Leverage trading in financial markets involve substantial risk. Personal affairs need to be carefully considered when using risk-only-capital. Before making a decision to participate in the FOREX market, it is important that you are aware of certain facts.
Are you Detached from Money ??
Do you hesitate executing trades when pushing the button? When open trades retrace… you react by closing the trades… and the Markets Jolt Back Towards the Direction your Trade Originally Had?
Have you passed the opportunity of gainful trades due to Greed, Fear, or Revenge controlling your decision?
There is always Risk of Ruin with every trade.All humans have some type of risk daily. Those Detached from Money understand Proper Risk Management. Those understand the Laws of Prosperity and how money is a means for bartering of goods and services.
When trading, being Detached from Money is required. You would not hestitate if every trade had gains. BeingDetached from Money will help with Understanding and Accepting trades with loss.
Do you Hesitate with Trade Execution when pushing the button?
Do you Follow your Trading Plan Exactly for every trade?
Do you procrastinate executing your trading plan… and Unable to Stop Starring at the Charts after you finally pushed the button?
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 this assessment, find a quiet place by yourself and put on some soothing music or meditate and clear your mind of clutter. This will allow to focus on your answers.