Detailed Forex Trading Tips - Forex Forum Section
Forex Forum Navigation
Forex Resources
Forex Daytrading
Auto Trade Forex
Broker Assisted Forex Trading Systems
Become A Forex Broker
Teach Me To Trade Forex
Forex Capital
When Do I Buy Or Sell Forex
Forex Signals Chart
Forex Day
Forex Volume
Forex Trading Signals
Forex Trading Robot
Free Forex Training
Forex Az
Online Forex Broker
Forex Courses
Free Forex Charts
Forex Broker Compare
Forex Software
Global Forex Trading
Forex Day Trading Training
Forex Mentor Peter Bain
Reality Of Online Forex Trading
2005 Best Seller!
Best Forex Forum products
Warning: include(./cb/.) [function.include]: failed to open stream: Inappropriate ioctl for device in /home/ftat/public_html/forexguide/cb/index.php on line 17
Warning: include(./cb/.) [function.include]: failed to open stream: Inappropriate ioctl for device in /home/ftat/public_html/forexguide/cb/index.php on line 17
Warning: include() [function.include]: Failed opening './cb/.' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/ftat/public_html/forexguide/cb/index.php on line 17
Main Forex Forum sponsors
Welcome to Detailed Forex Trading Tips
Article
It should be noted that millionaire traders, Elder, Williams and some others are in fact professional psychiatrists. And it is not accidental that not the economists are the leaders and most successful traders, but professional psychiatrists and psychotherapists. Think about it. You will become a successful trader when you understand why it happens with Forex. You will understand what your Forex mistakes are, and why you are making them. And when you correct these mistakes you will become a trader who has no psychological barriers and obstacles on his way to better earnings in the Forex market. About the Author: For more information and articles, please, visit our site at
So, why do the psychiatrists make better traders than economists who, as one would think, have the Forex market at their finger tips?
The economists are confused by:
- the fact that exchange rates are not always related directly to the economic circumstances in the countries. Well, do you know any economist who would be bidding for low fx rates when the economic situation is getting better and better? Or the one who admits that technical analysis of currency pairs is more important for Forex trading than the fundamental one? Any economist is confident that this can never happen because he knows all the economic dogmas. But it happens in the Forex. After all, how can a trader lose with the currencies moving up and down by the economic rules? The currency will surely react to the economic changes in the country, but who knows when and how? Here is a tip: there is the Elliott fifth way to teach a lesson to the ones who believe that fundamental knowledge is enough (before the trend turns, the currency spurts absurdly by the old trend), to confuse and draw the newbies into the game, while the experts wait for the trend to turn back.
- the lack of psychological knowledge that helps to understand the behavior of the crowd. And that is self-evident.
Are there any methods to overcome this fear?
It seems that every Forex book, every article offers efficient solutions for psychological difficulties experienced by the traders.
IN FACT NEITHER OF THESE BOOKS CONTAINS METHODS TO OVERCOME THE FEAR EXPERIENCED BY A FOREX TRADER!
But what do these books offer instead?
Almost every book of this kind consists of two unequal parts:
- the bigger part of the book narrates about traders’ problem that interfere with their Forex work and make it unsuccessful (nervousness, doubts, worries, fear, sleep deprivation, etc.). As if the traders do not know their own problems.
- the considerably lesser part contains conclusions and recommendations to the traders who are to solve their problems and overcome their fears to become successful.
The conclusions are disappointing:
Many psychiatrists realize that the new field opens before their eyes – now they may treat traders whose number amounts to millions all over the world and is growing with every day. And since most traders have a dream to become as successful as George Soros and other famous traders, this new field promises to be rather lucrative.
One thing is bad though: the overwhelming majority of these new-sprung trader brain specialists do not even know what the Forex is all about.
Forex Forum News
forex forum
Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, education, live traders forum, interviews with some of the most respected names ...
Read moreToday's Live Show - FXStreet.com
NEW DELHI, Nov 21 (Reuters) - India will emerge stronger from the global economic crisis and global institutions must be made more representative of developing nations, Prime Minister Manmohan Singh said on Friday. In speech to a conference, Singh ...
Read moreUPDATE 1-India PM: global institutions must be representative - FXStreet.com
This diary is a summary of key events likely to affect trading in the Forex and debt markets. All times GMT. ----- Top FX News: Top Fixed Income News: Top Macroeconomic News: European equities ...
Read moreDIARY - Day ahead in the FX and debt markets - CNBC
Nov 14 - A Tentative Rebound In Risk Appetite Starting To Unsettle Congestion, Boost The Dollar And Yen Nov 14 - Euro, British Pound Keep Pressure on the US Dollar Ahead of Retail Sales Report (Euro Open) Nov 14 - US Dollar Retracement to Offer ...
Read moreA Tentative Rebound In Risk Appetite Starting To Unsettle Congestion ... - DailyFx
(RTTNews) - Corporate leaders hold the view that the India's financial sector is in good shape to weather the global crisis, while warning against overreaction. They are also seeking resistance to protectionism and revival of WTO's Doha round of ...
Read moreIndia Fit To Weather Global Crisis - RTT News
Mumbai: Expect the markets to take the Reserve Bank of India’s (RBI) persuasive moves on Saturday to direct lending to real estate sector with a pound of salt. The simple point being, when current loans are under distress, why will banks lend more ...
Read moreRealty lending eased, but will banks bite? - Sify
WASHINGTON DC: The first leg of the financial summit got to a good start, with the assembled heads of the leading 20 nations attending the inaugural banquet held by US President Bush and more substantive consultations taking place among the so-called ...
Read moreAll eyes on joint global financial action - Economic Times
TOKYO - Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen. The US government ...
Read moreJapan economists call for 'Obama bonds' - Asia Times
The number of 'dollar millionaires' in South Africa has increased from less than 25,000 in 2004 to over 55,000 in 2007, according to the World Wealth Report According to the World Pay Report , South African managers are earning disposable incomes ...
Read moreFast Facts & Quick Stats About South Africa - South Africa Good News
Receding inflation has raised hope for a further cut in the short-term lending (repo) rate cut by at least 50 basis points, which experts feel might come sooner than later. The financial meltdown will not spare any sector of the economy, but on the ...
Read more