How to set your progress back in Forex trading?
In life, one often tries to break things down in order to be easier to understand. As a result of this division, an attraction occurs towards the individual which makes him feel good. He underestimates the importance of many failures that seem to him to be nothing more than accidents, or misfortune. But sometimes, he just ignores it completely.
As is the case with the individual sees that this happens to him a lot in Forex trading. As he is suddenly trading in the red Forex zone because an important news event he did not think about.
Driven by frustration, he decided to extend his stop and let his Forex trading take off. But in the end, his trade will return to a significant breakeven point and he will end his Forex trading day without any change. It focuses only on a positive result, and moves on to the next Forex trade.
While he had nothing to lose in this deal, he hadn’t learned from it. But the next time he trades what happened, he could end up doing the same thing over and over again, but this time with a completely different trading outcome, possibly devastating to him.
He has to ask himself, is he thinking positively because he doesn’t want to know his weaknesses in trading?
To many traders this may seem to be completely counterproductive, but they have to embrace their weaknesses in order to grow. And by choosing to bypass their weaknesses, this looks like chaos.
This may seem fine to them in the current trading time, but over time, they will find a buildup of chaos and cause them major problems.
But when they embrace their personality shortcomings it is something they should do, as traders, they should know to do it because there is something important they should learn in Forex trading.
They operate in a dynamically dominated market environment which may show no mercy to a trader who stands idly by.
They also have more to learn from their weaknesses and losses than from their strengths and gains. These gaps give them an important and tangible goal in order to improve their trading.
So what can a trader do to embrace this weakness?
Rather than treating their weaknesses in a difficult negative, traders look at them in an inspiring new light in the habit of a positive full assessment.
Yen traders have a habit of using very tight Forex trade stops because they are afraid of losing a lot of their money.
They get stopped out a lot and end up facing a string of Forex trading defeats. As this makes them feel very afraid of entering into trading deals that may expose them and lose some of their money. Then they find themselves stuck in a vicious circle that freezes them.
The attitude of these traders towards Forex trading is negative, but this is done through a significant positive reassessment, they can use their basic weakness as their strength.
Since instead of focusing on their fear of losing, they can use this fear to re-evaluate their trade in a distinctive and positive way and see it as a big problem with position size. They can reduce these trade sizes so that they can take on fewer trading risks while at the same time expanding their stops.
If they can twist a negative idea, tendency, or trait into positive trading thoughts, they can make it work for them rather than against them.
Take a closer look at the particular way expert traders use their small niche to their advantage. In a trade where the length of the deal is a definite advantage, as the trader does not let his relatively small deals frame get in the way.
Where instead of the trader seeing this as a defect, he uses speed and precise skill in order to implement to pay his deals quickly, or he makes room for every second he needs to conclude his deals.
What is a positive trader’s approach to trading?
Suppose a trader is easily overcome by his emotion when his trade begins to conflict with him. As a result, we will find that he tends to extend his stop loss order when he loses his trades.
A little positive reassessment can help him shift his focus away from how this tendency holds him back and toward how it helps him.
Since you should know that his feelings always appear when the Forex market conditions are not favorable for his trades, when he finds himself wanting to extend his own stops, he can in fact use it as a signal to potentially trim his losses.
In the base of this process, instead of letting the trader control it, he will end up using his own emotions as an important signal to make a better Forex trading decision.
As we can see here, looking at this problem from a different angle can go a long way in helping a trader improve their trades.
It can give him many new insights about dealing with his problem, and it can also help him turn his trading weaknesses into strengths.
If a trader can twist a particular idea, emotional tendency, or negative trading trait into a positive trading idea, he can make it work for his trades rather than against them.
