The Most Important Lesson I Have Learned About Forex Trading
I am currently half-way through “Trading in the Zone” authored by Mark Douglas and have decided (as a newbie) that this is the most important book on Forex trading I will read in a long time.
“Trading in the Zone” was recommended by my Knowledge to Action Forex coach as a must read.
I have to say that I am bloody glad I brought the book ASAP.
The book is not about trading strategies or reading signals – its all about teaching you what the right mindset is for trading and how to work on yourself to achieve this mindset.
If you have the wrong mindset going into trading especially Forex trading you will surely lose. Now you may say “Yeah I know this – have a positive mind and all that”.
Well thats not right. Having the right mindset is about not going into the market thinking its anything but a stream of data that neither cares who you are, what strategies you use or if you have great Karma because you help old ladies across the road.
It seems that some people think that the market is there to grant them all their wildest dreams if they play the game right. “Trading in the Zone” basically told me that this is a surefire way to fail.
I am only halfway through the book so once finished I will write a full review but so far the most important lesson I have learned is that the Forex market owes you nothing and never think it can be controlled, worked out or that it either hates or loves you. Its just a stream of data and there are opportunities everywhere as long as you go in with the right mindset.
The book provides a heap more information especially how the top traders consistency trade better and better.
I recommend you buy “Trading in the Zone” if you are thinking about trading or even if you have been trading for years.
