Psychology of Trading Forex - What Holds Most Traders Back
As a trader, you’ve many feelings and emotions to deal with, including
- Greed
- Fear (a whole bunch here)
- Hope
- Despair
- Hurt
- Regret
- Revenge
- Anger
- Guilt
- Depression
- Hopelessness
- And a whole Pandora’s box full more
But there is ONE stands out as the real Nemesis for
most traders…
… the one that keeps them ’stuck’ at that level of mediocrity
that is the slow death that lasts for years:
It’s almost more like a terminal condition than a feeling.
And when you’ve got it, it can come at you from so many
different directions.
What really stinks is that when you’re not aware of it,
it disguises itself as other issues.
You can attend to one symptom, think you’ve got it beat,
only to find it rear its ugly head as something else.
One cause, different appearances.
And it drive you batty because it never seems to go
away and your overall trading just never seems to
get where you want it.
So what is it and what can you do?
First thing is to sign up for the Trading Psychology Coach,
the trader’s periodical that is designed specifically to help
you recognize and effectively deal with the tough challenges
that you have to deal with as a trader.
The second issue is about to be published and deals
directly with this ‘mental cancer’ for traders.
Cheers
Brian
P.S. Don’t let this one factor stand in the way of improving
your quality of life through better trading. When you remove
obstacles, progress becomes so much easier and more
natural.
Forex Trading Psychology - 4 Sources of Self-Sabotage
Have you ever felt like you sabotage yourself sometimes in your trading?
If you’re like most traders, you have and probably on more than one occasion.
One of the really aggravating aspects of self-sabotage is that it’s right in your face.
You know you’re doing it.
You know that you’ll regret it.
It happens anyway, and then yes the regret kicks in. Sometimes anger and and self-chastising come into play as well.
If it was coming from only one source it might be easier to address, but in truth there are four.
And no matter how many months or years experience you have, how great your system is, any one or more of the four can wreak havoc on your trading account.
Bummer.
The good news is that once you become aware of the four sources of self-sabotage, at least then you can take steps to protect yourself from their influence in your trading.
The other nice thing is that you can ease up on yourself a bit. Nothing can take you down faster than a furious session of self-berating.
When you understand what’s going on, then you can be a bit kinder to yourself, which is much more productive.
That’s just one of the reasons that I created the exclusive video, “Four Causes of Self-Sabotage”.
You won’t find it anywhere but at InsideOutTrading.com and it’s not even for sale.
To see how you can get access to it,
Cheers!
Brian
P.S. You’ve heard the saying, “We are often our own worst enemy.” You’ve probably also experienced it in your trading.
Take the first step to ending your self-sabotage right now - it is very costly in terms of capital but more importantly peace of mind and self-esteem.