Thursday, August 23, 2007
Wednesday, August 22, 2007
Trading With Emotions
Emotions are a wonderful aspect of what makes us humans. Highly developed emotional sensitivity is a characteristic of the greatest among humans. Our emotions are part of the more refined aspect of our beings which allows us to experience such things as joy, excitement, love, compassion, etc. Our emotions are indicators that even provide guidance as the emotional guidance system for enabling us to make important decisions. Even so called negative emotions serve to tell us when something is not right in our lives and thus serve a positive purpose.
But when it come to trading Forex, futures, or any other financial instruments, our emotions should not be a part of the decision making process. In our trading community we have methods that are well established as the means of producing immense profits consistently for many students of our Forex trading education and mentoring system. But due to various emotional challenges some students are influenced to not enter a trade when the signal is present or to enter when the signal is not present. This is the primary reason that some students have limited success in trading.
Recently some traders were afraid to enter short and/or held an emotional bias toward the long term up trend on the Yen pairs. Some entered much later after the entry signal after the opportunity was past. Some made enormous profits and then entered again when there was no signal due to their over zealous emotions. Some traders are experiencing the problem of closing trades too early because they see large amounts of money in the equity in their trading accounts.
Once a trader can learn to make these decisions bases solely on the visual determination of whether the entry signal is present or not, success becomes much more attainable. Making trading decisions in a relaxed state of mind without any clouding influence from unrelated emotions is the key to long term success in the Forex trading business.
But when it come to trading Forex, futures, or any other financial instruments, our emotions should not be a part of the decision making process. In our trading community we have methods that are well established as the means of producing immense profits consistently for many students of our Forex trading education and mentoring system. But due to various emotional challenges some students are influenced to not enter a trade when the signal is present or to enter when the signal is not present. This is the primary reason that some students have limited success in trading.
Recently some traders were afraid to enter short and/or held an emotional bias toward the long term up trend on the Yen pairs. Some entered much later after the entry signal after the opportunity was past. Some made enormous profits and then entered again when there was no signal due to their over zealous emotions. Some traders are experiencing the problem of closing trades too early because they see large amounts of money in the equity in their trading accounts.
Once a trader can learn to make these decisions bases solely on the visual determination of whether the entry signal is present or not, success becomes much more attainable. Making trading decisions in a relaxed state of mind without any clouding influence from unrelated emotions is the key to long term success in the Forex trading business.
Saturday, August 18, 2007
Yen Pair Volatility Creates Amazing Profits!
This has been an extraordinary week if Forex trading. The recent volatility fueled by fear and confusion surronding the credit crunch and such things as news that Countrywide may go bankrupt etc. has enabled Forex traders in our community to capture amazing profits this week. Around the August 1st I had started demonstrating in our training videos and live conferences how the market was unfolding to produce clear entry signals to go short. Many traders in other circles were reluctant to go short and a lot of traders are afraid of volatility. A fear induced sell off is actually one of the best times to trade Forex because of the straight fast movement that can often be several hundred PIPS in one day. Many of our students sent me their results such as 2700 PIPS on several currency pairs in about 2 days. There was some initial confusion regarding how to apply our trading method during a correction. But once it was made clear that this movement was truly impulsive and a "trend" on the time frame we execute trades, our students began to boldly capture profits that created massive profits in real dollars for many.
Getting into a fast movement does not constitute a "luckly streak" using our trading method. Our students have been consistently getting in and out of trades with profit over and over and we have several recent examples of documented results in live trading accounts. Needless to say, we have some very excited Forex Trading enthusiasts in our midst and I hope to post some videos of their experiences in the next few days.
Forex Trading System
Getting into a fast movement does not constitute a "luckly streak" using our trading method. Our students have been consistently getting in and out of trades with profit over and over and we have several recent examples of documented results in live trading accounts. Needless to say, we have some very excited Forex Trading enthusiasts in our midst and I hope to post some videos of their experiences in the next few days.
Forex Trading System
Friday, August 17, 2007
Announcing the Most Powerful Forex Training Ever!
This year I have seen many students move from the category of being in the process of learning how to trade to actually getting amazing results in real dollars in their accounts using our Forex trading strategies. Every day I receive more e-mails and phone calls from students who are extremely grateful for what they have finally experienced through the training I have been providing, most of which has been for free as I have volunteered to help everyone reach their goals.
Many students have expressed an interest in having some kind of daily instruction where they can actually look over my shoulder and see exactly why I am entering a trade as I thoroughly explain and demonstrate the process of executing this Forex trading strategy. At first I was very hesitant to do this because of a potential conflict with my reason for trading which is to enjoy a life of freedom. After considering the possibility for several months I have finally realized that recording this process onto video and uploading it within an hour of my actual analysis would not require much more time than I already put into my trading business. In fact, I can use the recording process as a way of documenting my own trading rather than writing or typing it into a trade sheet.
So possibly this very weekend I am intending to roll out a forex training project that will be unlike anything ever done before. A few students will have the opportunity of a lifetime to make this they year they really master the art of Forex trading. A number of students are already achieving unheard of results and many relate that this Forex trading strategy is actually relatively easy. But not everyone can master this the first day. Those who are determined to make it work will persist over however many months or even years are necessary to be able to enjoy the benefits of what I consider to be the most ideal business in the world. I am really looking forward to this project and not only demonstrating what is possible in this business but also proving that anyone who has the desire can achieve the same results.
Forex Trading Strategy
Many students have expressed an interest in having some kind of daily instruction where they can actually look over my shoulder and see exactly why I am entering a trade as I thoroughly explain and demonstrate the process of executing this Forex trading strategy. At first I was very hesitant to do this because of a potential conflict with my reason for trading which is to enjoy a life of freedom. After considering the possibility for several months I have finally realized that recording this process onto video and uploading it within an hour of my actual analysis would not require much more time than I already put into my trading business. In fact, I can use the recording process as a way of documenting my own trading rather than writing or typing it into a trade sheet.
So possibly this very weekend I am intending to roll out a forex training project that will be unlike anything ever done before. A few students will have the opportunity of a lifetime to make this they year they really master the art of Forex trading. A number of students are already achieving unheard of results and many relate that this Forex trading strategy is actually relatively easy. But not everyone can master this the first day. Those who are determined to make it work will persist over however many months or even years are necessary to be able to enjoy the benefits of what I consider to be the most ideal business in the world. I am really looking forward to this project and not only demonstrating what is possible in this business but also proving that anyone who has the desire can achieve the same results.
Forex Trading Strategy
Thursday, August 16, 2007
Subscribe to:
Posts (Atom)
