So the new year is approaching and getting your head right, and getting the right mentality for your trading in the year 2011 is crucial.
For many people, even those who have been trading for some time now, profitable trading will still feel like a bit of a pipe-dream. So for the next few days, we're going to look at some things that you can do to make sure you start the new year properly.
Today - Study:
I've been on many courses over the years, and one of the things that I always like to see trainers do at the start of a course is to ask the group to grade themselves openly and honestly about their current skill level.
It gets you thinking about what you know and more importantly, what you don't know, and the new year is a great time to look back and take stock. Do you know charts? Do you know your pair properly? Do you really understand the trading system that you operate?
Take a sheet of paper and write down your strengths and weaknesses from a forex perspective. Then spend the time between now and the new year occasionally dipping into books or doing a bit of online reading. Take areas of weakness and get rid of them, so that they don't cause you problems in the new year.
You're never too old to study!
Jacob