Abe Cofnas – The Forex Trading Course 2008 Version learn4x

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Author: Abe Cofnas

Abe Cofnas is a thought leader in the Forex industry. He has over 20 years experience in analysis, and coaching in forex trading, binary options, and related markets. Author of Planet Forex (Palgrave-Macmillan)

He is world-class presenter and seminar leader with experience in Shanghai, Dubai, Australia, and the US.

Author of 5 published works in the field.

Mr. Cofnas is an entrepreneur with deep interest in algorithms and has completed innovative algorithms that “watch” trader behavior and using swarm intelligence generate sentiment directional signals. He has also developed algorithms that measure organizational culture.

The Forex Trading Course

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How Much Have Your Emotions Already Cost YOU?

How much have your emotions already cost you just this year in losses and missed profits?

During my first year of trading, between the emotional interference and self-sabotage, they cost me over $32,000, a whole lot of self-esteem and nearly cost me my marriage.

And while I like to blame them on my wife, the gray hairs that I have probably came from that first year of trading.

Letting emotions mess with good trading has a high price.

One of the most common things people say they want most is to be able to stick to their rules, to trade consistently.

A primary contributor to the problem here is emotions causing the deviation from the rules.

You’ve probably experienced this a time or two yourself, yes?

Where you’ve hit some losing trades you didn’t expect, and how you’re almost constantly second-guessing your system?

Emotional Trading Is NOT “Normal”

Because I jumped into trading without the proper preparation (like most traders), trading was an emotional experience from Day 1.

All the resources I found said that this was just a normal part of trading.

They said that I simply had to find a way to trick or force myself to stay disciplined and stick to my rules, in spite of my emotions.

Personally, I found that to be very stressful and difficult.

It also proved to be a temporary solution at best.

Even when I did figure out how to clamp down my emotions, it never lasted for very long.

But trading should NOT be an emotional experience.

NO occupation should be that high stress.