With the July 4th Holiday and US markets being closed tomorrow, I wanted to write a brief article about memory and your trading mindset and successful forex trading. Ironically, most developing forex traders spend more of their time either a) thinking about the future and what things they will buy or do with their new found riches, or b) thinking about past trades, particularly losses more than wins.
The brain biologically is built and wired to pay more attention to negative things instead of positive ones. Why? Because during our brains evolution, negative things more likely represented a danger to our survival. This is why you can recall your losses far more easily than your big winners.
Ask yourself what …... Keep reading