One of the biggest challenges that I have seen recently in our own trading community is the tendency to make trading decisions based on emotions rather than the criteria that defines your entry signal. It is easy for me to say that if you get in when an entry signal occurs and get out when an exit signal occurs you will get profit. But many people find it difficult to do that. There are typically 4 reasons why some people do not see the same level of success that others do when using our Forex trading system.
1. They do not get in when there is an entry signal.
2. They get in when there is not an entry signal.
3. They do not get out when there is an exit signal.
4. They get out when there is not an exit signal.
The reason for these mistakes in almost every case is not because of uncertainty about what defines an entry or exit signal. It is usually some other reason based on emotions or intellectual rationalizing that has nothing to do with our method. Traders are sometimes afraid to get in when there is an entry signal. They wait and get in when the opportunity has already passed. Or after actually closing a good trade they try to get back in based on the fact that they are excited and want more profit even though there is no exit signal. Some of our students have expressed that they are unable to stay in a trade until an exit signal occurs because of the large amount of real dollars that is sitting in their accounts in unclosed equity of open trades. Many of us can relate to that experience but in time with experience and relaxation you can learn to stay in until the exit signal occurs and thus get much more profits on average.
There is a training video now available on this subject that is part of our free Forex trading video training series. You can receive all 8 of those videos by entering your e-mail here:
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