Mark Loves Trading And Is Excited About Getting Out Of Bed Every Day To Get Busy With His Trading

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Why traders intentionally make bad decisions in forex trading - it often happens in forex trading that people will knowingly make decisions that result in lost profits. Nor are we looking at simple errors committed purely by accident. Now we' re not talking about losing trades that come about because of testing out a Forex trading system or a specific combination of indicators.

If our objective is to profit, then why would we do these things that are clearly against what we know to be right? - the trader' s self - esteem can take a major beating when these events take place along with the loss of money. This phenomenon has many very unpleasant results that are experienced quite regularly in the Forex trading world. Other after - effects often include quite a bit of negative self - talk for having done these things. Until the root cause of the issue is discovered and the person does something to address it, the self - sabotaging behavior is likely to happen again and again. Depending on the magnitude of the error, this can be the start of a rather vicious cycle that perpetuates the problem and sets the stage for recurrence. This isn' t limited to new traders either.

Mark has done just about everything in the futures industry that there is to do. - for an example, one such trader( a real person that we' ll call mark) of over 50 years had been going through this month - after - month for over a decade since becoming an individual trader trading from home. He worked on soybean farms and at the shipping docks loading ships and coordinating orders and shipments. After that, he worked both for and as an introducing broker in the commodities industry until he decided to retire at the age of 5Needless to say, Mark had plenty of exposure to trading, but for nearly fifteen years, Mark has been losing money. For about another ten years, Mark ran orders on the exchange floor. But why does he continue to do trade, but not follow his plan?

As a broker, he was very successful. - mark knows how to trade. He' s tried just about every strategy and system there is. Mark loves trading and is excited about getting out of bed every day to get busy with his trading. He' s pretty intelligent and knows his way around the computer and what he' s looking at on the charts. On a typical day, he might make$ 600 or lose$ 80Most often times he loses. In all these years, he still has yet to end a year in the black.

When his wife gets home from work( yes, she still works at the age of 70) , he' s usually brooding in his recliner after kicking himself and calling himself" stupid" or" idiot" . - he' s also concerned about how much longer his money is going to last. This is a simple fact: a well - planned trade, where you have already determined what you' ll do before you get in regardless of which way the market moves can be very boring. When asked why he continues to trade this way, and why he doesn' t pursue a strategy that he knows can make him money, he simply says that he doesn' t because they are boring. The suspense can be very intense when you enter trades without a plan, or if you' ve deviated from your system. Why do millions of people watch baseball games, rather than simply check the scores in the morning? Why do people take the time to read entire novels instead of flipping straight to the end to see if the hero triumphs or fails?

It is the suspense, the excitement of not - knowing the outcome, that brings the thrill. - in being human, there is a part in all of us that craves that tension. The moments that are most enjoyed and fully captivate us are when the ball is in the air and we don' t know if it will be caught or dropped, when the hero' s fate is uncertain. Consciously, making money is what everyone desires( afterall, who doesn' t? ). The danger is that it also offers the thrill that another part of us craves at the subconscious level. Many people decide to become traders because Forex Trading offers the opportunity to realize very significant monetary gain. If that part of you isn' t being satisfied through other channels of your life, it is highly probable to seek fulfillment in your Forex Trading.

What you need to do is to include activities in your life that provide sufficient excitement, and be okay with it if your trading is not so exciting - but making money. - the results can be disastrous if you are experiencing excitement from not - knowing the outcome in your forex trading.