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  1. #1
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    ACTION in Trading

    Hello dear all forum members, this time I will talk about the "ACTION" in trading, I get this inspiration from a TV show last year. Action in trading (forex, stocks, or commodities) is critical for a company's profit or loss. Thus, the trader should be able to determine what the good action to take.

    The secret to success in trading is not the only from the greatness of indicators or trading system that is used. The most influential factor is from our ACTION.

    "ACTION" in this topic is an acronym that focuses on the psychology of trading.

    A = Accept. That is willing to accept all possibilities that will happen, either profit or loss. If you are aware of the risk of the worst in trade, then surely you will prepare seriously earlier.

    C = Center. That is focus when doing the transaction, the more calm a person's psychological condition then the ability to focus will be even greater. Perform a simple relaxation in order to focus on the quality of trading. Learning to be more focused can be done through simple relaxation with meditation, yoga, or just pull a deep breath. Because traders who are not able to focus and emotionally very vulnerable to poor trading decisions.

    T = Trust . Trust yourself, trust the results of your analysis and your intuition exceed trading recommendations from others. If you trust the results of your analysis and self-intuition then will sharpen self-confidence which important for trading. If you lack confidence in your trading strategy, perform evaluation and testing, if the result is bad, kindly change your trading system.

    I = Imagine. Visualize success before you actually reach it, in order to encourage your goal quickly achieved.

    O = Ojective. Try to be objective in assessing a stock, currency or commodity, traders fear can make over in analyzing, hesitant, not confidence, and not objective. Focus on the transaction at hand, not too many wishing or foresee the market.

    N = Never. Never stop across of action once you have began. This is a problem that often I experienced. Successful trader love a complete trading. Complete your trade according to plan early and do not change. Plan your trade and trade your plan. If you are hesitant to start, then do not trade.

    Hopefully with these tips we can take good "ACTION" in trading. cheers...

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    If you lose, be patient. If you win, stay humble

  2. #241
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    Forex is becoming a reliable earning source when it comes to the question of earning money on a virtual earning source. A forex trader must understand how he can earn money by taking good actions in the forex market. And a forex trader should not take decisions very suddenly and when market goes uncertain a trader may avoid trading with larger lots. By this process, a forex trader can ensure safe trading journey.

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  3. #242
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    Quote Originally Posted by rinaji View Post
    I = Imagine. Visualize success before you actually reach it, in order to encourage your goal quickly achieved.
    This thing has two different sides, possitive side and negative side, this thing can make us always have a tireless spirit to fight for success, but sometimes it also makes us do silly things if we are too ambitious in chasing this. Only patience which can able to control it, and we should also be able to think realistically in imagination. All unrealistic things must be kept within us in this field. Because it will only make our progress will not develop or slow.

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