Conditions That May Affect Your Performance In Forex Trading

by Ntombi Malatsi | Jan 15, 2017 | FOREX FOR BEGINNERS, FOREX TRAINING

Hello readers, it’s me again. This time a thought just crossed my mind and I thought let me come here and share. I am sure you can all relate to what I am about to talk about. Sometimes we get so caught up in trying to make that pip and in the process we overlook the small but the most important factors of our lives that may end up affecting our trading performance.

I have listed just a few that I have personally experienced. I am sure there are plenty, you can engage by leaving your comment and hopefully I will also learn something from your experiences. Just tell us what do you think is the main issue or issues that affect your performance. Let us help each other. Mine are listed below and of course I had to identify them first for me to even start working on them.

Conditions That May Affect Your Performance In Forex Trading.

Stress : As people we are faced with different challenges from time to time. When  you feel  that you are not emotionally OK, it could be due to a break-up in your relationship, a death of a loved one, rather deal with your emotions and stay away from the markets until the issues are resolved. You are more likely to lose money when trading under a lot of stress. I did just that in December 2016  when I was not coping well with my brother’s  illness and I felt so emotionally drained  I ended  up closing  my laptop for trading  around the 10^th  just to avoid making mistakes. Trading when stressing  is like eating a lot when you are upset, it only creates more problems and never solves anything. 

Distraction: This may  be caused  by so many things in our lives. You might be distracted because you have visitors who came over for the holidays in your house, your business or job suddenly needs more attention especially during  peak times. It is OK to close your laptop  for a week or so and focus more on the matters at hand . You can always go back to your trading account  once everything is settled.  Always  remember that  this  is your account, you do not report to anyone and you are the one who is calling the shots.

String of losses in one day: When you get bad trades from your first trading session of the day, you are likely to feel discouraged and disappointed. Trading when you feel those emotions may lead to more losses as you tend to panic a lot during the trades and you might just close your trades prematurely in fear of taking another loss.  As much as I have daily targets, I also try not to measure my progress by  daily activities (I check my progress weekly). Oooh! You don’t have daily targets? Set up your’s using the tips that I shared on this post HERE.  As traders we need the patience and also the impatience. We need the patience to be able to wait for the perfect setup and also to let our winning trades run without rushing to close prematurely. We also need the impatience to let the loosing trades run for a long time, we need to learn to accept when we get it wrong (it happens to most of us) and close the bad trade and move on. It is hard to move on or even see other trading opportunities when we let the loosing trades run for days hoping that they will come alright. Each individual is responsible for his/her self-control. Prayer is good, but let us stop abusing it by letting bad  trades run hoping and praying that they’ll come OK.

I hope you guys got reminded of important things that your need to look at and things that you shouldn’t overlook. I have successfully taught so many people, from individuals who have never seen a trading platform before to the ones who have been trading for years but only wanted to learn how I personally trade. But there is one thing that everyone has in common, all these individuals get so discouraged by a loss, it could be a very small loss but somehow we tend to think that things will always go our way (guilty as charged), but the good thing is, I know when to walk away (it took me years to master that, be patient you’ll master it soon as well). I had to struggle for years to teach myself self-control and discipline. Unfortunately this  is one thing that I cannot teach the next person. I am however patient enough to hold everyone by hand as long they are also willing to receive the help. Thank you for stopping by and reading this post.

Gratitude Goes A Long Way-THANK YOU

by Ntombi Malatsi | Dec 13, 2016 | FOREX FOR BEGINNERS, FOREX TRAINING

Gratitude Goes a Long Way – Thank You For Walking With Me In 2016 

The year has come and almost gone now. It feels like yesterday when I was writing my last post of 2015, it is that time of the year again. I am not a professional writer but I’ve had so much fun in the past 11 months, I certainly hope you also learned something from my blog posts in the past 11 months.

Looking back at where we started, firstly it was Brexit which took place in June, many traders lost big monies and they never looked back to trading the Forex markets again. It was very hectic (I survived because I pay attention to the economic news, hope you did too). As if that was not enough, one day Theresa May (Prime Minister of UK) suddenly announced that article 50 will be triggered to start the process for the UK to officially leave the EU, the Pound (GBP) crashed leaving many traders confused of what had happened (again I survived the crash because I was aware of what was happening), I hope you survived the storm too. On the 8th of November the U.S elections took place resulting in Donald Trump being elected as the U.S president. Donald Trump is currently a president elect and will be officially inaugurated on the 20th of January 2017. The latest was the Italy Referendum on the 4th of December whereby the Italians hit the polls to vote for their constitution to be changed. Renzi (former Italy Prime Minister) was for the Yes vote and threatened to resign should he loose the votes, and yes he did resign after he lost. 2016 was such an eventful year indeed. I am actually looking forward to seeing how the markets will be in 2017. This post is all about showing gratitude for all your support. You might have not seen it anywhere where a blogger actually thanks the readers, I am one of the few who does and this means a lot to me.

To my subscribers

Thank you so much for pushing me to write blog posts on a weekly basis. Knowing that there are people who are waiting for my next post did not only feel good, but it was truly encouraging. There are currently 322 subscribers (at time of publishing this post). I would actually post even when I was at my worst (you gave me purpose, thank you for reading my posts and for your subscriptions). If you have to know, I used to write blog posts and no one would read. I must say, that was a very bad feeling I remember thinking to myself “am I writing all this to myself?” imagine how discouraging that must have been. I am so glad I never gave up. When I write a blog post just to show gratitude, you guys should know that I am not at all exaggerating with all these thank you’s. If you are reading here and you are not yet subscribed and you’d like to, simply look for “”SUBSCRIBE TO MY BLOG” on the sidebar, enter your email address and click “”SUBSCRIBE”. An email will be sent to your email address (look for it on spam/junk folder if not on inbox), click on the link to confirm your subscription and voila, you will receive the posts straight to your emails every time I publish one.

To everyone who shared my posts

When we read on blogs and share the posts afterwards, we can only do so if we find the posts informative or valuable and therefore wish that everyone can read. Thank you so much for sharing my posts with your social media groups or peers (it means a lot to me), this wonderful act of yours does not only encourage me to write more, but it also assures me that the information provided on posts is helpful and valuable (without your shares, I wouldn’t have known). Thank you, thank you, thank you, your act of kindness is much appreciated.

To everyone who ever commented on my posts

Thank you for engaging with me through your comments. I want you to know that I do not filter comments, I publish all comments as long as they are related to the blog post. I only filter those nasty ones from spammers who are posting links that leads to porn sites or slimming tablets. I have a positive feedback for you. I have mentored people who have stumbled upon my blog and saw how we engage through comments, thank you, thank you , thank you.

To everyone who enrolled for private lessons

I know I have told you this before, but thank you again for trusting me. Like I always say, I will always keep my promises as long as you also keep your part of the deal. It has been amazing connecting with people from across the globe. This is also to show us that nothing is impossible, if the locals do not recognize your good work, continue to do good anyway, the world is watching. This is my cue to say happy holidays to all of you, may you receive all the desires of your hearts. I am officially off trading till 2017 (taking a well deserved break). This might be the last post of 2016, but you are definitely going to hear more from me again in 2017. I promise to remain truthful and only share my experiences and warnings if I have to. I promise to keep it real and I pray that my mind  may not be corrupted as long as I trade the markets. Thank you once again as I sign off, meet you again in 2017

Same space, same blog

Cheers..