Page 37 - NEW FOREX FULL COURSE

FOREX TRADING COURSE FOR BEGINNERS

candlestick analysis. This coming weekend, October 4 and 5, you have the opportunity of gaining
extensive insights into the movements of investment prices. It is not based upon "secret" trading
methods that are just now being revealed. You will learn the simple common sense techniques
that the Japanese rice traders proved to be extremely profitable over the past four centuries.

Take time to learn what the most proven trading method has to reveal. Whether you are a day
trader, swing trader, or long-term investor, candlestick analysis allows you to understand where
the high probability profitable investment situations are developing. This is not rocket science.
These methods were developed by simple rice traders. The result was that the simple rice traders
became legendarily wealthy. Investor sentiment has not changed over the past four centuries
and will not change over the next four centuries. The human mind works with reoccurring habits.
Fear creates panic. Greed creates exuberance. When you can identify those factors with simple
graphics signals, you now control your own investment destiny. Join us this weekend. It's well
worth your while.

A WINNING ATTITUDE

Everyone wants to be a winner; at least, they think so. Unfortunately, most are not willing to
perform the tasks necessary to become a consistent winner. Winners generally achieve success
by being focused on a goal. Being focused allows winners to remain committed to the tasks at
hand. Most winners perform a lot of hard work; including a willingness to deal with sometimes
mundane duties. Most of all, winners perform with an "I am responsible for both my failures and
successes" attitude.

So, where does the would-be trader start to become a success? By focusing on the tasks at hand.
Most of all, treat trading as a business. And, as in any business, money management is critical.

Money management, next to trend, is probably the aspect of trading most overlooked by smaller
investors. Man, by nature, is an optimistic creature and the amateur trader often acts
instinctively. Unfortunately, this instinct or optimism is often the undoing of the smaller trader.
When a person enters a trade, he does so with the hope it will be a winner. When the position
goes against him, he keeps thinking (or hoping) "it will come back." He knows he should have a
stop in place, but hope keeps telling him to stay just a little longer since everybody knows "you
always get stopped out the day the market turns." Eventually, hope turns into frustration,
desperation and, finally, panic, prompting the trader to issue a GMO (get me out) order.
If the trader hasn't learned his lesson by this point, he develops the "I have to get it back"
syndrome. He generally rushes into another poorly planned trade, throwing good money after
bad.

Winners show several different characteristics. They enter the market knowing they can be
wrong and, in fact, are wrong as often as they are right. They have learned markets don't run on
hope. They understand markets tell them when they are right or wrong. When a trade is losing
money and getting worse, the market is telling them to get out. A bad trade is like a dead fish:
The longer you keep it, the worse it smells.

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