One of the toughest challenges in negotiation "listening" of the market. Regularly we are convinced almost reckless foretell instead of the hearing. Or, we suspect that we already know what will happen, so that we can simply jump to or natural wing.
Listening, really listening to the heart of the market, with full that is a talent and one of the most critical and challenging things that we will master.
The following ten "rules" can be useful.
To interrupt the conversation! It is difficult to hear and to speak simultaneously very stop internal gossip. The target task in the hands of negotiation. You give time. Grant yourself permissions to allow the market floor. How does look, there is an apparent bias, a trend already in the game. Let the market come. Communication with the market to your charts. Look. Nod when may agree, Speak aloud and comment.I hear your charts ... They chat with you. Remove deflections. Good listening means that they are ready to switch off the TV, closing a door or stop reading your e-mail. Give your full attention on your traded. Hook the Market Makers. Especially if the establishment of a market moving game, or something that you disagree with, take a minute to stand in the shoes, in order to examine the situation from the point of view. Wait.Some animations take more time to get Groove or display direction. Give the time of purchase to obtain it before you jump in. Study your feelings. If the market is "exclaiming" creates an emotional reaction to you, we are very careful. When we are angry, frightened or upset, Miss often urgent parts of what is displayed. Does not consider or foretell.Regardless of whether you have an animation that goes against you, respect of the market. If you interpret a bad trade, such as a private attack, regardless of whether changes to your favor, you could be building extremely unacceptable habits! Caution.If uncertain stay out. An animation must be obvious to you and your methodology.If you find yourself in the hope, leave! STOP talking!This is both the 1st and the endpoint, because all other guidelines which depend on this nature gave us 2 ears and only one-and-mouth disease, which is a lightweight suggestion that we should "listen" (clock) 2 x as much as our "news" (Act).
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This article has been viewed 29 time (s).Article submitted on: September 29, 2010
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