• Journal

    Review of my Profitable trading week (working just 2 days)

    This week enjoyed a profitable trading. Made a lot of tweak recently in my psychology and approach.  How did i have a profitable trading? I will explain you exactly that. Read on … Started this week on Monday with fear in mind. Not sure why i was little bit scared to take trades. However, i was determined to follow my process rather than the outcome and i did exactly that.  On Monday I was down -28 pips at one time but came out of hole with +28 pips.  Big drop on stock market this week, especially DOW jones. So i was expecting a large move on forex market but that…

  • Journal

    Ended positive three weeks in a row in Forex

    What a last three weeks in forex market ! Really has been amazing so far. I never had consecutive winning in a row like this. I’m now looking into potential of ending this month with some profit in the bank. It’s been a while since i had a positive month. Now here is the thing, in the past once i had a winning week i would think THATS IT , i nailed it. I’m a pro forex trader now. I would start dreaming about my future. I would check out the new BMW or Benz on web etc. But the next thing i know the market would crush me the…

  • Journal

    The problem is in my mind : psychology

    I cannot stress enough how important it is to have positive psychology when it comes to training. Mindset is everything. I figured i’m lacking in this department. My strategy is a winner. My risk management is top notch. I’m not over trading then what is the problem? why i’m not consistently profiting yet ? After reading the book “trading in the zone”, i have found many answers. While reading the book i thought as if it was my story. Now i’m working on fixing my mindset problems. Simple action as walking out if it is not syncing on particular days were so hard for me. For example, if i’m approaching…

  • Journal

    Scared money never wins

    If you cannot afford to lose the money you are investing, i can guarantee that you will never success in Forex. Scared money never wins. You will be always thinking about money. If you are planning to invest with your retired money or your daddy’s money, take my advice and come out NOW.  As i have mentioned in my previous post, i have been working a lot with psychology. I have finally come to realize, my problem is in mindset. Nowhere else. I have a winning strategy. Execution of my plan is almost perfect. Everything looks ok on paper but why I’m still not consistently profiting ? Only reason that…

  • Journal

    Registered a losing week both financial and psychological

    Pretty disappointing start to the month. I have had a losing week once again. Granted the market is very slow but I have done some severe mistakes. I do have a cutoff period of -50 pips and i should slow down when i hover around that mark. But this time i was on a rush for some reason so i kept on placing trades only to lose. July 5th , 2017 was really sad day for me. I lost a mammoth 100 pips. I didn’t follow my own criteria. I was taking trades on believe not what i was seeing in the market. One important lesson that i really need…