Do You Still Lose?
Have You Given Up On Forex Trading?
Forex trading looks easy at the beginning. In fact, when you initially learn a little about the technical analysis and then you look at the back data and locate the past trade setups, you think that you have found the right way to make a living and achieving your dreams, but you get a different result than what you expected when you open a live account and start live trading.
Why? Do the market and charts behave differently when live trading? Or there is something that doesn’t let you win and make money?
Finally, after a while of trial, error and losing, you give up and you think that it is impossible to make money through forex trading, or if it is possible and some people are doing it really, it is because they are genius and extraordinary, and/or there are some top secrets about forex trading that nobody will share with you. There are some others who think that God doesn’t want them to make any money through forex trading. That is also a good excuse to give up for good 
This is something that happens to 98% of the traders. I have seen people who gave up after or even less than one week. There was a gentleman who signed up for a live account few months ago. He looked so eager at the beginning, but after less than a week, he emailed and said that he wanted to close his account, because he had tried enough and he thought that he can not make any money through forex. He said he wanted to try making money through promoting the products on eBay. I don’t know what he is doing now, but I am 100% sure that he has also given up on eBay and many other things after that, and he is still looking for a way to make money. Something he didn’t know is that forex, stock, eBay, pizza delivery, taxi driving, dish washing and… will have the same result as long as he doesn’t know where the main problem is.
I have also seen so many who have been trying for so many years and still losing and looking for a new trading system and indicator everyday. They have not given up on forex yet, but they have not tried to find the reason of their failure during all the past several years. If they had spent only few minutes to analyze their behavior, they could have easily seen where the problem was. It is not the market, the charts, God and… . It is only you who do not allow yourself to win. It is in your behavior and the way you look at the things around you.
It is the same with any other thing in your life. Everybody fails sometimes, but the difference is that some people learn from their failures and then change the way. These people will succeed finally. But others always accuse the others, conditions, God and… . The reason of 99.99% of our failures in anything like education, career, business, personal life and also forex is in ourselves. We do not see the things exactly as they are. We see them the way we like them to be seen. And this is where the problems come.
I am not going to give any advice about life here. I am not qualified to do that. I am here to talk about forex. But let me tell you that if you succeed to resolve your forex trading problem and you change from a losing trader to a winning trader, your life will also be changed, not because of the money you will make through forex trading, but because to resolve your forex trading problem you have to change the way that you look at the things, and if you succeed to do this, you not only can resolve your forex trading problems, but you can also change the other aspects of your life.
Whether you like it or not, forex trading has a direct relation and connection with our mind, thoughts and emotions. If you want to make money through forex trading, you have to master your mind.
Back to the beginning of this article, why does it seem so easy when you just start learning the forex trading and technical analysis, and when you check the back data and locate the past trade setups, but you get an opposite result when you start live trading?
It is very easy. The reason is that while live trading you do not see the forming/formed trade setups exactly as when you check the back data and previously formed trade setups. When you look at a formed trade setup that has already worked perfectly and moved the market to the expected direction for hundreds of pips, everything including the price movement formed before the trade setup, the trade setup, and the price movement formed after the trade setup are in front of your eyes. But when you are trading lively, you can only see the price movement formed before the trade setup, and also the trade setup, but not the price movement formed after the trade setup (because it is not formed yet).
So what is the consequence?
Your subconscious tries to form the missing part (the price movement that has to form after the trade setup) in your mind. Nothing wrong so far, but the problem is that if you let the subconscious go ahead of you and market, and form the price movement after the trade setup in your mind, it will always do this, even when there is no proper and strong trade setup. It easily deceives you and causes you to take the positions when either there is no trade setup, or if there is, it is not strong and confirmed enough. The result is loss, loss and loss.
You “think” you are looking at the price movement formed before the trade setup, and also the trade setup, but in fact you are looking at the price movement which has to form after the trade setup, but it is not formed yet. You are looking at the image that your subconscious has formed in your mind. You are not looking at the fact. You are looking at something that does not exist and may never form. You are looking at illusions and dreams, not reality and fact. You trade based on something that does not exist. So you lose.
In most people, subconscious controls everything. Most of what they say and do is based on what their subconscious forms in their minds. The problem is that subconscious is so stupid. It does not work based on wisdom and logic. It works conditionally and based on what it likes to see and have, not based on fact, reality and preference. It wants to see, hear and have what it likes to. When it can not see, hear and have what it likes to, it simply forms them for itself (in our mind) and so it cases us to make mistakes. This is the origins of so many problems in everything, including personal life and things like forex trading.
If you learn to distinguish and ignore the images that your subconscious makes in your mind, you will not decide emotionally anymore. Please let me give you some examples to help you understand this better. I know most people know nothing about subconscious, while it is their subconscious that decides for them in most cases. What a pity!
1. You love your son.You like your son to be always happy, provided and protected. You believe your son is the best, most innocent and loveliest creature in the world (even though you do not admit this verbally, but you believe it deep in your heart). One day your son makes a mistake and kills someone. Your subconscious that believes your son is the “best”, “most innocent” and “loveliest” creature in the world, makes thousands of reasons in your mind for not admitting your son’s mistake. Whereas you do not consider that someone who is killed by your son is son of another person who also believes that his/her son is the best, most innocent and loveliest creature in the world.
2. What if someone kills your son? Then your subconscious makes thousands of reasons that the murderer has killed the best, most innocent and loveliest creature in the world and has to be penalized in the worst possible way. Whereas you do not consider that someone who has killed your son is son of another person who also believes that his/her son is the best, most innocent and loveliest creature in the world.
When your son has killed someone, you give thousands of reasons that he is innocent and he did not mean it and so he has to be forgiven. But when he is killed by someone you give thousands of reasons that the murderer is the guiltiest person in the world, and you do not even want to listen to anything.
Where is wisdom and logic here? Nowhere. There is no wisdom and logic here. All your actions are controlled by your subconscious that works based on emotions and conditions.
You do all of these behaviors while you do not even know what is going on. You act like hypnotized people. Hypnotism is all about that. When you are hypnotized, your subconscious controls your behaviors. The hypnotist takes the control of your subconscious and your subconscious controls your behaviors.
3. You have not received the love that you needed to receive from your father. You always feel something missing, while you don’t know what it is exactly. Your subconscious always dreams about having a father who gives the love that you have not received. You grow up. You want to marry. Do you think that your subconscious let you choose the right person? No way. It pushes you to choose someone who fills the gap you have in your mind because of receiving no love from your father. Therefore, you feel so much attraction to old guys. You don’t know why, but you just feel it. You follow your inner desire (demon) and marry or establish a personal relationship with an old guy while you think you are deeply in love with him and he is what you always wanted to have. But this is something that your subconscious makes you think and the reality is something completely opposite. The old guy just wants to take the advantage of you for a while and then throw you away like a hot potato.
As soon as you see that an old guy who is smiling to you or talks nicely to you or tries to help you with something, your subconscious makes you think that he is the best and the rightest person, because it forms the image of the father and the love that you never had in your life. This is the illusion that your subconscious makes in your mind while you are not aware what is going on. You decide based on this illusion. But what are the facts that you never consider and see: he is so old; he is ugly; he is too smart and crook; he is a good actor; he has had so many others like you in his life; he looks two faced and callous; probably he could be good as a father, but he is not your father and he is not supposed to be your father; he … … …
These are all the things that you do not see. You will see them only when it is too late and you have lost a lot
Exactly like the kids bed-wetting. I am sure you remember it. The bladder is full. You desperately need to empty it. You are suffering and this is what your subconscious that is always awake understands, but you don’t understand it because you are asleep. What happens then? The subconscious knows that when the bladder is full it has to be emptied. But as this is not possible for some reason, it uses the same technique: It forms what it wants to see and have. It makes you dream that you are in the toilet emptying your bladder (whereas you are in the bed actually). Your subconscious does its jobs and performs the best it can. But it is too stupid to understand that you can not go to the toilet, because you are asleep. As it hates to suffer, it thinks that it has the thing it wants to have. It forms the dream of being in the toilet and emptying the bladder. The poor kid is too young to understand the difference of really being in the toilet and dreaming of being in the toilet. So he does what he does. He thinks he is in the toilet, but he is in the bed. He will find out when it is too late and the bed is already soaked.
That lady also “thinks” that she has found her daddy and the missing love. But neither the kid is in the toilet, nor the lady has found her dad. It is all the illusions made by the stupid subconscious. Both the kid and the lady will find out when it is too late. The difference is that, for the kid it may only cost a few spanks, but for the lady, it may cost the whole life. If we keep on following our subconscious illusions, we can make big mistakes that losing money in forex can be the smallest.
If you review your past, you will see that you have done a lot of things based on your subconscious decisions. It doesn’t always make you do the wrong things, however, in most cases, specially when making vital decisions in your life, it makes you go to the wrong direction. I told you why. Because it does not decide based on fact, reality, wisdom and logic. It looks at the things, the way it likes them to be looked, not the way they really look. It is too stupid, and so we will be stupid too if we let it decide for us.
Back to forex trading again, if you click on the buy/sell buttons of your platform everyday and you are still losing, it is your subconscious that makes you click, not your trading skill, knowledge and system (strategy), not the charts, markets and indicators, and not even God.
Everybody likes to make money and become rich. Everybody “has to” make money to pay the bills and cover the life expenses. These are the things that our subconscious believes very deeply and strongly. We can let it work only till it makes us to take some actions and look for a source of income. For example it makes us to google for a job or business opportunity and maybe find forex as an option. But it has to be limited and controlled on some stages, otherwise it will make a mess. It likes to make money and become rich. Therefore, when you sit at the computer and see the chart, it always tries to convince you to click on the buy/sell buttons, even when there is no proper trade setup. When you see the chart, it makes you think that you have found a good trade setup. You think a little more, but in your mind it forms the price movement that has to be formed after the trade setup. It forms a nice and strong movement in your mind, and finally makes you click.
It is not only that. When the position goes against you, it makes you move or remove your stop loss, again through the same technique (illusions). It makes you remember some of the cases that the market turned around after a while. But it is too stupid not to think that although the market turned around before, it may never do it this time and so your account will be wiped out.
Sounds familiar, right? 
After a while that it makes you lose, it changes its own settings. Before, it was used to think that “in order to make money, you have to trade as much as you can (greed)”. But now that you have been losing for a while, it thinks “in order not to lose all you have, you should not trade anymore (fear).” So you stop trading and you do not dare to click on the buy/sell button anymore. Even if you do, it makes you close your position as soon as it goes against you a little, or when you are in a small profit.
Later if you succeed to have some winning positions again (if it ever lets you do it), it makes you think that you have mastered the forex trading and it is the forex market that HAS TO follow you. You see yourself as the biggest trader of the world. You talk about your forex trading skills and achievements with so much excitements. Therefore, you think that now it is OK to take bigger risks. You do it and so you wipe out all you have, in one trade.
Sounds familiar also. I know
Then the fear comes back again. And this cycle will be repeated, until you finally give up.
What Is The Solution?
This is what I always tell my followers:
1. Learn the basics and then a good trading system.
2. Wait for the strong trade setups to form.
3. Take the position, set the SL and TP and forget it.
That is it.
Some more tips:
1. Do not take too much risk. Always follow the money management rules.
2. Never trade without a reasonable stop loss, no matter how skilled and experienced you are, and for how long you have been trading. For the forex market, everybody is the same.
3. Do not see beyond the obvious. See what is in front of your eyes, not something which has not formed yet.
4. Do not try to be too smart. The market is smarter than you.
5. Do not try to compete with the others.
6. Do not set any monetary or pip goal for yourself.
7. Keep it simple. Complicated trading systems and indicators are nothing but money suckers.
Bottom-Line:
If you have already given up on forex trading, you will give up on all the other things too, and you will not get anywhere, because the problem is not in forex. It is in you. And you take the problem with yourself wherever you go. Please forgive me if I look rude. I am just telling you the truth. You may not like it, but fact is fact. I am not here to entertain you and tell you something that pleases you. I am here to help you make money through forex trading, if possible. Most people do not like the way that I talk, because I am not used to candy-coat my words. Although I know that “truth hurts”, I say it anyway. On the other hand, I am not like the other brokers who encourage their clients to trade as much as they can. I know that it will be ended to margin call.
If something I am saying doesn’t make you think, you should know that there is something wrong. Not in my words, but in you.
The good news is that if you succeed to resolve your forex trading problem, the other problems that you have will be resolved too, because in order to resolve your forex trading problem, you have to learn to master your mind and control your emotions and ignore what your subconscious forces you to do. You will be a different person after making such an achievement. Now and this moment is the best time to do it. Believe it or not, but you can change yourself now and at this moment, even if you are 90 years old already.
Anyway!
Please read these articles too:
What Thomas Edison Can Teach You about Trading Forex
Learn Some Trading Tips from Albert Einstein
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Hi Forexoma
The fact is that there is nothing rude about being truthful. As a recipient we might not always like to hear it since it reminds us of our failure but how can we move forward if we do not face the facts for what they are. After all your account balance at the end of the month doesn’t lie… consciously or subconsciously, the reality is there for you to see .
Great Article Forexoma. I can almost believe it is addressed to me personally as well as the other 98% of traders of course !!!
Please keep them coming
Hi Eric,
Thank you for your comment.
I am the first one who this article is addressed to. The things I mentioned above have to be considered by everybody every moment.
Hi Forexoma,
This is a great post! I really enjoy how you have put things in a different prospective (the lady+old man, kid+toilet), yet it still relates to the point about our subconcious minds and forex trading.
Thank you so much, it has been an absolute pleasure to read
Thank you Sharon.
Hi Forexoma,
Great article as usual.
I never imagined that I would make this business so difficult.
It is a great mind game and one thing I certainly have to do is kill my imagination, which is easier said than done.
Regards,
Kel
yes your not wrong there,ive only been trading live for a couple of months but,in that time i feel like an old man already im only 35 lol!
Take it easy Dean. You should enjoy what you are doing. There is no point to suffer. Forex trading has a lot of fun. But people make it too difficult and complicated and stressful.
Hi Kel,
Thank you.
Believe me that it is much easier than what you think. You just need to follow the formula I gave you at the end:
1. Learn the basics and then a good trading system.
2. Wait for the strong trade setups to form.
3. Take the position, set the SL and TP and forget it.
That is it.
Hi all,
I’m not an expert in forex trading, I’m not live trader, but I have some programming skill enough to write an EA based on predefined sytem rules and I’m experimenting with different systems on different time frames, I have wrote and tested VISUALLY ( means: MARKET REPLAY (!) watching and observing) many EAs based on many indicators as: stochastic, macd, indicators by Bill Williams, fractals, WPR, DeMarker, trend following by MAs systems, price action, volume spread, narrow range trading, stop loss trailing.. I’m doing this all entire days, because I have many free time. My first contact with FX was 10 months ago. I have tested EAs which was giving me even 85% of winners but in total capital it was still very small profit or small losses due to large stop losses applied (to make price range window).
For now, I can tell this:
In part is right, that “IS IN YOU” if you lose, BUT: I’m highly convinced that FX market is supervised and there is an “FORCE” in it, which is calculating orders flow and making big effort to not to leave to GAIN TOO MUCH or gain LESS POSSIBLE to retail traders because of ITs own and logic interest to not to have pay to you (TOO MUCH) This “FORCE” is doing what others are calling: broker trading against clients position. If you are able to wite and start testing various EA in visual mode in Strategy Tester (MT4), very often, you can easily observ when market is going COMPLETELY against, even for FEW IN ROW position opend by EA and EVEN with TREND FILTER APPLIED. I understand that in such behavior is an logic and that is necessary to cover own interest by bigest “FORCES” in FX (if you WIN they have to pay to you and if they can, they are trading against you - not always to not create such rule) i’m not telling that profitable trading is not possible in FX but you have hard work to do and IT IS STRONGLY PSYCHOLOGICAL GAME. So you must be prepered.
Happy and profitable trading to all!
Hi Stefan,
Thank you for your comment.
There are a few things that I have to explain:
1. 10 months is a very short time to enable a trader to judge about the market fairly and correctly. You still need to spend more time and gain more experience. There is still a long way in front or you. It is too early to give expert and professional comments about forex market and forex trading. Please don’t get me wrong. I am not trying to humiliate you. I am just telling you that you still need to spend more time and learn more.
2. The “Force” you are talking about is not what you think. There is a “force” but it is the force of the forex market, not the force of any special company, individual or even a bank. Forex market is a like a huge river that nobody is able to swim against its stream. This is a huge force, but it is the force of the market. You can not make any money if you go against the market stream. No matter who you are, how big/small is your account, or how many years you have been trading. Those who go against the market stream, always lose. Those who follow the stream win.
I admit that there are some problems like the brokers that try to cheat. We have already discussed a lot about this problem and I have several articles about it. However, cheating brokers just expedite and boost the losing process of the traders. They can not stop a real professional wining trader. 98% of the traders lose, even if the broker does nothing against them. You can just let them trade and they lose on their own. But as cheating brokers are too greedy, they like to wipe out their clients accounts as soon as possible and so they cheat. They hunt the stop losses and do other tricks.
There are also some traders who win. This is a pain for the market maker brokers, because they have to pay the profit from their own pocket. So they have to do something to stop the winning traders. But a winning trader understands this very easily and closes his account and takes his money somewhere else. So the broker gets rid of the winning trader and will be happy with the losing traders that consist 98% of the clients. A broker can not prevent a wining trader from winning. When a trader takes a long position almost at the beginning of a strong uptrend, sets his stop loss 200 pips below the entry and the TP is 800 pips at least, no broker can change this position to a losing position. The trader will win definitely. However, when the broker is a market maker, they have to make the winning traders (if any) to close their accounts and leave. And this is something that a winning trader will do finally.
When the broker is ECN/STP (like Forexoma), he doesn’t care if the each of the clients win millions of dollars everyday. We do not even check and follow our clients trades. There is nobody here to do that. Our platform transfers the order directly to the liquidity providers. The rest is none of our business.
These are the thing that you still have to learn and know. You do not know the difference of market maker and ECN brokers. And so you have accused all the broker with cheating. This is not correct.
It is possible to win, and the “force” that looks against you, will be your friend if you do not fight it.
That is the point.
Good luck
Hi Forexoma,
“And so you have accused all the broker with cheating. This is not correct.”
Have not accused no brokers. In my comment I can not see words such “Do not trade FX, stay away because all brokers are cheaters” do you see it? My thought about “FORCE” means: 1st level FORCE - not brokers and not cheating but COVERING OWN INTEREST.
Correction:”This “FORCE” is doing what others are calling: broker trading against clients position.”
You shuold read: This “FORCE” is doing what others are calling (WRONGLY INTERPRETING) : broker trading against clients position.
And you have not convinced me - I’m still thinking that 1st level institutions, may exploit liquidity created by retail traders and smaller institutions to make profits.
Recently we all have seen this huge move on EUR/CHF. You think that was all sudden (15min) action of all speculators/traders to put price up 1000 points? Think about it.
Happy trading.
Hi Stefan,
Please note that forex market is like a big ocean that a few drops can not make any changes on it. Retail traders reactions and positions can never make any visible changes on the price. Also the small institutions or even one or two big banks. If you see EURCHF has moved up for 1000 pips, it can be because of nothing but a big change on the economical condition. This movement is not established to wipe out the traders’ accounts. There is no broker or bank who is able to create such a huge movement. Even the biggest brokers of the world can not make a one pip movement on the forex market, because in order to make the price move, they have to do some big transactions on their own, and this is what they never dare to because they may lose all they have.
Dear Forexoma,
I’m not telling that “Big Brother”, my broker or any other institutions is looking to wipe out my or your account, what I try to tell is: bigest institutions, by nature, have to make profits or cover own interests and one way to do it, is to exploit liquidity created by other traders (creating momentum in opposite direction).
And yes, they can move the price in one way or other. Leave alone brokers look at level 1.
By the way:
“If you see EURCHF has moved up for 1000 pips, it can be because of nothing but a big change on the economical condition.”
If I have to learn, all those complicated fundamentals, watching and analysing macroeconamic data, tracking newses, analysing economic situation for every currency, to stay away from losses and mybe make some profit trading FX, I will not trade. I will trade only if I’m profitable with technical analysis.
Happy trading and nice weekend to all.
Hi Stefan,
Fundamentals and technical analysis are not two separated things. The buy/sell signals you see on the charts are created by the fundamentals and different economy conditions. When a strong buy signal forms at the bottom of a strong downtrend on the price chart, and the downtrend changes its direction and starts going up, it is because of nothing but a change on the economy and fundamentals.
Hi Forexoma
That truly is one of the best articles i have ever read! Many thanks for your honesty and i shall certainly be looking at myself and where i feel i can improve!!
Love and light my friend
Steve
Thank you Steve.
good article well thought an inspiration for traders like me…thanx forexoma
Forexoma,
Thanks for the article. You posted it just in time for me.
I started to develop doubt in my trading. I guess I am currently at the “fear” stage you mentioned. Just getting over it, but not having a winning position for a while now (only b/e or s/l) doesn’t make the transition easier. Will keep on trying, though… Got faith and this article definitely strengthened it…
All the best and please keep up the good work,
Wojciech
Good luck Wojciech.
Hi Forexoma..
Like the other beginner traders, i feel like i am the ‘lady+old man’. thanks for this article.
jay.
Forexoma;
to tell you the truth you are the only site (person) on the web that kept me sticking with it and not giving up.
thank you for your constant inspiration and keeping the spirit alive with your helpful articles.
please keep your way of teaching cause its so much different to 99% of the sites out there.
thank you
Thank you Toidillov. Glad to hear that I am helping.
Hello Forexoma, your article refers to a lot of truth. It helps to identify when the unconscious mind is busy with its “tricks” by looking at how your body responds - if you are nervous, “jittery”, you have sweaty palms, you have butterflies in your stomach or other symptoms - they can help you identify when you are unsure about what you are doing. If this happens, most of the time you are not in sync with yourself or the market, and it is best to stop trading for a while. Thank you for reminding us of how powerfull the mind is and that it is here where we should do most of our trading work.
Hi Ilze,
Thank you for your comment and thank you for being around
To those who do not know Ilze, I should explain that she is a very skilled and professional psychologist who is also a forex trader. She is my friend and I have learned a lot from her.
Hi Forexoma,
One of the greatest forex lesson i have ever read…
but don’t forget that our subconscious protects us very often in our daily live…
and there are a lot of very happy marriages - young woman and older man…
with best wishes for you Forexoma and your forex community
Any
Hi Any,
Thank you.
Yes, you are right. Subconscious is not something harmful. It is there to protect us. That is why it makes the kid to empty the bladder, because the kid is suffering while he doesn’t know why. However, something I warned you about, is that we have to be ware of the problems that it makes.
Immune system is like that too. It is built to protect our body against germs. But it sometimes makes mistakes and reacts against our own body and causes the auto-immune diseases like MS and Lupus.
Regarding the happy marriages, you are right. But it happens when the subconscious has not forced it to happen. When it is done based on logic and wisdom, it can be a happy marriage, even when the man is so old. But when the subconscious is forcing something because of a shortage (lack), it doesn’t let us to decide properly and we will see what we want to see, not something that has to be seen.
When you are waiting for someone on the street, at the first glanceA anybody who is coming looks like the person you are waiting for. And you think he/she is coming. Why? It is your subconscious that makes you see what you like to see. You are waiting and you him/her to come as soon as possible. So your subconscious makes you see him/her coming. Same thing in marriage and forex. If you click exactly when your subconscious has made you see something that is not real, you will lose.
I don’t really comment on here but it was difficult for me not to after reading this.
This is by far the best, simple, truthful and easy to understand forex trading psychology article I have read.
Thanks Forexoma.
Thank you too Femi.
So many times i gave myself some lashes of the cane so as to stop making these mistakes.But alas! I continued to make the same mistake.Then i gave myself the beating of my life, giving myself twelve lashes of the cane and swore i will never make the same mistake again. Hurray, up till now, i keep my account safe. Maybe you should do the same thing to yourself to stop naughty behaviour ,
Great article Forexoma! I have just started demo trading and I know exactly what you are talking about.
Forexoma,
I have been losing for some time almost to give up trading, (Have only few dolares in the account) i did not undestant why. Now after reading THIS GREAT ARTICULE I BELIVE I CAN START TRADING WITH MORE CAUTION. WILL APPLY YOUR RULES.
1. Learn the basics and then a good trading system.
2. Wait for the strong trade setups to form.
3. Take the position, set the SL and TP and forget it.
GRACIAS
Good luck Juan
Hi Forexoma,
This article has come at the right time for me….not because of forex but because of the matters of the heart!:-) I am on demo account and have stopped trading temporarily because of personal reasons as the concentration is not there. In my personal life,my subconcious have started seeing illusions which are not there but your article has brought me back to reality about how our subconcious works and how we need to control our mind in order to protect us from our subconcious from seeing things which are actually not there…to see the reality as it is
Thank you
Sunil
Thanks Forexoma for this beautiful post…i want to say that it has re-inforced all i’ve learnt in trading psychology. However, i want to add that our subconscious thinks it is acting on our best interest based on the mental pictures/images we feed it with. We therefore need to think positively always. The human mind works like a computer. Hence the dictum “GARBAGE IN, GARBAGE OUT”. Instead of allowing the subconscious to hypnotise or control us, we should be able to put its excesses to check. Some of the ways we can control the subconscious is by setting positive and achievable goals for ourselves. And then feed the subconscious with related positive images required for the attainment of the set goals. Psychologists have termed it “servo-mechanism”. Infact i urge every one having problem with self worth/ability to read…PSYCHO-SYBERNETICS by Mark Douglas.
Hi Emmanuel,
Thank you for your comment.
Absolutely agree. We need to know and distinguish our subconscious and as you said feed it with positive thoughts and make it to return positive reactions.
In forex trading, it has to be limited and controlled, not to make us act without paying attentions to facts and reality. There is no room for subconscious in forex trading. When it is positive, it makes us over-trade (greed). When it is negative it makes us not to touch the keyboard (fear). It helps in forex only to the level that it makes us to start learning. It has to be limited after that.
Dear Forexoma,
I write this with utmost respect to you ,but what is the point of being in any business that has only a 2% success rate?
Surely no matter how we dress it up ,Forex trading is gambling ,and in any gambling only the house wins.
Ihave spent three years trying to trade and yes i have given up .But the reason i have given up is i came to see that
only the System sellers or marketers make money .
Trading sells a beautifull dream of freedom but i am beginning to see that the dream is nothing but an illusion .
Best Wishes
Marco
Hi Marco,
Thank you for your comment.
I wrote your answer here, but then I prefer to have it as a new post. Thank you for starting a discussion and topic. To see your answer, please refer to the below page:
http://www.forexoma.com/where-is-the-problem-in-forex-or-in-us/
Dear Forexoma,
The article is absolutely spot on. It makes new traders llike myself realise what kind of big mistakes we were/are making. I don’t think anyone could have explained it better.
Thank you for publishing this article. We honour you.
Regards,
Fowzan.
Brilliant, brilliant article. Will recommend this to all my trader friends.
Ravi