Am new in forex trade and will be glad if someone can help me master it very well.I have already started a live account.Can anyone help me ?
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To be a master of the markets, like most things in life, one first have to master himself. "Man Know Thy Self" Your Strengths and weaknes, your will , our emotional self, your spiritual self, your physical competences, your needs, your wants, your desires, your nesesities, your reasons , your goals. One alse have to be aware of His enviroments ,and the forces and actions of mother nature , it is natural forces that drives the markets . There are important questions you have to ask yourself. Ask thyself why ?: Why are you doing what you are doing or about to do before you end up asking yourself why you did what you did. Ask your self : are you doing what you do for the benefit of yourself or your whole ( you and your others) how will your choices affect your self and your others? ..after all, your life comes down to your choices . In life you an make many choices, in the markets you are limited to two choices , to be exposed , or not to be exposed, you chose . Only one of those choices will result in an effect, either negative or positive . To be Exposed is when you take a risk . to take a risk or place a trade is to Expose a certain portion of your capital to the forces of nature present in the markets. Again here your life comes down to choices, how informed you are will help you in making your final decisions ..which is not very difficult as you will always be limited to one of two choices , first decision is the market you decide to expose your capital to. This choice is usually bassed on how informed you are about what is happening in all the markets made available to you by your broker . Here your broker may allow you multiples of choices .. After you have decided on the market you intend to trade in .. you then have to make one of two choices . here you get to chose sides . THIS IS THE KINGDOM OF THE BEAST! There are two Great Iconic Beasts that rules this kingdom, The BULL and THE BEAR .. have you ever faced a raging bull ? or a ravenous bear ? .. These two geat Beasts ( or forces of nature) are in a constant battle for supremacy .. sometimes swinging to one side and sometimes swining to the other side, Your final choice in this life is which side you will support .. The Bull or The Bear .. this arena is full of mystery know ye this! so water becomes ice and ice becomes water . so it is in this kingdom it is the Bull that becomes the Bear and the bear becomes the bull . its the mystery of Mystery Babylon you are either a bull or a bear .. how fast you can transform lies in your emotional self, your will to act , your internet connection and your broker. You MUST understand the principle of TIMELY Transformations .. you dont want to be in hooves when you should still be in your paws . Just as the waves rushes to the shores and receades to the ocean in a timely fashion and sweet rhythim so your transformations shall be in a timely and rhythmic fashion .. form a bull to a bear and visa versa .
To cut the prophetic B.S. the long and short of trading is that you are either LONG or BUYING a Security (Bullish), or SHORT or Selling a Security (Bearish). when you chose to buy or sell should be bassed on the stronger force at the time. and how informed you are. take this as an introduction .. successful forex trading is a long an winding road beset with numerous perilous and joyous moments . welcome
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