Losers Anonymous on forex

Could this time talk of a strategy based on technical analysis, and tell you what I usually say in these cases, which I've used with an X percentage of correct, that their relationship loss / gain is X, which serves to intraday trading or scalping, which previously put to the test on a demo account and so on.

But the truth, my friend, is that the internet is full of forex strategies, the most varied, you can find them in different blogs, some are free, others will sell them more expensive or cheaper, but in all cases, you promise that "strategy" in question is almost a panacea, the holy grail, and if you learn it well and master it, open your path to success started in forex. Hehe, let me laugh.

There is bad strategy nor foolproof strategy. The forex market is a changing market, even the best technical analysis can fail at any time and take you to the most complete and devastating frustration.

In future posts, maybe go showing you some other strategy to enrich your store of tools like currency trader, although it would certainly be better to learn the basics of technical analysis and patterns, and be able to develop your own trading strategy. The less intrusive and pundits exist between the forex market and you, the greater your ability to succeed in this profession.

Then what you want to talk now? In trading psychology.

It is shown that the psychological training of a currency trader is by far more important than the best domain that can be of technical analysis. Your knowledge of technical analysis are essential, but it will not benefit you acquire adequate psychological preparation. The highest percentage of failures in forex trading is not due to a lack of technical training, but rather to a lack of psychological preparation.
There are many texts that speak of advice on trading psychology and money management, and everyone tries summarized in titles like "25 tips to keep in forex" or "The 10 steps to be a successful trader" and the like . And when you read say, "Ok, yes, but now what?" No deep enough into the subject, and in the end you're like the first, with a sense of fear and helplessness that make very bad company when it comes to face the forex market.

From everything I've read, there is definitely an author undisputed by value and experience, an author whose texts are definitely sheds light on the myths and truths about our attitude to forex, and crumbling to end the reasons why we lose in forex , and how to solve these problems.

I'm talking about Alexander Elder, and his masterpiece: Life of trading. This book of 337 pages until recently existed only in English, but now it has been translated into Spanish.

Alexander Elder is a physician born in Leningrad, specializing in psychology, he got political asylum in the U.S. for many years, and in 1988 founded Financial Trading Seminars Inc., a company dedicated exclusively to the training of operators and currency exchange.

We live today more than ever in a society that pushes us to the immediacy with brokers commercials that bombard us with amazing gains with robots strategies and success we promise ever dreamed.

And just as your true success depends in part operator not get carried away by all that tide indiscriminately, you cultivate your patience and delve into learning before attempting to embark on actual trading where you'll probably lose your entire investment for having precipitated.

You can purchase a copy of Living Alexander Elder's Trading clicking on the picture of the book and pay for a book that will teach you everything you need to know about trading psychology.

But also I offer the opportunity to acquire such works at zero cost is free. To do this you just have to send me a message via the Contact tab top horizontal menu of this blog, writing on the subject "Alexander Elder", and I will answer explaining you how you can get your free copy.

These are the first lines of Living Alexander Elder Trading:
You can be free. You can live anywhere in the world. You can break free from the routine and not having to answer to anyone. This is the life of a successful trader.
Many are those who aspire to it, but few ever achieve. A fond look at a screen with quotes and see sizzling million before him. The money is at your fingertips, but plays and loses. He tries again, and still lose more. Traders lose because the game is difficult, because of ignorance or lack of discipline. If you have any of these ills afflicting, this book has been written for you.
I titled this post "Losers Anonymous in forex", because in one part of the book is a brilliant analysis of the tactics used by Alcoholics Anonymous and how this same tactic can and should be used by currency traders.

Elder Alexander introduces us to a kind of autobiography where he tells us as he began his first attempts to trade on the stock exchange in 1976, and how well it all went through that phase and loss endless frustrations we all know, despite being a successful professional career as a doctor and psychologist.

Through more than 330 pages and by a description enjoyable going putting your finger in the wound deepening in all taboos, myths and errors usually incurred when trading in forex, and teaches us well reasoned and psychological tactics He was substantiated implementing and refined over the years.

One of the first steps is to recognize you as a loser, and assume that you have a problem you're not going to solve jumping strategy strategy while have not completely solved your psychological skills to operate successfully.

So if you're able to take this first step, but I have to say: "Welcome to the anonymous losers". This book has been helpful to thousands of traders and forex market in the United States for years, now you can and should make to him, either by purchasing or sending me a message to tell you how to get your free copy.

Regards and good trading!