I recently happened upon a website that the article below was taken from. Whilst written from the perspective of an equities trader, for me the questions raised still apply to FX afficionados. I am essentially a fledgling trader, and to-date moderately successful, despite the fact that I often lack the confidence and conviction that my successes were as a result of my own correct technicals and fundamentals analysis. Consequently, after reading this guy's article, I found myself asking the question; "'is my psychology suited to the short time frames I am trying to trade?".
It is my aim to start a personal league table of my day trade results versus what I might have achieved by taking the longer term view. I will then, depending on results, stay as I am, change tack or cut my losses accordingly.
I hope some of you find this guy's reflections as equally thought provoking as I did.
{ copyrighted content deleted by staff }
It is my aim to start a personal league table of my day trade results versus what I might have achieved by taking the longer term view. I will then, depending on results, stay as I am, change tack or cut my losses accordingly.
I hope some of you find this guy's reflections as equally thought provoking as I did.
{ copyrighted content deleted by staff }