Last night I was doing some much needed spring cleaning in the office. I was going through that box in the closet. You know the one? The one that has been sitting there for years and you say every year you are going to get to it!
I was going through this box and it was like going down memory lane, but one of the items I came across just floored me. Back in my early days of trading the Forex market I use to write out cue cards of areas I was struggling with adjusting to the new market. Prior to driving into currencies I traded the stocks and options entirely on end-of-day trading, and jumping into the hustle and bustle of the Forex market brought a new level of emotional intelligence.
I thought you might enjoy excerpts from my cue cards. I still use them, now they are just internalized!
Cue Card #2
#1 - ALWAYS REVIEW AND PREPARE
#2 - ENTRY DECISIONS ON COMPLETED CANDLES ONLY!!
#3 - SET STOPS CAREFULLY
#4 - DO NOT TRADE AGAINST THE TREND
#5 – RISK LESS IF SECOND RETRACEMENT OF MOVE
On another note…
I am getting a lot of questions about Forex Journey training. Mainly around how and where we teach. To the latter, we do daily live online training in our trading room. This room is a live, online interactive room where we are both training live at the beginning of the New York session. Your membership gives you access to this room every morning.
In the room we follow trading rules based on the Forex Journey principals of integrating candlestick and chart patterns, as well as our comprehensive approach to Fibonacci studies. While training in the room buy and sell opportunities are set up, but during the moment of truth, the decision are left to the individual traders. . Money management techniques demonstrated and trading psychology is always on the menu.
Trading in our room is the perfect way to learn to trade the Forex market. Our techniques are potable to any liquid financial market, and will lead confident and discipline trading.
Click here to begin your Forex Journey!
Happy Trading!
Trading the Forex market I have found to be a great analogy of life. We trade as we live, with our strengths and weaknesses. Our feeling about ourselves, our cultural views on money and abundance, and especially our perception of wealth creep into every aspect of our trading. This is the reason I place such a heavy emphasis on personal self-mastery. Becoming aware of whom we are as an individual, our strengths and weaknesses, and our perspective on life will determine how well we can deploy the correct principals of strategy and risk management and remove the mask of mental poverty in our trading.
Self-mastery is taught within the context of Forex trading, but in reality it is all about identifying who we are as a person. What drives us and what holds us back. Each aspect can help or hinder us from becoming successful traders. Identifying our personal traits is so critical to our trading that it should be brought from the back pages (usually under the last chapters of “trading psychology”) to the first page of our Forex education curriculum.
Mastery of yourself not only will lead to success in the Forex market, but also success in whatever venture one decides to pursue. Forex Journey is my journey and from personal experience I have found that to experience success trading this market you will come to know yourself. This is the primary reason why we teach life and mind skills to our gold and platinum members at Forex Journey. The 90% that don’t succeed fail because they did not acknowledge who they are as a person, which determines who they are as a trader.
Trading currency is hard, but not because of complex strategies or risk management models. Forex is hard because the market is comprised of living, breathing emotional beings that can think and act both independently and as a group. It’s the human element that makes the market what it is. Know the psychology of the market through fundamentals is mandatory, but what most people ignore is that they themselves are the other half of the equation.
It all starts with becoming aware of who you are as a person to fully understand the strength and weakness you will bring to the table as a trader. Becoming aware will lead to an understanding which in turn will lead to overcoming.
Success in the Forex market cannot be borrowed or outsourced. It must be earned piece by piece and the first piece is starts with you.
Happy Trading!!
