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Trade
How to assess the market, trading on the Forex
One of the paradoxes in Forex trading is that financial self-destruction and harm to oneself play a very important role in the daily lives of most traders. In fact, many traders are trying to earn just by playing the markets, while winning or losing. And it is for this reason long period, the majority of traders actually lose.
It is even conceivable that we humans are genetically programmed to be bad traders. In the end, many of us are engaged in a constant and immediate battle with the markets, in many cases, providing them with the features inherent to man alone, and comparing them to living beings.
Of course, the market is neither a human person nor a living organism, and in order to trade Forex effectively, You must realize and accept this obvious fact.
The deprivation of identity of the market
Professional traders know that the market is merely a source of information and should be considered only in this aspect. He has no internal program or ulterior motives, and he does not want to beat You. The market does not bring You good or bad information, or something like that. In fact, any feelings that You experience in the trading process, due to the fact, as Your own mentality to perceive market information.The assertion that the market is dishonest or stupid, is too high or too strong, are trying to give it human traits and fundamentally wrong, because the market as a simple source of information not capable of it. The market is just "there".
Professional traders understand it well, and so eliminate from your perception of any "human" features of the market and try to ignore all the "noise" that surrounds it, whether the opinions and statements of other investors or message of the news services. Acting so, we can really penetrate into the real flow of the market and start speaking chess terms, to make the right moves.
Catch the wave
If to eliminate any subjective analogy, it becomes much easier to enter the market flows. Any subliminal or conscious defense mechanisms, which can force You to make hasty transactions, they will be automatically removed.
Get into the flow means that a trader can get an almost infinite number of possibilities and chances. The trader can use these various opportunities to their advantage, without exposing themselves to unnecessary stress, emotional disorders or self-destruction. which in the case of a "game" approach to trading.
But not only that, professional traders, regarding the market as objectively as possible, can log in this thread, but they are also able to understand when they should exit the thread and do it in advance. When they can't "catch a wave", they reduce the size of the positions to secure for themselves the values or even cease to trade. This is a key element of a successful trade on Forex, and it explains why some traders are happy while others are not very good. Recover from the "humanization" of the market, do your best to "catch the wave" and You will have a long and profitable trading career.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 316
| Rating: 0.0/0 |
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