe the days of school before we ever surprised why the teacher PPKN lancarnya we so called one by one grain of pancasila, a physics teacher or with outside Chief lays out the formula of general relativity? Now we are certainly already know her secret, so if starting today we are loyal to our trading system, we repeat-repeat every day, we pelototin every hour, imagine how great the US 5 or 8 years from now. Keep practicing.
13. that matters not where we are now, but where we are tomorrow
We know it's MC, know it feels like to nonjok monitor. We knew it was hopeless. But the news excited, are there any successful trader who never ngerasain it all? They've all felt it, and they did succeed now. Mean we're right in the same way with them. Forward only, as long as we continue to walk (or crawl) one day surely up well there. No matter how big our MC, but how big our dreams.
14. Gigitlah a little bit or rahangmu off
Some of us may have a target profit daily 50 pip pip, or 100, or 200 pips. Regardless of our targets, try broken down in recent times trading. Get 100pip all trading is often much more difficult (mental and technical) than in the 5-time trading. In fact, after the fact, to eat will be more easy and fun-to-1 direct dish.
15. About waiting
What are the main skills required to become a powerful Hunter? Shoot? It could be. But there is a saying popular in between the hunters: waiting is half the success. Similarly, when a Lion hunting buffalo. Most of his time was spent to precipitate themselves waiting for the right moment, not for running to and fro in pursuit of the Buffalo. Got a thousand and a thousand indicator system is meaningless without knowing how to enjoy a period of waiting.
16. About guard towers
If the place we stand too low so could not see where the storm leads, please check with the guard tower. If the place we stand too high so it can't feel the ground vibrations, ask them below. Look at what is happening in the TF big and small, then decide where it will run.
5. history repeats itself
We are in the age of interglacier, where the flood of Noah was going to come again. Fossil findings turned out to be the world's dikiamatkan say many times. The Asteroid collides with the Earth ever and will definitely come again. History always repeats. Buy a good book and make it a trading journal, write down the error and the achievements of us every day. One day would be pointless, since the double top and doji will come again. False signal will always be tempting. Because history will repeat.
18. once in a while be robots
Target trading we want to buy a larger television or cars that are more kinclong before HIGH SCHOOL reunion next month? Our trading results of debt capital to the bank and a debt collector is waiting in front of the door? Or are we just had an argument with the boss right before the European session open? Or are we just eliminate the money selling rice results in 10 seconds? Get rid of emotion or do not see the chart at all, because the market no matter at all about our problems, he will still be moving anywhere at will, even though I threaten to commit suicide in front of the right
Posted in: Psychological Trading The Key To Success In Trading