You think you have what it takes to be a successful trader?

Whatever the stage of the negotiation game, whatever your strategies, your success will be influenced largely by the beliefs that you hold.

Your beliefs about yourself, about money, market, about what people are thinking ... the list goes on.

Some of your beliefs will be helping your desire to make your trading success. Many of the beliefs that you hold will hinder you not only to trading, but other areas of your life.

You can identify a belief that maybe holding you back?

It may be that you're not smart enough or is too hard to make money as a trader on the stock exchange?

Whatever view you specify, you can change this belief and replace it with new empowering beliefs.

If you hold the belief ' I'm not smart enough "– about how the change to ' I am a very intelligent person. My ability to learn and grow are excellent. I have all the tools you need to get everything done efficiently and effectively»

How to replace the old belief is to send new information into your unconscious mind.

There are many tools and techniques available to help with this and follows a process step 3 in order to achieve this:

Write your new beliefs, 15-25 times a day for two weeks, and reread what you have written several times a day. The writing from the new beliefs is a command to the subconscious. Send simple new information in the subconscious mind. Using iteration and emotional conviction, you can put your subconscious beliefs in news. Behavior and attraction then occur automatically and easily. Write a script of your beliefs and write the words that you can connect to and you can attach to a positive emotions. Always write this thing, and if you have already achieved the results you want as a result of holding this new belief. Cement in new beliefs to your senses by visualizing how your life, you now have this new belief. Close your eyes and picture everything happened exactly as you described in your script. Visualization is the creation of a new idea or belief, where you can paint a new scenario in mind, add all senses the image with color, sound and smell. create a movie in your mind that you can play again and again. Add color and imagine sound, smell, and so forth. As a trader, you may see yourself sitting in front of your computer screen watching your closing market as an extremely profitable trade you just received your merchant account to $ 100,000, see plush around your desk now is successful. What do you smell? Are there any sounds associated with the image. Really get a sense of success.

Our unconscious mind controls us based on our belief systems. Our belief systems created by our thoughts based on our experiences and to make our air conditioning. Do not serve anything and change those who do not have a huge impact on our results.

See these new successful results play in your account. Go NOW and write some new beliefs that you would like to adopt.

Karen Oates is a seasoned options trader and mindset coach who excels at helping traders who understand themselves and the stock market using a simple ' keep ' trading plan and the mind tools of success through mastery of attitude, focus, attitudes, beliefs and strategies.

Karen has been certified as a:
Master NLP practitioner
Master Coach results
Performance Advisor
Specialize in subconscious reprogramming for advanced and Master hypnosis

Discover how you can use the best tools and techniques to become a successful trader you want!
http://www.outofmymindtrading.com/

Article source: http://EzineArticles.com/?expert=Karen_Oates

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Automated Forex Trading on your mobile? Think hard

Access to the Web on mobile phones is available for a long time, but access was rather limited (remember the days when there was no WAP). Some dealers will try browsing through websites mobile-friendly in order to receive a quote, but things were very limited in it (email, on the other hand is relatively recent, but this is a separate story).

The launch of iPhone in 2007 was an important development with Wifi becomes available everywhere. The ability to develop and install custom applications meant that people started downloading all kinds of apps for phones via the App Store.

Major forex brokers and certainly don't miss the opportunity to jump on the bandwagon. All the big guys like eToro, FXCM, ForexYard, etc started to develop their applications.

Most of these apps have the functionality of pull up interactive charts, retrieve live quotes and even trade ... all great-sounding features ...

Well, bear in mind also have limitations. Yes, there are technical limitations, but I am not talking about those.

The biggest advantage is a very major drawback: the fact that he is omnipresent. This means that, especially if you follow automated forex trading systems, you can easily get addicted. Many will follow each tick on the chart with non-stop. This can lead to get too emotionally-engaged with whatever automated forex trading method. And, as we know, the feeling is one of the biggest enemies of profitable transactions. Sometimes it is good to completely disconnect, focus on different issues and look back at locations with a pair of fresh eyes.

If your automated forex trading requires you to be able to connect on the go then try restricting its use. For example, avoid opening new posts when not in front of your computer. Restricted functionalities and research about the mobile device anyway, which increases your chances of making a bad decision. Just use to close positions for example.

Automated forex trading systems rely increasingly on mobile connectivity of traders. Although this may sound good, remember this is likely to increase their emotional involvement with positions himself. Be very cautious, especially if you're relatively inexperienced a trader.

Building a profitable forex trading strategy can be boiled down to two main factors-knowledge and testing. Visit MyForexTradingSuccess.com to take advantage of expert reviews and gain tips about forex trade forex signals and systems.

We have tested hundreds of trading systems and isolated 7 simple factors that distinguish the 1% of forex traders rich and extremely fine by 99% which keep failing. To discover the 7 core secrets to success in forex and profit I am about the "Forex cash Fast free course here.

Article source: http://EzineArticles.com/?expert=Alberto_Pau

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I think as a percentage, not in dollars

A friend of mine recently made an interesting observation: most novice traders prefer to think and speak in dollars and not in proportion to their loss or profits. I think he is right, I've often notices times again how neophytes really struggling to believe in this. Talk about how lost $ 6,000 or $ 7000, but so what? 6000 $ to a million dollar is a changing chop. What is interesting, many so-called trading gurus (but essentially Mountebanks) taking full advantage of this weakness of beginners to think in percent, when trying to sell their consultancy and trading systems.

Here is what you usually hear in some commercial seminar and read some futures trading web site: open account 5 K, begins trading S & P 500 eminis futures ". Yes, indeed, to buy or sell a contract only requires $ 3600 margin or so. Hence 5 K allows freely negotiate a contract. Commission for trading S & P emini is small, literally couple of dollars, so you can both inside and outside of these market several times a day. S & P 500 eminis in a typical day to move point 10–15 up or down. Each moving point is equal to $ 50 dollars. So, I would like to say a hacker: "If you capture only 4 points out of these 15 will be $ 200 per day, and will teach you how.

Precisely because this sales pitch is in dollars is not a percentage people get seduced by this kind of talk: anyone can put an account 5 K, and $ 200 per day is a lot of money for many people, however, this does not appear to be astronomical, does not seem to be "too good to be true". And so people think it means a fishing just four point move out of daily 15 sounds doable.

However, let's put that $ 200 percent in the long term. On behalf of 5000 $ 200 dollars per day: 4% per day or 80% per month or 1155% per year. If you keep making $ 2,000 per month, and if you do not withdraw a month would make enough money to be able to trade 2 contracts simultaneously in 3 months, you have several commercially 4 contracts simultaneously, and so on. In less than one year, your account will be worth 1 million dollars! Again in Parliamentary percent, 80% per month means 1155% per annum on a compound basis.

Now, if you express in percent, look for astronomical. Now that smell like very-good-to-be-true proposal: nobody makes this much profit, not even Warren Buffet! Such percent return means that starting with 5 k can become richer than Bill Gates just a few years!!

Yes, because people do not catch the lie? People hate thinking as a percentage. Avoid thinking a percentage! You smack them with this 1155% p.a. right into account, but will ignore and keep thinking: "$ 200/day is doable and is air-conditioned. Isn't one of those idiots: love-hate dollars rates!!

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What to Think of day Trading robot?

Technical analysis came of age in the fifties when published Continues and stochastic indicators. It was criticized by advocates of fundamental analysis, who claimed that it is better to learn to read balance sheets, just like Warren Buffet do not render a large market share.

Then, with the collapse of Enron and others became apparent that a solid balance sheet wasn't enough and the argument was: "everything you need to know is built into the price."Tomorrow's value-and no one knows for sure what is going to be.

Why on earth would you think an Algorithmic system would be any good at pulling consistent profits from the market; the answer is testing you can place your day trading robot to pastures for some time, until you have transaction logs to show evidence of more random chance in terms of success rate.

If there was a way to turn lead into gold will know about it by now-even financial alchemy is alive and well.

When there is no greed, failure to follow close behind.Another clever dealer easily will try and use a new system to challenge common assumptions.

Markets and will change over time.You may be lucky enough to have been locked into a profitable pattern.As soon as it becomes known and many participants to begin to simulate the distribution of your pattern will disappear! is called arbitrage effects.

The 1990s William Eckhardt and Richard Dennis formed the turtle Trading experiment. the issue was to settle an argument between the two partners to tell if a trader's successful qualification can be reduced by a set of rules, in other words to negotiation be taught; the experiment was successful overwhelmingly with novice traders ends up making $ 100 million; Eckhardt who thought they would not be taught negotiation, had lost the bet with Dennis.

These days Wall Street magnates throw their Pearls to pigs. If you see someone promising a blackbox trading system run away as fast as you can. Only mwropistos idiots who want to be separated from their money will fall for this.

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