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How The Matrix Will Boost Your Forex Profits?
By: Karima Begag
Perhaps you remember one of the most impactful movies of our time, the Matrix?
Morpheus believed totally in Neo to the point where he almost sacrificed his
life to save him. Yet Neo did not believe in himself at the beginning, he was
most uncertain about whether he was the One or not. So when he went to see the
Oracle, she told him that being the One is like being in love, nobody tells you
that you are in love, you just know it. The Oracle pointed to a sign hanging on
the door: “Know Thyself”…
Still Neo didn’t believe in himself but when agent Smith captured Morpheus and a
member of his crew suggested to pull the plug so the agents of the Matrix won’t
get access to Zion, something in Neo changed and he began to believe…
A little further down the path of the One, Neo “accomplished miracles” because
he learned how to believe in himself fully and completely. And remember Neo had
a mentor who believed in him beyond any doubt and who taught him how to use his
mind to defeat the Matrix and its dangerous agents.
Neo’s mentor, Morpheus, showed him the path and helped him empower his mind, yet
Neo walked the path to his own success after he started believing in himself and
mastered his own mind.
Perhaps you were wondering, yes and what has this to do with trading the Forex
market?
“Know Thyself”
Forex trading or any trading for that matter is a mind game in the first place.
Some people spend a lot of time and efforts perfecting certain trading skills
and knowledge like reading the charts and data, entry and exit skills but any
normally intelligent person can learn these skills, they are the easiest part of
the trading game. They are no doubt necessary tools to your Forex success but
they don’t make the biggest difference between a really successful Forex trader
and the one who is not successful. So what does make the difference?
Let’s ask the question: what is your goal in trading the Forex? It is to make
money. Period! Surely while you’re making the money and great profits you can
have fun too and you should but what you need are specific mental attitudes and
strengths, that is if you want to be a successful Forex trader. These mental
states are an asset that will help you in many other situations and contexts of
your life.
As my Forex mentor told me, the major three mental and emotional frames of mind
that characterize the majority of successful FOREX traders are:
1.Discipline & Passion
2.Confidence & Courage
3.Patience &Smart Persistence
We’ll touch upon all three briefly to make it as clear as crystal to you so you
succeed in the Forex market.
Like trading a Pair of Currencies these mental and emotional mindsets go hand in
hand.
Discipline & Passion
Discipline, say the most successful Forex traders, is really important! It helps
you be more effective in planning your trades and in sticking to the good plans
you established before entering the trade. Always have an action plan for stop
and limit levels for the trade before you enter it, your analysis should cover
up the expected upside and downside.
Passion means commitment and love for what you do. It is your passion for
something that keeps you going, improving, constantly learning (willing to buy
excellent Forex courses from experienced and successful traders, remember
Morpheus mentoring Neo) and persist beyond the ups and downs of the business.
You need to know why you are trading the Forex because it is an awesome
opportunity that you have to take, so develop a passion for it. Simply do what
it takes to be successful, learn from the best.
A word of Caution: Never mistake your “Forex passion” for emotion that you might
feel while trading the Forex, when trying to enter a trade without using clear
and sound entry/exit indicators and rules.
Have fun, learn, and stay tuned for future developments and grow as a person in
strength and character in “your Forex business” while remaining emotionally
detached when you get in and out of a trade. If you do, you are bound to
incredible success in the Forex trading business.
Confidence & Courage
Successful Forex traders believe in themselves and their abilities to learn and
grow, to acquire more competence learning from a mentor.
There is no reality only perception, the Matrix can trick you but you can have
your own special Matrix inside your mind that empowers you with an unwavering
belief in yourself!
Have the confidence and courage to stick to your plan and stay with your rules
even if others are doing the opposite. Keep your vision (end result) that you
can make it in the Forex market in your mind until you are successful in it.
If you experience a situation where you know exactly how a currency pair will go
and have a sound trading plan, go for it! Sometimes people fail to follow their
own good plans because all sorts of emotions get in their way, emotions like
greed and fear. Stay calm and act with confidence and courage otherwise your
planning, analyzing and information gathering will be totally useless to you.
You become more competent when you educate yourself about the markets and learn
from successful traders. Self develop: “Know Thyself”, get into the habit of
monitoring your emotions and questioning your limiting beliefs so that your mind
works for you and not against you. Don’t take things too personally, if you make
a mistake then consider it to be valuable feedback so you become more
successful, never a failure!
Patience & Smart Persistence
An Indian wisdom says: “Life is always right!” we say: “the market knows much
better than you do!”
Learn to listen and read the signs the Forex market is giving you. Learn how to
wait, observe and only enter a trade when it is the right time to do so, before
you can reap the profits.
It can be hard to wait before your Forex trading screen and not jump into action
but The successful FOREX trader will enter a trade according to the direction of
the prevailing trend or will wait until a new trend shows up and establishes
itself. The waiting ranges from a few hours to days or even weeks before a
winning trend appears.
even if you day trade and are not a long-term or position trader, you still are
well advised to keep impatience from ruining your profit chances.
Also be patient means you stick with winning trades. But be most impatient with
losing trades.
Practice “Know Thyself” and continue learning your Forex trading from the best
and we are sure you will be a successful Forex trader. You will be on the path
of Neo, the One himself!
Karima Begag
About the Author:
Karima Begag is an Internet Entrepreneur with special interest and “passion” for
Forex Trading and Knows it is a Life Time Opportunity to generate income for
anyone who is willing to give it a chance. For outstanding Free Forex
Information, Forex Courses and a Free eBook "Forex Freedom" go here: www.forexprofitsecrets.com. |
