Do You Still Lose?
Trade or Not to Trade, That Is the Question
As a novice trader, you will be faced with a big question sometimes. There is a trade setup formed or forming on the chart and you wonder if you should take it or not.
The trade setup may not look strong enough and it may not have met all the criteria and rules your trading system has to make you take a position.
On the other hand, it has been several hours or even days that you have not taken any position and you are fed up of waiting. Or you already had some losing positions and you want to recover the loss as soon as possible.
These are all the thoughts and emotions that you have in your mind. Finally, the inner demon makes you take the position, but after clicking on the buy or sell button, all those stimulating emotions will go and you see the real picture of the trade setup that was forming. You will be realized that you were wrong and you should not have taken it, because it did not have everything that a good trade setup should have.
This is something that happens for novice traders almost everyday. First they wonder if they should take the position or they should wait for a better opportunity. After several minutes of mental struggle, they leave everything to luck and take the position. Usually and in 90% of the cases, these kinds of positions are losing positions. Why? Simply because they are taken based on emotions, not based on the techniques and trade setups.
That is why I spend most of my time to help the Forexoma members to learn how to wait for perfect trade setups and avoid taking the positions that are not strong enough. I show them how I analyze the charts and ignore the trade setups that are not good enough. They see how patiently we wait for a perfect trade setup and then they see how our patience will be paid and we finish each and every month with a good profit in our hands.
If you like to save your valuable time and money, join us and be ahead of the others novice traders who will give up finally: Click Here
Well said,
“These are all the thoughts and emotions that you have in your mind. Finally, the inner demon makes you take the position, but after clicking on the buy or sell button, all those stimulating emotions will go and you see the real picture of the trade setup that was forming. You will be realized that you were wrong and you should not have taken it, because it did not have everything that a good trade setup should have.”
I have in the past gone through the exact emotions, and not only that. I end up committing another big mistake. I let my losses run -by removing the SL- thinking that the setup is still good and the price will go back. Some times, I close the position and take another in the opposite direction thinking that it will surely be right this time, only to find that I had two losses in a row. Indeed, emotions are the first and by far the biggest hurdle that any trader should overcome to be successful.
Great website and excellent articles. Keep it up!
I certainly hope members are not complaining about not recieving multiple daily signals. I have friends who have traded this way and lost their whole accounts. Forexoma’ s analysis of the forex charts is very in depth and well thought out. This is what I ‘ve searched for a long time. Any literature written by successful profesional traders cites the exact principles that are being taught on this site. I’ve only been a member for a short time, and have vastly improved my forex knowledge. Just remember 4 or 5 good trades a month beats 15-20 loosing trades every time. Thanks Forexoma…Keep up the good work!
Thanks you James
Glad to hear that my program is working for you.
Dear Boss
Really your program is great and has a proffissional info and the perfect steps to find our main goal
so I could say we are lucky with you, you gave the Forex Marekt a new image to be easy
forever with you
Great thanks
Mamoun Ali
All topics are very very essential knowledge for every new traders.
Thanks a lot.