The Structure of confidence necessary for victory achievement.

Finally, to succeed, it is necessary for traders to accept two obviously contradicting confidences:

“the market is uncertain and unpredictable and that the market is rather specified and predicted”.
The decision of this obvious conflict it is concluded in the time periods which the confidence concerns. At level of the transactions, which Mark Douglas names micro – level, we adhere to the first confidence. As the market can and it will be probable to do something, we aspire to protect at first our capital, following the trading plan. In other words, we always should have exit strategy.

At “macro-level”, we adhere to the second confidence. How much our trading plan is detailed, so the market will be specified and predicted. In brief, we recognize that in trade we deal with probabilities. It has obligatory value that we adhered to this confidence not only at intellectual level, but also at each level, in particular, the emotional.

Often it happens that in words people are ready to accept idea of probability; but when business concerns real trade, traders behave as if each transaction should be advantageous – they need definiteness. How still we can explain popularity of services advertising 90 %-s’ hit? If announcements didn’t involve interested persons, they would disappear.

The desire of definiteness leads to other conditions and confidences:

1. As we know that we will succeed finally and consequently we know that we will protect ourselves regardless of the fact that does the market, we acquire a condition of “self-confidence” and carelessness” condition. In turn these conditions allow us to remain….

2. Concentrated, assured and carefree when we test inevitable long recession.

3. As on micro – level we know that the market is casual, we won’t allow euphoria to come and to lead us to precipitate transactions. Each transaction will be only one in a number of probabilities.

4. We consider the market information not as a pleasure or pain source, and is simply the data providing us with possibilities.

It is impossible to tell that trade can’t be pleasure; really not only can be, but for the majority of traders it SHOULD be so. However, the pleasure comes from faultless accomplishment of the rules corresponding to our stage of development, instead of from results of concrete transactions.

For those who want to participate in forex trading should 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 do this job for you – read more about forex investment here. Also make sure to look for the info in a good forex book.