Alan Solarsh - Deliberate Practice in Forex Trading

1. Alan Solarsh - Deliberate Practice in Forex Trading Losing money, whether from market events or a poor trade idea, is always a bad thing. What's worse, when it occurs over and over, it eventually affects your confidence and trading approach? According to Alan Solarsh review, make up for your losses, some of you probably resort to revenge trading by throwing your trading plan out the window and launching into every trade opportunity that arises. Or perhaps you become so afraid of accumulating more losses that you even begin to avoid trading some of your best trading setups. Deliberate practice can be divided into three parts: the act itself, feedback, and incorporation. The Act According to the name, an act is an attempt to accomplish something. It does not matter whether you succeeded or not; what matters is that you tried. In forex, an act relates to making a demo or live trade." Feedback When you trade, you cannot actively observe yourself. Instead of mindlessly going through the motions, you must make a conscious effort to take the third-person view, record every aspect of your performance, and analyse what you did well and what you did poorly. Incorporation Once you have properly recorded what you have done, you now need to take the steps needed to change the things that need changing. Ask yourself questions such as, "What pairs do I trade well?" "What pairs do poorly?", "What market times are more suitable for my systems?" By actively doing this every day, you will jumpstart your competence and develop your skills much, much faster. As you engage in deliberate practice every day, not only does it become easier, but also recording, reviewing, and making adjustments makes one trading experience into many- speeding up the learning process. Getting started on this process isn't difficult at all. You've got all the tools you need right at your fingertips!