As of late, I have been making a conscious effort to reengage myself in my own personal development, away from the arena of trading. As far as speculation goes, it has become a simple process of following my rules, sticking to the plan I have in front of me and remaining patient and disciplined at all times. This is how trading in any of the financial markets should be and once you know yourself and how to control your behavior, it becomes easier sticking to stops and letting winners run and not allowing the emotions get in the way of the trade working out.

I have always encouraged my students to put the time and effort into attaining the “less is more” approach to their currency trading. Being a full-time trader does not mean in any way that you have to sit in front of your monitor all day waiting for a setup, afraid to even go to the bathroom in case you miss an opportunity! In fact, I would say that it is the complete opposite. Look at the charts, find a setup which is in line with your trade plan, place your entry, stop and target and then simply go do something else, giving you the freedom to get on with the other important and enjoyable things in life.

However even after doing this for a number of years, I can also be guilty on occasion of spending a little too much time analyzing the charts. Trust me, this doesn’t happen often and really just involves me looking over a few more currency pairs than I normally would but it does still happen nevertheless and we all have to make sure we spend enough time managing that all important work/life balance. As I stated at the start of this article, I am currently getting back into the habit of focusing on my personal development journey, reading as much as I can, setting new goals and fitting more into life when time allows. During this process, it struck me just how many concepts I have explored over the years, many of which were important discoveries and “ah-ha” moments linked directly to the progress I made in trading overall. You see, before I was a… Continue Reading