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Trading in the FOREX market involves substantial risk of loss, and thus is not appropriate for everyone. You should carefully consider your financial condition before trading in this market, and only risk capital should be used. Before making a decision to participate in the FOREX market, it is important that you are aware of certain facts.


How bad is your "Attachment to Money" ??

Do you have trouble pushing the button when executing trades?
Do you freeze when currency pairs retrace… causing you to get out of trades… only to observe them bolt back into the direction you had from the start?

How many gainful trades have you missed because you allow fear, self-doubt, or emotions to control your choices?

Every trade executed has risk. Every human takes some risk on a daily basis. Those with a strong attachment to money fear risk. They want to hold onto every dime they have instead of understanding the laws of abundance and how money is a tool used to barter for goods and services.

Overcoming attachment to money is what every trader has to do… and continues to face… when executing trades. The key is recognizing your human limitations… as if every trade executed turned out to be gainful, you would never hesitate.

I tell my students: “If trading was a job and we offered 100 positions with a guaranteed five year, million dollars per year contract to work for a FOREX firm, we would have millions of people banging down the doors or flooding the internet attempting to hit their lottery ticket seeking their shot at championship gold.”

You would have nothing to fear and you would take decisive action. 

Unfortunately, you've probably learned the hard way that professional traders aren’t seeking employees, yet they are always looking for championship quality people trained to prosper in the most liquid market on earth… the recession proof business of the 21st century known as the FOREX.

Attachment to money will begin to subside when you retrain your subconscious mind how to react to winning trades. Bottom line, you must learn how to accept the losers before you ever understand the winners.

Those with practice regimen accounts execute trades in LIVE current market conditions as an exercise to build confidence in markets before trading their money. During your apprenticeship, you learn that you could have done all your work before executing a trade… and still end up losing pips. The possibility of being wrong and losing money shakes your confidence and stays with you. 

Major League Baseball players (like traders) must exhibit short term memory loss when facing failure. MLB players play 162 games over the course of a six month regular season, and if they’re talented enough… they fail on an average of seven out of every ten times they step up to the plate. Their minds are focused. Traders have about 240 trading sessions per year and must remain focused… breaking down failure to understand success. 

So…

Do you have a problem with hesitation in pushing the button when executing trades?

Do you have a predetermined game plan in advance for each trade executed?

Do you follow your trading strategy in practice accounts… and yet find you change your rules of engagement in LIVE accounts?

Do you procrastinate until you execute a trade… and then are unable to leave your computer because you have to watch every tick movement of the currency pair you just traded?

Do you need a sense of direction? 

It’s okay. Everyone does, some more than others… and like keeping a luxury car running… we all need mental checkups from time to time. Everyone, including myself. 

Take a deep breath and know a tune-up is within reach, if you make the choice. 

To what extent do you grade yourself on each of the following?

If you do this often and is a major issue - 5 points
If you strongly agree - 4 points
If you agree - 3 points
If you disagree - 2 points
If you strongly disagree and rarely do this - 1 point

Before you take our assessment, find a quiet place by yourself and put on some soothing music or meditate and clear your mind of clutter. This allows you to focus on your answers.
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