The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading

With The Forex Mindset, you get up close and personal with greed and fear, the two leading forces in the market. Everyone gets in for greed, but without a healthy understanding of fear, you may be in for one of the worst journeys of your life. This performance-oriented guidebook features a potent synthesis of psychology and strategy that will exponentially increase your ability to acquire wealth as a trader.

Introduction:

Forex is an acronym for Foreign Exchange, which is also known as the cash market or spot interbank market. In the market, which was established in 1971, people exchange one country’s currency for another country’s currency. The spot market means trading right on the spot at whatever the price is at the moment of the transaction. The Forex market is the arena where the currencies of countries are exchanged for another to do business internationally. Payments for import and export purchases and sales of goods or services between countries all flow through the foreign exchange market.

The Forex market is considered the largest financial market in the world. More than 3.5 trillion dollars is traded on the Forex per day. Three hundred billion dollars a day is traded on the U.S. Treasury bond market, and 100 billion dollars is traded on the U.S. stock market every day it is open, totaling 400 billion dollars per day. The Forex trades over eight times that volume and equals more than all the combined world financial markets.

The Forex marketplace has no physical location; it is an electronic medium where transactions are placed automatically through the Internet, squawk boxes, or via telephone. Approximately 4,500 world banks and retail brokers all watch the current prices constantly change and execute transactions for clients. Small individual traders wanting to capture profit by speculating on price changes gain access to the market through a Forex broker. Traders receive their financial reward in a measurement called pips (price interest points), normally expressed in decimals, which are then converted into dollars.

Trading on the Forex is considered the ultimate financial as well as mind game for traders, mainly due to the incredible instant financial rewards as well as losses.

Contents:

• GET EXCITED ABOUT TRADING
• FINDING A MENTOR IN TRADING AND IN LIFE
• GREED AND FEAR CONTROL THE MARKET
• ACHIEVING EXCELLENCE AT TRADING
• UNDERSTANDING HOW YOUR HEAD AND HEART WORK
• THE IMPORTANCE OF EMOTIONAL INTELLIGENCE
• THE IMPORTANCE OF CHANGE
• CREATING A PERSONAL AND TRADER’S CONSTITUTION
• DEALING WITH FRUSTRATION AS YOU TRADE
• DEALING WITH ANGER AS YOU TRADE
• ALTER YOUR ATTITUDE, ALTER YOUR TRADING RESULTS
• LEARNING PATIENCE AND SELFCONTROL TO AVOID TEMPTATION
• LISTENING WITH HUMILITY
• LEARN TO TRADE WITH CONFIDENCE
• PROTECT YOURSELF AT ALL TIMES

The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading By Jared Martinez pdf