Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.
The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood. The goal of this website is to promote financial literacy that would lead to greater financial understanding, confidence, motivation to save and invest.

Trading Psychology – Forex, As A Drug

For some traders – Forex has turned to a drug to which the trader gets used and without which he cannot live any more.

The reasons, I hope are clear. Each person subconsciously dreams of the fine and secures future and wants to pass this way with the shortest and easy road. Here also there is Forex, colorful advertising of every possible dealing center, stories about Soros, reading of books “to speculate on the Stock Exchange is simple!” (To play is simple, to earn difficult) etc.

As a result, having lost one account, the person convinces yourself that it is accident. Having lost the second account, does a conclusion that he has too much already learned. Having lost the third account, thinks out to yourself something else …

And unless it could be differently? Think. Objectively, if it has changed nothing neither in your trading system nor in your psychology why your trading account shouldn’t be lost as the previous three accounts? Besides, your way 1 to 1 repeats almost all traders of forex and stock market.

The sum on your trading to the account shouldn’t cause in you superfluous emotions. For one it is some honeycombs of dollars, for others some thousand etc. Are the tool for development of your business (work on Forex is work, instead of game).

If to consider trade on forex as business, but it is necessary to consider following moments:

– Check of your trading system (criterion – account trebling on a demo).

– At opening of the real trading account allocate that sum which you aren’t afraid to lose. The micro accounts start from 0.01 a prize and mini 0.1 prize, depending on your financial position.

– Try to get acquainted with at whom you were going to open the real trading account. It is possible to visit office of dealing centers, to talk to managers, having eliminated PR and advertising – to constitute about them more or less objective impression.

– Seeing as it turns out at you week on 0.1 prize – pass on the following 0.2 prizes and try to take too quantity of points that you earned smaller quantity of prizes.

– Earnings partially act in film, are partially capitalized. That part which you have removed in the form of profit as divide into an emergency ration and that you spend for daily needs. Thus, you receive, purely psychologically double or threefold system of support.

– The main thing result which you bring and analyze in the evening of each working day and in a weekend, writing down results in a writing-book. And the same capitalization of the account is necessary to have possibility to earn more. Therefore lead calculations, both from the point of view of total result, and from the point of view of percent of profit received by you.

– A part of the earned means put in other absolutely not risky financial operations (from the deposit in bank before purchasing of real estate, etc.).

People who took the decision to participate in forex trading should start from learning the basics of currency exchange market to make sure you do not experience problems with this industry.

There is another option – you can hire experienced traders to managed your trading account – read more about forex investment here. Also make sure to search for the info in a good forex book.

Leave a Reply

Copyright 2010

The owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to,,,,, or
Home Privacy Policy Terms Of Use Anti Spam Policy Affiliate Disclosure DMCA Earnings Disclaimer