YOUR MARKET OPPONENT

Most traders are under the illusion that their greatest opponent in the market are the skilled pros out there who are waiting to gobble them up. While they are worthy opponents, there is an opponent even more worthy, if you go to the mirror, you will find them. The biggest enemy to trading successfully is YOU and your mindset.

The thing that usually demolishes traders besides getting into the game way too early (while they are still very, very green) is their lack of discipline and patience. The hardest thing in the market, especially if you are a natural Type A personality, is the waiting.

The natural type A makes the perfect forex victim, because we like to see things move and like to get things accomplished. While this is a very desirable trait in most other aspects of life, it can be to your determent in forex.



It is the incredible volatility and fast pace of forex that attracts us in the first place, but when the market is stagnant, it can make us nuts, often causing us to make premature ill-timed entries.

That is why it is essential to your long term success for you to perfect your WAIT!!!!!

What are you waiting???
For proper trade set-ups!

Trades in harmony with your trend will usually be the most profitable and give the most reliable signals.

LEARN YOUR CANDLESTICK PATTERNS!
LEARN YOUR TRENDS!!!
LEARN YOUR SUPPORT/RESISTANCE!!!!!
LEARN ABOUT MARKET RHYTHM!!!
LEARN MARKET PSYCHOLOGY!!!!!

AFTER LEARNING ALL OF THAT.

YOU MUST PERFECT THE ART OF WAITING !!!!!!!! (^_^)


YOU CAN DO THIS (^_^)


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TRADING PREDICTABLE

There are times when the market is murky, cloudy and choppy, but there are the sweet times when the market is crystal clear like a cool refreshing spring. That is when you want to be in it. Many traders try to swim in all market waters. This is a big mistakes. Dirty waters are full of sharks.

IF YOU DON'T CLEARLY SEE AN ADVANTAGE; DO NOT TRADE!!!!!



IF YOU CAN NOT SEE A TRADE SET-UP, IT IS PROBABLY BECAUSE THERE IS NOT ONE.

You may wait a whole day for a market set-up, never to get one. That is when traders get antsy and agitated and begin creating trades from thin air. Mostly ending up on the wrong side of the trade. WHY gamble with your capital like that?????????? THAT IS DUMB.

When the market is lost, let it wander, but you stay out. It is hard, I know, as all of your emotions are screaming at you not to miss out. Miss out on what??????

What you are missing out on is the set-up for the BIG KILL. SOMETIMES THERE IS NO TRADE and if you are wise, you except that and go find some other way to occupy your time. If you are no a pro, don't play the out-smart-the-market game, it will make road kill out of you fast. You may get away with it a time or two, but you can be sure that eventually it will catch up with you, because market strategies don't stay the same. It only takes that one 200-400 pip shake out day to change your world for the worst.

Trade when your trades are more predictable than not. Trade when the waters are cool, refreshing and crystal clear. Trade when the market is sending you a VERY CLEAR invitaion to jump in. If the water is murky, you can believe there are sharks. SWIM AT YOUR OWN RISK !!!!

YOU CAN DO THIS (^_^)

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Trader's friend

So you wanna get paid???? Well Forex is a great way to do it. This site is to try to give you some insight, so that you can avoid many of the pitfalls new traders encounter when they begin trading.

There are two really good ways to learn how to trade.

#1 You can go broke, like I did, or

#2 Learn from someone who knows how.

When you go broke trading, you do one or two things, quit or learn to trade, which is what I did.

When you fall in love with trading, you will find it is as addictive as a drug, but failing in the market repeatedly makes you feel like you are going to die.

Not to worry, you can learn to trade successfully.

#1 You must be disciplined,

#2 You must be patient

#3 You must K.I.S.S. (Keep it simple Sexy)

Trading isn't hard, just tricky, It is tricky because Trading goes against all of your logic and instincts, and makes no common sense, but not to worry, it can be almost mastered, I say almost because there are no fool proof systems of success in the market, all you can do is put the odds in your favor as much as possible.

While I am tempted to tell you everything in this introduction, we will go slowly.

Ok, I can't help it. Just a little advice along the lines of "trading isn't hard, just tricky";


The market never makes common sense to your mind or emotions, which keeps
you thrown off. Wait until you can clearly see an opportunity where you truly have
the odds in your favor and it may only happen twice a day, if that. This is physiological
warfare, a total mindfield(mind game) in which you have to have nerves of steal
and the ability to outwit those who make their living trading against you.

Thank you for visiting, please check back for lessons that can help you trade better.

If you have any Questions, please feel free to write to me at •*¨¨*•-:¦:-•* -

Tradersfriend@yahoo.com.

I will do my best to help

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This blog is not in anyway an enticement or solicitation to trade in the Forex Market. These tips are for informational purposes only and are not to be substituted for legal advice or council. I have written this blog in hopes that it will help you to avoid some of the terrifying pitfalls I had in the Forex Market before I learned better.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you need for living expenses and cannot afford to lose.