Trader mindset / Theforexscalpers.com

Trader mindset / Theforexscalpers.com

Trader mindset.

Trader mindset.

The forex scalper is active long enough to penetrate and recognize the thoughts of many traders.
It’s important to know about the emotional and psychological part of trading.
If you think strategy matters your partly wrong.
You need to be smart, patience, disciplined and have the right mindset to be a successful trader.

Don’t get me wrong. There are a lot of webistes trying to sell a robotic, profit guaranteed, system.
Ever thought why? All they want is for you to buy their product.
They give you the illusion that their system is 100% waterproof so you buy their product.
But let’s think a bit longer before buying these systems.
If they are 100% successful, why is the price just a few hundred dollars?
If it gives a guaranteed profit it should be valued much and much higher.
If you have a system that will guarantees you a profit, would you sell it for a few hundred?
Just what I thought, you won’t.

trader mindset

As experienced traders we tend to tell you the truth and the truth only.
The thing is. Starting traders more often realize that their so called “guaranteed profit” system doesn’t work the way they hoped it would.
That’s why we give you this decent course.
Having an effective trading strategy is just a small piece of the big puzzle.
Again, balance your emotions and be aware of your mental process is vital in this business.

 

 Why majority of all traders keep losing / Trader mindset.

The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations.
They think it’s a getting rich quick system.
Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week.
That’s just unrealistic. The Forex market is not a casino.

These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat.
Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?”
Always have the rule that you can explain why you make a certain decision.
Your thoughts have to be robotic and emotionless.

Start trading with money you can lose. Since losing money is part of this business.
We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%.
In the beginning the emotions will probably get the better of you.
You open your account after you’ve red some about Forex and bought your winning system.
You are all excited to become rich and live that lifestyle you’ve always wanted.
At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision.
Don’t get caught up in your dreams like all the other traders do.
Think a head and you will have a bright future!

 

“Practice makes perfect”.

Doubt / Trader mindset:
The worst you can do is doubt yourself. When you don’t have faith in yourself you start asking other traders or online forums to search for answers that aren’t there.
Remind yourself, your opinion is the one that counts.
Trust your guts and judgement. Learn to live and love it!

Try not to look at other traders or what their doing. They might have a slight different strategy.
For example you are looking for a 5 PIP profit and trying to compare yourself with a trader that is looking for a 50 PIP profit.
You see the danger in this?

Dutch Forex University is active long enough to penetrate and recognize the thoughts of many traders. It’s important to know about the emotional and psychological part of trading. If you think strategy matters your partly wrong. You need to be smart, patience, disciplined and have the right mindset to be a successful trader.     Don’t get me wrong. There are a lot of webistes trying to sell a robotic, profit guaranteed, system. Ever thought why? All they want is for you to buy their product. They give you the illusion that their system is 100% waterproof so you buy their product. But let’s think a bit longer before buying these systems. If they are 100% successful, why is the price just a few hundred dollars? If it gives a guaranteed profit it should be valued much and much higher. If you have a system that will guarantees you a profit, would you sell it for a few hundred? Just what I thought, you won’t.   As experienced traders we tend to tell you the truth and the truth only. The thing is. Starting traders more often realize that their so called “guaranteed profit” system doesn’t work the way they hoped it would. That’s why we give you this decent course. Having an effective trading strategy is just a small piece of the big puzzle. Again, balance your emotions and be aware of your mental process is vital in this business.        Why majority of all traders keep losing.  The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations. They think it’s a getting rich quick system. Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week. That’s just unrealistic. The Forex market is not a casino.   These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat. Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?” Always have the rule that you can explain why you make a certain decision. Your thoughts have to be robotic and emotionless.    Start trading with money you can lose. Since losing money is part of this business. We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%. N the beginning the emotions will probably get the better of you. You open your account after you’ve red some about Forex and bought your winning system. You are all excited to become rich and live that lifestyle you’ve always wanted. At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision. Don’t get caught up in your dreams like all the other traders do. Think a head and you will have a bright future!   “Practice makes perfect”.  Let’s take a look at the emotions that influence your trading:   Doubt:  The worst you can do is doubt yourself. When you don’t have faith in yourself you start asking other traders or online forums to search for answers that aren’t there. Remind yourself, your opinion is the one that counts. Trust your guts and judgement. Learn to live and love it!   Try not to look at other traders or what their doing. They might have a slight different strategy. For example you are looking for a 5 PIP profit and trying to compare yourself with a trader that is looking for a 50 PIP profit. You see the danger in this?  Every trader has a different experience or a different way of analyzing. What doubt does. It makes you listen and value the opinion or strategy of the other trader more. You stop following your rules and this might very well led to a big loss or even bankruptcy.       After a few losing trades it’s likely to doubt yourself and you strategy. Mostly you think you don’t have what it takes or something in the area. Advice is to look at your mistakes and learn from them. Let these mistakes adjust your strategy a little bit. Maybe you conclude that it wasn’t a mistake and simply bad luck. If that’s the case keep doing what you did and trust yourself that the outcome will be profitable on the long run.   “Move on, understand what happened in the past but do not have an emotional attachment to it.”

Every trader has a different experience or a different way of analyzing.
What doubt does. It makes you listen and value the opinion or strategy of the other trader more.
You stop following your rules and this might very well led to a big loss or even bankruptcy.

After a few losing trades it’s likely to doubt yourself and you strategy. Mostly you think you don’t have what it takes or something in the area.
Advice is to look at your mistakes and learn from them. Let these mistakes adjust your strategy a little bit.
Maybe you conclude that it wasn’t a mistake and simply bad luck.
If that’s the case keep doing what you did and trust yourself that the outcome will be profitable on the long run.

 

“Move on, understand what happened in the past but do not have an emotional attachment to it.”

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

Forex mistakes / The most mistakes made / theforexscalpers.com

Forex mistakes / The most mistakes made / theforexscalpers.com

Forex mistakes / The most mistakes made.

Forex mistakes / The most mistakes made.

No one likes losing money. Even the richest of the rich hate losing money.
So fear will always be a part of this game. Key is to find a way to switch it off and believe in yourself!

The Forex market is like any other business, most business aren’t profitable in the first years so don’t expect a miracle starting at the Forex market. However, with the right skills and mindset you can be successful in a few months.
Don’t rush success. It’s like surfing. Learn to ride the waves and fear will be in your past.
Once you know how to ride the waves of the market or the sea you have little to no fear to take them on!

 

-Revenge / Forex mistakes:
An emotion that is as old as Santa and the pope combined. After a losing trade it’s pretty normal to feel revenge. You want to make up for your losses. People that have been to casino’s before probably know this feeling really well. It’s also just the way our fantastic brain works. To protect yourself keep in mind there is no such thing as a guaranteed winning trade. So don’t take it personal when it is not your fault at all. For example: You’ve just made a trade GBP/USD. You’ve bought a lot USD. An hour later something like 9/11 happens again…. Obviously the position of the USD is going down. Was their anything you could do about this? No! Unless you work fort he CIA or something like this. Than again if you have a job like that you probably shouldn’t focus on trading. Point is. Sometimes there is just noting you can do about it. Why would you be hard on yourself and try to make up for it. That’s the point were emotions are getting involved and you start losing more.
Forex mistakes
Revenge can lead to more negative outcomes. So don’t punch your screen or throw away your mouse or phone (Yes I’ve been there during my poker career).
It doesn’t help you at all. In fact it puts you down even more. Now you’ve lost money on a trade and a broken phone that will cost $200 to repair. So who are you kidding?

=Greed / Forex mistakes:
Greed is arguably the most dangerous of all emotions. When you experience an upswing or streak of winning trades it can give you that wonderful feeling that you are the king of the world. The feeling of: I told you so! Maybe you think, oh well, this is just so easy let’s take some more risk. I’ve proven to right all the time in the past. Why would I be wrong this time…? The human brain simly want more and more of that success. This is were you need to stay humble, take your winnings, give yourself o pad on the shoulder and move on to you next winning trade.

There is the possibility to add more money to a successful trade. This means higher the initial risk as well. If you do this just out of greed your making a wrong move. If you hae a good reason for doing so than you’ve made the right decision.

When your account balance goes up doesn’t mean the size of you trade needs to go up as well. When you know your goal and when you’ve reached it you probably won’t be tempted to risk your whole account blindfolded.

The avalanche effect of greed will occur when you hear success stories of other traders that make you want to have the same success as well. Always remember that, even good trader, will only make 80% winning trades. Meaning he losses 20%. These 20 out of 100 losing trades can very well may be all in a row. Does that mean you’re a bad trader? Not if you stayed with your plan and strategy.

Forex mistakes

-Risk Management:
When you don’t have your risk under control at every trade, you simply open the door for the friendly but emotionals neighbours to come in and dominate in your house. We promise it’s hard when you start trading at the Forex market. Because it is an emotional market. It’s hard to stop trading emotionally once you’ve started or even admit you’re trading emotionally. The game is about how much you lose or better said how you minimize your losses. Not about your winnings. We all have that gambling friend that always talks about his big winnings. He never tells you about the day he lost $1000 on one hand of Black Jack does he? A good example that shows you how important it is to minimize your losses. You don’t want to lose that $1000 you’ve won with 100 hands on one hand do you?
So set your losing limit before you trade. This has to be an amount that your completely OK with losing. If you lose it’s just another day at the office.

-Organized trading / Forex mistakes:
Clarity and a good organization are the two aspects that your success will depend on. What do we mean with organized? Stick to your plan and read your trading journals. Remember it is not a casino where you just gamble on black or red. Forex is about knowledge and having a plan and stick to it.

Forex mistakes

 

-The pitfalls / Forex mistakes.
99% of the traders make mistakes. So here are the most common mistakes for you so you hopefully won’t make the same mistakes.

-Losing trades / Forex mistakes:
Losing trades are just another day at the office. It’s just that simple. Don’t let them get to you. Every trader on Wall Street or trading from his home office will face losing trades. A trader with a 80% success ratio will still lose 20 out of 100 trades he makes. Keep your risk tight, safe and disciplined.

-Losing money / Forex mistakes:
Unfortunately 90% of all traders are losing traders. They lose their confidence, start doubting themselves. This encourages them to pay for bad Forex services or even desperately let other “winning” traders trade on their account. Again, there are many people with no winning track record willing to help you for a certain price. Don’t be desperate. Your will land power is all you need!

Most important reason for repetitive losing traders/ Forex mistakes:

-Chart Loonatic:
There are lots of fundamental impacts that could easily distract a trader. Also there are a ridiculous amount of trading systems and trading software, which have lots of indicators and templates etc. As a trader you’ve got to filter these indicators and narrow them down to the ones that matter the most for your own strategy. WARNING: This could be difficult for a beginning trader.
Forex mistakes
It’s not necessary to spend hours and hours behind the screen analyzing the news or charts.
Keep it simple and stick to what you need. Keep it organized.

-Over-Trading:
Most traders lose money simply because they trade too much. We call this over-trading. Over the years we have learned that traders succeed on their demo account but once the real game begins they start losing. Once your real money is on the line your emotions are kicking in. Prove that emotions can kill your account. Over-traders purely trade on emotions.

Everything comes down to your technical skills and not your emotions. So try to create an environment with little to no emotions for yourself. This is done be being organized and having a plan.

-Why Risk Management is so important:
Risk management is vital for success, safety and sustainability in Forex trading. Risk management won’t let you lose more on a trade than your comfortable with. Lots of traders forget about the chance of losing on a trade. Ask yourself this question: “Why would you take more risk than your comfortable with?”

Even if you are one of the best traders or you have this unique talent to see the right spot to step in a trade. Without good risk management you will never be a successfull trader on the long term. Basic knowledge is to always go for more PIPS as your willing to lose.

-Aim for the money not for the PIP:
Remember Forex is a job not a casino. Traders who approach the Forex market as a gambler or as an addict to money won’t make the right decisions. He will start thinking irrational and make Forex mistakes. So don’t think of in dollars but think in PIPS.

Let me break that down for you. When your mind is on the money and you think in dollars your risk management won’t work most of the time. There is always this voice of the devil in your head saying “What if…” Or “Maybe this or that will happen”. Stop thinking like this. Get these dollar signs out your eyes and start think like a real trader. It’s not that easy as use a couple of big lot sizes and flee the scene when your positions are positive. So always calculate your wins and losses in PIPS. Always trade with more or less the same volume. You trading plan has to have PIP goals and PIP risks. How many PIPS do I want to win? Or how many PIPS do I want to risk with this trade?

-No Game Plan:
Most common made forex mistakes is not having a game plan at all. Traders just start out of the blue without a real strategy or plan. If your watching sports, do you think the athletes don’t have a game plan? I bet you a $100 that every team or individual athlete has a game plan. Don’t think like all the other traders “I’m going to make my plan after I’ve done a few trades”. You will end up with an empty account.
Right thing to do is keep track of your trades. Make reports of your trades (a trade journal) so you can look back at what you did and maybe change your tactics a little bit. Organized work like this will help keeping your emotions out of the game as well.
Remember that the game plan you started with doesn’t have to be the winning one, so call a time out, look back and adjust to a winning game plan. Pretty cool right! You can be the coach of your own professional sports team!

Forex mistakes

“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz

Want to know more about trading in forex / forex mistakes or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

Self control and trading

Self control and trading

Self control and trading

Self control and trading

Self-control:

Self-control is something that you need for any analytical decision and the execution of trades.
Your success and sustainability will be determined within the market through your ability to maintain a centered and clear mind before executing a trade.
Often when a trader makes a mistake, they will be aware of that mistake. They also know that it’s only them to blame.

Self control and trading

Most common mistakes:
– Trade too big Lot Sizes.
– Replacing your Stop losses.
– Open up too many trades.
– Use of wrong leverage.
– Leave trade open too long.

You and only you have control over your actions in the market.
Along your trading journey you will definitely have to fight your inner demons, nevertheless it is a great journey of self-development and discipline.

” Self control and trading ”

The temptation to trade just becasue you’ve got a good feeling about i twill always be there!
From the moment you open your laptop in the morning your thoughts will constantly be focused on opening a position.

This temptation can lead to the opening of each trade that shows you, but it must be fought with good discipline.
In a business like forex, only persons who have good self-control are rewarded with positive and consistent trading results over time.
To reach these consistent trading results over time you have to be aware of the differentiation of all scenario’s. Even as recognizing when it’s your time to step in or when it’s time to sit back, relax and just watch the show.

It’s really important to learn how to set realistic and reachable goals for yourself. This doesnt mean you can’t be a millionaire on one day, but it means that you need to understand a skill like this is highly valued so obviously it takes time to master.
Set monthly goals and keep an honest, close relation with your trading notebook. Do this the day you start trading. Don’t let the losses bring you down during your road to success. Take them as an opportunity to grow.

Forget about the money you are trying to make. To be consistent should be your only goal.
Consistent analyses, consistent drawings, consistent PIP calculations and a consistent positive attitude.

Finally, your trading plan should be as honest and as organized as possible. Other questions you need to ask yourself:

How many time a day will a look at the market?
Which pairs should I trade?
How many trades can I open at once?
What is the max. risk on my account?
What sort of trader am I?

This questions are really important to get to know yourself as a trader. Where are your flaws and where are your talents? Know who you are and who you are as a trader.

Experience a winning trade streak could possibly lead to a “On top of the mountain” feeling. Be aware of that. This is the result of not keeping your eyes on the price (being consistent) anymore, but letting gread and money take over your emotions. This may very well lead to a big mistake that brushes away half of your account. Remember to take the small steps in order to be successful on the long run!

Best broker: IC MARKETS.

Losing Trades

Losing Trades

Losing Trades

Losing Trades / The pitfalls.

99% of the traders make mistakes. So here are the most common mistakes for you so you hopefully won’t make the same mistakes.

Losing trades:
Losing trades are just another day at the office. It’s just that simple. Don’t let them get to you. Every trader on Wall Street or trading from his home office will face losing trades. A trader with a 80% success ratio will still lose 20 out of 100 trades he makes. Keep your risk tight, safe and disciplined.

Losing Trades

Losing money:
Unfortunately 90% of all traders are losing traders. They lose their confidence, start doubting themselves. This encourages them to pay for bad Forex services or even desperately let other “winning” traders trade on their account. Again, there are many people with no winning track record willing to help you for a certain price. Don’t be desperate. Your will land power is all you need!

Most important reason for repetitive losing traders:

Losing Trades – Chart Loonatic:
There are lots of fundamental impacts that could easily distract a trader. Also there are a ridiculous amount of trading systems and trading software, which have lots of indicators and templates etc. As a trader you’ve got to filter these indicators and narrow them down to the ones that matter the most for your own strategy. WARNING: This could be difficult for a beginning trader.

It’s not necessary to spend hours and hours behind the screen analyzing the news or charts. Keep it simple and stick to what you need. Keep it organized.

Losing Trades

Losing Trades – Over-Trading:
Most traders lose money simply because they trade too much. We call this over-trading. Over the years we have learned that traders succeed on their demo account but once the real game begins they start losing. Once your real money is on the line your emotions are kicking in. Prove that emotions can kill your account. Over-traders purely trade on emotions.

Everything comes down to your technical skills and not your emotions. So try to create an environment with little to no emotions for yourself. This is done be being organized and having a plan.

Losing Trades – Why Risk Management is so important:
Risk management is vital for success, safety and sustainability in Forex trading. Risk management won’t let you lose more on a trade than your comfortable with. Lots of traders forget about the chance of losing on a trade. Ask yourself this question: “Why would you take more risk than your comfortable with?”

Even if you are one of the best traders or you have this unique talent to see the right spot to step in a trade. Without good risk management you will never be a successfull trader on the long term. Basic knowledge is to always go for more PIPS as your willing to lose.

Aim for the money not for the PIP:
Remember Forex is a job not a casino. Traders who approach the Forex market as a gambler or as an addict to money won’t make the right decisions. He will start thinking irrational and make mistakes. So don’t think of in dollars but think in PIPS.

Let me break that down for you. When your mind is on the money and you think in dollars your risk management won’t work most of the time. There is always this voice of the devil in your head saying “What if…” Or “Maybe this or that will happen”. Stop thinking like this. Get these dollar signs out your eyes and start think like a real trader. It’s not that easy as use a couple of big lot sizes and flee the scene when your positions are positive. So always calculate your wins and losses in PIPS. Always trade with more or less the same volume. You trading plan has to have PIP goals and PIP risks. How many PIPS do I want to win? Or how many PIPS do I want to risk with this trade?

Losing Trades – No Game Plan:
Most common made mistake is not having a game plan at all. Traders just start out of the blue without a real strategy or plan. If your watching sports, do you think the athletes don’t have a game plan? I bet you a $100 that every team or individual athlete has a game plan. Don’t think like all the other traders “I’m going to make my plan after I’ve done a few trades”. You will end up with an empty account.
Right thing to do is keep track of your trades. Make reports of your trades (a trade journal) so you can look back at what you did and maybe change your tactics a little bit. Organized work like this will help keeping your emotions out of the game as well.
Remember that the game plan you started with doesn’t have to be the winning one, so call a time out, look back and adjust to a winning game plan. Pretty cool right! You can be the coach of your own professional sports team!

 

 

From demo to a real account:
After a few successful trades on your demo account it’s tempting to switch directly to a real money account. We completely understand this hunger of you. And why wouldn’t you? After all you’ve just made a few winning trades. The Forex world is all yours baby! STOP right there! Don’t make this mistake unless you have a good strategy and master the strategy of price action trading. If you don’t? Keep playing on your demo account until you are consistently successful for 3 to 6 months. This is a really important lesson. You won’t dive in a deep swimming pool not being able to swim right?

It’s just a big difference between a demo and real account. Once your trading with your own real money emotions will get involved. That’s why you need to take your time and wait to your completely sure of yourself. If not, keep practicing. As told before: “Practice makes perfect”.

Best Broker: ICMARKETS.

Why majority of all traders keep losing.

Why majority of all traders keep losing.

Why majority of all traders keep losing.

Why majority of all traders keep losing.

The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations. They think it’s a getting rich quick system. Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week. That’s just unrealistic. The Forex market is not a casino.

These unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat. Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?” Always have the rule that you can explain why you make a certain decision. Your thoughts have to be robotic and emotionless.

Start trading with money you can lose. Since losing money is part of this business. We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%. N the beginning the emotions will probably get the better of you. You open your account after you’ve red some about Forex and bought your winning system. You are all excited to become rich and live that lifestyle you’ve always wanted. At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision. Don’t get caught up in your dreams like all the other traders do. Think a head and you will have a bright future!

 

Why majority of all traders keep losing.

Let’s take a look at the emotions that influence your trading:

Why majority of all traders keep losing-Doubt:

The worst you can do is doubt yourself. When you don’t have faith in yourself you start asking other traders or online forums to search for answers that aren’t there. Remind yourself, your opinion is the one that counts. Trust your guts and judgement. Learn to live and love it!

Try not to look at other traders or what their doing. They might have a slight different strategy. For example you are looking for a 5 PIP profit and trying to compare yourself with a trader that is looking for a 50 PIP profit. You see the danger in this?

Every trader has a different experience or a different way of analyzing. What doubt does. It makes you listen and value the opinion or strategy of the other trader more. You stop following your rules and this might very well led to a big loss or even bankruptcy.

 

“Move on, understand what happened in the past but do not have an emotional attachment to it.”

 

Why majority of all traders keep losing-Fear:
For beginning traders it’s so easy to have fear. Fear of the market not moving the right direction. After all your playing with real money now. Starting traders with no effective strategy of trading plan should stay away from a real account. Simply because your just gambling and probably don’t know why you are making certain decision. You are just clicking buttons in the hope you win.
Fear can occur after a streak of losing trades. You start doubting yourself again and so no light at the end of the tunnel. Start realizing that a good trader makes 20% losing trades. As I said before. It’s about minimizing you losses and maximize your winning trades!

The Forex market is like any other business, most business aren’t profitable in the first years so don’t expect a miracle starting at the Forex market. However, with the right skills and mindset you can be successful in a few months.

Don’t rush success. It’s like surfing. Learn to ride the waves and fear will be in your past. Once you know how to ride the waves of the market or the sea you have little to no fear to take them on!

 

Why majority of all traders keep losing-Revenge:
An emotion that is as old as Santa and the pope combined. After a losing trade it’s pretty normal to feel revenge. You want to make up for your losses. People that have been to casino’s before probably know this feeling really well. It’s also just the way our fantastic brain works. To protect yourself keep in mind there is no such thing as a guaranteed winning trade. So don’t take it personal when it is not your fault at all. For example: You’ve just made a trade GBP/USD. You’ve bought a lot USD. An hour later something like 9/11 happens again…. Obviously the position of the USD is going down. Was their anything you could do about this? No! Unless you work fort he CIA or something like this. Than again if you have a job like that you probably shouldn’t focus on trading. Point is. Sometimes there is just noting you can do about it. Why would you be hard on yourself and try to make up for it. That’s the point were emotions are getting involved and you start losing more.

Why majority of all traders keep losing.

Why majority of all traders keep losing-Greed:
Greed is arguably the most dangerous of all emotions. When you experience an upswing or streak of winning trades it can give you that wonderful feeling that you are the king of the world. The feeling of: I told you so! Maybe you think, oh well, this is just so easy let’s take some more risk. I’ve proven to right all the time in the past. Why would I be wrong this time…? The human brain simly want more and more of that success. This is were you need to stay humble, take your winnings, give yourself o pad on the shoulder and move on to you next winning trade.

The best broker?

Want to know more please contact us!

Our Courses include a lifetime membership!

 

Trading mindset

Trading mindset

Trading mindset/Psychology behind Trading.

Dutch Forex University is active long enough to penetrate and recognize the thoughts of many traders.
It’s important to know about the emotional and psychological part of trading. The right Trading mindset.
If you think only strategy matters your partly wrong. You need to be smart, patience, disciplined and have the right Trading mindset to be a successful trader.

Trading mindset

Don’t get me wrong. There are a lot of websites trying to sell a robotic, profit guaranteed, system. Ever thought why? All they want is for you to buy their product. They give you the illusion that their system is 100% waterproof so you buy their product. But let’s think a bit longer before buying these systems. If they are 100% successful, why is the price just a few hundred dollars? If it gives a guaranteed profit it should be valued much and much higher. If you have a system that will guarantees you a profit, would you sell it for a few hundred? Just what I thought, you won’t.

As experienced traders we tend to tell you the truth and the truth only. The thing is. Starting traders more often realize that their so called “guaranteed profit” system doesn’t work the way they hoped it would. That’s why we give you this decent course. Having an effective trading strategy is just a small piece of the big puzzle. Again, balance your emotions and be aware of your mental process is vital in this business.

Trading mindset

Start trading with money you can lose.
Since losing money is part of this business. We can have a good guess what is going to happen in the future but still we can’t predict it for a full 100%. N the beginning the emotions will probably get the better of you. You open your account after you’ve red some about Forex and bought your winning system. You are all excited to become rich and live that lifestyle you’ve always wanted. At that moment you need to start thinking clear and trust in yourself and always explain to yourself why you made a certain decision. Don’t get caught up in your dreams like all the other traders do. Think a head and you will have a bright future!