| It should be noted that millionaire traders, Elder, | | | | newbies into the game, while the experts wait for |
| Williams and some others are in fact professional | | | | the trend to turn back. |
| psychiatrists. And it is not accidental that not the | | | | - the lack of psychological knowledge that helps to |
| economists are the leaders and most successful | | | | understand the behavior of the crowd. And that is |
| traders, but professional psychiatrists and | | | | self-evident. |
| psychotherapists. Think about it. You will become a | | | | Are there any methods to overcome this fear? |
| successful trader when you understand why it | | | | It seems that every Forex book, every article offers |
| happens with Forex. You will understand what your | | | | efficient solutions for psychological difficulties |
| Forex mistakes are, and why you are making them. | | | | experienced by the traders. |
| And when you correct these mistakes you will | | | | IN FACT NEITHER OF THESE BOOKS CONTAINS |
| become a trader who has no psychological barriers | | | | METHODS TO OVERCOME THE FEAR EXPERIENCED |
| and obstacles on his way to better earnings in the | | | | BY A FOREX TRADER! |
| Forex market. | | | | But what do these books offer instead? |
| So, why do the psychiatrists make better traders | | | | Almost every book of this kind consists of two |
| than economists who, as one would think, have the | | | | unequal parts: |
| Forex market at their finger tips? | | | | - the bigger part of the book narrates about traders' |
| The economists are confused by: | | | | problem that interfere with their Forex work and |
| - the fact that exchange rates are not always | | | | make it unsuccessful (nervousness, doubts, worries, |
| related directly to the economic circumstances in the | | | | fear, sleep deprivation, etc.). As if the traders do not |
| countries. Well, do you know any economist who | | | | know their own problems. |
| would be bidding for low fx rates when the economic | | | | - the considerably lesser part contains conclusions and |
| situation is getting better and better? Or the one | | | | recommendations to the traders who are to solve |
| who admits that technical analysis of currency pairs is | | | | their problems and overcome their fears to become |
| more important for Forex trading than the | | | | successful. |
| fundamental one? Any economist is confident that | | | | The conclusions are disappointing: |
| this can never happen because he knows all the | | | | Many psychiatrists realize that the new field opens |
| economic dogmas. But it happens in the Forex. After | | | | before their eyes - now they may treat traders |
| all, how can a trader lose with the currencies moving | | | | whose number amounts to millions all over the world |
| up and down by the economic rules? The currency | | | | and is growing with every day. And since most |
| will surely react to the economic changes in the | | | | traders have a dream to become as successful as |
| country, but who knows when and how? Here is a | | | | George Soros and other famous traders, this new |
| tip: there is the Elliott fifth way to teach a lesson to | | | | field promises to be rather lucrative. |
| the ones who believe that fundamental knowledge is | | | | One thing is bad though: the overwhelming majority |
| enough (before the trend turns, the currency spurts | | | | of these new-sprung trader brain specialists do not |
| absurdly by the old trend), to confuse and draw the | | | | even know what the Forex is all about. |