Forex Trading
The character trait we are referring to will make you lose, yet it is one we all admire in all other aspects of life - so what is it?
The trait is being too clever.
This may sound odd, but working in a brokerage for 10 years and seeing thousands of clients, every time a trader tries to apply to much effort or be to clever they lose because:
Simple systems are best and the real key is the discipline to execute the method
tem, is more robust than a complicated one and has fewer elements to break and is likely to be more successful.
2. An ego
Clever people often have an ego and think they deserve to win - because their smart.
This means they hate being wrong and their trading signals being made to look stupid by the market.
Problem is this happens to all traders, even the world's best!
The market will make you and every trader look stupid and on a frequent basis.
What you have to do is accept it
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3.22 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
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