The Beta2 Lane Clark blog is all about the practicalities of Forex trading and we believe that if you are not moving, you are standing still. Learn to be fluid and never limit yourself to one style. If a trade has passed you by, plenty more will be available. If the markets are behaving in an irrational manner, or it appears too volatile to trade, learn to roll with the punches. Choose positions that will withstand the initial volatility, don’t just exit because it gets to choppy.
If you do exit, stay out as when in doubt…the worse thing you can do is to jump back in if you are uncertain.
Showing posts with label Lane Clark Beta2. Show all posts
Showing posts with label Lane Clark Beta2. Show all posts
Monday, 9 May 2011
Wednesday, 4 May 2011
Forex Trading Psychology - Review your trades and note your progress
At Beta2 we know that analysis, review and refinement in Forex trading is essential.
The more you see that high quality trade setups combined with proper focus leads to good trading, the more you will believe in yourself and your abilities to trade and the less you will allow other things to cause you to hesitate. Carrying out regular reviews takes commitment and a daily routine. Working with a trade journal is the best way to analyse both your trades and your performance as a trader, and to make improvements in both.
The more you see that high quality trade setups combined with proper focus leads to good trading, the more you will believe in yourself and your abilities to trade and the less you will allow other things to cause you to hesitate. Carrying out regular reviews takes commitment and a daily routine. Working with a trade journal is the best way to analyse both your trades and your performance as a trader, and to make improvements in both.
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.
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.
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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