‘Winning Psychology for Forex Trading Success’

Forex (i.e. currency) trading seems pretty simple. Price goes up – or it goes down. Surely that’s all there is to it? Even if you just took any old trade, surely you’d be right about 50% of the time? 

People are drawn to Forex trading because it seems to be easy money. A few minutes on your laptop or even your mobile phone. What could possibly go wrong? 

The answer is – everything!! So please don’t think that taking random trades is a good idea and forget the idea that a few minutes here and there is going to make you rich. It won’t make you rich. But it could make you poor – seriously poor. 

Have you ever tried to pick up a piece of quicksilver, i.e. mercury? It’s so easy – right up until the very last moment when it tantalisingly slips away from you. Well that’s what currency trading is like for so many people. They lose their money, they lose their confidence Worse, they lose their dreams and their chance of a better life. 

And yet it doesn’t have to be like that – it really doesn’t

There are two aspects to Forex trading. The first is technical: finding a system which is consistently successful, i.e. it’s right more often than it’s wrong. The second is psychological: dealing with your emotions, your hopes, your fears. Most people focus on the technical and neglect the psychological. If you do that, you’re doomed. 

When people learn from bitter failure that the psychological is of such vital importance, they tend to go looking for advice. They find stuff like “Be disciplined” and “Keep your emotions out of trades.” But we’re not robots, we’re human. We’re emotional! 

People go round and round in circles, chasing that elusive piece of quicksilver all over the place. Then – entirely understandably – they tend to give up. After all, there’s only so much you can take. 

It doesn’t have to be like that – it really doesn’t

People make bland statements about the psychology of Forex. But I’ve actually been a psychologist, working in highly demanding corporate environments, helping clients to massively succeed. 

I didn’t come into Forex as a detached observer. I came into it for the same reasons most people do – to find financial freedom. And yes, I too chased the elusive quicksilver.

As well as being a long-standing psychologist, I’m also fairly well known in the rock climbing world. I’ve climbed to a pretty high standard – including a lot of what’s now known as free soloing. (If you’ve not yet seen the Alex Honnold film ‘Free Solo’, then please do so. Be warned though – it’s heartstopping at times.)  

To survive thousands of free solos, where you’re constantly staring death in the face, clearly you need to have your emotions in check. You need to have self-discipline. And I had both.

Were these advantages enough for me to effortlessly succeed in Forex trading? No. It took me nine years to break through. But, along the way, I learned a huge amount about the psychology of trading. 

Ultimately I won… and now you can too

I’ve served thousands of hours in the proverbial trenches. I’ve gone through unimaginable agony. It nearly killed me. Ultimately I won – probably because I hung on in there longer than is wise for anyone. 

There’s an old saying, ‘The smart way is to learn from other people’s experience.’ And that’s so true. My former mentor Ron is probably a genius (and I don’t use that term lightly). Yet by his own admission it took him 30 years. And he had help. Even with his help, it took me nine years – from the ages of 59 to 68. Effectively I lost a decade of my life winning a struggle which so many give up on. 

‘Winning Psychology for Forex Trading Success’

Because I’ve always loved writing (and have authored seven published books), I just couldn’t help myself writing down my saga. And it is a saga! But it shows so many pitfalls into which so many other people must have disappeared. At least I finally found a way out. 

‘The smart way is to learn from other people’s experience.’ My best advice to you is to download a FREE copy of my Ebook right now. If you take heed of what’s written in ‘‘My Forex Struggle – What I Finally Learned’ then hopefully it won’t take you 30 years – or nine. Maybe it’ll only take you a few months… or even less. 

All best wishes, 

Michael Ward

P.S. What’s in this book is brutally honest. And I do mean ‘brutally’. It’s not academic. Heaven knows it’s not bland. It’s the brutal truth. Please take heed of it.    

To get your copy, just tell me where to send it.