Tuesday 14 June 2011

Why A Journal

Before we move forward ask yourself these questions:

1. Do you feel anxious and stressed when you trade?
2. Are you working harder but still losing in the markets?
3. Do you feel wound up at the end of a trading day?
4. Does the market feel like a hostile place for you?
5. Are you failing to execute your trading signals?
6. Are you searching for a trading system?
7. Are you consistently losing?
8. Do you live in a land of hope?

Did you answer yes to any of these questions?

Don’t worry it is estimated 85-90% of all short-term forex traders lose money.

Simply put you will probably continue to lose thus repeating the same mistakes over and over again until you are wiped out fi-nancially, physically, and emotionally. That is when you worry!

First step is you must develop a "Trader's Mindset", and secondly you must keep that mindset!

To reiterate;
· 20% of your trading system is your trading method & money management · 80% is your trader psychology

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