The 10 Essentials of Forex Trading – Jared F. Martinez

Trade Section The 10 Essentials of Forex Trading – Jared F. Martinez

Author : Jared F. Martinez


The Rules for Truning Patterns into Profit

I AM THRILLED TO BE a part of your trader’s journey and I am excited about your interest in Forex. Forex, or the foreign exchange market, offers incredible financial opportunity for those who are ready for the adventure, but it can be disastrous and financially devastating for those who are unprepared. My focus as an author is to be a mentor to those readers eager to enter the world of Forex trading. Some of the material in this book took me years to discover, develop, and just plain figure out. I hope you will realize that this book, although written primarily for traders, is ultimately about self-improvement. I have discovered that no one can become successful at trading, or for that matter at anything, without first establishing their personal constitution. It is this aspect of yourself that either destroys you or allows you to succeed in life, and that includes Forex. To be successful in your financial journey, you will need to be prepared for what the market demands the most—change and discipline! If you cannot find the courage to change and then remain disciplined to that change, you will be unable to develop a trading strategy that aligns with your personality and your perception of life. Every trader is looking for the “holy grail”; that little piece of truthful and accurate information that works consistently! In my own trader’s journey, I discovered that the holy grail is knowing when to get in the market and why and when to get out and why. If you can learn the when and the why, you will be able to make market movements work for you allowing you to capture the majority of potential profit from the move. When you do this, you have discovered your personal holy grail in trading! I believe this book can become your holy grail if you let it! Trading needs to be fun, emotionally exciting, personally and financially fulfilling, and stress-free. If you are going to be successful at trading, you will need to acquire a trading strategy that is easy to execute, easy to understand, easy to obey, and that works for you consistently. You will also need to master your emotions. Success lies in mastering four skills, three of them technical. These technical skills include knowing: 1. How to find market direction in any time frame, anytime, 24 hours a day. 2. How to establish a successful entry strategy that works consistently. Every trader wants the market to move in his or her direction from entry. 3. How to create two solid exit strategies: one to protect yourself financially should the market not go your way, and one to capture profit if it does. The remaining skill is more difficult; it is learning how to overcome the battle that takes place in your mind. Believe it or not, our daily destructive habits hold us back from achieving what is rightfully ours in this life. Learning to become a successful currency trader is a dream highly sought after by countless people around the world. I am here to tell you that it is a worthy and attainable dream. I have learned that achieving one’s goals and dreams is a matter of mental discipline. Dreams are attainable! However, there is a set of steps that needs to be mastered in order to make your dreams come true. This book will help you to learn these steps and to acquire the courage and commitment to take them. Always remember that man was not created to just get by—he was created to reach his highest potential!