95% Losser + 5% Winner = Forex!

By: nicko martantyo

Have heard forex trading? If yes, maybe you know that 95% trader loss their money on the first 3 months. That means only 5 % trader who success. I am not an expert trader in forex. I'm just average-skill trader and still learn more about forex industry until now. But for your information, an average trader can get result 100 times better than expert trader. Why? Forex is not theory, forex also not science. Forex is a combination between discipline and emotion control.

I have experienced getting well enough result in my first trading with real account. I have a good trading system and I have discipline on running it. My money grew day by day. But you know what happened next?
I once loss several times, then I start to let my emotion take over my trading. And guess what? I loss all of my money within 3 days!!!

Based on my experience, I want to share my experience which probably could help you in first day of your trading. Surely, you often hear about technical analysis, fundamental analysis, trading management, money management, and various other forex theories. So, I feel that I don't need to tell more about forex theory to you, because it will only make you feel more confuse. I will enhance one important thing, that will balance all theory that you already have: emotional management!

You possibly have your own management trading, like, will not use your capital more than 10% at one trading, or will not use stop loss more than 20 pips. But have you make the rule concerning on your emotional management?
For example:
1. I will never open a position, when I'm having a bad mood
2. I will turn off my computer when I feel angry because I'm loss
3. I will not trading when I feel sleepy
4. I will never open position when I feel tired
5. etc.

I'm sure many things that concerning emotion which often make you loss on your trading. You can think of your other bad habit that often you do, whenever you are in a bad mood to do a trading, and you can start to make the rule to eliminate all your bad habit one by one. I hope you will try to manage your emotion. However, although you are very smart, without emotional management, you would fail sooner or later.
Then, if you want to become the 5%, you must defeat your emotion with emotional management..!!

Enjoy your trading

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