How to Be a Successful Forex Trader
Here is the latest from Aden Rusfeldt:
As many of you have undoubtedly realized, there's a lot more to being a successful Forex trader (or any trader) than the way it appears.
I think most people have the impression that it's easy to be successful. And in a sense it is, until you try to repeat that success on a consistent basis. You know, to be able to generate an income you can count on.I define consistency as a steadily raising equity curve where the draw-downs you experience are the result of the natural losses that any trading methodology will incur.
Not included in this definition of consistency are the losses and draw-downs that are the result of trading errors.Trading errors create, what I know many of you are experiencing as the "profit gap." That's the difference between what you clearly perceive as possible and your bottom line results. Eliminating the errors is the tough part of this business because it has to do with having the appropriate "trading mindset."
It's the psychology part of the success equation that virtually everyone falls victim to and discounts how important it is. Until, of course, they experience the devastating effects of errors that result from trading with fear, a lack of discipline and improper focus. Most traders mistakenly assume that having a really good edge and understanding the markets will compensate for lacking this "traders mindset."
On the other hand, the best traders at some point realized that closing the "profit gap" is a function of developing a healthy balance between understanding the markets and cultivating the appropriate attitudes about trading. They learned, usually quite painfully, that its not just what you know about the markets that counts, its how to think about what you know that makes the difference between experiencing some winning trades and the steadily raising equity curve of a top-notch trader.
As many of you already know from my results as a money manager and system developer, I have dedicated myself to providing you with one of the best Forex trading methodologies available. So, I've got the market knowledge part of the equation covered. However, I also want you to be able to utilize these trading methodologies in a way that you can experience their full potential.
To do so will require the acquisition of some very specialized mental skills. And to teach you these skills I've asked Mark Douglas the author of "Trading In The Zone: Master The Market With Confidence, Discipline And A Winning Attitude" and "The Disciplined Trader: Developing Winning Attitudes" if he will come to Houston and help all of us learn how to become more consistent in our trading and close the "profit gap."
Click here to order now:
http://www.1shoppingcart.com/app/netcart.asp?MerchantID=65495&ProductID=3237803
I think this is the kind of presentation that any serious trader can't afford to miss. He said that he would spend the whole day with us on Saturday Nov. 4 from 8:30am to 5:00pm. In his presentation Mark will breakdown and explain at a very fundamental level the psychological dynamics behind the traders "mind-set."
Including:- How to neutralize typical trading fears so that you can trade without doubt, hesitation or internal conflict.
- How to recognize and eliminate costly trading errors. - How to get out of your own perspective so you can think objectively, in the markets perspective. - How to get into and stay in the "now moment opportunity flow."
- How to practice a disciplined approach to eliminate the effects of self-sabotage.- How to create the most ideal beliefs about trading successfully. - How to create consistency.- The 4 things you need to master, and how to.
- How to take all the pressure off. - How to think in probabilities. - The 5 fundamental trading truths.
- The critical mindsets you should not trade in (probably not what you think).
- How to break impulsive trading permanently out of your life. I truly believe that this one time event is somethingyou can not miss if you are serious about becoming or staying a successful trader. I will be buying lunchon Saturday afternoon for everyone and the hotel is right next to the airport.
As many of you have undoubtedly realized, there's a lot more to being a successful Forex trader (or any trader) than the way it appears.
I think most people have the impression that it's easy to be successful. And in a sense it is, until you try to repeat that success on a consistent basis. You know, to be able to generate an income you can count on.I define consistency as a steadily raising equity curve where the draw-downs you experience are the result of the natural losses that any trading methodology will incur.
Not included in this definition of consistency are the losses and draw-downs that are the result of trading errors.Trading errors create, what I know many of you are experiencing as the "profit gap." That's the difference between what you clearly perceive as possible and your bottom line results. Eliminating the errors is the tough part of this business because it has to do with having the appropriate "trading mindset."
It's the psychology part of the success equation that virtually everyone falls victim to and discounts how important it is. Until, of course, they experience the devastating effects of errors that result from trading with fear, a lack of discipline and improper focus. Most traders mistakenly assume that having a really good edge and understanding the markets will compensate for lacking this "traders mindset."
On the other hand, the best traders at some point realized that closing the "profit gap" is a function of developing a healthy balance between understanding the markets and cultivating the appropriate attitudes about trading. They learned, usually quite painfully, that its not just what you know about the markets that counts, its how to think about what you know that makes the difference between experiencing some winning trades and the steadily raising equity curve of a top-notch trader.
As many of you already know from my results as a money manager and system developer, I have dedicated myself to providing you with one of the best Forex trading methodologies available. So, I've got the market knowledge part of the equation covered. However, I also want you to be able to utilize these trading methodologies in a way that you can experience their full potential.
To do so will require the acquisition of some very specialized mental skills. And to teach you these skills I've asked Mark Douglas the author of "Trading In The Zone: Master The Market With Confidence, Discipline And A Winning Attitude" and "The Disciplined Trader: Developing Winning Attitudes" if he will come to Houston and help all of us learn how to become more consistent in our trading and close the "profit gap."
Click here to order now:
http://www.1shoppingcart.com/app/netcart.asp?MerchantID=65495&ProductID=3237803
I think this is the kind of presentation that any serious trader can't afford to miss. He said that he would spend the whole day with us on Saturday Nov. 4 from 8:30am to 5:00pm. In his presentation Mark will breakdown and explain at a very fundamental level the psychological dynamics behind the traders "mind-set."
Including:- How to neutralize typical trading fears so that you can trade without doubt, hesitation or internal conflict.
- How to recognize and eliminate costly trading errors. - How to get out of your own perspective so you can think objectively, in the markets perspective. - How to get into and stay in the "now moment opportunity flow."
- How to practice a disciplined approach to eliminate the effects of self-sabotage.- How to create the most ideal beliefs about trading successfully. - How to create consistency.- The 4 things you need to master, and how to.
- How to take all the pressure off. - How to think in probabilities. - The 5 fundamental trading truths.
- The critical mindsets you should not trade in (probably not what you think).
- How to break impulsive trading permanently out of your life. I truly believe that this one time event is somethingyou can not miss if you are serious about becoming or staying a successful trader. I will be buying lunchon Saturday afternoon for everyone and the hotel is right next to the airport.
posted by Learning Coach | 11:39 PM
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