10 Proven Techniques to Eliminate Fears and Anxiety

Are You Scared of Losing? 

Do You Find it Hard to Pull The Trigger?

Do you suffer from Performance Anxiety? 

Are You Scared of Losing? 

Or Taking a Trade? 

Do You Suffer from  FOMO: Fear of Missing Out?

If Yes! Then WORRY NOT!!! 

Because...

In this video:  I'm going to Share with you 10 Proven Techniques to Destroy Your Fears in Forex trading 

The Simple Trick I Use Daily to Trade like Professional Forex Traders without Getting a Finance Degree

The Simple Trick I Use Daily to Trade like Professional Forex Traders without Getting a Finance Degree

The Problem: The Fear of Losing and Stress of Trading

What happens in your brain the moment you enter a trade? What is it that changes how you thought about that trade? 

And how do you feel when the trade loses you money? What are the thoughts that keep you up at night? Do you wonder whether you should have taken that trade or not? Was there a better way to manage risk? 

Traders hate losing money and often give up on their dreams of forex trading profits and success because they are too scared of losing. Well if you’re one of those people like me and 99% of other forex traders then this Cool Trick might CHANGE the way you trade forever. 

Understand The Problem

Whenever we trade we assign a certain percentage of our total account as the risk for that trade. I understand that you apply this core concept to your trade, and if you don’t you definitely need to read about it. Assuming you understanding the basics of Risk Management and How to Take a trade in the Forex market, 

Let's Now Consider 1% Risk as the COST of buying an Item. 

Suppose you have a business of selling  perishable item. Perishable items have a shorter limited life span. Say you’re in the Fish business, without access to modern fridges and freezers. (Just an example off the top of my head, let's not argue about technology ok haha)  Suppose you hire a stall in the fish market for a day. So your fish can only last the Day in the Market. IF you don't sell it today, and since you don’t own storage facilities, the fish will have to be disposed off. They value of the rotten fish, as we all know is $0. 

So lets count Inventory Costs: Suppose It costs you say, $100 to buy 10KG of Fish. 

You want to sell it for $200 so that you can make a profit at the end of the day. 

Now, in this example, you might have to pay the costs of getting the stock, the market stall might have a charge or commission. 

This is not so different from the forex market. Just like the fish business you would end up paying spread or commission in the Forex Trading "business" which is really a smaller proportional cost. In this case you hire the trading platform (which the brokers give you for free) this is your Market Stall, and most importantly they LEND you the FISH, that is THE MONEY. 

Point to Note here, I know a lot of beginners don’t even know they take a loan sometimes even 100 times bigger than their initial investment when they trade the forex market with 1:100 leverage. 

So the next time you take a trade think about something like that. Create this visual anchor in your mind and use it over and over again. It does not have to be a fish it could be a cake, a curry, a fruit juice or even a time slot in a market place. 

Suppose you are selling a service and you hired a spot in the busiest shopping centre. Every minute you spend their is your cost and it is NOT coming  back. Suppose you paid $100 for that time slot of say 4 hrs. Every hr is costing you $25 dollars. You need to sell your service worth $100 to cover your costs. 

Anything above that $100 is your profit. 

Now think about your trading account. Suppose you have $10,000 in your account. You receive a good valid trading signal. You calculate 1% Risk for this trade which would be $100. Suppose you’re trading the 5 Min chart and your strategy suggests a 10 pips Stop Loss. That would equate to risking $10 per pip. In this case you need to make 20 pips to create that 100% profit margin. 

Think of that SPACE between your Entry Price Level and the Exit Price Level ,i.e your Stop Loss level, as THE SPACE YOU OWN in the FOREX market. The 10 Pips is your STALL, The Rented Space. Yes, Think about Hiring those 10 pips for $10 a pip. Imagine that you’ve actually paid or agreed to pay the rent amount for those pips. And you always pay the Rent. 

Cool Trick Visualisation of Renting 10 Pips Space in the Forex Market

Now imagine price hit your take profit level of 20 pips. You made 20 pips at the price of $10 per pip that equates to $200. You made back your $100 Rent cost and a nice juicy $100 profit on top. 

The biggest mistake forex traders make is that they call it a $200 profit. When in fact it is a $100 profit on a $100 Cost. 

When you start to think about your Forex trading Business in this manner you will have a better trading mindset that will lead to more forex trading profits and remain consistently successful. You will think of Forex Trading as your Serious Forex Business. 

The Mindset of a Professional Trader

There are two types of mindsets. One that is the opposite of the mindset required for consistently successful trading while the other the mindset of professional consistently successful traders.

The Non Professional Trading Mindset:

When a novice, non professional trader sees a setup, (A Trading Signal)  many doubts hits the trader. Instead of looking objectively at the rules of their trading plan (assuming they have one since most don't even bother with this fundamentally important aspect of trading) they look for all the things that have nothing to do with their plan.

As a novice struggling trader you start looking for reasons that has nothing to do with your trade plan. In other words the trader loses objectivity. Though confusingly though, for most people, when its a wrong setup, or no setup, trader somehow, finds it very easy to take those trades. There is no hesitation and they jump in without thinking. That is one type of mindset.

This mindset is a disaster. The trader may have in their hands, a very good trading methodology but they don't yet possess the mindset that is essential for peak performance. They have not trained for it because they don't yet know it is a "thing".

The Correct Trading Mindset:

Professional traders know exactly when to enter the market, where to set their stop loss and take profit levels. They understand risk management but more importantly they are disciplined. Highly disciplined. And the reason they are highly disciplined is because they have acquired the mindset called "Probabilistic Mindset". They know  that a single trade can become a winner or loser at any time. They know they cannot dictate the outcome of this one trade. But they also know that their method gives them an edge. So they keep taking signals objectively.

You have to do everything in your power to switch to that mindset.

There will be a day when you experience the switch.  You'll move from  finding it easy to take just any trade to finding it hard to take any trades that don't fit your rules, you find it hard unless its your setup, following the rules of your trading plan.  that day you will have become a trader with a professional mindset. A trader who's path of least energy has shifted.

AIMS Stress Free Trading - The T20 Principle is a training methodology. The FUTURE YOU that you want to be can be achieved at the end of the T20 training course. It is the mindset that you want to switch to. You don't need to change strategy, you need to switch mindset. 

Do You Understand Your Method?

Simple vs Complex 

The more complex a trading system the more chances of finding ways to break rules. That is because complex systems usually have a larger number of rules. And often, the rules themselves are quite difficult to understand. So, complex systems or methods generate more "rules"  in quantity and the more rules you generate the more complex the process. Its a cycle. 

Simplify Simplify Simplify 

as once said by the great Albert Einstein. Because as long as you don't find a process "being simple" it is probably because, (assuming the method is relatively simple) you don't yet understand it. So, assuming you understand the method ,and perceive it as simple, chances are that it actually is simple and not just simple for you alone.

Hence simplification is our main objective. Not over simplification but just enough that fits our mental capabilities. Over simplification could be a result of generalisation and that may lead to fallacies.

The Simplest Method

The simplest of technical analysis is looking at the price without many additional indicators. It is performed by "simply" looking at the peaks and troughs of the price. You'd want to find its "obvious" trend direction and perhaps a little information about the "momentum" of the trend. One can find its momentum using a simple oscillator. (eWave or AIMS Wave e.g.). You can use a moving average for trend or even Elliott Wave analysis using our 10s to Elliott Wave Technique.

A Simple Trading Method

However looking at the price itself is more important. It leads to a form of analysis that is "logical" and makes sense. e.g. The most popular and very interesting way of analysis the market is looking at "supply and demand" zones or Support and resistance areas. Here you see price comes to a certain zone of price levels and it keeps bouncing off it.

If done correctly it is often a solid evidence that there is something there. That certain types or orders (whether buy or sell) sort of balance out at those levels and the opposing orders exceeds ... If we agree that prices usually trend upwards when the buyers "create a force" in that direction that outweighs the selling "forces" then that means that at any given time if prices trend upwards then the "balance" of forces is shifted towards the up side and vice versa.

So when the price reach those price levels/ a zone of price levels, where it gets stuck. We can infer that perhaps the "supply and demand" forces balance out at those levels. Now this is solid information and it can be used. e.g. if your system generates a buy signal and it happens to be just under a zone of resistance, creating a metaphorical ceiling" then it would be logical to filter that signal and wait and see whether price actually breaks past that "barrier".

Another form of trading is to simply look for patterns created by a set of indicators. Both are great but your success, longer time consistent success, would depend on your, repeat YOUR ability to remain disciplined. You can only find it easier to be disciplined, on and only, if you fully understand the method. If you fully understand the method, you understand your edge. You know the probabilities of your method. As such it would be ok to say, that you believe in your method. And why shouldn't you because you have done your back testing, and you know that the data suggest that you have a positive edge.

The Key

The key to success is discipline. And if you are disciplined and the analysis process is not too complex the chances of success increase.

AIMS The Hunt method, is the nectar of 7 years of trading experience on live accounts and interactions with several hundreds of people/traders.  The simpler the method , the slower the method, the more chances of creating "successful" traders. Period.

How to Make things Simpler and Easier

There is no need to make things more difficult than it really needs to be.

"Complex things are simple when you break them down." .......... Josh Kaufman
This is explained in more detail inside our forum. Its a method taught by Michael Douglas in his book Trading in the Zone. We adapted that concept and call it The T20 Principle. We simplify a trading method and start from there. More on this inside....