Understanding The Forex Market Trading Truth- Six Reasons Why You Don’t Stick To Your Forex Market Trading System And plan And What To Do About It Now
What does your office, your trading career, your mind look like compared to becoming successful in Forex market trading?
Hello Dani Oh Here, just wanted to say thank you for visiting my Forex market trading site.
The first principle I’m going to share, that will help you increase your income is the need to have an Environment that frequently and consistently gives strategic Forex market trading reinforcement.
You need the power of a place where the ambitious striver, the creative visionary, the starter-of-many things, the serious student, the wealth-seeker and great Forex trader is NOT “odd” or ridiculed and criticized.
You need a place where these people congregate, learn and grow, collaborate, are encouraged and celebrated.
At a minimum, you need to be listening to cd’s, reading newsletters, meeting with like-minded individuals, attending live events and constantly giving yourself a consistent message about what you’re trying to do or accomplish in your personal Forex market trading career. Link (Get My 2 Weeks Forex Market Coaching)
My final thought will be this, but it’s an important one “What is dominating your thoughts, controls what you get.” So now write down what you want to get, what you really, really want AND why, and put it on your wall so you can be super-focused on what’s truly important to you.
So now I guess you’re beginning to understand my “personal strategic breakthroughs in Forex trading” and you’re probably feeling pretty good.
You’ve got juices flowing and trading ideas sprouting. You’re rearing to go out to your trading platform and change your Forex trading career, your life and possibly even the world.
However, you’ve felt this way before and you still find yourself reading articles on how to be a successful Forex market trader.
So before you jump out to start changing things and your Forex trading career for good, I’m going to ask you what’s going to be different this time. What are you going to do so that 6 months, 1 year, five years from now you don’t find yourself reading a report or book looking for the answer about how you can change your Forex trading life and career? Link (CashForex Portfolio Forex Trading Book)
UNDERSTANDING THE TRUTH
Trading is a game of probabilities.
Imagine we’re flipping a coin, heads I win one dollar, tails you win one dollar.
Heads and tails will each come up half the time and we’ll both neither win or lose.
However unknown to me, you have a loaded coin. For every 100 throws, heads come up 49times and tails come up 51 times.
You now have a license to print money. Let’s call it the ‘’Tails Trading System’’
All you have to do is sit back and bet on tails forever.
Eventually, you’d win all my money (and anyone else’s who took you on).
All any trading system gives you is an ‘’edge’’ a favorable bias, something that is more likely to happen than not, whatever trading system you use.
Finally Introducing 6 Forex Market Trading Roadblocks, Why So Many Forex Traders Abandon Their Trading System And Plan Today, My Big Reason For Writing This Post
Six Reasons Why You Don’t ‘’Stick To Your Forex Market Trading System And plan’’ And What To Do About ‘’It’’ Now
1. No reason for confidence in “it”: If you’re creating a new system from scratch without a guide and you’ve got little or no experience about why this would work, then it’s easy to lose faith in “it.” To combat this, use a system you know that already works for others!
The most successful Forex traders often “swipe and deploy” ideas that are already working and get coaching, mentoring or hire someone to help implement this system in their career. You can also read books, buy courses, attend live events or hire consultants to learn and create these systems.
2. No Confidence In “Self”: Your past does NOT equal your future!!! So many traders simply abandon plans because they’ve “failed” in the past. Once you abandon and truly grasp that your past failures are simply things you learned from and move forward, you will astound yourself with what you can accomplish.
3. Insufficient Reasons To “Stick To It”: What is the best possible outcome of what you’re trying to accomplish? Don’t just write “make more money” or “save time” but write down what that money will do for you, or what you can now do with your extra time.
Then write down why you want that. Get to the reason behind the reason. Keep asking “what will this do for me” and then you’ll know whether there’s a reason to accomplish what you’re trying to accomplish.
4. Too Hard To Do “It”: This is actually the best reason to do “it.” Traders waste a lot of time and money trying to simplify something that requires a complex solution.
If to accomplish your goal it’ll require 20, 30, 40 steps…how many other people do you think are going to take the time to create this system? You’ll have given yourself a Forex trading asset that is almost impossible to replicate. So roll up your sleeves and start building and creating it!
5. I.N.I.’s: Ignorant, negative, influences. The more traders you tell about your trading plan, the more traders you’ll meet that will tell you why it won’t work. Be careful about who you tell, because often traders with the least experience in what you’re trying to accomplish, will offer the most advice or criticism.
Get rid of these traders as advisors and instead seek out traders who’ve accomplished similar goals and have been where you have been who will provide educated positive insights.
6. Isolation: The Forex trader is the loneliest person on earth. It’s been said: It’s hard to have courage in the dark by yourself. So what’s the answer to this?
Easy, don’t go it alone.
Get traders to come on your journey with you. You can take someone inexperienced but work towards the same goal or better yet, find or hire someone who knows the way and let them guide you. Link(Strategic Breakthroughs Forex Trading Book)
Finally, my friend thanks for reading through and here you have it, The Six reasons why you don’t stick to your trading system and plan.
Talk To You Soon And See You Inside,
European Session Pip Earner And Coach
Helping You Financially
Author: CashForex Portfolio Trading Book