Traders from everywhere over the world have been feeding me a comfortable diet of questions over the years, and they seem to be getting more and more concerned بازرگانی ققنوس about what the future holds. Many people exactly are just trying to survive in our markets, and they don’t know what to do.
If more people traded in consistent with these plans, not only do i think more traders would be making it through today’s markets, I think they’d be prospering. What you are about to read is more valuable to you than what you would find in many trading courses that you’d have to pay for.
Profit Plan #1: Become an impartial Investor
Over the years, I’ve observed that there are two types of “traders”. Now, I realize these are generalizations, but they illustrate two a natural mindsets. Which one are you?
The Dependent Investor: This type of person is usually looking for the simple way to avoid, looking to create a quick profit, or wants to strike it rich. They think it’s possible to “follow the crowd”, blindly place trades pumped out by a system that “can’t lose”, and quit their job. The bottom line is that this type of investor depends on someone else for their financial success — forever, for life. Yes, The Dependent Investor can be successful with this attitude, but I believe the odds of success are low (probably around 5%).
The Independent Investor: This type of person wants to have as much control of their financial future as possible. They understand that when they know how the markets work, they’re empowered to place informed trades and never having to rely on someone else. Someone who is an impartial Investor knows they are exploiting their likelihood of success in the markets, which can make their financial and lifelong dreams come true very much more quickly. The bottom line is that this type of investor holds the keys to the kingdom, and has control of their financial future for their entire life, no matter what happens.
That’s why one of my goals with this report is that helps make you an impartial Investor. Will this report alone do it? No, of course not. However, it should give you a “fast track” toward discovering the best way to trade the currency markets for you.
Here is a typical scenario that plays out in the markets over and over again that is particularly harmful to the Dependent Investor.
The existing view of the Financial Media Stars, back in April, 08 might have been that the financial related stocks (including the bank stocks) have bottomed out and are on their way up and that the worst is over for these companies. And so blasting over the airwaves are almost emotional attracts “Buy, Buy, Buy! inch the bank stocks including Citicorp.
Now on this recommendation, Citicorp initially moved up a few dollars but then quickly stopped in its tracks and began a long slide down, dropping another 50% from the April, 08 altitudes to the Come early july, 08 lows. When this occurs, it was obvious to one and all that buying in April was not a good thing to do. And right about at that time, dealing with the Come early july lows, what did the Financial Media Star do? He through in the towel on the financial stocks including Citicorp and said, “Sell, Sell, Sell! inch But it was too late — the damage had been done. So the cry by the media to “Buy, Buy, Buy” Citicorp was too early, and the cry to “Sell, Sell, Sell” came only following a drop of 50% from the April 08 altitudes; of course, too late.
Enter the Independent Investor, who is not influenced at all in what the Financial Media Star is saying, for instance, because the Independent Investor doesn’t even listen to or know or even want to know what the Financial Media Star is saying. Instead the Independent Investor is well guided by good trading methods that she has mastered, that screen for good high-probability, low-risk trading opportunities, with precise setup conditions, entry rules, stop loss protection to limit risk, position size rules, and an exit strategy to exit trades viably.