Net Invest

The internet has rapidly changed every aspect of communication. Information flows freely and interaction happens at instant. Along with the increase of internet usage, so does the rise of trade. The internet has paved the way for the further flourishing of the forex trading system. This system allows one to purchase foreign currency and invest on it. Since the internet has evolved rapidly, more and more companies are willing to gain larger audiences by transcending national borders. Thus, forex trading is also at a rise. With the right know-how, your investment can come back double, triple or even more.

However, when we talk about profit, there is always a risk involved. Some companies allow you to invest for as little as 5 dollars and others, as high as 500 dollars. Even the duration of investment varies from company to company. Knowing every little bit of information, every little bit of detail and every little bit of similarities and differences can help one make an informed decision. The market has always been laden by risks. These risks can eventually lead one to have huge profits.

On the other hand, a wrong move can lead to huge losses. Risk management is a skill that every successful trader has. Risking something means taking chances. A trader knows when a chance becomes an opportunity. He knows when and where to invest and when not to. A trader with the right tools and skills knows what is happening.

Investing right means earning large money Profits can only be achieved by having the right information, making the right decisions and at the same time, managing risks in order to control losses. Only with this, a profitable trading system can be achieved. Also, a trader must have the necessary tools to ease up his work. These are the must-haves of any trader.

Having the right information at the right time, knowing the situation before it happens, making the right decisions and knowing when to pull out is a tedious task. Despite that, the rise of the internet means advancements in technology. The internet is full of forex trading software that is ready for download. This makes the hard task of juggling, logging and monitoring the trading performance of the companies that the trader has invested in more convenient.

There are many forex trading software that can be downloaded over the internet. Choosing the right software means managing risk, thus, maximizing profit.

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The foreign exchange market has always been a venue for risk taking. Even though it looks as simple as finding a trader, buying foreign currency and selling it, the risks give a factor that makes one vulnerable to losing a lot.

Analysing forex trade requires one to know how much commitment one can give. For short term involvement, marginal trading is preferred. Marginal trading is using borrowed money as investment for generating profit. This method has a potential risk because the money did not come directly from the trader. For those who want a longer involvement, technical analysis and fundamental analysis is encouraged. Technical analysis is done by looking at past trends and trying to make a forecast out of this. Fundamental analysis looks at the current situation that the country of origin is dealing with. Social, political and economic factors can affect the exchange rate, thus, knowledge about this is important in order to garner greater profits when investing long-term. These are some of the ways that can analyse forex trading.

Dealing with money always comes with risks. In order to minimize the risks, one must have the right know-how and the right tools. These do not require one to read a lot of books. These are simple practical ways on how to effectively engage in the forex trade market.

Forex Trading Software is readily available over the internet. These applications help you gather fast and accurate information about the trading company that one has made investments in. This helps one to analyse the trends of the market and make the right decisions before a potential risk arrives. Each software is created to have security as well as giving convenience to its user. Every application differs from one another; some have different functions than the others. However, it is up to the user to decide which tools he needs. Prices of these forex trading software vary. Some offer it at a premium, some at a cheap price.

Forex trade logging is also an important part of analysing forex trade. It keeps track of the events that happen as well as keeping record of the data that is involved. Microsoft Excel is a spreadsheet that specializes in data entry. Its free counterpart is OpenOffice.org Calc. However, spreadsheets are limited when it comes to adding notes. For that, one must use an application such as Microsoft Word or OpenOffice.org Writer.

Some forex trading software available online has the advantages of having both information gathering and trade logging onto one neat application.

Forex trading tools are important for analysing forex trade. It gives you insight on how to earn more profit at a lower risk. By choosing the right tools and having the right knowledge, profit making is just a breeze.

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Not many engage in foreign exchange trading because it is difficult to understand on how it works. Trade on track can be the best tool to simplify everything and also includes the best features when it comes to the business.

The doubt amongst traders and within the realm of foreign exchange trading makes it difficult to engage in such a business. From the recall of history, only the experts and the big end companies can get involved in such a risky market. However, profitable forex trading breaks the barriers to make it as a business that can be available for everyone and anyone at that. As the foreign exchange market grew more popular, so are the traders and brokers who have joined in the circle of the economy game called forex trading.

However, great challenges abound this business that is why one must not be afraid of the circumstances that is set to happen in the middle of the game. The risks to make are indeed great but the fortunes can be greater once you have learned on how the game is played. To be adept in this game requires much skill and expertise especially with the rules and the works of it. Thus, there is a need for a forex trading tool to help people realize that trading can be easy and convenient, even for beginners.

People have been asking, “What is all the commotion about trade on track?” You can use forex trading software and get the most recent of updates and the most reliable system to track trades, rates and even fluctuations all in an instant with a live price feed. Everybody knows how hard it is to analyze forex trading that is why not many join even if the fortune at stake is huge. Now, a revolutionary forex trading system can let you handle foreign exchange of different currencies in one or more accounts!

Forex trading is a good choice when you know what to do, how to do it and just when to do it. The perfect execution of ideas calls for the perfect timing that this online system can offer. There are no downloads required as it is a permanently available in the internet. The best thing about getting a career in the foreign exchange market is that you can simplify and organize your numbers in a user friendly interface. You can even choose your broker or your forex trading platform to ease you with forex trade tracking.

What happens when you have the ability to control everything under your fingers and secure a forex trading log at all times? See, another simply irresistible feature that will make you want to join the biz with this techie online trade helper is that it is made to worry your forex risk management so that you no longer need to think about back downs or fluctuations. Since everything happens in real time and at the incredible speed of the internet.

What more can you ask for? Thank you to the advancements of technology, foreign exchange trading can be at reach for anyone who wants to learn and take on the challenge of the risk game of the economy.

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Foreign Exchange Trading (Forex or FX) trading refers to the buying and selling of the world’s numerous currencies. As you probably know, all currencies are interchangeable. However, their value relative to each other is not the same. Their relative value is determined on how well their economies are doing. For example, the number of US dollars required to buy a Euro would be around one or two, at most. However, a million Zimbabwean dollars would probably not be sufficient to buy a dollar. This is because, compared to the US economy, the economy of Zimbabwe is very weak.

There is a simple reason for the link between the state of the overall economy and the value of the currency of a country. If the economy is doing very well, this means that the country is producing a lot of goods and services that are being bought by people, both domestic and foreign. This means that people will need to buy these products and services. They will thus need the currency of that nation to buy its products. Demand for this currency will go up as people will convert other currencies to this one. Hence, the value of the currency will rise compared to other currencies.

The Forex market is certainly the world’s largest financial market, with over USD 3 trillion being traded every day. Over 90% of this amount is purely speculative, that is, traders trying to make a profit over the changes in the market. Very little business represents the currency conversion needs of people, companies and governments. Another important characteristic of this market is that there is no central exchange (like the stock exchanges). In fact, trading occurs over the interbank market. Trading takes place directly between the buyer and the seller, usually over the telephone or through the Internet. However, the main centres of trade are Sydney, London, Tokyo, Frankfurt and New York.

The trader makes a profit through the ever changing currency values. For example, if he is trading in EURUSD (Euro-dollar), he will buy the Euro when the price is falling and sell the dollar. When the dollar price of the Euro rises again, he will sell it to make a profit. The advantage of forex trading with respect to other types of trading such as stock trading is that a currency has many values as opposed to a stock. For example, the value of the USD will be different with respect to the EUR and the JPY. The trader therefore has more leeway in his trade and more opportunities to make profit.

In order to be a successful trader, however, some knowledge of the shifts in currency value is essential. This is achieved by studying the markets of the currencies you would be trading with. In other words, you would need to study reports on the economy of that market on virtually a 24/24 basis (since the forex market is truly global, there is no halt to trade). Is the price of oil rising? What will the impact on the currency be? Are exports on the rise? Answers to such questions will enable you to decide which way the market is likely to move.

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Gold etf price action in the past 5 months has frustrated many traders. Especially those who have difficulty making money during consolidation periods which are in. The past couple months are consistently the weaker months for gold prices year after year. That being said August through year end have been consistently strong for trading gold and gold ETFs.

Gold spot price, you will see that gold found support at the 50 exponential moving average and also found major support at the 200 ema. August is just around the corner when gold generally picks up steam
Gold at support levels and entering August

The collapsing dollar looks to be struggling at resistance and making a lower high and lower low (bear trend). If the USD breaks down it should slide to the 67 cent level and send gold soaring for 2-3 months.

A close up chart of the USD, its currently at the top of its bollinger bands and just made a lower low 2 weeks ago. Head and shoulders anyone.

GLD gold etf is my trading vehicle of choice and is currently at support making higher highs and higher lows (bull trend). While this does not provide a buy signal with my daily trading model, it does provide an excellent trading opportunity for an intraday trade as we should see prices make a move much higher or much lower within the next couple days.

GLD gold etf is poised for a move, does not matter which way at this point thought.

Recent gold etf trade. My focus for short term trading is simple. Wait for a breakout which satisfies my trading model, enter the trade and then exit 50% of position on the first sign of weakness. Exit second half on a trend line break. My goal for GLD ETF is 2-5% and we are in trades for 2-10 days unless prices continue to run. I generally have 10-20 trades per year with gold.

My recent gold ETF trade which profited 3.4% with very little down side risk during a sideways market.

GLD trading for me is the most accurate trading vehicle I have come across. I have been using my proven trading model which avoids the price gaps and keeps risk for each traded under 3%.

Gold ETF funds makes it simple to profit from the markets using a proven trading model for trading long, and short term gold setups.

Chris Vermeulen is a trader and newsletter writer specializing in the price of gold stocks, gold ETF, oil stocks, oil etf, silver stocks, Junior Mining and Energy Stocks listed in the US, Canada and Australia. Please visit my website for more information. TheGoldAndOilGuy.com

The savvy trader knows how to multitask by following the market and a number of traders, but keep cool, calm, and decisive at the same time. In this day and age, with the Internet and its endless stream of information, it’s easy to feel like you are on overload. Digesting all of this information - some of which may be conflicting is difficult, if not impossible. It can cause a lot of confusion that you do not need while you are trying to make your winning trades. Some might even say that once was known as “Information Overload” is now “Information Overkill.”

With such easy access to information, you could believe that if you could just digest every piece of data, you could become the perfect trader. The more you dig the more undiscovered secrets you might find. Well, maybe. But more likely, the more you dig, they bigger hole you will find yourself in. Our advice? Stick to the basics of what you know. You can drive yourself crazy arriving at the same conclusions by spending hours on the Internet as if you had just used your knowledge, skills, and common sense to create a viable, robust trading plan.

There is no such thing as perfect market information. Most of the time, semi-educated financial “experts” provide their opinions to the willing masses. But who is to say that they are right? Jim Cramer, famous for his financial rants on CNBC, once said, “I think that there are changes that have occurred in technology that make it so that more people can have the same level of information that I have. My advantage is that I’m very good at interpreting the information.” That could be true, and there is nothing wrong with listening to Jim Cramer or any other reputable financial analyst.

But information is far from perfect, no matter the source. Media coverage, analyst earnings estimates, annual reports, news about potential adverse events, all of these can contribute to a good trading plan. Nevertheless, they should not be its sole basis. That’s why you got into the trading game in the first place to learn about the markets and use your own intelligence to become a winning trader. Warily trust the information, but trust yourself more. Stock prices may or may not reflect media reports or a company’s announcements. All you can do is read all the information you can, and devise and implement a reasonable trading plan. It won’t be foolproof and that’s all right. That’s it. There’s no foolproof plan, so stop looking!

The “K.I.S.S. Principle” says “Keep It Simple, Stupid.” Don’t overanalyze. Be calm and decisive in what you do, and most of the time, it will pay off. When it doesn’t, well, tomorrow is another day.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Most of us love the familiar. It’s that soothing feeling of security and calm. When you feel comfort without a sense of impending risk, you are in your “comfort zone.” Your trading success depends on your ability to find that balance between “organized chaos” and confidence in what you do. Many thriving traders believe that you must step outside your comfort zone and feel a bit of anxiety to become truly successful.

By definition, a comfort zone represents that set of behaviors that a person will engage in without becoming anxious. Comfort zones are individual things; your personality, in fact, can be described by your comfort zone. Highly successful traders may routinely step outside their comfort zones, to take risks and accomplish what they wish. To step outside their comfort zone, seasoned traders often experiment with new and different behaviors or activities, and then experience the new and different responses that then occur within the trading environment.

Often, novice traders recognize the need to take risks, but fear doing so as it would result in losing the sense of security he or she derives from the job. As they move closer to the edges of that zone, they begin to feel uneasy and anxious. But those edges are where new traders grow. And by stretching those boundaries, they increase their ability to succeed.

Despite all the mentoring from experienced traders, each new trader must make their own way in the world, doing the best they can. And, quite often, mistakes are made when someone is outside of their comfort zone.

To stay in your comfort zone through mere habit will cause you to avoid all mistakes by sticking with the “tried and true.” You’ll miss many exciting trading opportunities. That is when you will be stuck in a trading “rut”; by avoiding risk, you dig yourself a hole from which it is hard to emerge.

Here are just a few suggestions to step outside of your comfort zone:

1. Get your market news from different sources.
2. Use 15-minutes a day for positive affirmations.
3. Ask a seasoned trader you admire to be your mentor.
4. Take responsibility for something you didn’t do.
5. Give a public talk on trading to a local investing group or college class.
6. Join a trading networking group.
7. Ask for help.
8. Start an internet blog on trading.
9. Read a book in a genre you don’t usually read.
10. Delegate more of your work.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Using the mind to create positive results is far from a new concept. Athletes have been using techniques for decades to help them achieve higher levels of success through the power associated with the mind. Positive imagery is useful for the majority of those who want to experience success, not just for those engaged in athletic pursuits. The mind has an amazing ability to guide us on an unconscious level to help get us to where we want to go, especially as we learn to make decisions faster and trust ourselves more deeply.

Breaking a losing streak can seem like an overwhelmingly difficult process when you are in it. Watching your money just fade away into the dust time and time again can have a negative impact on the perception that the mind develops. Using imagery to break a losing streak can help the mind refocus on winning instead of losing and then the mind is more capable of helping us come to a very rational and well thought out decision.

The mind can be very easily directed and redirected in the direction that we want to go. By simply putting certain thoughts in our head, we can either project whether we are more likely to move forward, stand still, or slide backward on our financial scale. The role the mind actually has in developing success and failure has still yet to be completely determined, but new studies continually prove that the mind plays such a vital role that multi-millionaires can create a homeless situation for themselves within 5 years based solely on their beliefs and the way their mind has led them to their actions.

So if the mind has such a strong factor in our behaviors that lead to either success or failure, it would make sense that one of the greatest lessons we all have to learn is how we can use the mind to bring the ultimate success into our lives. Positive imagery is one of the most simple and basic steps to creating mind enhanced behaviors and is also one of the most effective.

Positive imagery is not difficult to master. In fact, we do it all the time, we just aren’t always aware of it. When we day dream, we are performing a type of imagery. Thus daydreaming is one step closer to using the power of the mind. Sitting in a quiet place, just image yourself at the next level of trading, whatever that means to you.

Get very specific and focus in on the details in order to paint the most accurate picture possible. Image more than just what your bank account would look like, but even focus on skills you have mastered, lessons you have learned, and how you are feeling emotionally in the imagery exercise. The more specific you get during your imagery sessions, the easier it is for your mind to help guide your behaviors toward successful behaviors.

Working with a daily positive imagery session, even if only for a few minutes, helps to polish your daily activities and helps your brain focus on getting down to the nitty gritty details of creating such a positive life. As you develop this skill you will start to notice almost immediate behavioral changes. You can use the power of positive imagery to move faster toward what you want and faster away from what you don’t want.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

When we are novice traders, we enter into this venue with a healthy amount of trepidation. We would be truly naive and somewhat foolhardy not to have at least some level of anxiety and fear. After all, we are banking quite a bit on being able to learn and grow competent at the trading game. Yet, there is a difference between a healthy amount of learner’s worry and fear based trading. Fear based trading means that you are trading without the benefit of your intelligent thought processes.

Understanding your fear is part of conquering it and decidedly not permitting it to make decisions for you. The other part is learning when your fears are rational and when they are less than rational. All fear has a target, meaning that all your fears have a specific and stated beginning, end, and base. If you grew up so impoverished that you family couldn’t afford Band Aids then you may have the fear that without enough money you will not be safe, not even safe enough to fall down while “playing.”

The most well rounded perceptive traders know that the attitude with which you start your day can mean the difference between success and failure.

“The best traders in the world know that being mentally prepared is absolutely essential to compete in today’s markets. Without a firm understanding of the psychology of trading, even the best stock picker will fail.”

So how do you train your mind to persist, even in the face of increasingly steep challenges? Mark Douglas, renowned trading expert and author, notes, “There is a huge gap between what is possible from the market’s perspective, which is virtually anything, and what is possible from the trader’s personal perspective.” He calls it the “reality gap,” and to be a successful trader, without limited expectations, you must close that gap to take advantage of these abundant opportunities.

Traders face tremendous pressure, stress, and expectations that could crush the ordinary, unprepared individual. By finding approaches to setting trading goals, overcoming slumps, recovering from bad trades and just enjoying the challenge of trading you will have the basic skills you need to become successful at this game. And a game it is. Read all the stock reports, and hands-on trading books you want. Until you master the mental part of the world of online trading, you won’t get anywhere.

How do some of the world’s most successful traders amass millions of dollars? While method undoubtedly accounts largely for trading success, no one approach is used by all. What they do all hold in common, however, is the combination of a well-laid trading plan and the proper mental attitude. The secret has more to do with optimism than with approach. Optimism is a powerful determinant of success. While it may be easy to get discouraged and often natural to feel defeated by a string of bad trades, an optimistic attitude can close your own “reality gap.”

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Some of us are great at coming up with our trading plans but fall pretty short on the actual execution. If we could make a profit by coming up with just the plans we would be wealthy enough to retire after one year. But it really just doesn’t work like that. Instead, we find that we are rather loathe to follow through and execute our trades. We hang onto our plans like security blankets and then stare at a computer screen with more fear than we can put into words. Visualization techniques can help undo the fear and help move us forward into the realm of executing clear and strong trades.

If you take a visualization technique from the beginning of the trade to the end of the trade, you’ll notice a multitude of new events happening in your mind. First, you’ll probably experience or at least anticipate having stronger emotions than you first considered. After all, if we didn’t have fear about the actual trade, we would be moving forward quite nicely. It is perfectly ok to explore those emotions. You might be surprised to find the emotion that is holding you back. In some cases, you might be able to “surprise” yourself with unexpected events as the trades goes through. In real life, these events might look like mistakes or they might resemble another fear. Look into them. Find out why these emotions are preventing you from really moving forward in your career.

It can be really shocking to go through these events in your mind and uncover a vast array of previously undiscovered fears that are standing before you with a strong wall between you and your success. What visualization techniques are designed for is just that. Learning what our fears or anxieties are while we are still in our minds opens doors and pathways into becoming a stronger and better trader all around. There are plenty of times when it seems we should be doing better than we are, executing more trades than we do, or even just getting up on that horse for the first time. But it is not uncommon to need a little extra help in getting there. We are dealing with two issues that most people find rather uncomfortable, money and the certainty of mistakes. Combine the two and some of feel absolutely paralyzed with fears.

During your visualization practices, you can take the opportunity to monitor your inner dialog. Are you scaring yourself right out of executing the trade or are you scaring yourself about the potential to lose money? Finding out these answers are likely to help you enter the next trade with a clear and strong intention rather than a worried and scattered thought process. When we can enter trades with a strong and clear intention we aren’t likely to be pulled away by a simple distraction nor are we able to easily talk ourselves out of it.

Visualization might take a little bit of practice at first. Learning any new skill takes a dedicated effort. But those who have used it have found that it really helps them to break through their wall and get on with the business of trading. You can do anything that you want to set your mind to. Sometimes you just need a quiet but clear reminder about how you are powerful enough to deal head on with your fears and worries and how much you have invested in being fearful over the past several years.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

What does willpower mean to you? Are you firmly of the belief that you are simply born with a certain degree of willpower and that no matter what you do in this life you are stuck with what you were born with? Or do you subscribe to the notion that willpower is more in the hands of the individual as a changeable force if the individual is so inclined? This belief will help determine how well you create and stick to your trading plans and ultimately your level of success.

When we come up with a trading plan, we find it very difficult to stick to during the formative years of trading. We often wonder if we made a mistake during the planning process or if we covered enough aspects when were coming up with the trading plan. In the beginning, sticking to the trading plan is a direct exercise in willpower and a desire to succeed. If you believe that you were born with very little willpower and the your willpower is stuck at the same level that you have had all of your life, then you are going to be much more likely to excuse yourself should you abandon your trading plan too prematurely.

Alternatively, the opposite is true. If you believe that your level of willpower is in your own hands and you are able to gather more as you grow, you are much more likely to stick to your trading plan and finish things through until the end because you aren’t apt to excuse yourself if you don’t.

Willpower and drive go hand in hand. If you believe that you have a lot of willpower then you also believe that you have a high level of dedication to your own success. Does this mean those with a lower level of willpower don’t? Of course not. But what those with a lower threshold of willpower often find a range of excuses to let themselves off the hook for not achieving whatever they had set out to achieve.

Developing willpower and your basic beliefs about willpower go hand in hand. If you don’t believe that you can change your willpower intensity, then you might end up believing that you will forever be changing your mind, your plans, and your business. Believe it or not, you have the capacity to change everything about your belief system. If you find a belief that isn’t serving you, it is possible to just flip it around use a different belief. This means that you believe that your willpower is a changeable force as long as you believe that you can change your beliefs.

Willpower can be gathered by simply learning to stick with your plan of attack. When you are tempted to abandon your trading plan, step back and give it more time. Thus, you are choosing by choosing to wait out your desire to abandon your plan, you are also choosing to enhance your willpower.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

When you enter trading as anything more than just a hobby, you will hear advice, thoughts, perspectives, and judgments from a grand variety of people who believe they know best. How you begin to filter this information and filter the differences between their experience and your own is critical in maintaining your own focus. It can be easy to get caught up in someone else’s enthusiasm or dejection without considering what you really think for yourself.

People in general, as much as generalizations don’t always serve us, are apt to come at you from three different perspectives. They may carry a great deal of realism and have a firm handle on how to interpret the market or they may be excessively cynical or optimistic. When coming from the perspective of excessive optimism or skepticism there will always be a slant to all their interpretations of the market and especially particular investments.

Working through that slant is something that they haven’t yet done for themselves in order to make better decisions. Additionally, if they haven’t worked through their slanted opinions for their own benefit, why on earth would you presume that they would do it for yours? The information that they are giving you isn’t any more valuable than making investment decisions based on your horoscope.

The value of slant, if there is one, is that it allows an individual to decide within their own comfort zone. For a small period in the beginning of trading, that can be useful to a degree. When using their own perspective in their decision making abilities, an individual is basically testing the waters, finding out how accurate their views really are, and are making adjustments along the way. Slant allows us to test our own theories and reconstruct them as we find that they fail.

The downside of slant is much more prevalent and powerful. Slant is often the leading misnomer to the underlying claims of making fast fortunes, quick runs, and of course, get rich quick schemes. When anyone makes a positive or negative claim, they are filtering through slant. When ever we believe a positive or negative claim, we are filtering through slant. Even if someone made three fabulous trades and did the unheard of, like tripling their funds, when we hear about their story we filter it through slant. We either believe it and think that perhaps we can do it as well or we discount as a fairy tale, as an outright lie, or as a possibility for someone else but never a possibility for ourselves.

Just as we learn to filter the ticker tape through an unslanted lens, we also learn to filter the stories, advice, and even feedback of others through an unslanted filter in order to reach our financial and personal goals. By being able to listen or read about the experience of others, their thoughts, opinions, and schemes and decide that that may or may not have been their actual experience but that doesn’t make it all that relevant to our own allows us to make clear headed decisions for ourselves.

We have been taught since birth not to trust ourselves. In so many ways, we have been taught how to listen to others and compare our own judgments, thoughts, and experiences against theirs. This has yet to strike most of us as an unproductive method of making decisions. Until we believe that we are the only ones who really know what is best for us and that we believe that we are capable of making decisions based entirely on our own skills, abilities, and interpretations, we never really reach our own personal summit of trading.

Trading requires a bit of gumption, a bit of enthusiastic willingness to test and trust our own abilities. When we allow the experiences or claims of others to jump in there and help us make decisions for us, we are not really listening to ourselves anymore. Then when we lose, we convince ourselves that we have been victimized because someone else didn’t know what they were talking about. When we win, we tend to believe that we would have made a poor decision without the influence of that information. Taking complete control and taking responsibility for every trade we make, win or lose, then we set ourselves up to experience genuine success and have also proven to ourselves that we are capable of success without the influence of others.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.