Learn Forex Trading - Mentor Style
May 15th, 2008
Tyler Ziggler asked:
I’m going to show you how to learn forex trading because I’m going to be your mentor for this article. You have a lot to learn in this market and if you don’t learn it, you could lose a lot of money. Money comes and goes, the market doesn’t care who you are. That’s why it is essential to evaluate your goals and how much you’re willing to risk because there is no reason to invest rent money or anything that is important into this market.
I’m sure you’ve heard in personal development and self-help that you should journal, well, the same applies here. Except you’re going to journal your trading experiences. It’s not going to be a literal account of things involving numbers. You’re going to get into the “why” of things and explain why you did what you did. Why did you make that trade? What did you expect to happen? What did happen? What did you learn? What will you do in the future? This is very beneficial to answer and it will become a great index of information for you in the future.
You ever met those people that have a great business idea, but they just sit around doing analyzing all the time. These people rarely ever get started because they just over analyze and it’s crippling. I’m not saying that analyzing has a part because it does, but there is a point where you need to take the plunge. You have to be very critical of yourself and ask yourself “Am I analyzing to make sure this is a good opportunity or am I analyzing so I don’t have to act”.
This is my forex trading mentor style article and that’s how to best move forward with your trading. You will learn if you document and apply what you read.
REINHOLD
I’m going to show you how to learn forex trading because I’m going to be your mentor for this article. You have a lot to learn in this market and if you don’t learn it, you could lose a lot of money. Money comes and goes, the market doesn’t care who you are. That’s why it is essential to evaluate your goals and how much you’re willing to risk because there is no reason to invest rent money or anything that is important into this market.
I’m sure you’ve heard in personal development and self-help that you should journal, well, the same applies here. Except you’re going to journal your trading experiences. It’s not going to be a literal account of things involving numbers. You’re going to get into the “why” of things and explain why you did what you did. Why did you make that trade? What did you expect to happen? What did happen? What did you learn? What will you do in the future? This is very beneficial to answer and it will become a great index of information for you in the future.
You ever met those people that have a great business idea, but they just sit around doing analyzing all the time. These people rarely ever get started because they just over analyze and it’s crippling. I’m not saying that analyzing has a part because it does, but there is a point where you need to take the plunge. You have to be very critical of yourself and ask yourself “Am I analyzing to make sure this is a good opportunity or am I analyzing so I don’t have to act”.
This is my forex trading mentor style article and that’s how to best move forward with your trading. You will learn if you document and apply what you read.
REINHOLD
