Currency Forex Trading System-This Rule You Can Make You Rich In The Forex Market!


by Peter Lim - Date: 2007-02-22 - Word Count: 586 Share This!

What has golf got to do with forex trading? And what has it got to do with becoming a successful trader?

If you need help to become a consistent and profitable trader, my true story below may be the most important story you have ever heard.

I remembered how hard it was to learn the game of golf. Not that I could not afford it, but getting a coach was hard in those days, as there wasn't any coach at the local golf club which has only 9 holes for play. So to master the game, I practised often at the driving range- hitting hundreds of balls till it was far too dark to see where the balls were going in the night. I even organised "secret training" sessions where the caddy who had a handicap of 6 was very eager to give some private lessons. But each time after each session of secret training, my golf swing didn't seemed to improve, and I still hit the ground far too often than hitting the ball.

Fed up with the progress of my learning golf, I bought a book written by Tommy Armour, entitled, "A Round of Golf with Tommy Armour". He was a World War Two pilot who lost one eye over a air fight with the Japanese "kamikaze" pilot, and who despite having one eye, finally became a famous golf player winning several important championships.

Writing in an amicable and folksy style, Tommy revealed one very simple rule that he said will turn my golf around.

He said when I pick up my swing and when my arms were raised to the level of my shoulders as I swing, I should do just one more thing.

That thing..that action was to PAUSE for 3 seconds, and then hit the ball!

When I did that, at that moment of pausing, everything within me seemed to get ready to hit the ball. My fingers will automatically find its way to grip the golf club the correct way, my arm gets straightened to hit the ball, and my mind gets into the correct setup to hit the ball mentally!

That simple rule turned my golf game around!

This same rule in golf can help you in your trading.

Now, as you find what is seemingly a good trading setup and you are ready to place a trade, just pause for a second, and ask yourself - "Is this a place for a demand? "- in other words, query yourself whether this particular trading setup you see is telling you that there is a good demand for the currency if you are trading forex, or whether there is a good demand for the stock if you are trading stocks and shares.

The moment you ask yourself this question, your mind takes on a new dimension. You conduct an almost instantaneous last minute check on the viability of the trade from the sense of demand. And when there is a DEMAND, you will SUPPLY into the demand! Buying and selling in the forex and stock markets is just finding a demand and supplying the demand. It is as simple as keying off the highs and the lows.

So the next time you are opening a trade position, just before you pull the trigger, PAUSE, and ask yourself whether there is demand or supply. You will find a new sense of control which will bring in a better performance in your trading profits as you re-assess a trade at the most appropiate moment during your pause.

Who says there is no connection between golf and trading?


Related Tags: forex trading, supply, demand, trading setup, currency forex trading system, golf and trading

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