Win at Forex Trading with ForexGen

There is one problem that most forex traders fail to come to terms with and lose and its operating in an unstructured environment – this is the major underlying reason traders lose, so lets it explain it and its significance in more detail.

In normal society we confirm to rules and laws they govern our lives and those of our fellow citizens, were used to them and we conform to them.

When a forex trader trades, he has to operate in an unstructured environment and create his own rules to live and survive by.

This sounds easy enough to achieve, however nothing could be further from the truth – it’s very hard and most traders simply can’t achieve it.

Let’s take a closer look at the problems associated with operating in an unstructured environment.

1. Taking Responsibility For Your Actions.

This means taking charge of your destiny and most people simply cannot accept this responsibility.

They want the comfort of having someone to hold their hand and blame if thinks go wrong.

Problem is if you don’t accept responsibility, you won’t win - no one else will make you rich in Forex trading, you’re all on your own.

2. You Have To Create a Set of Rules to Survive

The market which you confront is all powerful, it moves as and when it wants – it’s always right and you can only be wrong .

Again, this causes major psychological problems for traders – we all hate being wrong, but in this instance you have to accept the market is right ALL the time, if you don’t you will run loses and the market will destroy you.

Most traders get frustrated and break their rules, or create a new set as they lose and end up chasing their tail. If you create rules you must have the discipline to apply them and most traders simply lack the mindset to do this read more….