Part of Omicron Forex training and the Omicron Forex Trading Manual is the subject of
Trading Psychology. This emphasises the need to have a stable, realistic and
positive mental attitude in your Forex activities.
One of the
most important concepts to understand in this context is to know that you can
only take out of the market what the market will make available. This can best
be illustrated by imagining an extreme case, that of where there is no activity
at all - price remains the same at all times and the charts show a straight, horizontal
line. If such a thing were to happen there would be no opportunity to make
profits, period.
It is also reasonable
to suggest that there are situations where the price action, although not
completely stopped, is very low. So low, in fact, that trading opportunities
are of such poor quality that they might as well not exist. Because in addition
to making small moves, such low volatility also makes the market direction unreliable.
When these
conditions are present, there is nothing, but nothing, that the individual
trader can do to change them. All he or she can do is wait.
So it is a
big mistake to beat yourself up for finding trading difficult on a low
volatility day, which often, but by no means always, turns out to be a Monday.
What you
must do is train yourself to be able to see such days for what they are: part
and parcel of the trading environment, just like losses from time to time.
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