This is the finale of the Trading Success series, and i am going to talk about how to duplicate the success of ”Practise Makes Perfect” in trading. 

In computer gaming, sports or any other skills you have learnt, you need to commit the skills and techniques to your memory first. What comes next is practise, practise and practise. Some of you may remember the first time while you are learning how to drive a car; you cannot focus shifting the gear and checking the blind spot at the same time. After driving for more than 10 years, you can drive while drinking and talking on the phone at the same time. This is what i call practise makes perfect!

When you have enough practise, your skills will be implant in your subconscious mind, and will become your second nature. Same goes for trading skills, when you have study the market conditions long enough and couple with correct practise consistently, there is high probability that your trading skills become your second nature. When your trading skills become your second nature, you may even have “sixth sense” of the market conditions.

If you are determine to be proficent in trading, remember to practice practice and practice. Nothing comes easy! If you desire something, there must always be some sacrifice.

This article on Trading Success-Part 3 is brought to you by www.onlinetradingfx.com

Another powerful insight i have come across during my Warcrafting period is learning to create consistency in my game. In order to implant consistency in your trading mentaility, a series of success need to be created.

When a series of success is created, you will naturally feel confident in your trading skills and develop a winning attitude in your trading. Some of you may find it hard to swallow the idea of creating a series of success in trading, where the market is unpredictable with inconsistent results. However, it is acheivable if you believe in yourself. Try the following method and let me know if it works for you.

When you are in a position and in the money, always adjust your stop loss to 5%-10% of your target profits. By doing this consistently, you will always make some profits even if the market turn against you. In time to come, you will create a sense of “winner” inside you.

However, if you face a string of losing trades, stop trading immediately and relax yourself for a period of time. When you have rested enough and have decided to return to your trading business, start trading with a smaller lot size, and build up your confidence slowly by following the above method.

That’s all follks. Have fun and may the force be with you……

The article on Trading Success-Part 2 is brought to you by www.onlinetradingfx.com

During my 1 month plus of “Gaming in the Zone”, i found one of the crucial element that involves in successful trading. The answer is PASSION!

Passion is define as : a strong liking or desire for or devotion to some activity, object, or concept.

To master trading successfully is never an easy task, and i could say that it is the toughest profession in the world. As it involves the art of pyschology and science. For those who have just started to learn trading, you may feel excited even at the slightest movement in the market. However, when the going gets tough, you will be facing with the toughest challenge in your life (Your own pyschology). This is where it makes the difference between those with true passion and those with “3 minutes of passion”. It is the deep passion that keeps you going and overcoming the obstacles along the way.

So i guess we have talk enough about one of the crucial element (passion) involves in successful trading. So how do you actually duplicate the same enthusiasm and high level of excitement when you wake up early in the Sunday morning playing Warcraft while having only slept 3 hours before?

First of all, you need to identify your goals and dreams. Without these, you will get mentally burnt out in no time. Trust me! During my period of “Gaming Obsession” levelling fast is my goal, and it is what keeps me going on and on, night after night of sleep deprivation. So you need to identify your goal in trading. What you want to acheive? Your timeline in acheiving your goals….etc.

Next, form a close circle of team mates who share the same passion as you. It will increase your enthusiasm level and push you forward to the next level.

“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to be the third mind” by Napoleon Hill.

Another advantage of having a close circle of team mates is to share your goals and dreams to them. The more you talk from your heart, the more real it will become and soon you will reach your goals.

So how do you know if you develop the passion? One of the guideline is when you speak of intensity and focus about trading. You will find yourself thristy for knowledge and welcome any challenges with positive mind.

This article on Trading Success is brought to you by www.onlinetradingfx.com

Hi everyone! It has been long time i have last posted, and i hope i never missed out much. Had been ”playing truant” for the past one month, gaming Warcraft, and feeling gulity not updating my blog.

However, during my gaming period, i have realise some important factors which may apply to trading successfully. You maybe wondering what the heck gaming got to do with trading?? Well, stay tune for my next blog update and you will find out…..

In the meantime, i have post a music video of David Archuleta-Crush. It is about a guy crazy in love (maybe for the first time??).

One word of advise, if you are falling in love or had a crush with a man/woman, just be brave and don’t be afraid to reveal your feelings to him/her. Just like trading; “Nobody knows where the market is going ”, so Just Do it!

I hope you enjoy!