Forex

In the trading world, it’s usually not the actual activity of placing a trade that is the problem.  That’s the easy part. The hard part is when you are on the path to placing trades that have an actual edge…and you can do it consistently keeping in mind risk parameters and in line with your ultimate trading goal. Every day, someone new to this business opens up a trading account and begins the long and slow path to profits.  Perhaps they’ve had coaching, bought a trading system or had some other type of exposure to this business. They envision the success their “mentor”, trading forum participants, Instagram user, and anybody else that places a trade has had and they seek to emulate. REACHING YOUR TRADING GOAL IS EASY …or so you have been told. It seems easy.  Many people have told them that trading is “easy” and may have shown them the results of their trading success.  If you were to scan Twitter or Instagram, there is no shortag...

These internal hurdles set back personal trading performance Is trading success determined by nature or nurture? Certainly there are personal traits that are a ‘gift’ to some traders and there are those that handicap others. Good thing is traits are not cast in stone.With determination and help, individuals can modify their own behaviour. Internal hurdle 1 – Cannot follow rule In a traffic system that has clear rules, there are still individuals who choose not to comply at the risk of their own safety Act according to personal whims Harmful, self-destructive behaviour Unable to follow plan Internal hurdle 2 – Like to catch a falling knife Catching low is a phenomenon that happens more often in the stock market among individual investors than in forex trading. Cheap can get cheaper. Then when price is zero, well it is really really cheap. If hurdles 1 and 2 are most associated with individuals who have very strong opinion about what they wa...