Forex Trading Psychology - “Courage” Video

July 28, 2010 by admin · Leave a Comment
Filed under: trader training, trading as a business, trading psychology

I know I wrote about this yesterday, but it is SO vital to good trading that I decided to make a short video about it too.

Courage in trading is a sign of a very real and potentially big problem.

Discover what the danger is and how to address it in this short video.

To watch the 21minute video that covers the whole matter, click here

To see how well you’re doing, take this quiz

When you’re ready to take it to the next level, click here

Cheers

Brian
“The Trading-As-A-Business Coach”

P.S. If you don’t attend to this problem, you are leaving yourself open to a never-ending battle with emotions making your trading difficult. Address it and be free!

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Two Trading “Best Practices” You Can NOT Afford To Neglect

July 15, 2010 by admin · Leave a Comment
Filed under: trader training, trading as a business

Brian here with 2 extremely critical “Best Practices” for traders that you really
must not neglect, or your trading will suffer.

In my Quality Engineering days, we always sought to establish Best Practices wherever possible because it had a measurable effect on the bottom line, plus numerous other aspects of the business.

Now in trading there are Best Practices which will definitely benefit you and if you neglect them, your performance and your results are almost certain to suffer.

The First Best Practice

Highly successful businesses don’t just ‘happen’ by accident or by themselves.

…and you do want a highly successful trading business, right?

I mean you’re not in this for mediocrity or just something to do, are you?

No, you want a trading business that is consistent and most of all RELIABLE.

You want the security of knowing that your trading business can be counted on to provide both right now and for the future.

Again, reliable businesses don’t just happen, but the reason the so many traders never get anywhere, let alone taking it to that level where it IS reliable is this:

- they make the mistake of thinking that if they can just get making some money, then somehow everything will fall into place.

Where things go wrong

So many traders wind up too busy doing the thing of the business to ever take it to that next level, and just stay in kind of that ’scrambling to make money this month’ mode.

This is how businesses that ‘just survive’ get built and the owners usually do NOT enjoy the lifestyle that they want.

They find that they are working more hours than they’d like, and

They are not making nearly as much money as they’d like, and

They do NOT have the security in their business that they want.

The other (and more common) result is that the business struggles and dies, usually in a matter of months, simply because of the resources that get wasted instead of contributing to the bottom line.

So the solution is to implement the first Best Practice: taking time to work “on the business”, not just “in it”.

This is most crucial AT THE VERY BEGINNING of the venture with the most important business asset - your Business Plan.

Once that is in place, then taking time periodically to again work “on the business” and not just in it, is so vital to making it what you really want.

The Second Best Practice

Because you are the decision-maker and center of your trading business, how well you perform has a direct impact on how good your results are, so…

You need to live by the second Best Practice: making the time to take care of yourself - this means several things.

1. Take the time to exercise. Taking a walk or jogging or anything that gets you away from ‘work’ and does your body good will also benefit you in your trading.

2. Take time to detach and get some R & R. It is vital to efficient and effective trading for you to take time completely away from trading. A full 24-hour break, meaning completely stepping away from it, will do you worlds of good.

3. Get enough sleep - how can you expect to trade at your best if you are shorting yourself necessary sleep? You can’t, so make sure you get enough to feel rested.

4. Mind what you eat. Certain foods will agree with you and others might taste good, but don’t serve you well. On trading days, eat what helps you feel good and sharp.

Summing it up - and more…

Your trading is your business and it directly depends on you the trader.

Put these Best Practices into place and make them practices.

Remember to work “on your business”, take care of yourself, and make sure that you have a Business Plan.

For more on Treating Your Trading As a Business,

Click here to watch the video, “Trading As Your Business”

Click here to take the “Trading As Your Business” Quiz and see how you’re doing

Enjoy!

Cheers

Brian
“The Trading Turnaround Coach”

P.S. Neglecting these Best Practices causes many traders to suffer un-necessarily.
Don’t let it happen to you! Watch the video and / or take the quiz and make your trading business the RELIABLE one you want it to be!

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Psychology of Trading - 5 Things That Happen When You Do It

July 8, 2010 by admin · Leave a Comment
Filed under: trader training, trading as a business, trading psychology

What happens when you do it?

There are 5 things in particular, but there are more to be sure.

Here are the Big 5:

Well when you treat your trading as the business that it is,

1. Your stress level goes way down, because you’ve taken most of the ‘chance’ out of equation regarding your ultimate success

2. You sleep better knowing that your not ’subject to’ the whims of the market - because you’ve taken control of your trading

3. Your free time becomes more relaxing and you find that you have more of it, because you are more structured, organized and efficient during your trading hours

4. During your trading, you find it so much easier to stick to your system, because you’ve properly analyzed it and know what to realistically expect from it

5. You feel good about the future because you know that you’re taking a calculated and business-like approach to your trading

There are many more benefits to treating your trading as a business.

So how well are you doing in treating your trading as a business?

Find out right now!

Click here to take the Quiz

Cheers

Brian
“The Trading Turnaround Coach”

P.S. The quiz is anonymous and there’s no sign up or cost.

If you DON’T take it, then you may be missing out on those 1 or 2 items that could make that difference that you’ve been looking for.

Click here to take the Quiz

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Trading As A Business - Tangible and Measurable Results

July 2, 2010 by admin · Leave a Comment
Filed under: trader training, trading as a business, trading psychology

It’s unanimous!

100% of the answers that have come in agree:

EVERYONE believes that the wisdom “Treat Your Trading As A Business” has tangible and measureable benefits.

And of course, it only makes sense because it means much more than just being serious about making a profit. It is about taking a calculated and knowing approach to the whole endeavor.

It’s about doing those things that MAKE IT a real business, and more importantly a measureably consistent and reliable business.

But how well are YOU doing when it comes to treating YOUR trading as a business?

Are you doing the things that you should be doing, or are you missing some of the specific matters that mean the difference between continued disappointment and success?

Find out right now!

Click here to take the Quiz

Cheers

Brian
“The Trading Turnaround Coach”

P.S. The quiz is anonymous and there’s no sign up or cost. If you DON’T take it, then you may be missing out on those 1 or 2 items that could make that difference that you’ve been looking for.

Click here to take the Quiz

Free Trader Training - “Independence Through Trading” Quiz

June 30, 2010 by admin · Leave a Comment
Filed under: trader training, trading as a business

This weekend the United States celebrates over 200 years of Independence which is pretty cool.

As a matter of fact the #1 reason that people choose to trade in the first place is for Independence, the personal and financial freedom to live life on your own terms.

To help you determine how you’re coming along,

Click here to take the Trading Independence Quiz

Cheers

Brian
“The Trading Turnaround Coach”

P.S. The quiz is anonymous and there’s no sign up or cost. If you DON’T take it, then you may miss out on something that would make your life easier right now.