Hi Folks,
This is Stallion,veteran forex trader and mentor. I would be reviewing strategic tips on how

the major currency pairs can be milked. Though I specialize in gbpusd, other pairs would

also be taken into consideration during our analysis.

It has been theorized that your state of mind will dictate your trading methods. Experts in

the field of trading psychology have pinpointed three main states of mind and how each has a

direct effect on a trader's profitability.

These three mind states are "having", "doing" and "being". Psychologists have noted that

those new to trading start with a "having" state of mind. As they gain more experience, they

move on to a "doing" state of mind. The pinnacle of profitability occurs when a trader moves

into the last and final "being" frame of mind.



The "Having" Mind Set
A novice trader may focus primarily on profits. In this "having" state of mind, they are out

of sync with the markets. They are blinded by their obsession to obtain the all mighty

dollar and what it can afford them. Trading is not viewed as a job that must be mastered,

but as a vehicle to escape from a world of mediocrity.

Many traders are in the business to make money, as well as they should be. However, if they

are blinded by greed, they tend to take uncalculated risks. Looking at the potential payoff

without carefully calculating market trends and other factors is a recipe for disaster.

It is impossible to graduate to a high performance level when you concentrate on "having"

instead of how the game is won. If you trade in a "having" frame of mind, you may become

frustrated when profits are not immediately forthcoming. With frustration comes a lack of

focus. Without the ability to focus, you cannot gain knowledge from your experience on the

trading field.

Other negative consequences of this mindset are feelings of frustration and anger.

Frustration stemming from a lack of expected profits and anger directed at oneself or the

market in general. These adverse emotions will only cause further decline in profitability.

Without witnessing gains from one's efforts, an individual may not give their best and may

be tempted to "throw in the towel".



The "Doing" State of Mind
If an individual continues on to trade another day, they will eventually move from a

"having" to a "doing" state of mind. Learning that there is more to trading than the

amassing of money, a trader will turn their focus on learning new methods of trading and

what does and doesn’t work.

This state of mind is still primarily centered on how to turn a profit. Although a "doing"

mind state is essential to becoming a seasoned adept trader, the main focus is still short

of the mark. It is crucial to know what works and what doesn't. However, a skilled trader

will tell you there is more to the business then choosing one method and using it

arbitrarily to make trades across the board.

Becoming a trader of means requires not only a winning attitude, but also a fine honing of

trading skills. To develop these skills, you must make trades using various methods under a

wide spectrum of market conditions. Only then can you develop the needed intuition to master

the art of trading.



Pinnacle of Profitability: The "Being" State of Mind
A successful trader almost instinctively knows how to make a trade using the best method

available for the current market trend and/or condition. This ability does not occur

overnight. It is only accomplished through perseverance, knowledge of various trading

methods and learning which one works given a particular market condition.

No trade is ever a "sure thing". However, a profitable synchronicity almost naturally occurs

when you are faced with a potential trade, have a feel for the current market trends and

conditions, and utilize the method best suited for a potential payoff. This "being" state of

mind ultimately lends itself to long-term success in the high stakes of trading.