Designing a Trading Plan

[mohsinqureshii 10]

Forex trading breakthroughs have a lot to do with your ability to get comfortable with being uncomfortable. Success usually comes from staying in the here and now, as well as accepting the fact that he market literally can do anything at anytime.

 

Many of your actions now may seem frustrating. Such as designing a trading plan, sticking to just a few currency pairs, learning the intricacies of a strategy. It can seem downright overwhelming too. Just imagine where you're going to be a year now with a little bit of effort and determination!

 

Here are some thoughts to get through that learning curve a lightning speed.

 

1: Hard Work Now Will Pay Off later

 

All the work you do now mastering the process of trading through Forex education will pay off. Will it pay odd today or tomorrow? Probably not, however, the small things done consistently in the right places will pay huge dividends later.

 

2: Focus On The Positive

 

Losing is a part of trading. Except it and keep your self-talk 100% positive. You will find that at the end of your Forex Journey you were your worst enemy.

 

3: Every Experience Is A Lesson

 

Learn from both your mistakes and your success equally. As the Question, what lesson am I meant to learn from this and journal it!

 

4: Choose the difficult Action Over The Easy

 

Doing this will make you a stronger Person, not just as a trader. You will find that your characteristics follow you in trading. When you grow as a person you will enhance your ability as a trader. Ask yourself what action would a profitable trader take and then do it!

 

Fully Present

 

This means rejecting thinking that doesn't support your current trading objectives, including rejecting non-trading related mental chatter (what's for dinner, balancing your check book etc). Your goal is simple-- to zero in on your trading task in front of you. Enter your personal trading zone. Deny all incoming calls. Don't check your email and please do not even think about logging into your instant Messenger account. You've got to be in a place and time where you can trade without being disturbed.

 

Ask Yourself: "Where Am I?"

The answer is: "Here"

Ask yourself: "What time is it?"

The answer is: "Now"

 

When you become fully present on the task of trading, you are able to achieve peak performance and gain an edge on the other traders in the market at that moment. How many times have you often have you been trading, felt in rhythm with the market, and then you become distracted,surfed the web,Checked your email and all of a sudden, your trade fell apart because you overlooked an indicator or failed to see what economic releases where due out during your trading session.

 

Trading in the here and now is not only powerful, it is extremely profitable! When you can direct your focus on your trading task without distractions you become invigorated and infused with the energy that comes from requiring yourself to be fully present when trading you'll find that your trading all of a sudden becomes a little easier and enjoyable.When you reach this state, stop briefly to observe it and how you feel so that you can summon this mental state more easily in the future. And journal it so you can recall all the factors that contributed of your success. That way you'll be able to set yourself up in a repeatable successful trading environment. Your journal will become the greatest trading tool you'll ever own!

 

To not become fully present when trading is to short-change your Forex Education and your account balance. It is like not accepting the greatness within your at the time the market provides you with your pip rewards.

 

Which mental time zones do you what to be in your trading? There are only three; Past(Fear), Future(anxiety) and Present(Here). it's been said that most traders spend only 1% of their time in the Present.Could you imagine what kind of profits your mind can produce when you become fully present when trading?

 

Remember these Thoughts when you get frustrated by learning a new trading technique or in transferring to live trading. from demo.If you are uncomfortable you're growing as a trader and take comfort in being uncomfortable.

 

Thanks for your precious Time...Happy Trading!!