I am now working on a longish video to discuss the main reasons for Trader failure. We all know the stats, 95% fail blah blah, but of course you are not one of them, or are you?
In this video, which will only be the starting point, I intend to explore some truths, based on my experience as a trader over many years. I will be looking at belief systems, at self sabotage and at blindly following signals and other traders.
This is quite a task and I want to get it as accurate and comprehensive as I can, so I have set no deadlines and will publish it when I am ready, and when I know it's right to do so.
Whatever you do, if you are consistently losing money in the Forex or any other market, please stop throwing your money away, it's habit forming and will eventually cost you more than the money you lose. Stop, examine what you are doing, take a good long long at yourself, and simply observe yourself with no judgment or criticism. Often, simply slowing down and taking a calm and reflective look can do the trick.
I know that sometimes it's easy to blame the market, to see those little ticks as the enemy, "Why is it that it always goes against me?" and other such questions. If you consider the fact that the observer often changes the results of the experiment, you may be able to start seeing the importance of what you think about, but this is a very big topic, involving some Quantum Physics and further explanations. (I recommend "The Intention Experiment" by Lynne McTaggart).
The purpose of this post is simply to keep you informed and ask you to send me any questions/ideas or anything at all you'd like me to explore that will help you with your trading, please send me an email to mailto:firstname.lastname@example.org?subject=Why Traders Lose money, questions/ideas and I will try to include as many as I can. Alternatively simply leave a comment below.
Have you checked out Rover North Forex Trading Method
- The Psychology of Successfully Trading Forex (globaltransition.net)
- Forex Trading Fact - a Startling Fact Which if Understand it Can Give You Success! (forextradingspeculation.wordpress.com)
- A Breakthrough in Trading Forex and Stocks -- The WayBack Simulator (prweb.com)
- Three Simple Rules To Follow To Become a More Successful Spot Forex Trader (forextradingspeculation.wordpress.com)
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