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SO YOU WANT TO TRADE FOREX?

June 16th, 2009 | No Comments | Posted in Trading

Many traders who fail tend to blame the market or other external factors. It is everyone else’s fault but theirs. Believe it or not, this is how history repeats itself in their lives. If this describes you, then this book can really help you make a change in your life. Not only does it teach the technical side of trading, but also it will force you to address some of those unproductive bad habits.

When trading Forex, your daily actions will be based on a clear productive mindset of:

  • Reappointment versus disappointment
  • Resilience versus resentment
  • Better versus bitter
  • A winner not a whiner
  • A star not a scar
  • A victor not a victim
  • A conquerer not a crumbler

The reality in life is that the choice is yours. Bad things happen to everyone, and you won’t be spared as you learn to trade Forex. Your success will be determined by how confident you feel, what you think, and how you respond when bad things do happen. In any financial or business endeavor, success starts in your head, is fueled by your heart, and the results are driven by your actions. These will determine your Forex experience. In this book, you will learn certain disciplines and habits that will help you become a better trader.

There are three questions you have to ask yourself before you trade:

1. Do I want to make a lot of money?
2. Do I want to make an average income?
3. Do I just want to get by and break even?

You need to understand these things about yourself because the market tends to be self-fulfilling. Remember, you will always find what you are looking for, whether it be good or bad.

Nothing in life is perfect, and if you set yourself up with an unrealistic expectation that things should be perfect, you put yourself in a position to focus only on negative events. If you bring this perspective to the trading table, it will have a similarly destructive effect. Uncover who you are and what you are looking for before you trade so that you can lay the proper foundation on which to build your trading career.

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