There are over $3 trillion a day in trades, that means forex is the largest market on the planet. That means there is an amazing potential to profit at this.
How can I tell if my head isn't in the game?
- That is easy. If you start to feel mentally tired, as if you're not wanting to put the energy into thought. There is also the stressed out feeling which is just nagging in the back of your mind. There is also the frustration, which starts to work you up and make you upset. These three all have a negative affect on your trading experience. You need a calm and cool mind to make decisions with your money, and these states will leave your mind cutting corners, leaving you with pretty bad decisions.
How bad are emotions in trading?
- Emotions are pretty bad to the process of trading. They will often leave you thinking you made the right move, only to see your profits disappear. Emotions are what turns you from a trader and into nothing more than a gambler. Do you really want to make money at this when it all just boils down to a roll of the dice? No, of course not. Focus on the facts. Analyze currencies and use the FACTS to make DECISIONS. The FACTS are not biased and do not lie. So every body has to remember this.
