Forex Trading Dirty Harry
From Wikimochis
In the Film "Dirty Harry" starring Clint Eastwood, the character Dirty Harry features a villain in the sights of his famous magnum hand gun.
Some inches faraway from the villains hand is that the villains gun.
It's a tense moment within the film whereas the villain decides whether or not to travel for his gun on the belief that Dirty Harry's gun is empty - or to surrender.
Dirty Harry then utters the immortal line "Are you feeling lucky punk, well are you?"
After all, Dirty Harry is aware of that he [Dirty Harry] has an extremely high likelihood of a successful outcome to the present encounter.
A standard thread amongst several novice and some not therefore novice traders is that are putting trade once trade and at the end of the day/week/month they are not doing in addition to they expected.
Does this remind?
One of the best myths in trading is that an "active" trader is one who spends their entire trading day inserting trade once trade.
Some even believe that the "active" trader places trades on several completely different currency pairs simultaneously and once one trade closes they open another.
Many novice traders spend their whole time trying for trading opportunities and become terribly dismayed if they can't find one - believing that the market should somehow give the best chance for them whenever they want to trade.
These are the terribly myths and miscomprehensions that cause several novice traders to supply poorer results than they would have wanted for.
In reality, the active and successful traders are those who pay their trading time studying the charts, assessing the potential impact of pending news releases and watching for all of their indicators to move into good harmony.
Then they start looking for reasons NOT to trade.
Yes, I'll say that again - They start wanting for reasons NOT to position a trade!
If after looking for reasons NOT to put the trade, they can not notice any, then they understand that this can be a high probability of success trade.
Then, and solely then, they enter that trade. Successful active traders understand that opportunities want to be watched and waited for.
They perceive that great opportunities regularly come back along, they simply need to be prepared to take advantage of them when the time is right.
Successful traders grasp that they can not force the pace - the market dictates and they respond, however they solely respond when the conditions are as close to perfect as will be expected in the forex market.
Does this take a heap of self discipline and self management? Yes.
Does it build a heap of difference to their overall trading performance? You bet it does.
Next time you believe that you are ready to put a trade, attempt looking for reasons NOT to place that trade. You may be amazed at the distinction that this procedure can build to your trading.
In future, before you pull the trigger, you wish to possess the assurance of knowing that you have got the very best likelihood of success - simply like Dirty Harry had - and to not be asking yourself "am I feeling lucky punk, well am I!!!"
forex tips
Find out more on forex jobs
