MMT Economics and Trading

Mental Game

I have been involved in Forex trading over 35 years, but one of the hardest things that I had to learn was how to get the proper Mental Game.

Mental Game is the phrase that I use to describe a mental state that brings the success that you want. In trading this is the most important thing. In my Forex Course I tell my students that successful trading is 99% mental. It's really even 100% mental. You can have the best trading system in the world; the best information, the best risk management sysstem, but without the proper mental game you will not make consistent profits and over time you will end up giving all your money to the markets.

Mental Game will ensure success in Forex trading

On the other hand with the  proper mental game you can literally throw darts at a dartboard and make money. Over course of my career I knew many successful traders. Some were long term oriented, some short term oriented, some technical, some fundamantal and many other approaches that you can possibly think of, but the common thread amnong the successful traders where that they had the proper  mental game.

It took me a very long time to learn this. I always thought it was my system or the quality of my analysis. It frustrated me for a lont time because my analysis was always great, but I still ended up not making consistent money. Only when I realized that the problem was not my analysis, but me, did I start making money. I realized that I was sabotaging myself with the wrong behaivor.

I developed a path to success

Over time I developed a five point system of behavioral traits that are necessary to succeed. These traits arte also necessary everywhere in life to be successful, I believe. It's what separates the winners fromm the losers. The five point program is as follows

  • Patience
  • Alignment
  • Detachment
  • Discipline
  • Trust

You can achieve success, too!

In my Forex trading course I not only describe what these traits are and how to apply them, but I also give techiques and exercisce desigend to build these behaviors. The human brain is like a muscle; it must be trained in order to develop and grow. With the right exercises you can train your mind to think and emote in a fashion that is going to bering you success you desire. Indeed, you must make that happen or else you will not succeed. That is a certainty.

To learn how to do this please check out my Forex Course videos.

Forex course on video

Categories: General