Jump to content

We have a brand new contest on TopGoldForum with $30 cash prizes. Enroll now and win

Advertise your business on Top Gold Forum today for as low as $100 per month. Contact us.

Recommended Posts

4 stage of change model

 

It's high time and so again forex traders have looked for opportunities to change their current habits.

 

 The Stages of Change model can be applied to trading habits if traders are no addicts in their trading:

 

1. Denial

 

Where you don’t even know that is denial – a statement that something is not true – the action of denying something - the refusal of something requested or desired.

 

Now you might think that you don’t need any help or interference even though your trading account states oppositely. You are still likely blaming the markets, the broker who managed your account, your computer, or your favorite pet for your losses.

 

If you’ve substantial and regular losses but unable to pinpoint what’s wrong with your trading strategy, then it’s time to get help. With the help of best forex trading signal providers like FT4U, their different signaling services can improve your trading strategy or you may ask questions from other traders.

 

2. Plan

 

Make a suitable plan according to your account personality. You know what you need to Do and you know that you should do it, but there’s one brief period of time when you just can’t seem to jump. That’s what this stage is about.

 

Expert traders know exactly what's their problems are and what they really need to do. But there are obstacles, such as currency, time, and negligence that keep them from making the plan.

 

Think, you want to trade the New York session but can’t wake up quick enough to it. Or maybe you thinking that trend trading would give you more pips but you haven’t study much about it till now.

 

In this stage, you should focus on your Pacific goals into more achievable tasks and focus on actually taking action.

 

 

3. Action

 

Once you decided to take action, your focus should be on acquiring the skill. If you have done forex price action trading course, it will help you for choosing your preferable trade.

 

This will help you actually put a stop loss to your trades, stick to your trading plan, or stay away from the markets when the odds aren’t in your favor.

 

Remember that you must have the required skills and a solid plan. And if your first plans don’t work, make adjustments.

 

4. Maintenance

 

The least and unquestionably the most difficult part of making new habits is being regular with them.

Once you have started realizing your change, your focus shifts to making them habitual. If you’re strong-minded enough, you will turn your new habits into good trading habits.

A lot of traders fail to follow through on their strategy to change because they often fall for right into making them without proper preparation.

 

 

But if you really know your situation, mindset about your purpose, then you will have a better opportunity of not putting the same decision back on your list next year.

 

 

q.PNG

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


Ninjaoutreach - Blogger Outreach Software
  • Popular Contributors

  • Similar Content

    • By Rafiul
      Technical parameters | (20th – 24th )November 2017
      Possible entry point with critical support and resistance level.But when you trade this level make sure that you are using price action confirmation signal.We have prepared these key support and resistance level based on the Fibonacci retracement levels,100&200 SMA, key swings point and chart patterns formed in the higher time frame.Focus on EURJPY technical analysis
      Open a trading account with our affiliate link advertisement and get a free price action trading book or chat 5 hours one to one video trading session with a professional trader.
       
      EURUSD
      Look for buying opportunity near the first critical support
      First critical Resistance: 1.18527
      Second critical Resistance: 1.20888
      First critical Support: 1.16891
      Second Critical Support: 1.15571
      Overall Sentiment: Slightly Bearish

      Save $ 100. Contact us for more details.
    • By Rafiul
      Without planning, none can achieve his goal. The most puzzling part of trading is losing money but when you know the perfect way to trade you don’t have to lose any money consistently. It’s not the normal statistical loss that hurts; entirely it's your fault. These are the result of not giving attention on planning. You need to learn how to prevent them because the key to long-term trading success is defending your risk capital so that you can take advantage of the high-probability trade setups when they arise.
      We should only look at those charts that are analyzing the daily charts at scheduled morning and evening market analysis times. Basically, it’s recommended to spend no more than 20 to 30 minutes two times a day, about 8 to 12 hours apart, looking at the charts. You need to plan for two things:
      1.    If it is found that no trades are popping out in the morning, that means there is nothing obvious setup, there is probably nothing worth risking your money on. You just need the best forex trading signal provider, who will provide signals time to time.
      2.  As you sit there looking at the charts, and when you do it throughout the day or night, the more likely you are to enter a stupid trade and get into the temptation to overtrade. This is how you lose money. If needed, do a price action forex trading course, to gain proper knowledge about it and you will see that your trading result has dramatically improved.
      Get used to not being in a trade, squeeze it, enjoy it, because this is how you preserve your trading capital.Try to master the art of price action trading strategy as it is one of the key ingredients to make the profit on a regular basis. If you are new to this market then seek help from the professional trader’s site.
       

    • By grevard
      Hi! New user here, I want to share this game I discovered afew days ago. Goldentowns
      What is Goldentowns?
      GoldenTowns is an economic, political and military simulator in which virtual gold can be converted into real money or exchanged for real gold. The game relies on a paper published by Mr. Vlad Cristian (CEO ANNO1777 Labs) in 2011, describing a deflationary economic system in which the amount of virtual currency is fixed and 100% covered by real gold. In GoldenTowns there is a limited amount of virtual gold (100.000 GoldenTowns Coins or GTC) which is distributed gradually, at a constant pace, to the players. The entire amount is covered by an increasing amount of real gold, measured in 24k lingots.
      Link: http://goo.gl/oIQSSR
      Payment methods: Neteller, Paypal, Bitcoin
      The game started 3 months ago, so its a great time to begin.
      Greetings
    • By BTOffensiveSecurity
      Keep in mind that this PTC site is in no way a get rich
      quick method and should not be looked at as a sole method to make money
      online. If you want to try out this route, it's best to look at it as a
      side hobby...something you can spend 10 minutes a day doing.
      Another thing to keep in mind is that there is absolutely no
      requirement to invest any money on your part. NeoBux does allow you to
      rent referrals as well as upgrade your account, but you can easily do
      this with your earnings. If you would prefer to invest money in order to
      speed things along, you are able to, but it is totally optional.
      Sign up for an account at NeoBux http://www.neobux.com
      Once you are signed up, you can begin to get paid to click
      on advertisements. Standard membership pays $0.03 per ad and provides
      you with anywhere from 4-6 ads per day. It's not much to start out with
      at all, which is why I recommend you consider it a hobby for now.

      When you have earned enough money, rent some referrals. With
      the Standard Membership, you earn an additional $0.005 for each
      advertisement your referrals view.


      This PTC site allows you to rent referrals starting at $0.21 per
      referral for 30 days. However, do not spend all of your earnings on
      referrals! You will need to keep a little extra in your account in order
      to renew or recycle your referrals if need be. NeoBux allows you the
      ability to recycle your rented referrals should they become inactive and
      aren't earning money. This is a great addition when you consider that
      when direct referrals stop clicking, you stop earning and have no
      control over it.


      Once you have some rented referrals under your belt, active
      the Auto Pay feature. When a referral logs into their account and clicks
      on an ad, their rental history is automatically extended for one day.
      This is a great way to keep active referrals and make it easier for you
      to make money online. In addition, it will save you 10% off of the
      standard monthly referral rate.


      When you log in to view advertisements each day, take a look
      at your referrals to monitor their activity. If any of them are
      inactive, you can easily recycle them for a new referral for $0.08 in
      order to keep your referral activity level up and earn more money
      online. How long you allow a referral to remain inactive is completely
      up to you, but if possible, it is recommended that you do not let them
      go more than 4 days without any activity.



      Continue to repeat these steps. Remember it may take
      some time to earn money online and increase the number of your rented
      referrals.


      When you have earned enough money, upgrade your account to
      Golden (membership costs $90.00). The Standard membership will only
      allow you to rent up to 500 referrals. By upgrading to Golden (or
      higher) you can rent even more referrals and save on rental costs.

      Regiater here: http://www.neobux.com/ For more NeoBux strategies vist this site: http://neobuxcenterx.blogspot.com/
  • Topics

×