forex psychology (courage in the face of danger)

Having harnessed your potentials in terms of learning the market, taking a currency pair and trying to master its reactions to news and speculations( bla bla bla) there’s need for you to take a trade.

In taking your trade, so many things goes on in your mind like; are you crazy? do you think you are entering at the right time? your heart begins to pump, adrenalin keeps splashing all over as you press the trigger………………….BAMMM!!!!

All of a sudden, the market starts going against you and you begin to ask yourself, Oh God, I said it, aw!! I should have gone long or short!!! or in between(whatever that means). Its usually at this point, when you begin to see your raw earned cash being swept under the floor that you can know who has logically built him/herself for the trade. Your first point might be, men i got to close this trade to avoid losing more, even though something deep down might tell you to follow the pattern and of course the plan. Your emotion just got the better part of your reason, and just as you click the button, as if the market was just waiting for you to blow the whistle, the market reverses and begins to head back towards your previous direction. So what, you might say, men if I had known, I would have held on a little bit………………..

There is a need to master your emotions if you are to be profitable in this trade. Learn the basics, see so many materials on the web, and most importantly DEMO TRADE with the amount you wish to trade with and handle it as if it were your real money, applying all the gimmicks you’d like to apply using this pseudo money so that you can grab the basics ahead of what works for you and what doesn’t.

Remember, the wise is only able to stay longer because he has a trading plan, which consist of his money management. KEEP FIT.

the season of change

I am not very good at trying to explain things much more when i’m probably still at the implementing stage. But i believe as the saying goes, “show your ignorance to the world so that they will know where you stand and you also stand th chance of being corrected”. I believe if i stand to declare i’m still a tiro, a lot more learned and talented individuals out there might take pity on me and be willing to put me through my ignorance.
To start with, you can not truely know who you are until you become what you aren’t. The journey to success starts with a step be it in the right or wrong direction; the step is actually necessary.
I feel that most people fail, not because they don’t know what to do, or how to do it, or where to begin from but because they don’t have the drive and stamina to see it to the end. The road to success is definitely not an expressway, there are always thistles, torns, stones of all manners that might make you think as if you’re actually going nuts passing through it but dear, believe me you are not on the wrong track. The obstacles only serve to make you tough. I believe the quote”tough times don’t last but tough people do is quite familiar”.
I am treading the path presently, it doesn’t look funny though, more because I feel i have the right tools in scaling the fence but i always get caught by the pole before even i scale the fence. Thats just how it always looks but i’ll stay with it to the end!!!!! and I think you should too. Keep humping till you see the crack on the wall. SEE YAH

see more publications on:just click here