I'm starting this new thread because Silent Service has gotten so long in the tooth and so jumbled that I think it would do a huge disservice to what I believe is the most important part of trading: psychology. I'm not exactly sure what this thread is going to be about as far as content is concerned, it might just be the ravings of a madman before it's all said and done. However, the longer I trade the more I realize that the technical set up truly doesn't matter, nor does the methodology.
I have no credentials in the field of psychology, but can only offer my thoughts and my professional experience as a trader and Forex analyst. This thread is going to be dedicated to the idea that when you look at the chart, trading seems to be so simple. However, I suspect that if you spend any time doing it, you know just how untrue that statement is.
For example, all you had to do a short the GBP/JPY pair since 2008 to make money. It looks so simple doesn't it? Or, if you had bought stock in Apple over a decade ago, you would've made a fortune. Again, it looks so simple.
In this thread, I will talk about why it isn't, and why that's so important. Feel free to chime in, nothings being sold here although I am technically a commercial member. This is more or less for my own amusement.
I have no credentials in the field of psychology, but can only offer my thoughts and my professional experience as a trader and Forex analyst. This thread is going to be dedicated to the idea that when you look at the chart, trading seems to be so simple. However, I suspect that if you spend any time doing it, you know just how untrue that statement is.
For example, all you had to do a short the GBP/JPY pair since 2008 to make money. It looks so simple doesn't it? Or, if you had bought stock in Apple over a decade ago, you would've made a fortune. Again, it looks so simple.
In this thread, I will talk about why it isn't, and why that's so important. Feel free to chime in, nothings being sold here although I am technically a commercial member. This is more or less for my own amusement.