Читать книгу The Trader's Pendulum - Samuels Jody - Страница 15

Part I
Introduction
Introduction: Riding the Trader's Pendulum
Chapter 1
The Successful Trader versus the Average Trader
A Perfect Plan Found?

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After careful consideration, they found a plan to address both concerns: Stacey would learn to become a forex trader. They knew they wanted something that allowed Stacey the freedom to work from home, on her own time, and they had heard about the high potential returns of forex trading. At the same time, they were fully aware of the high risks, so they had put aside a cushion of cash to weather the loss if things did not turn out well. Stacey knew she had a knack for business, mathematics, and logical analysis, and could easily imagine how she could use all these in trading. Forex trading seemed to be the perfect fit.

Stacey planned to dedicate most of her time at home to take care of the baby and trade for three hours every day. This way, she could plan her working hours around her life and the parenting plan, and have the luxury of a flexible schedule.

During her pregnancy, she started training herself in trading, received coaching from an experienced forex mentor, and tested her skills with a demo trading account. Within a couple months, she had established a trading system that fit her personality and preference, and so she took the leap of faith and started trading with hard cash.

Seven months later, their baby, Brad Jr., arrived. Soon after her maternity leave was over, Stacey quit her job and, according to their plan, started to trade forex at home while enjoying her new role as a mother. What astounded her was the fact that over time, she actually found herself making more money trading at home for three hours a day than when she worked a full-time job!

She was overjoyed, but cautious at the same time. She learned from her training that “each trade is a new trade,” and she held no illusions that there are any guarantees of success in trading. She understood that trading was much more than making a best guess on where a currency pair movement was heading, but rather, a deliberate study of the market fundamentals, cycles, and price action and skillful application of the trader's psychology. She was cautious, all of the time.

The Trader's Pendulum

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