Discovering Your Trading Personality

There are a lot of types of Forex traders that differ from each other. Male traders, female traders, young traders, old traders, professional traders and naïve traders and so on. The best one of them is the one who knows well how to manage his trade and make it at the top of the pyramid.
Most people lose in the markets for one simple reason - they trade emotionally without being paying attention to the most important thing which is the strategy and the plan of how to trade. Good trading is not a question of doing; it is a question of being. How do you trade? Trading is a business and a life experience. It is not like any other business. The beauty of trading is that it becomes an expression of your own personality and your thinking. The truth is, good traders don't do, they simply are. And to become a good trader you have to create a model built around an approach that suits you. The Way to Trade will help you do just that. Find your own route to success and to make profit.
So what about losses? Clearly these are going to set you back - but, as long as your MM (Money Management) is effective, only in the way of time. As long as your trading STRATEGY is effective and you do make progress and a lot of profit.
*Don't bump up your initial trading size in relation to your cash. There is no point - if this works you will soon be trading more than enough contracts. *Don't rush increasing position size. You have to be prudent - that is the key to handling all risk and danger. It is when risk is allowed to run out of hand that it becomes dangerous. *If you find that the size you are trading is making you nervous and in a danger situation, drop down a little to your comfort zone. Nervous money never wins!
The market provides a number of opportunities which enables you to take small quick profits. In particular, support or resistance points usually produce at least a tradable reaction, especially if the market is oversold or overbought at that point.
For a Perfect way of trading you would need to watch the markets very closely. You may decide you would rather trade in a more relaxed style. That is also fine. And this is a very important part of the game – you will find it far easier if you trade in a style that suits you. But to do this you may need to increase your starting capital , and to stick to one's own plan which suits his strategy
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