The Forex 1 Club

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<h2>Everybody hates to lose and unfortunately no one is blessed with the ability of foresight, therefore losses are an unavoidable part of trading.

When we enter a trade we will either be right, or wrong, and even if we broke-even we’d still be classed as being wrong – as nobody enters into a trade just to break-even! When unsuccessful traders encounter a string of losses they begin to engage in self-destructive patterns that help them escape the pain they are experiencing.

Bring to light these self-destructive actions that can help you realize what you are doing before it takes hold of your physical health. If you find yourself already engaged in these patterns hopefully this article can help you to get you back on track as quickly as possible.

What are the destructive patterns?

If you find yourself caught in a string of losses or a bad performing week/month be sure to monitor your behavior. It is during this time that you will be at your most vulnerable. You will begin to indulge in activities that at first seem harmless, but upon excessive use (or in time), begin to cause physical damage to your health.

Ask yourself the following question: during drawdown periods do I find myself over-indulging in these activities:

Food (especially junk food – e.g. chocolate, ice-cream, chips)?

Sex (includes viewing pornography)?

Alcohol?

Drugs (includes excessive smoking)?

Laziness (find it difficult to wake up in the morning)?

Entertainment?

All of the above taken in excessive doses can be detrimental to your own physical health (some even in small doses!).

These activities above during your losing period are only covering up the pain of confronting the true issue, and your body tries to rid the emotional pain by trying to “fix” it with physical pleasures. Unfortunately it is going about it in the wrong way, so what should you do?

Firstly… REALIZE WHAT YOU ARE DOING AND STOP IT!

You need to realize what you’re doing and you need to STOP doing it immediately! You can either decide to stop, or you’ll be forced to stop when your body eventually breaks down and prevents you from any form of movement. It will be much more beneficial to you in the long-term if you can decide to stop *NOW*.

Once you have stopped you now need to figure out a way to solve the pain – not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain; you are experiencing the emotional pain, now it is time to find the error and therefore your growth.

Begin Your Review

The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:

“YOUR SYSTEM” CHECKLIST

Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to program your system into back testing software)?

Did you test with out-of-sample data?

Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??

Is your system’s code correct?

Did you over-optimize your system? (What have we discussed about over-indulging?)

Did you paper trade your system prior to placing capital on it?

Did you trade with a small amount of capital prior to placing the rest of your funds on it?

Do you know the system’s limitations?

Did you properly drill your system? (See our blog article on why I am the system designer from hell)

“YOUR” CHECKLIST

Is the current drawdown you are exhibiting with your system normal?

Are you comfortable with your system’s historical drawdown performance?

Are you fully aware of the risks involved with your system and the instrument(s) you are trading?

Are you trading with funds that you are comfortable risking?

Are you relying too heavily on your performance?

Have you set realistic goals?

As you can see there are generally two areas that you need to explore: the mechanical aspect – your system – and the emotional aspect – you. Both can be responsible for making the way you feel the way you do. It will either be an error on the system’s side with how the system was tested and/or programmed, or it can be your own psychological profile not being comfortable with the system’s performance.

Your Answers = Change = Your Growth

What steps should we now take? Now that we have begun a corrective process where we have stopped the evil nature of our over-indulging ways to take control we should continue our “corrective nature” by invoking our findings and taking ACTION in correcting our errors.

If the problem was mechanical – fix it, if the problem was emotional either go about setting up new thought patterns, or change your current system. The answers lie in whether you need to expand your knowledge in system development, or whether you need to grow emotionally as a person.

Unfortunately there is no easy road, and even if there was everybody would be doing it. Hopefully this article has made you ponder over some of your behaviors during drawdown periods, be sure to keep an eye on yourself and as always take care of your body, because there’s no use in making all the money in the world when you don’t have the physical capacity to enjoy it.

Wish you success!

Mike Sanders

Forex 1 mobi Club

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FOREX USDBOT THE ROBOT 2010 ?

“The USDBOT robot itself would become the expert…”

Of course, it didn’t happen overnight…

FOREX TRADING? These guys worked on the same kind of burnout schedule I was trying like mad to escape — except they seemed to thrive on it.

Whenever I’d come up to their dorm room — which always seemed to smell like a mixture of cold pizza and burning hard-drives — they’d be sitting in the dim glow of half a dozen multiple-screen workstations, taking a break now and then to zone out on Playstation.

And a couple months later, I had it – the “beta” version of the same breakthrough technology you’re about to get your hands on.

They seemed awfully proud of it, but then I can’t read MQL-4 code like they can, so the only way to know for sure if I had made a wise investment was to test, and test like crazy…

READ MORE ON THE PUBLISHER SITE  

We are sure – you never will have seen before!

Forex – 1 Club

Admin Mike Sanders

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Forex Cash-Evolution 

A few days ago,

I told you about the cool mechanical system and  ‘ForexExplosionX’ that Jeff Miller gave away.

Well if you love them, then you will love this video even more:

=> Forex Cash Evolution

Jeff called this video ‘Forex’s 10 Commandments”. And you watch it, you will know the reason.

I’ve already told you that Jeff wanted to prove to everyone that making money with forex is easy…

Jeff is the man of his words. He really knows his stuffs. (And when you watch his video, you will know that he takes his forex trading career very seriously – he actually explained why 95% of traders lose their shirts, while forex trading can be easy and fun).

In the next few days, he is about to share with us something shocking:

A evolutionary secret weapon that might change your forex trading forever… which he calls as ‘Forex Cash Evolution’.

I’ll keep you posted about this soon! I can’t share with you any more information at this point, but I gotta let you know Jeff’s stuff is always a real deal.

Check out the live account with 2 live trades raking in $1,000 in profits on autopilot …

Or check out how $10,000 could turn into $2 mill.ion in 9 years from Jeff’s website.

=> Forex Cash Evolution

Ok, that’s enough for now!

Remember to sign up to Jeff’s list if you haven’t done so, because you can stand to win 2 free copies of Jeff’s secret weapon in the next few days!

Best,

Forex 1 Club

Mike Sanders

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I’ve already told you about the opportunity of winning 2 free copies Jeff Miller’s secret forex trading weapon. And it’s here:

=> Forex Cash Evolution

Just answer 2 simple questions on Jeff’s blog.

And he will hand picks two traders who have the best answers to give away his evolutionary forex trading system ‘Forex Cash Evolution’.

And because I know you will have a lot of questions about Jeff’s secret weapon, I’ve prepared some of the answers right here…

1. Q: What is Forex Cash Evolution?
A: Forex Cash Evolution is an evolutionary automated trading software that accounts for Jeff’s daily autopilot profits. It was developed based on Jeff’s most profitable mechanical system that can strike an astonishing 92.5% accuracy.

It took months and tons of money to develop Forex Cash Evolution. Only a small number of lucky people got the chance to use it before. And all of those lucky people achieved outstanding results with Forex Cash Evolution.

Now you have the exact system that made massive profits as you’ve seen before (2 trades with $1,000 in profits. $10,000 turned into mill.ions in 9 years).  All you need to do is to answer two simple questions:

=> Forex Cash Evolution

2. Q: Why is Jeff doing this?
A: Simple. Jeff is about to release his secret weapon to the public for the first time in the next few days. And he needs some more beta-testers’ testimonials to place on his website.

He needs your testimonials and he is giving away free copies of his system. That’s how much Jeff is confident about his Forex Cash Evolution.

3. Q: Why is Jeff so confident about his system?

A: Because it works.

Forex Cash Evolution has been tested for years. And it is proven to make money in any market condition.

A recent backtest showing that Forex Cash Evolution could turn $10,000 in $2,636,067.62 in 9 years (from 2000-2009). It’s around $292,000 in profit per year CONSISTENTLY.

But back-testing results are meaningless unless you can validate them with live forward trading!

The good news is… live trading results of Forex Cash Evolution are not less impressive…

* $1,000 profit with just 2 trades
* $2,500 turned into $5,620 in 1 month-on autopilot
* $10,000 turned into $33,153.20 in 45 days

You are about to see it all. But now, head over here to get a free copy of Forex Cash Evolution first! Jeff needs your testimonials really!

=> Forex Cash Evolution

Best,

Forex 1 Club

Mike Sanders

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