Online Forex Trading: Are You A Lion or a Cub?
გვერდები: 35
გაწევრიანდა: 16/03/2011
Online Forex Trading: Are You A Lion or a Cub?
This is something very crucial in real life and in forex trading.
Before we start: Characteristics of a Lion (King of the Jungle)
- Calm
- Powerful
- Confident
- Killing Instinct
Have you watch documentaries before on how do lions hunt?
Although lions themselves are a powerful predator, they still do not go out right up front to the prey and start chasing them from afar.
What they do is that they will fix their target on the weakest prey and move slowly and calmly towards the prey without gaining any attention.
Only when they are close enough and confident of getting their prey, will they Strike.
Online Forex Trading: Are You A Lion or a Cub?
The nature of a lion and how he hunts his prey largely applies to forex trading.
Are you the type of trader who calmly wait for a setup (prey) to occur.
And if there is no setup (prey), they will retire back to rest and come back to hunt the next day.
OR – are you the trader who strikes everytime you see food. But to get themselves a back lash most of the time?
If you are the 2nd trader, you are like a baby cub.
When the cubs are young, their parents will teach them how to hunt.
And not to go out striking blindly.
Online Forex Trading: Are You A Lion or a Cub?
Being calm is the characteristic of a lion.
But when he strikes, he is confident of a Kill.
That’s what a trader should do as well.
We will lie in wait for a setup occurance, and when it occurs.
We will strike it without hesitation.
But if there is no setup, we will retire to rest and do our things.
I hope you find the above analogy interesting, and it’s time to ask yourself.
Are you a Lion or a Cub in forex trading?
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See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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გვერდები: 939
გაწევრიანდა: 21/04/2011
Nice example and well explained. A good trader always wait for the right time. Beign hasty will only result in losses. Less trades with more winnings is much better than more trades with less winnings.
Stick to your rules
გვერდები: 65
გაწევრიანდა: 16/10/2011
lion here. thanks for the insights.
გვერდები: 561
გაწევრიანდა: 21/04/2011
გვერდები: 734
გაწევრიანდა: 22/04/2011
Nice article. Nicely explained by the example of lion and a cub. This article made me smile
The good or ill of a man lies within his own will. – Epictetus
გვერდები: 836
გაწევრიანდა: 16/05/2011
Originally posted by ironicalNice article. Nicely explained by the example of lion and a cub" />. This article made me smile" />
lol. asiaforexmentor is a nice forex writer. (Dont know about coaching skills though). All of his articles are interesting.
გვერდები: 194
გაწევრიანდა: 26/04/2012
Yeah i am lion because now i can able to make a good amount of profit through it and i am just working hard here to create my strategy for another pair and increase my profit.
გვერდები: 685
გაწევრიანდა: 06/06/2011
Originally posted by randy181992Yeah i am lion because now i can able to make a good amount of profit through it and i am just working hard here to create my strategy for another pair and increase my profit.
I dun think that u have read the article :). It is not about making profit. It is about trading style. Once u change ur trading style from newbie to Pro, you will automatically start making profit.
გვერდები: 939
გაწევრიანდა: 21/04/2011
Originally posted by randy181992Yeah i am lion because now i can able to make a good amount of profit through it and i am just working hard here to create my strategy for another pair and increase my profit.
hmm can u show us ur account by linking it here. Also please tell us about ur strategy.
Stick to your rules