Serious Challenge for all Traders
Follow me on twitter to join the challenge. Also RT this post so that others can join with us.
Traders need to have a set of Forex rules to follow to give them a guide in their trading. Without a guide you will wonder aimlessly through your trading giving away your money as you go.
Many traders have no plan and no rules, those are not traders, they are gamblers. What about you? Are you a trader or a gambler? I get emails all the time from people telling me that they lost all their money and they need help.
The first question I ask is do you have a plan? The standard answer is no. So my response is get a plan. I am not going to discuss that here but I have previously discussed trading plans here and on my other blog at forex4noobs.com. If you don’t have a plan or strategy, you can get one by signing up for my newsletter, I have some that you can download.
We have established that you need rules and now I am going to ask you a question. Can you follow your Forex rules just once? I have good news for you! If you can do it once you can do it twice. If you can do it twice you can do it 10 times.
What I am going to do :
- I am going to post 10 trades here on this blog.
- I am going to follow the rules for 10 trades and log the results.
My challenge to you:
- Follow the rules on 10 trades.
- Do not adjust, but follow the rules.
- Then log the results here on this blog.
If you can do that then you are taking a great step to becoming a great Forex trader. I am willing to take a stand here and say that if you follow your rules you will do well. If you do not do well while following your trading rules then you will at least know that your strategy needs some adjustments. Which is still a great place to be.
Are you up for the challenge?
I am up for it, come join me in taking steps to becoming great. I think this is going to be fun, helping people make a great new leap in their trading. Please comment below if you want to take part in the 10 day challenge.
Latest posts by admin (see all)
- How To Plan a Trade From Start to Finish - May 3, 2016
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