Just as we sensed the ease of Covid after the pandemia, the Omicron mutation came over us. Instead the fear in the financial markets has increased. Uncertainty is a factor more valid than ever. The result can very well become a state where investment decisions are exessively driven by emotions. With increased volatility the expression – “keep calm and carry on” – is advisable to follow. Thus, to strengthen your discipline in trading is more important than ever.
Sudden changes started to happen when I realized that the market is not against me. It is not there to be opposite of my market entry decisions. The financial markets is there for me to take benefi. Everything based on a properly based trading strategy. Likewise, the famous Norwegian explorer Roald Amundsen once said “You can not fight nature, you just have to play along with it!”. The analogy can very well be adopted by anyone related to financial trading.
As a consequence; in spite of global restrictions, the market conditions are still what we have in front of us. Adapting your trading strategy should be the key to continued success. Not predictions or assumptions what we think tomorrow will bring. In the end of the day, honesty is a part of discipline. We frankly do not know exactly what the next minute or second will bring. However, we know what the recent market history has been like. It can give us a fairly good outlook on where the next movements will come.
The best way for continuation is not to be found on the news in itself. It is not related to wearing a facial mask in itself (which in any case is a matter of common sense). The best way to commence in financial trading is to accept and understand what we have. to take precaution that conditions might change rapidly anyway. Unpredicatability is all a part of it.
Many Forex traders are thinking “… when things come back to its normal state”. What if what we experience as our “normal state” is not coming back? Then, understanding what we have is your key issue. Why do you trade Forex? Assumably to create profit and potentially a Forex trading lifestyle. Have your opportunities for doing so increased by now? Only a redefinition of your trading strategy and discipline for trading can tell.