Ganjaran Bonus Forex Yang Terbesar Tidak Pernah Ditawarkan Sebelum ini ... BONUS TANPA SEBARANG DEPOSIT SEBANYAK $1500 DARI INSTAFOREX !!


Go Back   CariGold Forum > MAKE MONEY DISCUSSION > Forex > Forex Articles

Forex Articles All articles relating to forex trading are discussed here. Some of them may useful as a guidance for your trading, while some of them have some other objectives to take for granted.

Recommended Brokers

Forex Chart
Crypto Chart
CG Sponsors



Reply
 
Thread Tools
  #1  
Old 22-02-2018, 06:36 AM
painofhell painofhell is offline
Active Plus

painofhell's Avatar
 
Trader Rating: (0)
Join Date: Aug 2014
Posts: 2,851
Thanks (Received): 26
Likes (Received): 23
Active Level
Default The Importance of Visualizing Forex Trading Losses

I know what you must be thinking Ė with a title like that, he must mean visualizing trading profits, not losses. After all weíre supposed to visualize what we want to happen in life, not what we donít want to happen.

But I assure you the title is correct. As you may well know, there are many things when it comes to trading Forex that do not fit neatly into the confines of what is considered ďnormalĒ behavior to achieve success; how you respond to losses is certainly one of them.

Unlike most endeavors in life where you can stay on the offensive and see great results, becoming a successful Forex trader requires the opposite. Finding consistent profits as a trader is all about staying on the defensive.

This idea alone goes against human nature. Weíre told throughout life that the more we visualize success the greater our chances of success become. And while visualizing yourself as a success can be beneficial, ignoring the visualization process for trading losses is always disastrous.

As Iíve always said, your best offense is a good defense when trading Forex. One way to achieve a defensive mindset is to always visualize the potential loss before putting on a trade.


Worst Case Scenario

Visualizing a potential loss isnít about seeing what you want to have happen. Obviously every trader wants to be profitable one hundred percent of the time but of course we all know that simply isnít possible, and thatís where visualization can help.

In any situation where there is risk involved, knowing the absolute worst case scenario is always beneficial. But telling yourself that you are going to risk $100 is different from visualizing a $100 loss.

The latter involves actually picturing what your account will look like after the loss. More than that, think about the pain you will feel when you lose that $100. It isnít a comfortable thing to do but I assure you that it is much more comfortable to think about it before it happens than to get blindsided by a loss you didnít see coming.

By visualizing the worst case scenario you effectively neutralize the pain that would otherwise be inflicted upon losing that $100.


No Surprises

No surprises when trading ForexAs human beings the number one trigger for an emotional response is being surprised by something, be it good or bad. Of course in the case of a trading loss weíre dealing with a negative event.

Hereís an example to illustrate this idea. Itís your birthday and fifty of your closest friends and family have organized a surprise birthday party for you. Youíre completely clueless to the event.

In typical fashion, you walk into the room and everyone yells, ďsurprise!Ē Needless to say you will be surprised and perhaps even startled at first.

Why? Because you werenít expecting it. A surprise birthday party was so far beyond anything you had anticipated that you were completely caught off guard, which is what triggered the emotional response.

But what if you had expected the party? What if you had been tipped off to the event and had therefore visualized what it would be like?

Itís safe to say that your emotional response in this case would be far less extreme because you had already thought about the party Ė your mind would have been prepared to handle it.

The same logic applies to trading losses. If you donít visualize a potential loss it will inevitably surprise you when it occurs, and not in the way that a surprise birthday party does.

The number one rule for any trader is to always have a plan, win or lose. By having a plan you never have to worry about being surprised by what the market does on any given day, and that gives you the upper hand.


That Feeling of Dťjŗ Vu


The combination of traits required to become a successful Forex trader is different than the combination required for just about any other endeavor in life. Although it is beneficial to visualize yourself as a success, you also have to stay on the defensive by visualizing negative events such as losses.

You have to learn to put your mind ahead of the loss. That way when you do lose (losses are a matter of when not if) you will feel as though you have already experienced it thus making it much easier to control any emotions that are triggered because of the loss.

Be sure not to get this confused with the visualizations you do to envision success. Visualizing a potential loss will not increase the likelihood of that loss becoming a reality. It will, however, help you manage any negative emotions that begin to surface as the result of a trading loss.


Final Words

Most Forex traders donít blow up an account on a single losing trade. Most traders who blow up an account did so due to their inability to control their emotions after the single losing trade which caused the trader to spiral out of control.

Every Forex trader experiences losses including myself. What differentiates the consistently profitable trader from those who struggle is not the losses taken but rather how he or she manages those losses after the fact. And the best way to do that is to prepare your mind for the event before it even happens.

Losses donít have to be viewed as something bad or negative. They can be one of the most constructive forms of learning as a Forex trader but only once youíre able to control your emotional response.
__________________
Reply With Quote
Paid Advertisement
  #2  
Old 11-03-2018, 06:59 AM
jolli jolli is offline
Newbie

jolli's Avatar
 
Trader Rating: (0)
Join Date: Oct 2016
Posts: 45
Thanks (Received): 0
Likes (Received): 0
Active Level
Default

It is not exactly about visualizing losses, it is about being prepared for the losses. It is like when you are learning to drive, in all likelihood, you would end up damaging the car little bit here and there. So, that should not scare you. Is it possible to think of the losses as investment? And the time of learning as gestation period, like in case of setting up a factory etc?
Reply With Quote
Sponsored Links
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

AMP
Forum Jump