When a trader felt he had enough experience in the world of forex trading, it will be susceptible to "a disease arrogant". He began to believe that he really could predict exactly where price will move. He felt jumawa, feel on top of the world. "Disease" is indeed very vulnerable to attack anyone who has been in the world of forex trading for many years. Moreover, it turns out the majority of the analyzes he made turned out to be valid, so there are some institutions such as forex broker and / or service providers interested in trading analysis utilizing the services of her analysis. Never mind that "veteran forex" and success, the starters and despondent are often attacked by "disease" is; even more severe. Ironic indeed.
Disease "feel great" like this often lead a trader to think that he has really knows every inch of the market movement. Assumptions like this - unfortunately - is dangerous because it can create a forex trader feels like "Gods Trading".
People with "Syndrome Gods Trading" has a kind of confidence that he
could actually predict where the price moves without ever misses. In his mind he DEFINITELY WILL PROFIT. In these circumstances, it has really felt I could nullify the possibility that he could have made a mistake.
But unfortunately in reality not a trader can eliminate the element of uncertainty in the forex market. Uncertainty has become the character of any form of business; that's called risk. No one can give a 100% accurate prediction about what will happen in the next market. Once again: NO.
100% Accurate prediction? Ah, do not dream!
Attempting to predict market movements is like trying to predict the future. I am sure you will agree with me: no one can know exactly what will happen in the future, even in the next five minutes.
Still fresh in my memory, when I spoke at a forum about the inability of humans to predict exactly what will happen next. A few minutes later "minor accident" occurred: a glass of water drip on my laptop. Obviously, I previously did not know it would happen. Such is the risk.
As a trader, if you insist on having "supernatural talents" who can
predict the direction of the next market and stubbornly ruled out any
possibility that there is, then be prepared to face adversity.
Of course we are not talking about the ability of a seasoned trader in recognizing market behavior. In technical analysis we believe that "history repeats itself". History always repeats itself, in terms of market behavior has proved historically recurring. That is why we are able to learn and take advantage of - for example - candlestick patterns, price action and behavior of technical indicators. From studies and observations as we then could predict where the price will likely move.
Possibility Not Certainty
Well, this is the key word: "possibilities". Estimating the potential price movement different to feel jumawa can predict where the price will move. Model approach "possibility" is then that makes a forex trader to take steps carefully and anticipation by putting a stop loss. He will also arrange capital with position sizing. Even if he had a loss, he would accept it gracefully and then will evaluate trading strategies that he uses. It is never going to be done by a trader who suffer "syndrome Gods Trading".
People with "Syndrome Gods Trading" very likely not going to act in anticipation of risk. For what, if he feels will always be true?
Even if it turns out he is losing, he would stubbornly blame the market
(this part is always the most ridiculous) and did not want to do an
evaluation of trading strategies that he has.
Focus on Process
As a trader, you should not attempt to predict, but "read". What to read? Sure is behavior and current market situation, to then take the steps necessary strategic and anticipatory.
Like driving a car, when you want to overtake the car in front, you
should not assume "certainly no vehicles from the opposite direction". Instead, you should do is to observe whether there is a vehicle in the opposite direction which is running? If not, please runway to precede your car. If it turns out there is, observe again: whether the vehicle was speeding? If yes, you should postpone the intention to overtake.
Ridiculous and silly if you insist "not going to happen" and reckless
overtaking, while many factors that it is possible to "happen".
In trading, thinking pattern as above is a process of minimizing the risk. Whether there was a valid trading signal? Is the position to be taken are in accordance with the trend? Do lots that will be traded in accordance with the capital strength? Is the stop loss limits is not too big? Is the profit targets are realistic? Etc.
Processes such as these, most likely ignored by the Gods Trading Syndrome. "Ah, do not need, will also certainly be profitable," so perhaps he had in mind. If you've been thinking like that - sorry to say - your forex trading career will not seem long.
Maybe this time out there was a person with "Syndrome Gods Trading"
laughing at this paper and threw all sorts of apology and justification. It is okay. I just remind task. Hopefully accepted.
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