3 things your Forex broker doesn’t want you to know
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Back in the nineties I became a futures broker. This was when the internet was in its infancy; in those days brokers trading against clients mindset that wanted to trade futures had to do it through a broker brokers trading against clients mindset as myself.
By doing this I learned a lot about the mindset of the losing trader as well as the winners in this arena. They would then call and nervously give me a stop loss order. Yes, it was my customer wanting to move the stop away from the market.
The fear of losing would not allow them to get stopped out. This, invariably, was at the market lows. This would happen repeatedly until the customer either got so frustrated that they would quit or they would simply run out of money.
Notice the mindset of this trader, always chasing price, always fearful of losing and changing his mind constantly. In contrast, one very successful trader that I had the privilege to have as a client, had a much different mindset. When he would call he was almost always relaxed and jovial. One thing that really struck me about this gentleman was that he would laugh sometimes when he exited a brokers trading against clients mindset with a loss as if it were a joke.
I think this mindset came from his confidence and belief in his trading system, which I personally saw produce extraordinary results. What can be learned is that a healthy attitude about losing, having a strong strategy and the confidence and discipline to follow brokers trading against clients mindset is paramount to success in this business.
This does not come easy, however, but can be cultivated and harnessed with the right training. Disclaimer This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever.
Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.
The author may or may not have positions in Financial Instruments anleitung binare optionen handeln youtube in this newsletter.
Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. Reprints allowed for private reading only, for all else, please obtain permission.