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If You Like to Take a Step Forward, You Should Take Risk

Psychology of Forex Trading | Friday, April 30th, 2010

Everybody likes to have a successful life, but not everybody takes a proper action toward achieving this goal.

When a small kid wants to walk for the first time, he knows by nature that he may fall and get hurt, but the joy and excitement that walking has for him, make him to take the risk. He is afraid of falling, but he takes the risk. He takes the risk, fall several times, gets hurt but doesn’t get disappointed and finally he achieves to pass an important stage in his life: He Becomes Able to Walk!

The very first stages of our lives can be passed only through taking risks. What will happen if we stop taking risks later on?

There is only one answer for this question: We will remain at the same stage and we will not take any new step.

Why do we stop taking risks when we grow up? Why a 10 months kid is braver than many mature people who do not dare to take risks?

What if a 10 months kid doesn’t dare to take the risk of walking? He has to be happy with crawling for the rest of his life. He will never become able to walk.

This is something that many adults do. They stop taking risks and so they never pass any stage anymore. They live with the same position, same income, same life style, same… for the rest of their lives.

If you are here, reading this article, it means you want to make money through forex trading. You maybe brave enough to take risk. But there are many others who still like to make money, but they do not like to take any risk. There is only one result for them: They will never make any money.

Forex trading is all about taking risk, but the good thing about forex trading is that you can manage your risk. You take risk, but you know how much. So if you lose, you will not lose everything you have. You can still recover the loss very easily. Those who take too much risk will blow up their accounts. Those who trade like a disciplined trader will be profitable at the end of the month, or even if they are not profitable every month, they save their capital for the next month and so they can still trade.

So don’t be afraid of taking risk, especially in forex trading.

In forex trading, these psychological things are more important than the techniques. Most of those who lose, know a lot about the techniques, but they have not learned the psychology of trading. They have a lot of fear because they take too much risk, or because they have already lost a lot and they don’t dare to take any position anymore.

Forex trading doesn’t have to that stressful and painful. It is much easier than that.

I did not talk about taking risk to ask you to join my trading program at the end of the article. We already have too many members to manage and handle easily and I think we will stop taking any new members at least for a while very soon. But if you still have problems both with the techniques and trading systems and also the emotions, fear and greed, still there is a chance to resolve your problems. I suggest you to join us in Forexoma Live Market Analysis. We work on both of these important things. Our members learn the best trading systems and techniques, and at the same time they learn to control their emotions. They learn to trade like a professional and disciplined trader.

Try our program: Click Here

Further Reading: Before leaving our website, please take a look at the other articles we have published.

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5 Comments:
post a comment
Comment by Keith
2010-04-30 22:12:04

Forexoma,

I just finished watching your latest video on your trading style. I want you to know I have become so much more successful because I know when to stay out of the market just as well as I know when to get in the market. I try to analyze the market before you send the intra-day trades to test myself on my analysis. I also do my homework on the weekends for the upcoming week and of course check the market to see what might be developing. I am getting better and better each week. I want you to know this because even though you may have people questioning you on not taking a trade, you also have people like myself that would have never been this successful with out your teachings. I have saved my account so many times by knowing when to not get in as well as when to take a position. I am so grateful to have this knowledge. When watching this video it made me think of the saying that you can lead a horse to water but you can force him to drink. Sometimes the people whom think they want true knowledge just aren’t ready to drink. I think you have some like that. I found this quote I think fits what you do and should give you comfort in knowing you are providing a great education and are making a positive impact in people’s lives. You teach us to know a great setup from a questionable one. I am writing this email to let you know you are greatly appreciated.

“An education which does not teach us to discriminate between good and bad, to assimilate the one and eschew the other, is a misnomer.” Gandhi

Sincerely Grateful,
Keith

Comment by Forexoma
2010-05-01 19:10:39

Thank you Keith :)

 
 
Comment by Vincent
2010-05-01 18:35:17

Very well put Keith… Excellent article Forexoma…..

Vincent

Comment by Forexoma
2010-05-01 19:10:14

Thank you Vincent :)

 
 
Comment by kb
2010-05-08 15:37:08

well said keith.
your program has really made open my eye inot what forex is really about and i have also been able to make some good and encouragin profit, as you go staright to the main issues, unlike other sites and programs who keep showing backtestings and thoeries.

just hope , we can be getting some of the signal in time

thanks Forexoma
may God continue to increase your knowledge and undrstanding.
anyone really serious about learning forex should come here.

 
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