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Set of professional and successful leaders in sports use force of visualization to reach the greatest possible level for them. Visualization art becomes fast a recognized method of successful work. The most ardent supporters of visualization – athletes, but are also surgeons, the compere, and even businessmen, who mentally represent as they will operate and react to various adverse situations, which can happen during the important meeting.

How visualization can help traders? Here is a real example of the successful trader using it. “The exit in a building where is my office there is a fountain. Once in the morning I have come too early so that has taken seat on a bench and steadfastly looked at a fountain. I have imagined myself behind the desktop. I saw myself, easy performing each bargain, according to the mature plan. When has worked my stop-loss, I left the bargain without emotions. When the profit purpose has been reached, I have fast evaluated a situation and have decided to continue the bargain or to leave. I have spent in dreams some minutes, was soon raised from a bench and have gone to the office. That day there were remarkable things. I have made some best bargains for all career. Actually, day has passed like what I have imagined it. Now every morning I sit before a fountain and I represent myself making bargains so easily as soon as I can. In the end of day I leave office with the saved energy and notable results”.

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Try to take advantage of this simple, but an effective method before the beginning of your business day. Go to a quiet place where you will not distract within several minutes. Sit silently and imagine yourself effectively working during the day. Following the lead of the trader, see yourself easy and confidently making bargains according to the plan. The more you practice visualization, the better you can support the quiet and concentrated approach to trade.

Extreme measures. Traps of the extreme prices.

Extreme movements of the price are usual traps for not skilled and emotional traders. The last some years we constantly see in the markets extreme volatility. Some traders have adapted and take advantage of it while others has beaten out from the markets. When you expect any level of volatility, you can exhibit corresponding stop-losses and the purposes, without giving in to emotional reactions. But when the markets changeable, it is not consecutive, and you have casual extreme price movement, it is much more difficult to operate properly the bargain and to remain free from emotions.

In a counterbalance to those extreme movements of the price – the potential trap, many traders will hasten to declare that for protection against such courses against an item there is a stop-loss. More skilled traders will not nervous very much about it. Certainly, stop-loss will help to supervise somehow a situation and it is possible, at least, to try to leave. But it is true at that when there is an extreme movement of the price, it is very difficult to close an item how it is necessary for you.

In general, when the price extremely goes against you, it is more favourable to wait a course. When there is a big change in price for very short space of time, usually there is at least small recoil, which will allow you to close under the best price. If your item corresponds to mood of crowd (especially expecting large gamble), and movement goes sharply against these expectations, you should leave as soon as possible.

The underside of a trap of extreme price movement is if the price very fast does the big course in your advantage. In these circumstances, you, possibly, will be closed too fast. If you too long wait with an exit, you can lose advantage and to close under the worst price, on recoil. In these cases it is more favourable to try to close before the course impulse will weaken.

Good luck!

Before you make up your mind to make a forex investment or start forex trading yourself, better find a nice forex book and learn more about the currency exchange market – this will save you from lots of troubles and traps.

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