FOREX trading is like a box of Chocolates. There is a season for the best trading, there is the promise of getting just what you want, and there is a chance you will like FOREX trading so much… you will come back for more! Just like a box of chocolates!
Best Season for FOREX Trading?
The Best season for Trading FOREX is typically the fall and the spring. The holidays are times when the markets tend to take thankfully what seems like a break. Also, the summer can be a slower time as the markets can have less liquidity. As you look for FOREX pairs to trade, you may find that the pairs have many characteristics in common. There are pairs whose price action is similar and there are pairs in which price action is opposite. The chart below can help you make decisions of how to trade some of the companion pairs those that can work together and the opposing pairs those which work opposite.
| EURUSD + GBPUSD | EURUSD + USDCHF |
| EURUSD + AUDUSD | GBPUSD + USDJPY |
| USDCHF + USDJPY | USDCAD + AUDUSD |
| AUDUSD + NZDUSD | USDJPY + AUDUSD |
| GBPUSD + USDCHF | |
| USD + GOLD |
Similar to trading, beautifully boxed chocolates are mostly available from mid-September until after Mother’s Day. They are a great gift if you are sure this is the gift someone really wants! As the box is opened, it appears that all the chocolates look all the same. They are nestled in their little white paper holders, homey and yet separated nicely from the others. FOREX trades are much the same. Each trade may look similar when it is placed, but as you learn how to choose trades with high risk to reward trades… you will discover which (flavor) you like the BEST!
Getting WHAT You Want with FOREX Trading
The most important step in FOREX trading is determining WHAT you want. If you approach FOREX trading like you would a college educational experience… you will most likely get what you want and a great deal more. If you approach FOREX trading as a means to increase your bank account or to pay next month’s rent… you may be sorely disappointed. Learning how to trade FOREX takes time and attention. Developing a proper Mindset starts with a specific idea of WHAT you want to learn and applying what you continue to learn with each trade. Getting what you most desire comes primarily from your Mindset and your motivation.
If you haven’t yet had a Mindset Mastery experience, how do you know which trade to choose? Should I choose a Major trading pair or an Exotic? Maybe Energy? Finding FOREX trades, which match your Mindset, your lifestyle, your tolerance for risk and your budget. FOREX trades are much like the flavors found in the box of chocolates. Each one is different…. Unless you stick with only one pair. Then the flavor is always the same! The chocolates with nuts may be a little more distinguishable but even then, how do you find the milk chocolates with cashews rather than the dark chocolates with brazil nuts, all hiding their secrets inside. There could be nougats, covered cherries, chocolates with nuts and sometimes coconut bathed in smooth chocolate, just like FOREX trading.
MORE FOREX Trading and MORE Chocolate!
Chances are, if your first few FOREX trades were profitable using your DEMO account, you have been back for more! Your learning curve could be very steep, and you may want to place trade after trade. This is normal, and yet would you do the same with real money? Most likely not. It may take some additional education, time and most likely confidence before you take the leap
and fund a REAL trading account! Take note to understand real money, your real money can be lost, just as real money can be earned. Note: The market will always do what it wants… these are not set in stone and do not indicate any trading information.
If what you are looking for is mentorship or kinship or fabulous friendships, for FOREX Mindset, and the lifestyle you create for yourself, CLICK HERE for more information. I know you have had this experience before, once you have tasted your favorite chocolate… you keep going back for more! Right?
“There are only three things in life that matter – good friends, good chocolate and, oh dear, what was that other one?” ~ Unknown
PIP$ TIP$: How do you measure success by how many pips you earned in a day?
PROFIT$ PRO$: BE Still. Know that what you learned today you can apply in your next trade.
POWER POINTER$: Today, I will know exactly what I want when FOREX trading.
Mindset Mastery: What is Mindset? Answer: Your Mindset is your established attitudes, perspective or opinions.
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