Demon forex

You can undo this by deliberately taking a deep slow breathe so that you regain control of the situation once again. Following are among the greatest forex trade demons that need to be starved in order for you to make progress :. Loss of money: This is perhaps the greatest demon that you must starve completely anytime it tries to rear its ugly head. You must remind yourself that there are always risks associated with trying to make money by using money.

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The very essence of forex trading is employing money to make more money for you and as a result you must deal with any discomfort that is brought by the realization that once in a while you could lose some money. The truth of the matter is that no matter what techniques you employ, once in a while you will enter deals that will lose some money because it is simply the nature of trading. The most important thing a forex trader needs to remember that your success is not primarily determined by how much profit or loss you make from a single trade but by the accumulation of a number of them over a period of time.

Lack of Control: It is extremely important for you to understand the different aspects of forex trade such that you know what you can or cannot control. Many people believe that they can control any situation in order to get their desired positive outcomes of avoid negative ones. Apparently, when it comes to forex trade, there are situations that are generally determined by market forces that you have completely no control over.

The wise trader is one who knows the difference between the two; use all your energy on the things you have control over as opposed to the ones you cannot do anything about. Failure: The fear of failure de-motivates many traders from making moves so much that they consider themselves total failures because they missed an opportunity somewhere. You must remind yourself that missing a sale or an opportunity is an integral part of forex trading and as a result you should not crucify yourself.

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You must always desist from taking mistakes personally because they do not necessarily reflect your personality or business acumen. Emotional Pain: There is also another group of traders who will not take any responsibility for their mistakes and will always think that the market forces are basically out to destroy them and cause them emotional pain. While it is possible to make use of the information you receive from newsletters, brokers , newspaper columns or even hot tips from trading systems, they must take personal responsibility the moment they decide to execute any such move.

The market simply brings buyers and sellers together and any emotional pain we will feel will be self-inflicted. Missing a Trade: There are millions of traders who cry for ages because they missed a trade. The truth of the matter is that even though the missed opportunity could be such a great one, the fact remains that there will always be an opportunity to make another one next time. The market is always teeming with trades and when you spend time fuming over a missed one, you could easily be losing and even more lucrative deal.

Basic rules. Snake indiator crosses upward T3 MA. Green background. Snake indiator crosses downward T3 MA. Red background. In the pictures Satanic Forex V. Share your opinion. Augustine Monday, 06 January Igor Monday, 16 September Jesus Sunday, 15 September Ron Thursday, 05 September Change the name of the indicators and rename the template.

Very simple. Cladi Wednesday, 04 September Snake and T3 Trading. Trend following strategy. Submit by Dimitri Satanic Forex V. I asked for the publication to be approved because I think it is a good system trend following Metatrader 4 Indicators Wall paper trend Kulit Setan T3 MA clean period 6. This overconfidence and pushing towards big gains is dangerous. I warn about this in my E-Book , control your account gains if you want to trade long term.

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Retail traders scoff at this, arguing this is insignificant. Yet professional traders are around a long time while retail traders drop as flies. Do you wonder why? It's called leverage.

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There are usually differences between both types of traders. The professional trader will use a much lower level of leverage and sometimes no leverage at all, meanwhile the retail traders have a much smaller size account to trade from, and use leverage to bloat gains. In our society we become conditioned to all circumstances; trading is no different. The situation can even be positive to your energy system as you believe that price will at some point return to your break-even level.

It is at this point that you have lost almost any control over your trading mind; you are no longer doing your trading, and your inner demons now possess your thoughts and decision-making. We are riddled with greed. We move from buying one house to buying an investment property and so on.