Hello, and welcome to Forex Air blogspot. My blog is created to share the concepts of Technical and Fundamental analysis, and demonstrate how to apply these methodologies to your trading account. I hope all newbie or beginner can start thinking and acting like a trader, and i will try my best to give you the proper tools and mind set to trade with confidence in the Forex markets.
For beginners,
You are responsible for opening a Demo Account and practice with each Technical Indicator. Please keep a TRADING JOURNAL, record every thoughts that you have, every move that you take, every bit of your emotions, your feelings. It may sounds stupid to write something like "Oh my god!, eurusd is falling again, i'm losing more than 100 pips, I'm feeling nervous, should i close the trade? should i wait ? maybe this is the bottom, it will rise again....", however, this is your own true self, YOU! You are now facing the game, facing yourself, yourself is the enemy. So, writing about yourself/enemy in your Trading Journal will help you know better of yourself/enemy. Now you know what you were, ask yourself, 'Am i a Forex Trader?' (please answer YES), and change your incompetence attitudes. When people made a losing, they can't help it but to blame the market, blame the news, blame everything, Blaming won't help in trading nor your life!
Please do not be afraid to make mistake, like Rober T. Kiyosaki said : "The biggest mistake is No Mistake".
I wish all of you the best of luck, and happy trading!
Sincerely,
Chad Lau.
BWW Network
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment