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Winners and losers are separated on day one, even before any buttons were pressed.
To change from a losing trader to a winning trader you need to make a paradigm shift.
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It is an unfortunate fact, when one comes
to trading the markets, that there are many, many more losers than
winners. Only a small number of traders make more money than the rest put
together.
The difference between these two groups, the winners and the losers,
is their attitude and mental approach to trading. Successful
traders have self-discipline and control over their emotions, resulting
in an ability to change their minds instantly whenever it is necessary.
What makes for the successful attitude and approach cannot be taught
before you enter the market. It has to be experienced and learned by
practising and developing the correct mental attitude and discipline.
Good, successful traders have mastered these attitudes and disciplines,
but usually find it very hard to convey how they do what they do to
others. Books help, but the ultimate way to acquire these essential
elements of day trading success lies in the practice. The purpose of this
rehabilitation programme is to guide you and assist you to confront
the inefficiencies in your approach and attitude and to change what
needs to be changed in order for you to make money.
I have written a book, Bird Watching in Lion Country - Retail Forex Trading Explained, which serves as a guide help you to make the necessary changes, the needed paradigm shift.
It is one thing to be a successful trader. It is a completely different
thing to be a mentor or trainer of would-be successful traders. Some
people can trade successfully but can’t teach how they do it. Many can
teach but can’t trade. A few can do both, and it is very important, when
considering a mentor, to find this rare combination.
Most novices, or struggling traders have had some experience of a
short training course, usually slapdash and inadequate. Courses such as
these tell you just enough to make you a danger to yourself: a little bit
on technical analysis tools, a bit of fundamental analysis, a sketch of
market dynamics, a touch on trading psychology. The trader then goes off,
trades, and crashes.
The rehabilitation programme we offer is primarily for novice day
traders.
If you are a novice trader, who went through an instant get-rich
course, and you are not performing, you should seriously consider doing the complete
rehabilitation programme.
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RISK WARNING :
Customers should be aware of the risks associated with over-the-counter, spot Forex trading. In the off-exchange market, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction. Forex trading can be highly speculative in nature, which can mean prices may become extremely volatile. Forex trading can be highly leveraged. Since low margin deposits normally are required, an extremely high degree of leverage is obtainable in over-the-counter trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the over-the-counter market should only be conducted with risk capital you can afford to lose and which will not dramatically impact your lifestyle.
Leverage risk
Forex trading can be highly leveraged. Since low margin deposits normally are required, an extremely high degree of leverage is obtainable in over-the-counter trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Excessive leverage increase this risk.
