Aah…but easier said than done. After all, we are all receiving input from the same sources….media, technical indicators, gurus, signal providers…etc: So it stands to reason we would all have close to the same opinion on a trade. And of course that opinion or feeling is wrong.
To combat this and become a consistent winner, we learned early in the 30 year bond pit at the Chicago Board of Trade how to “fade” ourselves. In other words, if all your sensory functions are telling you or giving you a feeling to be long, the odds are most others are feeling the same way, and that has to be wrong.
This is just one of the many characteristics you have to have to separate yourself from the crowd. There are others like the ability to reverse your position on a dime. How often have you been able to do that? Its provided me with a lot of six figure days.
I’ve been in the business 25 years now and the techniques I’ve learned and developed have stood the test of time. If you are ready to start thinking differently about Fx (or if you are a beginner wanting to learn) visit me at www.globalfxtradinggroup.com , click on Personal Coaching and we’ll get started.
Let’s get you there!
Jeff Wecker
CEO Global Fx Trading Group Offices in Chicago and London
