Personal Mini Forex Trading Rules

Provided By Ultimate Trading Systems

There Are Mini Forex Trading Rules That Can Increase Your Chances Of Stock Market Success

To operate effectively in any mini forex trading environment, you need rules and boundaries to guide your behaviour. No matter what mini forex trading “system” you’ve developed, the potential exists to do financial damage to yourself - damage that can be greater than you think is possible. There are many types of trades in which the risk of loss is unlimited.

To prevent this kind of mini forex trading loss, you need to create an internal structure in the form of guidelines that determine your mini forex trading behaviour so you always act in your own best interest. This structure has to be internal because the mini forex trading market won’t provide it for you. The markets provide structure in the form of behaviour patterns that indicate when an opportunity to buy or sell exists. But that's where the structure ends - with a simple indication. Nothing happens until you decide to start mini forex trading; you continue to trade as long as you want; and there is no end until you decide to stop.

All the beginnings, middles, and endings of your mini forex trading is the result of your interpretation of the information available from the market. However, while the average trader may want the freedom to make these choices, but that doesn't mean they are ready and willing to accept the responsibility for the outcomes. The reality of mini forex trading is that, if you want to be successful, you have to accept that no matter what the outcome may be, you are completely responsible. Not the mini forex trading market, not the economy, not world events – you.

Traders who are not ready to accept this responsibility can find themselves in a dilemma: How do you participate in an activity that allows complete freedom of choice and avoid taking responsibility if the outcomes of your choices are poor? This can be accomplished by adopting a mini forex trading style that is random. Random mini forex trading can be defined as poorly planned trades, or trades that are not planned at all.

Randomness in mini forex trading is unstructured freedom without responsibility. When we trade without well-defined plans and with an unlimited set of variables, it's very easy to take credit for the trades that turn out to our liking, because in our minds we used some kind of method. But at the same time, it's very easy to avoid taking responsibility for the trades that didn't turn out the way we wanted, because there's always some variable we didn't know about and therefore couldn't take into consideration beforehand. Random mini forex trading is an unorganized approach that doesn’t allow you to find out what works and what doesn’t.

If the mini forex trading market's behaviour were truly random, then it would be difficult, if not impossible, to create consistent results. If it's impossible to generate consistent results, then we really don't have to take responsibility. However, direct experience with the market tells a different story. The same market behaviour patterns present themselves over and over again. Even though the outcome of each individual pattern is random, the outcome of a series of patterns is consistent and statistically reliable.

These patterns can aid your mini forex trading if you choose to use a disciplined, organized, and consistent approach. Many traders spend hours doing market analysis and planning trades for the next day. Then, instead of making the trades they planned, they do something else. The trades they make are usually ideas from friends or tips from brokers. By making unstructured, random trades, they are able to avoid responsibility.

Why would they do this? When you act on your own ideas, you put your abilities on the line and get instant feedback on how well your ideas worked. It's difficult to rationalize away any unsatisfactory endings, since they’re the direct results of actions. On the other hand, when you enter unplanned, random mini forex trading, you shrug off the responsibility by blaming your friend or broker for their bad ideas.

The nature of mini forex trading itself also makes it easy to escape responsibility. Any trade has the potential to be a winner, whether you’re a great analyst or a poor one. It takes a lot of effort to create and follow a disciplined approach that will make you a consistent winner. But if you invest the effort, you can achieve success as a trader, and reap the benefits of the mini forex trading market.
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