Forex Trading: To Trade Or Not To Trade? Part 2
As I don’t understand those who buy “Super Profitable Trading System”, so-called «Sacred Grail». What do these people hope for?
About it I can tell the following:
1. Really you consider that Sacred Grail exists? Or you believe that it was thought up yesterday by uncle Ted?
2. Even if uncle Ted also has thought up the Sacred Grail yesterday why today he sells to its uncle Pet for 50$? Uncle Ted should be richer than Bill Gates, and he all sells “find” in the Internet.
If you yet haven’t understood, what exactly I want to inform to you so read following:
1. You should be specified, how I already said that for you system engineering or earning money is more important.
2. If for you system engineering is more important, on it reading can be ceased, if earning money, we pass to point 3.
3. You have chosen point “earning money”, perfectly! I will answer. It is necessary to THINK f you want to earn at a stock exchange market! And it is necessary to think not of that that under Dow Johns’s theory has now come to buy or sell time. It is necessary as I have told to think the HEAD proceeding from OWN SUPERVISION over the market and as a matter of experience the previous victories or defeats.
As for trade psychology: the Psychology is 99 % of success and to understand of what such is correct psychology trade it is insufficiently to read all books about psychology. More precisely certainly you can read all these books. But I can tell with complete confidence that it won’t affect in any way results of your trade.
What I mean by correct psychology trade? This is your own relation to the market, i.e. that as you act in certain situations.
The correct psychology isn’t described in books on trade psychology. It comes to you in the course of time. Through a pain from defeats and dizziness from victories at the initial stage you come in due course to that you aren’t overwhelmed any more with passions, you simply do the work. You also have also victories and defeats, but it a little you excite all, you are assured of yourselves and you continue to search for possibilities in the market, and you earn money.
If you want to participate in forex trading must start from learning the basics of currency exchange market to make sure you do not experience problems with this industry.
There is another option – you can hire professional traders to managed your trading account – read more about forex investment here. Also make sure to look for the knowledge in a good forex book.
February 20, 2011 | In: Investment