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Saturday, June 15, 2013

Why some Forex traders lose their money?

That approximately 99.99% of Forex traders are looking for the best system would be a Holy Grail for them, they get through millions. A lot of people do not stop to convince these traders (and in any case will not hear them because traders are still losing traders) given the extent of their splendor.
I've taught a lot of people trade foreign exchange methods in recent years, and in particular how to trade and price movements. Some traders have transferred the accounts of small to large accounts in the blink of an eye, and others struggled on finding the equivalent point in their entire lives.

How can imagine that two people have the same level of education, and using the same tools, but they get different results to a large extent? Are trading using the same maps, timelines same and have the same use of influence, etc. How can someone the ability to kill the market and the other kill? 

The thing that separates between these Altajeryn is that "the trader who regularly takes money from drivers think differently. These thoughts then turn to the actions differently, and therefore it gets different results. " 

So the question here is how these people think in a different way? Successful trader sees the market from a different perspective. These traders see the market as a means to make money and realize the following: 

- Market neutral and there is no room to play with or against merchant 

- The market does not come out or any person who enters 

- Prices go up or down just to another dealer the process of buying or selling, not because of the news or external factors. News does not raise prices. The external factors may change the point of view of traders in terms of buying or selling price goes up / down, but if there is a major event in the news will not be the only reason for the trading price movements, but people who use the news as part of their analysis of the trade. 

- Everyone has his mind the loss is not an integral part of the business. 

- There is no market makes traders happy 



How do these ideas change the behavior of traders? 

The very strong ideas. Where ideas that can significantly affect the behavior of the merchant, and the main ideas and emotions experienced by the merchant regularly is fear. Whatever merchant tried to get rid of this feeling, but it still exists. It is believed that the presence of merchant is this passion that will determine the outcome. 

When fear begins running on amateur traders begin to make mistakes in trading. These mistakes include: 

- Play at stand points and goals while continuing trade.

- Profit-taking at full speed 

- Allow trade to continue with the knowledge that it is time to turn it off 

- Log trading is not ideal because of the fear of not being exploited 

These are a few examples of errors that may be committed by amateur traders, in decision-making which leads to bad results. If you want to start to change your results you need to start changing the way you think about the markets. Do not let the fear you have a place. The merchant has a good plan sticking out at all times. And especially when he realizes that the fear creeps in and of itself, and makes it a priority to stick to the plan regardless of what they feel. In the end, you need to made you realize that the market is simply a way to earn money. Completely neutral markets. When the creeping fear in the souls you stick to the plan developed by.

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