OK, so here you go again you're thinking... if Trading the FOREX Market is not about making money, why in the world would a person, mmm... me; get up at one thirty in the morning to sit in a dark room, looking at 4 screens, drinking coffee and contemplating the financial goings on in some far away land?
Well, so I'll admit it flat out, I love making money, sometimes big money and yep, I've also made some poor decisions which have cost me but I learn from my mistakes, especially ones that are pointed out to me by my family and friends. FOREX Trading IS about Making Money! That's why I sit in this seat hours at a time. However, sometimes I reflect on other accomplishments not just upon being able to transfer money into our debit accounts and take ski vacations in Aspen and Vail Colorado (nice getaway place is http://www.cordilleralodge.com/ for your family).
Sometimes though, it's about trusting my experience and implementing a great trade and catching a trend. The simple fact that I had made a great trade puts added pressure on me to maintain a steady composure and not let my head abandon pride and integrity because I'm winning.
With that in mind, I should mention that your trading plan, like mine, should include principles that can help you implement FOREX Trading Strategies that follow sound behavioral patterns that focus upon commitment, concentration, recovery from loss and future planning. These are hard things to do because as part of the process; you have to be willing to admit uncertainty, let go of your ego, identify fear, and come to the understanding that you have a lack of knowledge and more.
So, first things first, review your trades everyday, then compare what you are doing with your actual FOREX Trading Plan; in the end, use what you learn to adapt to a more balanced trading process.
Remember to use good money management. Happy Trading.
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