"WATCH YOUR ATTITUDE!" yelling at my son very often with sentences like this. But my naggy husband always have to link every-words coming out from my mouth to something else. He told me it's easy to tell others to watch their attitude, but how about watching our own attitude? Never like to lose out, I query him back! " Is there any attitudes we should have while in forex market?

                                       "YES!"

He said these are very important to know even before we start doing any trading at any fields. Checking at myself on this five points he had mention, they are :

1. Responsibility
2. Self-control
3. Self-motivated
4. Emotionless
5. Self-improvement

 1.) Responsibility

• A trader is like a general who will be responsible for their own army safety. NEVER HAVE A NEVER-MIND attitude! Some people think that putting money to invest, must unavoidably accept the result of having the whole capital been wipe-out or end up with  a margin call. If you intend to trade, take full responsibility of the safety of your capital! sometimes, it may unavoidable to have losses, but at least you can reduce the damage to the minimum level. Ensure the safety of your army is always the first priority and your 

                
                               RESPONSIBILITY!

2.) Self-control

• It is always difficult to resist temptation when you think that it is a perfect opportunity for you to profit from it. Having the ability self-control is very important! It will help to avoid risks and withstand lure from your market. Sometimes a sudden widening of price may lead to a misunderstanding that the price is heading towards one direction. Very often, traders get trap at these level, where price refuse to have any further upward movement and end-up in a whipsaw stage or worst, a REVERSAL! Without understanding why such price movement occurs may end-up yourselves in a disastrous situation. (It's like in a war, enemy lure you thinking that their retreatment because you are too powerful. Never realize that you have fall into their trap!) In another scenario, if you cut losses at this stage, will you recoup your losses by increasing the lots to trade? A lot of traders lost their self-control ability in this situation. It is never advise to increase your entry with additional lot, unless you are 100% confident! On saying that, my husband  would rather advise to increase it gradually as you enter position. (It's a simple strategy that I will discuss on my next blog.) Never be too greedy! You'll lose control of yourselves! Been patient always help! Remember, you'll need to find out what happen first before any declaration of war. In order to avoid major casualty, you need to exercise

 
                                   SELF-CONTROL!

3.) Self-motivated 

• It is quite difficult for most people! That's why we have so many self-motivation courses and books around! Having waited for hours or sometimes the whole day for a entry trigger signal is rather common experience for most traders. So you must have a NEVER GIVE-UP attitude! It's the same thing when it come to recoup your losses. (Always tell yourselves there will be always opportunities!) Imagine that a general leading his army to a war, after a long distance travel, most soldiers (including the general) will be exhausted. At this point of time, the general has to motivate himself first so that his army is able to motivate by him. Even if you face a small defeat, brace-up! It's not the end of the world! Anyway, I'm not a motivator, can't tell you ready much. (Got a husband motivate me every-time, that's a blessing! Gee...) If you can't motivate yourselves during war, then don't risk the life of your army! In order to win, you must be able to be

 
                                  SELF-MOTIVATED!

4.) Emotionless

• When you are overwhelming with your previous victory or angry over losses your had made, please avoid any entry! Many people tend to be careless when they get too emotional! Forex is like in a war-field! You give opportunity to your enemy when you are less guarded! Be emotionless means that you should keep a clear mind in any situation. Winning once doesn't guarantee you another victory if you are careless. Sometimes traders like to anticipate result even before any release of data! They are overwhelm by some prediction from news that make them got into an early entry situation and end up on a wrong move! A general who is impulsive always get his army into danger! In the cold and cruel and financial market, you need to be

 
                                     EMOTIONLESS!
 
5.) Self-improvement

• There will be different tactics apply to different situation in war. There wouldn't be only one trick that will be ensure you to every victory! It is very important to keep improving ourselves by finding out more. A good general will keep upgrading himself to improve on strategy use in the war field. There will always be better weapons around, but first, he will has to learn how to operate it. In forex market, it works in the same way. There will be some new knowledge around to improve on your entry. In order to adapt to the ever changing world, you have recognise the important of

                              SELF-IMPROVEMENT! 


Check on the five points, how many do you possess? Do comment if you have anything to share or how you feel about my blog. I'll share on strategies upon entry of position in forex. Hope you can continue to support! >_< 
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