Tuesday, March 24, 2009

Unsuccessful trader behaviour

Thousands of books and hundreds of seminars relating to investing and wealth creations have flourished throughout the years by successful people. One thing for sure is that successful people will do what unsuccessful people won't or can't do!

Let's look at what an unsuccessful trader does. Once remove the root of the problem, big fruits will grows continuously.

Unsuccessful trader hunt for success in any field or any walk of life. They are like rainbow chasers. They are filled with anger, envy, jealously, greed, arrogance, self-pity, resentment, destructive ego etc. Very seldom do they take responsibility for their outcome and look inside themselves to discover why they have failed.

They go from one business opportunity to another, never achieving their end result, and are clearly locked into self-destructive habits. They repeat their bad habits, ever chasing their rainbows, fail at just about everything they do. Many traders who fail will blame the market or just about anything but themselves. Believe it or not, this is how history repeats itself in their lives. Be it in relationships, work, friends, family etc.

Many new traders underestimate the importance of preparation for success.That is the main reason they get locked into poverty and mediocrity. When fighting in a battlefield unprepared and unprotected their focus turns from the cause they were fighting for to survival and self preservation.

To survive and win in the forex market you need to know who you really are. You need to understand yourself because the market tends to be self-fulfilling. The law of attractions will always give what you are looking for, whether it be good or bad. http://tinyurl.com/cfvy65

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