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Throughout all life we hear that it is necessary to develop in yourself spirit of a competitiveness. We compare ourselves to others, we are inspired on achievement of the big successes, and we try to become the best among equal. In the childhood, playing sports, to us advise to perfect skills and to become the star sportsman. At school we know that higher marks – a key to long-term success. And when we come to the world of adults, at work, we learn that the survival depends on a victory in competition. But when it concerns trading, you in real do not compete with anybody directly. In trading that competitive spirit can bring more harm, than advantage.

Comparison of our achievements with others, seemingly, has some advantages. Knowledge that the purpose is achievable, for example, becomes frequent powerful stimulus. Some discoveries were late that first considered them impossible. But as soon as the purposes have appeared feasible in comparison with others in the scientific world, progress was accelerated. But comparisons can have also and adverse influences. Strangely enough, the people reaching bigger success, usually work independently and care less of how work others. They follow an own route, on the way, and search for the further direction in themselves. Trading – the same creative process. You should perfect the skills of trade. You should find a method, which corresponds to your abilities and individuality. Comparison with other traders can often create problems. As you work, has no relation to how work others. It can cause negative emotions, jealousy or envy type. Having seen, that you work worse other same trader, you, possibly, will think, “Why do I cannot make also?” Or “I am not so good, as the trader as I thought”, such thinking in any way does not promote sharpening of your skills of trade.

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Do not look anybody’s reports, except own. You will be often tempted to compare the work to others. It is inherent in all our life and it is not easy to change habits at once. But in trading you should limit this mania. To support the mood, it is better to you to concentrate on improvement of own statistics, instead of to look at other traders. You do not know, what factors have helped them with work so that comparisons can deceive and disturb only. Another’s achievements have to you no any relation. In search of the reasons why in your method something goes not how it is necessary, you can establish personal factors, which constrain you, unique personally for you.

What factors do distinguish your advantageous bargains from the unprofitable? What can you improve? As soon as you identify these factors, following step it is necessary to create the plan for the future to maximize the forces. For example, if you see the force in trade at opening in ascending trend market, be focused on perfection of skills of consecutive trade in such conditions. It is not interesting to anybody that you do on 50 % less, than other traders. Your energy should be concentrated to creation of consecutive profit, instead of on a victory over others. Such comparisons only will disappoint and will distract you. And, in long run, most likely, you, anyhow, will make huge profit if you concentrate only on yourself.

Though you, probably, achieved success in the past, comparing yourself to others, it can be harmful to trade. You will be more successful, if carefully investigate own last report, reveal factors, which disturb to work, and change the approach. So bridle the spirit of competitiveness. Be focused on yourself, in the market and everything will be great.

It is a must to gather as much info about Forex as possible. Because this info will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be a 100% guarantee against losses, especially on Forex, but sometimes even one Forex books can save you much money.

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