Psychology of Trading Forex - The Real Cause Of Your Frustrations

Hi, Brian McAvoy here with Inside Out Trading. And today I've got a very, very important video for you. Now, the other day I sent you one. It's called what the charts reveal equals your edge. And I sent you that for a very specific reason. I know if you are watching my videos, it's probably because you have some sort of frustration with your trading, some level of frustration, and you're looking to resolve that, and that's a good thing. Now, what I found in both my own experience and with all the hundreds of people that have helped, is that after a while of wrestling with the frustrations, because trading can be very frustrating. It really can. I mean, it seems simple enough. And getting it to work can be extremely frustrating. And I know a lot of people that have been wrestling with it literally for years, and they're still not where they want to be. And after you've been beaten with that frustration for so long, a lot of times your confidence can have so many holes punched in it that you really begin to doubt whether or not an individual trader can make it, whether you really can make it what you want it to be. I said to that because I found that that video really does. It helps you realize that, no, it's not just the big players, it's not just the professional traders with tons of resources and staff that can make it. I censor that so that you can realize that yes, you can make it. There is a way for you to have an advantage in the markets trading that you can capitalize on and use to your advantage. So that was one really to just open your mind up to the possibility and help subdue some of the doubt that's probably built up over time. Now, today, what I'm going to tell you what, we're going to talk about today's topic again. It's about dealing with frustration and eliminating it. But this is like the one matter that until you address this one thing, your frustrations really will never go away. They might go away for a little while, but they won't go away for good. Let's face it, you're pursuing trading because you're looking for freedom. You want some financial freedom. You want time freedom, you want control over your life. And until you address this one thing, you won't have that freedom. And, and here's what I'm talking about. It's not really, it's not discipline. It's not that magic word, discipline. No, it's not that. It's not a lack of willingness to put forth effort or resources. It really isn't even a matter of psychology per se. It really isn't. Because this one thing, it covers all that. When you address this one thing, almost all the other issues go away. They really do. I'm not talking about a business plan. You hear that out of me. A lot of business plan, treating it like a business is an important matter and it is. This is even more direct than that. This is the one thing that you cannot afford to live without as an individual, self directed trader. The frustrations I hear from people either wrestle with hesitation or over trading or playing with their stops or getting out too early. A lot of things that all are pointing to the same problem. And here's what it is. If you're fighting frustration with consistent trading and knowing what to do and dealing with the markets on a consistent basis and a confident basis, it all centers around your level of mastery regarding trading systems. Now let me clarify something with you. Don't jump to conclusions because there are tons of people out there selling trading systems. You got home study courses go for 1,000, 2,000, $3,000. You've got boot camps that go five, seven, $10,000. And you got signal services. You got all sorts of people that are presenting to you that goose that will lay the golden eggs for you for the rest of your life. Here's the problem with that. That's not the goose. The goose really is when you can stand on your own two feet, you're not dependent on somebody else's system, their expertise, their signals, their mastery or their software or any of that stuff. When you have true freedom, it's when you can stand on your own two feet and you know what to do. Regardless of what's going on in the markets, what's going on in the economy, you know what you can do and what you need to do. You know, I mean, you've got the know how and the skills to stand on your own two feet and not be dependent on anybody else. That's when you have real freedom and that's when trading really gets good. It's when you know that you don't have to depend on anybody. You are the captain of your own fate. That's when you've really got your freedom. And until then, as long as you're dependent on somebody else's system, I mean, even if you buy a system and even if it works today, the markets are always changing. That same system might not work next month or next year. You got the economic climate, you got the government changing rules and NFA and everybody there are always Things that can change and systems will have different effectiveness during different time periods. I don't care what anybody says. Even with the great system, even the great Nicholas Darwin who had his wonderful box system, he had to modify that. When the economic climate changed, it worked great. During bull market did bear market came, he had to change what he did. So you need to have a system that works, know that it works, and you also need to be able to adapt when conditions change and call for it. Really true trading system mastery is when you can take a method, pretty much any method that you want, you can build a system around it, know that it works, and take it into the markets with that confidence. Because now it's your system, you own it, you understand it, and you know with a very high level of confidence that it works. You're not dependent on somebody else saying that it does, somebody else having proved it or created it or anything like that. And you also have that ability to change when you need to. Because when fourth quarter 08 came around and the credit crisis hit and all the bad news on Wall street turned everything upside down, I had a whole bunch of people that had calling me saying, brian, I've been doing fine for two, three, four years. My system doesn't work anymore. What the heck do I do? My count is down 50% and I don't know what to do. That is the problem when the climate changes, when circumstances change, rules change, all that kind of stuff. When the change comes along and you can't adapt to the changes, you're screwed. That's when you find out that you really didn't have that freedom that you wanted. Enough with the bad news. Now here's for the good news. What I'm talking about here is helping you to have that trading system mastery that you need to be truly independent and free of anybody and everything else when it comes to being an independent trader. Here's what I'm talking about. For a very limited time, and I'm only going to be working with 10 people. This is all that I can handle because it involves my personal time. But what I'm talking about is working with you one on one for a period of up to four weeks. We'll be getting on the phone or Skype, whatever we need to, and we're going to take your system, or if you're not happy with your system, you can look at something else to help you find the right system that fits your attitudes and your beliefs and your philosophies and suits you. And we're going to take that method and we're going to build a system around it. We'll prove it out, we'll test it out in a marketplace so that you go through the process that you have with both a working system now, but you learn that process so you have the process and the tool, tools and the know how to take any method that you want and build a good system around it, a solid system so that when you go to the markets, you don't have these fears and frustrations and hesitation anymore. The reason that you have the psychology issues is because you don't have that rock solid confidence in your trading system. I guarantee if you're having hesitation or you're over trading or that kind of stuff, it's because your system is lacking something and you haven't nailed down what it is. That's where this process that I'm going to teach you and you're going to know it. This is where you, when we're done, you're going to be able to be fearless moving forward as a trader. You won't be worried anymore about what goes on with the economy, what's going on with the markets, because you'll know what to do and exactly how to do it in a manner where you know your confidence is there, you're solid. And when you have that confidence in your system, you won't hesitate because you know the doubt isn't there. You won't be second guessing your system, playing with your stops and that kind of stuff. The reason those things happen is because there's doubt, there's reservations. I'm going to help you take away all that because you will truly master your trading system and the whole trading system process. Instead of being a $2,000 to $3,000 home study course or a boot camp or. It's just outrageous. 3, 5, $7,000. Forget that. What we're talking about here is just $500. I'll work with you one on one for up to four weeks. And again you will have this skill set, this one thing, to have your true independence where you are not dependent on anybody else anymore, period. You can stand on your own two feet and never worry about what's going on with the markets or the economic climate or the governmental rules or anything because you'll know what to do. You'll have everything you need to stand on your own two feet and never be afraid or nervous again. So all you've got to do, get signed up now. This is going to sell out fast. The last couple of coachings that I've offered have sold out in a matter of hours. This one probably will, too. Just get signed up now. We're talking about $497. That's cheap. I want some feedback. So go ahead and get signed up right now. If you've got any questions, hesitations, reservations, whatever, let me know so that that's not holding you back. Let's get on with this and get your true independence in your hands so that your frustration just plain go away. Again, got any questions, let me know. It's Brian McAvoy with Inside Out Trading. Cheers.