Open trading account 
Today we have seen high volatility on majority of forex pairs and frankly speaking, I wasn't expecting such volatility on first Monday of the month and was able to take only one trade, which ended with a loss of 0.58R. Although there were many opportunities to enter and make some pips, I was reluctant to get involved and not eager to trade. My today's action reminded me of something I read few days ago, which is so true.
Markets some days are very structured and its simple to find a point and get involved and someday its a bit hard. Price behavior changes, what differentiate a great trader from a good trader is to acknowledge that and act accordingly. Some times there simply is no trade and when there is a trade and you have done your hard work and due diligence then there should be no stopping you . You should trust your self and your analysis and think to your self "if the same setup was presented to me would i take it 10 times " if the answer is "YES" then close your eyes and take a deep breath and shut out all the noise and trade your PLAN. There is no money to be made sitting on fence.
Lesson learn't......
Markets some days are very structured and its simple to find a point and get involved and someday its a bit hard. Price behavior changes, what differentiate a great trader from a good trader is to acknowledge that and act accordingly. Some times there simply is no trade and when there is a trade and you have done your hard work and due diligence then there should be no stopping you . You should trust your self and your analysis and think to your self "if the same setup was presented to me would i take it 10 times " if the answer is "YES" then close your eyes and take a deep breath and shut out all the noise and trade your PLAN. There is no money to be made sitting on fence.
Lesson learn't......
