How You Can Become a Winning Trader




The best traders set an objectiveâ€"an amount of money they want to make, a percentage gain they want to achieve in a given period, a portfolio total number they want to reachâ€"and then try to make decisions in line with that vision. They strive to become independent and self-actualizing, and they are ready to face the consequences of their own decisions rather than rely on others. Like them, you need to develop your own power, and to be circumspect about the power you bestow on others.The most successful traders bring their vision to a focus with specific goals. You need to do the same and to promise die result to yourself. Many traders are reluctant to do that. "How can I know what I will do until I see where the market goes today?" they ask. "I'll see where the market is headed, then take advantage of the opportunities I see." When thinking about your goal, imagine what it will do for you or enable you to do and how it will increase your ability. As you begin to consciously choose your own trading objectives, you will notice how much of your life has been focused on pursuing unconscious objectives conditioned in childhood. You will learn how much more satisfying things can be when you begin to actively pursue consciously chosen goals.When it comes to trading, motivation is critical. Make sure you really want to trade. People are often drawn to the "easy" money of trading. It's easy in the sense that all it takes is money to get underway inthe business. But more than money is involved. Self-understanding and self-mastery are critical.If you want to gamble, this isn't the right field for you, nor should you enter trading if you are unwilling to tolerate, or learn to tolerate, the emotional changes and roller-coaster effects of risk. The key issue is to minimize your imperfections and maximize your potential, to ride out errors, to keep your emotions under control, and to continually assess the variables of the market so that you begin to make optimal choices more of the time.--Automate your Forex Trading, Download: FapTurboResult.comSource: http://www.articletrader.com
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