Working your way towards a Trading Mindset

Toni Turner from Trading Views talks about strengthening your mind – to help with your trading.

We know that powerful human emotions, greed and fear, rule the financial markets.

As traders, we must learn to play off of the emotions of others, while commanding or mastering our own. In other words, you trade with a psychological edge. Sounds like an easy thing to do... right? I promise you, it isn't.

Since feelings, or emotions, are imbedded in humans to protect us from harm, and since they often direct us to act in a micro-second, you can understand why controlling our emotions can be extremely difficult-especially when we're acting under the stress of a volatile market environment.

Toni Turner expands upon empowering psychological tools to add to your trading skill set.

Her first advice is to stop believing in any pre-conceived ideas about the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market. Rather, believe it when it actually happens. “Seeing is believing” definitely true in trading. How many times have you seen new traders saying they’re “gonna try scalping”?

This gives the impression that scalping is actually easy. This couldn’t be further from the truth. It’s actually the most difficult thing to do, scalp profitably, consistently.

Her other advice is being able to stay focused, no matter what happens to your trade. Or even if you missed a great trade/setup, one shouldn’t feel regret.

Actually, Toni goes into much deeper detail. See what she has to say over here…