Friday, 3 January 2014

Forex New Year Resolutions for 2014

With the New Year come New Years Resolutions.  You know, that to do list for the first couple weeks in January that collects dust for the rest of the year.

Happy New Year
from Trang, Thailand

Don't fall into the same trap this year, you know the "I make good trades but occasionally I make some bad ones and they wipe out my account" trap.  Just had lunch with someone that is in denial about his trading.  I hear it far too often.   Guess what, you are a bad trader.  The good news is I can help!

It is easy to be overconfident after a few good trades.  Just like it's easy to drive your car around the parking lot when you're learning to drive.  I'm sure you have friend that say "I'm a good driver" and you know they "occasionally have accidents".  Guess what, they are bad drivers.

This year, do yourself a favor and be honest with yourself, get a coach that can fine tune your trading. Just like a golf swing that needs tuning.   Don't be that golf hack that "is a good golfer", doesn't need coaching, and ends up with a lousy score time and time again when hitting a few rough spots.

Happy New Year, and stay out of the rough!