Disclaimer: |
There is a very high degree of risk involved in trading. In any market where a potential for |
profit exists, there exists also a risk of loss. Forex trading is a risky business. You should only trade with |
money that you can afford to lose. In case of loss, the amount should not affect your lifestyle and your |
family’s in anyway. None of the information on our website nor any information or education provided |
to the reader by any means assures that the reader will make money in the Forex market. Neither the au- |
thor nor the publisher will be responsible for the use or misuse of the information contained herein. The |
information contained in this ebook is for information purposes only. It is not intended as professional |
advice or a recommendation to act. Before engaging in any activity mentioned in this ebook, seek the |
advice and consultation of a competent professional. All trademarks mentioned herein are the property |
of their respective trademark owners. |
Best Charts For Forex Trading |
Is the Law of Attraction applicable in Forex world? Is it just another Self-Help BS or |
there is more to it? Is there a true Forex Secret? Let’s explore. |
You may find this strange topic to write and may be wondering how on earth some- |
thing like The Secret relates to Forex. I never thought I’ll write an article that has |
Secret in its title but here it is anyways. |
What is The Secret? |
First of all if you don’t know The Secret is then I suggest you Google it, there is a |
book and a 90 minute video. Once you have done that come back to this article and |
it will make more sense. |
I came across this video through spam email which landed in my inbox, it asked |
me to see this video and then take quick action to buy their product. I did see the |
video but didn’t buy whatever they were selling, not because I hated The Secret but |
I couldn’t correlate between the two. |
The Secret talks about “Law of Attraction” (some would say a fancy name for “day |
dreaming” ). The Law of Attraction states that like attracts like; your thoughts and |
feelings attract corresponding experiences. Your thoughts become things and by |
simply imagining it and taking actions you can get everything in life. |
To some degree it is true since it emphasize heavily on positive thinking. Though not |
necessarily true in Forex. Let me explain. |
Where it Fails? |
Imagine a day when you encounter a big loss in the market. If you are firm believer |
of The Secret you would avoid any negative thoughts that come to your mind, wipe |
the complete day out of your memory and start fresh next day. This may not sound |
too bad but there is a problem. |
Successful trading is an incremental learning process. It is not different then a player |
watching a recording of his / her performance, noticing mistakes and avoiding them |
the next time he / she is out there performing again. By completely neglecting the |
past performance you would miss out on the constructive learning process. The |
Secret fails miserably at this point. |
The Real Forex Secret |
But there is a Forex Secret. The secret is not only to record your mistakes but also to |
record what you did “Right”. Repeating over and over again the “Right” and avoiding |
the “Wrong” is the real Forex Secret. That’s how you excel not only in Forex but in |
anything in life. |
This article is meant to raise a lot of eyebrows and to inspire some good conversa- |
tion, so go ahead and send me your comments. I would love to hear your thoughts. |