Hi and welcome to the 'Which Forex System?' blog.
I'll be posting regular market updates from well respected Forex experts and showcasing the best Forex advice and systems, so you don't have to waste fruitless hours searching for it yourself!
Add me to your 'Favourites' now and as a special thank you, I'd like to give you 4 fantastic FREE gifts by simply entering your details on the right of this page >>>
You'll receive my 3 Part Ebook series 'The Forex Decoder' which covers everything from the history of Forex, to revealing the most consistently profitable indicators you'll need in your Forex arsenal. I've sorted the 'wheat' from the 'chaff' so you don't have to make the same mistakes as I did when I first started.
You'll also receive a copy of Mark Nelson's famous '7 Habits Of A Highly Successful Trader' which will prove an indispensible aid in your Forex career, as it has done in mine.
Just enter your details on the right and get these 4 fantastic gifts absolutely for FREE >>>
Yours 'Forexly',
Cliff
What does Ray Allen have to do with Forex?!
I'll be posting regular market updates from well respected Forex experts and showcasing the best Forex advice and systems, so you don't have to waste fruitless hours searching for it yourself!
Add me to your 'Favourites' now and as a special thank you, I'd like to give you 4 fantastic FREE gifts by simply entering your details on the right of this page >>>
You'll receive my 3 Part Ebook series 'The Forex Decoder' which covers everything from the history of Forex, to revealing the most consistently profitable indicators you'll need in your Forex arsenal. I've sorted the 'wheat' from the 'chaff' so you don't have to make the same mistakes as I did when I first started.
You'll also receive a copy of Mark Nelson's famous '7 Habits Of A Highly Successful Trader' which will prove an indispensible aid in your Forex career, as it has done in mine.
Just enter your details on the right and get these 4 fantastic gifts absolutely for FREE >>>
Yours 'Forexly',
Cliff
What does Ray Allen have to do with Forex?!
By Jack Wright
Ray Allen is the NBA’s all time leading 3 point shooter. He hangs around the 3 point line and waits for his opportunity to knock down a 3 point shot. He’s simply an assassin with his 3 point shot! In so many games with just seconds left in a close game, his teammates find him and he shoots a dagger in the opposing team to win the game. He is truly a master of his craft. Not only that but he’s smart. He was once interviewed along with his key teammates Kevin Garnet and Paul Pierce, they were all asked to answer one question at the same time, the question was; if there was time left for one last shot, who should take it? Kevin Garnet and Paul Pierce both answered “Ray Allen” should take the shot but Ray Allen himself answered “The open man should take the shot”, of course the right answer is what Ray said, the open man should take the shot because the chances are better he would make it. It goes to show that even though we all know, and his teammates know, he is the best shooter, Ray himself knows better.
So what does Ray Allen have to do with Forex? The answer is discipline. When Ray Allen started playing basketball, he decided that to be successful, he had to stay healthy and that meant eating healthy, no more hamburgers and french fries! Recently in one of the games the announcer said this about Ray Allen;
“Ray Allen has not eaten a hamburger in 20 years!”
WOW, that fact blew my mind away, how could anyone go twenty years without eating a hamburger? The answer is discipline. It takes discipline to succeed. If you wanna be the greatest NBA 3 point shooter of all time, you have to have the discipline it takes to succeed. At age 36, Ray Allen is still playing and still knocking down 3 point shots.
Forex also takes discipline to succeed. We often know and have the systems that tell us when to take a trade and when not to but we lose our discipline, we get emotional and enter too early or exit too late. We don’t stick to the plan, we lose our discipline.
I know one person who has a winning system that wins 80-90 percent of the time. He sells his system at a very high price to the few who can afford it and he told me that still a lot of the buyers don’t stick to the system and lose their discipline. They have a winning system in their hand that they payed a lot of money for but they still can’t stick to it. They get emotional or try to change the system and end up doing much worse. They simply lack the discipline to execute the trades the system gives them.
We are after all human, we get greedy, we get emotional and get excited. Very few people have the kind of discipline that Ray Allen has. But if we can just learn to work on our discipline, our trading results would be much better, with any good trading system.
So what does Ray Allen have to do with Forex? The answer is discipline. When Ray Allen started playing basketball, he decided that to be successful, he had to stay healthy and that meant eating healthy, no more hamburgers and french fries! Recently in one of the games the announcer said this about Ray Allen;
“Ray Allen has not eaten a hamburger in 20 years!”
WOW, that fact blew my mind away, how could anyone go twenty years without eating a hamburger? The answer is discipline. It takes discipline to succeed. If you wanna be the greatest NBA 3 point shooter of all time, you have to have the discipline it takes to succeed. At age 36, Ray Allen is still playing and still knocking down 3 point shots.
Forex also takes discipline to succeed. We often know and have the systems that tell us when to take a trade and when not to but we lose our discipline, we get emotional and enter too early or exit too late. We don’t stick to the plan, we lose our discipline.
I know one person who has a winning system that wins 80-90 percent of the time. He sells his system at a very high price to the few who can afford it and he told me that still a lot of the buyers don’t stick to the system and lose their discipline. They have a winning system in their hand that they payed a lot of money for but they still can’t stick to it. They get emotional or try to change the system and end up doing much worse. They simply lack the discipline to execute the trades the system gives them.
We are after all human, we get greedy, we get emotional and get excited. Very few people have the kind of discipline that Ray Allen has. But if we can just learn to work on our discipline, our trading results would be much better, with any good trading system.
