tailieunhanh - Strategies Getting Started in Currency Trading_9

Tham khảo tài liệu 'strategies getting started in currency trading_9', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Chapter Psychology of Trading Ten years ago you would find if you looked perhaps one or two books written about the psychology of trading. Today there are nearly a dozen on the market. I think this is partly a function of the fact that almost everything that can be said about trading methods has been said. I say almost because I am constantly peppering my editor with proposals for more books There is perhaps another reason. Traders are finally coming to the realization that a trading method no matter how good does not in itself lead to consistent success in the market. When you were a teenager your mother or father probably accused you at one time or another of having an attitude. Traders have an attitude also although probably not of the kind your parents meant. While trading methods are as varied and different as snowflakes successful traders seem to share a set of attitude traits and money management techniques. In this chapter and Chapter 16 Money Management Simplified I delineate and discuss these common traits and techniques. Much has been written about the power of positive thinking from Napoleon Hill s classic Think and Grow Rich to psycho-cybernetics to the Seth Material and Abraham. My own belief is that our consciousness is an active agent in the unfolding universe not the passive onlooker of most of Western philosophy. Imagine and visualize success in some concrete form or image. You may find the universe coming to you. 221 222 THE COMPLETE FOREX TRADER FIGURE The Trading Pyramid The Trading Pyramid As I have mentioned previously there are three components to a trading program trading method money management and psychology or attitude. The vast majority of traders spend almost all of their efforts affecting a trading method. Ninety percent of market books are still trading method tomes. In fact most successful traders will tell you of the three components the trading method is the least important. You are well advised to allocate significant .