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FEATURED ARTICLE:

The Tao of Trading

by Cynthia Macy

Co-Author of The Day Trade Forex Trading Systems

 

Traders, here's a special item that you should print out and tape to the wall beside your computer and you should read it several times a day:

 

The Tao of Trading

~ I believe I am or will be a successful trader.

~ I believe I can achieve excellent results in my trading.

~ I believe I can identify and execute winning trades.

~ I believe I can trade with confidence.

~ I believe I can trade effortlessly and automatically.

~ I believe each day's performance is fresh.

~ I believe I am personally responsible for all my trading

   results.

~ I believe I can be successful without being perfect.

~ I believe my performance as a trader, does not reflect

   on my self-worth.

~ I believe one bad trade is just that.

~ I believe trading is a process.

~ I believe Glen Campbell should have quit when he was ahead.

~ I believe that by believing in myself and in my proven

   methodology, and by approaching trading each day with a

   fresh, positive state of mind, I possess the ultimate trading edge.

 

Keep a Trading Journal

It is a good practice to keep a simple trading journal. This way you can keep track of your trades and progress and be able to analyze, improve and hone your trading skills.

Simply include the time you entered and exited the trade, the currency pair, the chart time frame (this is important), and the strategy (breakout, trend or top or bottom). Also include write down what happened and what you could have done differently for future reference.

Fear of Failure

Most entrepreneurs fail and the basic reason is they don't have the inner-fortitude to get through the tough times.  Most traders will give up on a trading system after three straight losses!

Having an effective trading system is not enough to be consistently successful in your trading.

In a poll taken among Traders a few months ago, it was determined that the biggest Mental/Emotional issue that prevents traders from consistently applying their tested trading system is the Fear of Failure.

Inability to pull the trigger when a trade signal is given....or when you enter/exit a trade based on emotion (rather than following your system)...causes poor trading results.

My gift to you is the SOLUTION to this critical problem:

http://www.cynthia-recommends.info/tradinghelp/index.html

This Link will take you to a specially prepared Self-Improvement Mental Training Session, "Overcoming Fear of Failure".  FOR FREE!

By sitting for this 9-minute training, once a day, for 2 weeks, you will transform any notions of the fear of failure into strength and confidence to follow your trading system.

Be patient in your learning process and keep in your awareness that if you learn to trade successfully, you will have a cash cow system FOR LIFE that is safe, independent, portable and highly profitable.  It will give you the freedom to quit your J.O.B. (Just Over Broke) and travel the world and earn a great living, with just a portable laptop and your debit card!

 

About the Author

Cynthia Macy is co-author of  ‘The Day Trade Forex System: The Ultimate Step-By-Step Guide To Online Currency Trading’.

Visit:

http://www.daytradeforex.com/products.htm

for examples of actual trades using the Day Trade Forex Trading System.
 

For more comprehensive trading information, visit her other websites at:

http://www.successtrading2000.com/tradingpsychology.htm

http://www.successtrading2000.com/forex.htm

http://www.successtrading2000.com/IRStaxinfo.htm

http://www.successtrading2000.com/activetrader/

http://www.successtrading2000.com/ExcellentTradingEbooks.htm

http://www.professionalforextradingonline.info

 

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