TRADING FX IS EASY, IF YOU DEVELOP A WINNING ATTITUDE

The past few days have been another revelation for me. I strongly think that trading the Forex market is a piece of cake, IF YOU CAN CONTROL YOUR EMOTIONS. That is the only obstacle in front of us.

Fear and greed are the cause of losing money in this market. We fear the trade won't reach the profit level, so we close it early. We can't accept that a trade is going bad, because we're greedy, and we widen our stop loss. So we cut our profits and let the loss run. When we should do the opposite: CUT YOUR LOSSES AND LET THE PROFITS RUN!

I don't know about you, but that's why I lost money. I won over 65% of my trades in the 2 months and a half I've been trading live. But I lost money because fear and greed were stronger than my brain was. And there was also anger after I lost a trade. I jumped in with another poor trade just to get my money back or get revenge on the market. And lost again. We need to get this through our head, that the market is not our enemy. If you lose a trade, that's your fault, not the market. Accept it and go on. Stay focused, only get the good trades. Don't fear the market, stay "in the zone" (as Mark Douglas would say), watch what price is doing now, don't think about your previous trade (no matter if it's a winner or a loser; euphoria can also be devastating if you can't control it).

When you get past these obstacles, trading is like riding a bycicle. It just becomes a reflex. I haven't yet reached this goal, but I feel I am almost there. I know what my problems are, I know where I am wrong when I am wrong and I know I have to avoid the same mistakes over and over again. And I know some guys have made it. They are successful. They're not smarter, they didn't study at better schools, they just have a different attitude: the attitude of a winner.

If you act like a loser, you'll always be a loser. Take the winner attitude. A winner does not fear anything. A winner is patient, planing his moves carefuly. He does not underestimate his opponents (the human emotions). He knows his opponents very well and knows what to expect. Know your emotions, observe yourself while you are trading. Take note of what you feel. If you know you are afraid when that happens, then you can control that fear and use it in your favour.

Let the battle begin!