Tag Archives: Free Forex Course

When Not To Trade….

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Whatever type of Trader you are, there are some periods or points in your life when it probably isn’t in your best interest to trade and I’m not referring to unpredictable economic events such as FOMC and NFP etc or non-favoured days of the week or month.

Profitable trading nearly always relies on thorough market analysis and timing and being in the right mind set, rested, fit and alert to all the possibilities and prepared to have the courage of your own conviction to take the trades that you see.

Over the years I have learnt that there are definitely times in your life when it isn’t in your own interest to be trading and that isn’t just the likely unprofitable outcome but also in terms of one’s relationships and mind set.

Such events are:

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Do You Hope & Pray?

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When learning to trade it is easy to get seduced into making impulsive unplanned trades with no Trade Plan or trying to force the markets into giving you some profit when the market isn’t ready to give it to you. Plus, of course, there is the issue of FOMO (Fear Of Missing Out) and Revenge Trading or trading with so much open Risk that you are near to blowing up your trading account! On top of all that is the likelihood that you are not using a Stop Loss All the above can lead you to being in a losing position and starting to stress, worry, sweat, swear and ‘Hoping’ and ‘Praying’ that the market will turn around and get you back to a Break Even or better position.

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Forex Trading Success Formula Launch

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Today we launched the first module of our Forex Trading Success Formula and each week, in addition to our 2 e-guides on trading, subscribers will receive a new module to help them in their quest to become consistently profitable traders. It doesn’t matter when you subscribe you’ll still receive each lesson or module in the right order at weekly intervals.

Module 1 – Expectations – addresses initial expectations; taking responsibility for your trading actions; accountability as a useful tool to keep on the straight and narrow plus lots more.

So just enter your details in the box below and we’ll see you on the inside. 

Thanks.