Make Money Trading Online

Archive for December 12th, 2009

the human element that is involved in trading has been discussed in the two book series of Trading in the Zone published in the early part of the century.  The first book,  Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude, was written by Mark Douglas.in the march of 2000 the book was released.  

this book dicusses many problems that traders face such as conflicts contradictions and paradoxes of thought which result in the investors damaging their own chances of success.  The author addresses five very specific points that help traders look inside themselves and see how their being human affects their ability to compete in the market.  The book teaches about how people affect the movement of price up and down.  In addition, this book offers simple mental exercises meant to help people overcome their fears and inhibitions as they face the brutal realities of the market.

the second book was published in 2001 titled Trading In The Zone Maximizing Performance with Focus And Discipline.the book is authored by Dr. Ari Kiev who spent his life helping athletes overcome the mental blocks that prevented them from breaking personal records, and coaching traders on how to deal with the stress and uncertainties of the financial markets.

The Zone is a place you enter mentally as mentioned in the book.you act completely disciplined and focused once you are in the Zone as you are mentally immersed in the moment.Investors are encouraged to set a target then develop a plan to reach that target and the importance to follow the plan until the target is achieved.

both these books have one thing in mind which is the pholosophy of how to discipline your mind to overcome emotions.emotions are a part of the human experience but when decisons are made under the influence of such emotions our decisions become hasty and irrational as a result and tend to get us into trouble.

according to this combined theory traders can be more successful if they have set rules and then follow them.  Deviating from the rules might seem like it will bring quick gains in a moment of euphoria, but in reality, it will take you further from your goal.  

In addition to following the rules, traders are taught to anticipate the times when circumstances turn sour.with the help of some simple mental exercises fear can be overcomed in those crucial initial moments.  Disciplining yourself to obey the rules, and to engage in mental exercise when thing heat up can help traders avoid panic and other negative emotions that are the direct result of market fluctuations.

Traders International offer many of the same psychological philosophies and methods in their courses over the internet.  If you feel like your emotions are getting in the way of your ability to be successful, you may want to check Traders International out.

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