Below is a link to a free 8 hour audio book on trading psyscology by Mark Douglas called Trading in the Zone. This is a world class publication that will reduce the learning curve for most aspiring traders by years, or make the difference between ultimate failure and success in this business or even other aspects of one’s life.
The Right Attitude for Success
- Thread starter maximumpossiblesuffering
- Start date
Good one. Thanks for sharing.
Is it? I will also watch it then.
Yup. worth watching.
Success in forex trading is not an easy thing to achieve. For this, you have to maintain a positive attitude and should be able to take responsibility for any risk that comes along. Always be prepared for the worst and try to learn and work hard to make the best efforts for avoiding losses.
It is really important to be optimistic in finding success. If your attitude is right, you will not be afraid of obstacles. Always think that success is possible and you can achieve it. Never doubt yourself. Take challenges and work on them. Failures are just a part of your success. It may be trading or any other thing in life, be positive, keep working hard and success will definitely come to your way.
As for me, every trader should have a comprehensive approach to trading. I realized the importance of this approach through my own mistakes, and this understanding became one of the key moments of my formation as a trader.
So, what is the comprehensive approach to trading? Initially, the comprehensive approach implies a wider view of the trading process than most non-professional amateur traders see it. Many, having read technical analysis works, look on the price chart, trying to see the characteristic figures or divergence of price and indicator. Other traders giving preference to the fundamental analysis wait for release of important financial news, and then try to connect with them current, and to predict the future price movement on their basis.
The danger of this one-sided approach is that if a person is looking for certain signs (whether they are technical analysis figures or the relative position of stars in the sky), he will definitely find them (and even where they aren't actually there).
You don't have to try to embrace the infinite, I'm only saying that before making a decision you should look at the question from several angles, it will always help to clarify the situation and as a result - to protect you from mistakes.
So, what is the comprehensive approach to trading? Initially, the comprehensive approach implies a wider view of the trading process than most non-professional amateur traders see it. Many, having read technical analysis works, look on the price chart, trying to see the characteristic figures or divergence of price and indicator. Other traders giving preference to the fundamental analysis wait for release of important financial news, and then try to connect with them current, and to predict the future price movement on their basis.
The danger of this one-sided approach is that if a person is looking for certain signs (whether they are technical analysis figures or the relative position of stars in the sky), he will definitely find them (and even where they aren't actually there).
You don't have to try to embrace the infinite, I'm only saying that before making a decision you should look at the question from several angles, it will always help to clarify the situation and as a result - to protect you from mistakes.
