I todays lesson I am going to be showing you a simple three step process to help you overcome fear of uncertainty.
In Forex fear of uncertainty can be crippling.
Your probably know the feeling.
You see a really good set up that you want to enter.
But then you start to over analyze the setup. You concentrate on all the negative outcomes…..
Soon enough you cannot pull the trigger on the trade.
Well in this video I show you how to overcome fear of uncertainty.
S
David
Hi Nick, Thanks for
the videos! I always get some great tips and pips out of them so very much
appreciated. By the way I’m a big fan of your approach of turning off the
indicators and using the force, it’s a lot less confusing.
All the Best,
David
Rossy
Great advice, Nick. As someone who FREQUENTLY second guesses trades, this FEF really spoke to me. With a trading plan that tells me all of my rules for trading, and possibly even a longer chart time-frame, I’m sure I’ll second guess my trades a lot less; hopefully cutting out second guessing altogether.
Brendan
I think an important step is to accept and EMBRACE that trading is an inherently uncertain activity.
Once you get past this, you can instill the belief that:
1. You DON’T KNOW (for sure) what will happen next in the market. Nobody does.
2. But furthermore, You don’t NEED to know in order to make money. It’s a probability game, not a game where you’ll win %100 of your trades.
I don’t take credit for this BTW. It’s one of the best nuggets I picked up from Mark Douglas, Trading in the Zone. Highly recommended..