O'Reilly logo

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

UNDERSTAND YOURSELF, UNDERSTAND YOUR TRADES

Even though understanding the humanity in the charts is important, understanding yourself is even more vital to your success. To understand the market’s greed and fear, you must first understand your own.
There comes a time where all new forex traders have to search their souls and ask themselves if they are willing to do whatever it takes to succeed. I think this is an important step in the personal development of a successful trader.
There needs to be a moment in time that you mentally commit to forex. Many trade simply because it is fun and exciting. Having attended so many forex conferences around the world, it seems like the vast majority of new traders are just checking it out. They want to “play forex” for a while and see how it goes.
However, because you bought this book, you are likely a lot more serious than that. This is especially true if you have been trading forex for a while. You are probably doing okay. So what’s holding you back from unquestionable success? It could be you. I can say this, because in my case, it was me who was holding me back.

Mano y Mano

I had to confront myself in the mirror. I looked myself in the eyes and asked:
• Do I have the guts to push myself to the next level?
• Am I willing to do whatever it takes to find success?
 
This may seem silly. However, I assure you, it was an important step for me. I “reenlisted” in forex and made a 100 percent total commitment.
I realized that success ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required