Monday 2 May 2011

Forex Trading Psychology - Focus on the process of making the trade

The Lane Clark Beta2 blog is all about dealing with the challenges of making Forex trade decisions and then executing.

Once you have recognized that your trade has set up, concentrate on the process of taking the trade. Let your mind say what it will (it will anyway) but focus your attention on making the trade. Focus on what the market (and not the mind) is telling you and take the appropriate action.

Keep your focus on what the market is telling you, not your mind. If you find this difficult, work to develop your focus and concentration. Mindfulness exercises can be a big help in this regard.