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Old 03-04-2011, 11:39 PM   Nav to Top  #1
asiaforexmentor
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Arrow Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor

Trading Psychology – Conquering Your Emotions

A lot of traders can actually feel their emotions in place when they place their trades. And seeing their trades taking place.

Emotions include:
- Heart Thumping (Beating faster)
- Sense of Anxiety
- Nervousness
- Excitement
- Irrational Behavior
- Frustration
- Desperation
- Hatred & Revenge mindset
- Devastated
- Always feel that the market is going against you
- Etc,

If you feel any of the above in trading, it is normal. The market is set for you to feel this way.

Which is why to be a successful trader, 80% is about conquering and mastering trading psychology.

And some of the reasons that you could be feeling any of the emotions above include:
- You are trading way beyond your risk level (Trading too high an amount of your capital)
- You have not calculated your proper risk size before entering
- You entered based on Gut feel
- You fully expect and anticipate that the market will go your way according to your previous experience or something which you had learnt – but it Didn’t..
- You are trading on a money that you desperately need. (Eg. borrowed money, food money, life saving money etc..)
- Etc.

If you have experienced the above, stop trading for the moment.

Remedy:
- Go get a shower and analyze what had gone wrong
- Go for a stroll in the park, beach etc..
- Self Reflection
- Meditation, calming exercise

Ask yourself, are you trading the right way?
Are you actually trading or gambling?
Do you have a proper trading system?
Did you entered on proper setups (eg. price action) or you entered based on your gut feel?

Trading is about self analyzing, discipline, self control, and sticking to your trading system.

It may sound tough at first, but once you start practicing the stuffs here for 20 days. It will then become part of you and you are no longer putting any conscious effort in applying the above.

Start with learning and trading with a proper system today.
Learn the full system at Asia Forex Mentor Price Action Forex Trading System

To an awesome trading as always,
Ezekiel Chew
__________________
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE! www.asiaforexmentor.com
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Old 08-10-2011, 10:32 PM   Nav to Top  #2
asiaforexmentor
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Default Free Daily Price Action Forex Trading Strategies & System

Forex vs Stocks: Why should you not trade stock?

FOREX VS STOCKS

Last week we saw a massive drop in the stock market. Dow jones drop by almost 500 points.
It was the latest biggest drop in a single day after the lehman brothers episode.
Many of my friends who were trading stocks were caught out unaware resulting in a massive dip in their portfolio.
Some of them who knew that i am a forex investor asked me if i was affected.
The answer is and always will be: No.
Forex vs Stocks: Why should you not trade stock?

That’s one of the reasons on why i choose forex over stocks.
Forex vs Stocks Reason No.1
-> Forex traders are not affected by massive news affecting the economy.
- At most, we only lose the single trade that we are in when the news happened. Which is only a small percentage of our capital (with the right money management skill)
Forex vs Stocks Reason No.2
-> Generally there is no leveraging for stock traders. (not including margin traders – which is very risky)
- The rich gets rich with leveraging and compounding.
- Whats the point of investing if there is no leveraging.
- Therefore, stocks will probably not make you very rich.
Forex vs Stocks Reason No.3
-> Forex is a 24 hr market. We forex traders usually enter a trade and are out either in the same day or 2. (depending on which time frame you trade)
- Generally, if you hold a stock. It is at least for a few months.
Forex vs Stocks Reason No.4
-> There is no shorting in the stock market. (Not including options)
- Meaning you can only buy it up/long.
And if you notice, the market usually goes up a little with a good news, but drops massively with a bad news.
Forex vs Stocks Reason No.5
-> There is no commission in the forex / currency market.
- The commission may not seem a lot for a single trade, but if you are a full time trader or one who trades a lot. This commission expense will accumulate to a relatively significant figure.
Forex vs Stocks Reason No.6
-> Instant buy/sell in the forex market.
- As the trading volume is so large in the forex market, we do not have to wait for a buyer to take up the lots we are selling (like the stock market).
- Eg. when the stock market is massively falling, you can’t sell even if you want to as there is no buyers who will buy your lot.
Forex vs Stocks: Why should you not trade stock?

The list can go on and on..
But the point i want to make is:
The reason that we invest is to make big money.
Forex vs Stocks at the end of the day are just investment vehicles.
So why choose a investment vehicle that will probably not make you very rich? and yet heavily affected by the news in the economy?
Just my 2 cents. I may be wrong.
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
__________________
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE! www.asiaforexmentor.com
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Old 08-15-2011, 06:50 AM   Nav to Top  #3
asiaforexmentor
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Thread Starter
Default Update Free Daily Price Action Forex Trading Strategies & System

Forex vs Stocks: Why should you not trade stock?

FOREX VS STOCKS

Last week we saw a massive drop in the stock market. Dow jones drop by almost 500 points.
It was the latest biggest drop in a single day after the lehman brothers episode.
Many of my friends who were trading stocks were caught out unaware resulting in a massive dip in their portfolio.
Some of them who knew that i am a forex investor asked me if i was affected.
The answer is and always will be: No.
Forex vs Stocks: Why should you not trade stock?

That’s one of the reasons on why i choose forex over stocks.
Forex vs Stocks Reason No.1
-> Forex traders are not affected by massive news affecting the economy.
- At most, we only lose the single trade that we are in when the news happened. Which is only a small percentage of our capital (with the right money management skill)
Forex vs Stocks Reason No.2
-> Generally there is no leveraging for stock traders. (not including margin traders – which is very risky)
- The rich gets rich with leveraging and compounding.
- Whats the point of investing if there is no leveraging.
- Therefore, stocks will probably not make you very rich.
Forex vs Stocks Reason No.3
-> Forex is a 24 hr market. We forex traders usually enter a trade and are out either in the same day or 2. (depending on which time frame you trade)
- Generally, if you hold a stock. It is at least for a few months.
Forex vs Stocks Reason No.4
-> There is no shorting in the stock market. (Not including options)
- Meaning you can only buy it up/long.
And if you notice, the market usually goes up a little with a good news, but drops massively with a bad news.
Forex vs Stocks Reason No.5
-> There is no commission in the forex / currency market.
- The commission may not seem a lot for a single trade, but if you are a full time trader or one who trades a lot. This commission expense will accumulate to a relatively significant figure.
Forex vs Stocks Reason No.6
-> Instant buy/sell in the forex market.
- As the trading volume is so large in the forex market, we do not have to wait for a buyer to take up the lots we are selling (like the stock market).
- Eg. when the stock market is massively falling, you can’t sell even if you want to as there is no buyers who will buy your lot.
Forex vs Stocks: Why should you not trade stock?

The list can go on and on..
But the point i want to make is:
The reason that we invest is to make big money.
Forex vs Stocks at the end of the day are just investment vehicles.
So why choose a investment vehicle that will probably not make you very rich? and yet heavily affected by the news in the economy?
Just my 2 cents. I may be wrong.
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
__________________
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE! www.asiaforexmentor.com
asiaforexmentor is offline   Rate this post Yes | No Reply With Quote
Old 08-17-2011, 11:17 PM   Nav to Top  #4
asiaforexmentor
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Default Update Free Daily Price Action Forex Trading Strategies & System

Forex Robot – Do they work?


There are many questions about forex robot and whether do they work?
What are FOREX ROBOT?
Forex robot in fact is the automated way people choose to trade forex with.
But the question is whether do they work?
If you go research around for real forex robot reviews. You will find that most doesn’t work. Or at least over 90% of them do not work.
WHY?
Think about it, if forex robot do work. Why do banks and major institutions still need chief forex traders and forex traders?
They have all the money to develop the best forex robot, why do they still need human to trade for them?
Forex Robot – Do they work?

Then the next question would be, But those forex robot have a perfect 10 year track record.
So they should work right…
Wrong.
Here’s the fact – track records can be manipulated.
And past performance are always not an indicator for future performance.
Forex robot are develop by – DEVELOPERS.
Usually NOT Real forex traders themselves.
If the forex robot would make them so much money and have such a perfect track record.
How much do you think it is worth? At least for Millions of dollars?
But how much are those forex robot selling in the market. Less than a hundred bucks. Feasible?
Forex Robot – Do they work?

The hype in the forex market for automated forex trading WILL be always there.
Because people are always looking for ways to earn money on autopilot with just a click of the button.
Therefore there will always be new forex robot coming out every other day.
If you want to make forex trading your career, take some time and diligence to learn to trade forex.
Your future should not be relied on some automated forex robot, it will not work forever.
But once you have mastered forex trading as a skill, it will be with you for life.
And you can pass this skill on to your future generations.
Disclaimer: I’m not saying that ALL forex robot does not work, the above is just my opinion and i will not be held liable or responsible for it.
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
__________________
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE! www.asiaforexmentor.com
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Old 08-31-2011, 10:58 PM   Nav to Top  #5
asiaforexmentor
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Thread Starter
Default Free Daily Price Action Forex Trading Strategies & System

Forex Hours – What are the Best Forex Trading Hours?

FOREX HOURS

This is one critical question that bugs most new traders.
Forex Hours: What are the Best Forex Trading Hours?
When you read several other sites, they speak of trading when the market is open etc.
So when the new york market is open, the usd pairs are more volatile.
This is not wrong. And it is indeed the fact that when a market is open, that certain pair will be more volatile.
Forex Hours – What are the Best Forex Trading Hours?

BUT!
Here’s the thing.
You do NOT need to wait for the market to open to trade that pair.
If you ask me, i do not even care to know what time the market opens or closes.
As mentioned, we as professional forex traders are like lions. Waiting patiently for a setup to occur before we pounce on it and kill it.
So if you have a day job. You probably can’t be staring at the screen for long hours.
WHICH IS GOOD!
Staring at the screen for long forex hours, WILL NOT help you enhance your forex trading or grow your account.
Instead, you will fall into the SEA OF EMOTION and find yourself struggling to stay alive.
Forex Hours – What are the Best Forex Trading Hours?

If you have a day job, just trade the daily time frame.
So check your broker’s time that the daily time frame bar closes every day.
And just spend that 10 mins of time analyzing the daily time frame.
Forex hours: SO JUST 10 mins a day is good enough.
If there is a price action trade setup, enter it.
If there isn’t. Close the screen and go forth your daily job. Come back again the next day and repeat the steps.
By just implementing this method, you will find yourself emotionally unattached and you have plenty of time to do your other stuffs.
But that does not mean you are not making good money.
There are FULL TIME PROFESSIONAL FOREX Traders who trade the daily time frame alone. (read this again)
Yea.
Forex Hours – What are the Best Forex Trading Hours?

Forex Hours
And if you are like me, who has a little more time to trade.
You can look at the 1hr time frame and the 4hr time frame.
Practically meaning, i only look at the charts every 1hr or 4hr, depending on my schedule.
So if there is a setup on the 1hr time frame, i enter on it.
But if there is no setup, i will go ahead with my other stuffs.
And then repeat the steps again.
So back to the question on Forex Hours: What are the Best Forex Trading Hours?
I hope you got an answer.
Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
__________________
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE! www.asiaforexmentor.com
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