Forex Trading Guide                       Bookmark This Page

Forex trading Navigation



Accurate Forex Signals
9.99 Forex Trades
Forex Signals
Forex Course Trading
Forex Trainer
Forex Options
Forex Networking
Top Forex Sites
Forex Currency Exchangers
Calculate C Forex Fisher
Forex Trading Alerts
Forex Directory
Online Forex Trading
Active Forex Trade
Boot Camp For Forex Trading
Daily Forex Signals
Forex Rate
Forex Daytrading Course
Forex Option
Day Trade Forex
Learning To Trade Forex
Forex Learning
Rob Booker Forex Trader Fraud Scam
Neural Networks Forex
Forex Technical Analysis
Forex trading Links


2005 Best Seller!

forex strategy explained
Buy it now


Best Forex trading products


Government Grants.
30 million people will receive government money this year. Be one of them. Receive cash grants for any purpose.

Free Government Grants For Anyone.
75% Commissions, High Conversion.

Short Swing Trading.
A Complete and comprehensive strategy for trading short swings in share prices.

Everything You Know Is Wrong!
About Paying Off Your Debts that is! Our strategy will have you debt free in 3 to 5 years. 97% Success Rate!

UncleSamsMoney - Find Billions In Grants.
Affiliates Earn 70% on this Top Selling program! Very High Conversion Rates! Low Return!


Main Forex trading resources

Forex trading

 

Welcome to Forex Trading Guide

Article

Forex: Why Psychiatrists Make Better Traders Than Expert Economists?
Alexander Brin

It should be noted that millionaire traders, Elder, Williams and some others are in fact professional psychiatrists. And it is not accidental that not the economists are the leaders and most successful traders, but professional psychiatrists and psychotherapists. Think about it. You will become a successful trader when you understand why it happens with Forex. You will understand what your Forex mistakes are, and why you are making them. And when you correct these mistakes you will become a trader who has no psychological barriers and obstacles on his way to better earnings in the Forex market.



So, why do the psychiatrists make better traders than economists who, as one would think, have the Forex market at their finger tips?


The economists are confused by:


- the fact that exchange rates are not always related directly to the economic circumstances in the countries. Well, do you know any economist who would be bidding for low fx rates when the economic situation is getting better and better? Or the one who admits that technical analysis of currency pairs is more important for Forex trading than the fundamental one? Any economist is confident that this can never happen because he knows all the economic dogmas. But it happens in the Forex. After all, how can a trader lose with the currencies moving up and down by the economic rules? The currency will surely react to the economic changes in the country, but who knows when and how? Here is a tip: there is the Elliott fifth way to teach a lesson to the ones who believe that fundamental knowledge is enough (before the trend turns, the currency spurts absurdly by the old trend), to confuse and draw the newbies into the game, while the experts wait for the trend to turn back.


- the lack of psychological knowledge that helps to understand the behavior of the crowd. And that is self-evident.


Are there any methods to overcome this fear?


It seems that every Forex book, every article offers efficient solutions for psychological difficulties experienced by the traders.


IN FACT NEITHER OF THESE BOOKS CONTAINS METHODS TO OVERCOME THE FEAR EXPERIENCED BY A FOREX TRADER!


But what do these books offer instead?


Almost every book of this kind consists of two unequal parts:


- the bigger part of the book narrates about traders’ problem that interfere with their Forex work and make it unsuccessful (nervousness, doubts, worries, fear, sleep deprivation, etc.). As if the traders do not know their own problems.


- the considerably lesser part contains conclusions and recommendations to the traders who are to solve their problems and overcome their fears to become successful.


The conclusions are disappointing:


Many psychiatrists realize that the new field opens before their eyes – now they may treat traders whose number amounts to millions all over the world and is growing with every day. And since most traders have a dream to become as successful as George Soros and other famous traders, this new field promises to be rather lucrative.


One thing is bad though: the overwhelming majority of these new-sprung trader brain specialists do not even know what the Forex is all about.


About the Author: For more information and articles, please, visit our site at

guide.com'>Forex Trading Guide and blog Forex Trading Blog

Source: www.isnare.com




Forex trading News

Forex trading

Jan. 8 (Bloomberg) -- The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy ...

Read more


BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2) - Bloomberg

(*) This is the password you need to enter the hotComm room, not your FXstreet.com user account password. Discussion of previous Special Reports on FXStreet: Perceiving Forex Volatility through Descriptive Statistics (Parts I and II) How can traders ...

Read more


How to Get Started Trading Forex - FXStreet.com

Jan 08 - Euro Likely to Rally vs US Dollar on Clear Shift in Forex Sentiment Jan 02 - Euro Forecast Bearish on Forex Crowd US Dollar Selling Dec 26 - US Dollar Forecast Unclear on Drop in Forex Trading Activity Dec 18 - US Dollar Forecast to Recover ...

Read more


Euro Likely to Rally vs US Dollar on Clear Shift in Forex Sentiment - DailyFx

Rate two-way and presses to highs as stops above the 1.3580 area are cleared; more noted above 1.3660 and 1.3720. Cross-liquidation continues but rallies back hard as official bids absorb offers under the 1.3350 area yesterday. Traders note sovereign ...

Read more


EURO USD Forex Trading Tips and Analysis for Day Traders - Top News India

ZURICH, Switzerland, Jan. 8 /PRNewswire/ -- In close collaboration with PFSoft, Forexone has released the ProTrader private branded trading platform entitled FXInfinity TRADEMONSTER. "PFSoft turned out to be the ideal partner for our development of ...

Read more


Swiss FX Broker Forexone Releases New Forex Trading Platform from ... - Yahoo Finance

(*) This is the password you need to enter the hotComm room, not your FXstreet.com user account password. Dr. S. Sivaraman presents his "Tracking the forex market together" double Live Trading Session. Read the FX European market and learn to make ...

Read more


Tracking the forex market together / Part II - FXStreet.com

Jan 08 - Expected BoE Rate Cut Conflicts With Bullish Pound Technical Outlook Jan 08 - Identifying Trades with DailyFX 01.08.09 Jan 07 - Dollar Shaken By Deficit Forecast, BoE Rate Decision Top Event Risk Tomorrow (Forex Video) Jan 07 - Euro Upside ...

Read more


Euro Falters as CPI Suggests ECB Will Cut Rates (Forex Video) - DailyFx

An increasing number of people are now turning to forex trading as a means of generating revenue. However there is a lot to learn, so with that in mind, here are some of the basics you should know before you even think about trading forex with real ...

Read more


A Few Things You Need To Know About Forex Trading - Best Syndication

Veteran Turtle Trader, Russell Sands, Will Auto-Trade For You. $6K Minimum. 100% Guaranteed. Automate Your FOREX Trading and Explode Your Profits TODAY! Double Your Money Each and Every Month. FAP Robot Eliminates the Guess Work in FOREX Trading ...

Read more


Forex News Trading - Colleyville Courier

TOKYO, Jan 5 (Reuters) - The dollar held firm near a three-week high against the yen on Monday as risk appetite grew after Tokyo shares followed Wall Street higher on hopes for a recovery in the U.S. economy later in the year. The Nikkei share ...

Read more


 

Home | Blog | Partners | Add UrlSite Directory | Search this Site  | Bookmark This Page