At Beta 2 we specialise in Forex trading and we know that defining the exact criteria for your trade setups will ensure that you have little room to question whether or not they have indeed been set up. In short, be very specific about the criteria you want to see.
You should have already researched your trades and know precisely what a choice setup looks like. Train hard to learn how your setups unfold on your charts and come into the market well-prepared, knowing not only your trade setups but also where they are likely to show up.
Anticipating likely areas (e.g., support & resistance levels) where your trades will set up gives you an advantage, you are ahead of the market, and this will help curb your doubts.
In short “Set your criteria” for Forex trades, suggests Lane Clark, Beta2 CEO.
Wednesday 27 April 2011
Monday 25 April 2011
Forex Trading Psychology –Trading
Our experience at Beta2 tells us that many traders can find it difficult to pull the trigger at the opportune time. Instead, they hear their minds say, "Just wait a little longer until it sets up better." They hesitate and have doubts. They might check another indicator, usually one they never look at just to ‘be sure’.
This Lane Clark Beta2 blog is all about helping traders deal with this emotion effectively.
Once a trader begins listening to what their subconscious minds tell them, they are lost. Instead of focusing on the market, their attention is centred on what their subconscious is telling them and, not surprisingly they miss the trade opportunity. Of course, once the trade goes in their originally anticipated direction, their mind is critical for not taking the trade! So listen to the market first and foremost.
This Lane Clark Beta2 blog is all about helping traders deal with this emotion effectively.
Once a trader begins listening to what their subconscious minds tell them, they are lost. Instead of focusing on the market, their attention is centred on what their subconscious is telling them and, not surprisingly they miss the trade opportunity. Of course, once the trade goes in their originally anticipated direction, their mind is critical for not taking the trade! So listen to the market first and foremost.
Wednesday 20 April 2011
Forex Trading Psychology – Important Tips on Pulling the Trigger
As CEO of Beta 2 I know that there are defined techniques to ensure that you can overcome hesitancy in pulling the trigger when it comes to making a Forex trade.
For successful Forex trading it is a matter of being committed to changing unhelpful behaviour and working hard at doing so with every opportunity that presents itself. In this Lane Clark Beta2 blog we will share some tips to help you overcome hesitation in pulling the trigger in your Forex trading.
For successful Forex trading it is a matter of being committed to changing unhelpful behaviour and working hard at doing so with every opportunity that presents itself. In this Lane Clark Beta2 blog we will share some tips to help you overcome hesitation in pulling the trigger in your Forex trading.
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