Hi! I’m Stan Shober, for the past several years I’ve been talking with hundreds of FOREX traders from around the world. And in the process of training professional traders, we trained for there soul source of income. I had the opportunity to speak with hundreds of traders individually, and I had them demonstrate to me there process of thinking of when they enter a trade and why so that I can discover if they are having any challenges what they might be. And in the process, I have discovered that there are two very simple things that you can do to become a total master of FOREX Trading.
And those two things are, one enter a trade when there is an entry signal. And two, exit a trade when there is an exit signal. Now, this may seem extremely simple but why is it that so many people do everything but those two things. One of the traders in our platinum trading recently said in our live revenuers. It is been my experience that if we ever don’t get profit, the reason is always our own fault and not the fault of our trading method. I ask another trader who adjust captain a 100% increase in capital over the last two months. What are you doing? And he said I’m entering a trade when there is an entry signal and I am exiting the trade when there is an exit signal. And we laugh because that’s something that I say everyday in our live revenuers. But why is it? That is considering extra ordinary when someone does that.
Many people already know that our trading method is extremely profitable and that’s well established and not in question. But the people who don’t have extremely good results are usually doing one or more of these four things. One, they are entering the trade when there is not any entry signal. Two, they are not entering the trade when there is an entry signal. Three, they are exiting a trade when there is not an exit signal. And four, they are not exiting a trade when there is an exit signal. Now the reasons why people don’t do these two things and instead they do these other four things are wide and diverse. One person will look at the trading method and say, this is too simple I wanted something more completed and lists just that who interest me and they go often do something else.
Another person will look at the exact same trading method and say, this is too complicated as too difficult, and I can’t learn this so I am going to go and try to find something that’s easier to do. One person may just decide of new some other trading method or a person may decide start entering trades for different reasons other than using our trading method. People may form some kind of opinion or judgment or have some kind of the emotional reaction or negative opinion about there experience. Before they really test this out and the end results is that they don’t do these two things and they do what are more we got a four things. Some people don’t enter a trade when there is an entry signal because they’re afraid or because there is uncertainly in there minds because they don’t know for sure if a trade is going to go in there direction. And the truth is, if I ask you reasons for not entering a trade you will never enter a trade because you’ll never know for sure that a trade will going your direction, right?
There is always a risk in entering a trade and every time you enter, a trade in FOREX there is a risk that you could loss. Likewise some people exit a trade a lot of people, exit a trade when there is no an exit signal because they are afraid of losing the profit that they already have. When if they look back over time and test this process on historical data and forward test it in real time in there—at demo or live accounts. They will see that if you’re entering for the right reasons, if you’re entering winning trades then you should exit when there is an exit signal otherwise your consistently cutting your profits and your loss is remain the same size. There is a very small percentage of this process that actually involves understanding of what an entry signal is from an intellectual stand point from the stand point of looking at sharks and using technical analysis.
And most people think that the entire process has do it understanding what is an entry signal when in fact most people will come to the point where they do understand what an enter signal is and yet they do one of the four things. They don’t enter one of there entry signal and so on. But there is some work and practice and experience that is needed in order to recognize what an entry signal is and during the process there can be some disagreement from one person to another that one person may say this is an entry signal. And other person may say no I don’t consider that to be an entry signal and that’s we do everyday in our life revenuers and which will enter an exit trades in real time. But the primary reason why some traders do extremely well while others don’t is because the traders we do extremely well enter when there is an entry signal and exit when there is an exit signal. And they don’t make up reasons to not do that. Since this is a big percentage of what creates success in FOREX Trading, we continue to explore how to overcome this challenge.
The first step is to recognize that you are a making up reasons to not do these two things whatever those reasons are. You may feel that your reasons are quite legitimate but you are making up reasons to not do these two things. And when you recognize that then, you can begin to overcome it, you can use hypnotherapy, NLP, affirmations or just use your own inner strength and force of real power to start doing those two things. If you are getting extremely good results in your FOREX Trading or just start coming to our live revenuers and asks some of the traders that they’re asks your own colleagues to help show you why you’re not doing those two things and why you’re doing one or more those are the four things. If you’re serious about the FOREX Trading business, this is an essential step toward your long-term success.
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