forex is best

When you trade you are competing with millions of other traders, investors, and institutions for profits. It is similar to being an athlete, and all athletes must have coaches to

continually push them to higher levels of achievement through motivation and goals. With out the right coaching, careers stagnate and even go backwards. The beauty of thi

book is that it teaches you to coach yourself. The author is a trader and psychologist, and he coaches professional traders. His goal with this book is to teach his

readers how to coach themselves to success with the same techniques he teaches the pros to use.Here are some of the gems of wisdom you will find in this book:

.your losing trade is never a total loss as long as you embrace it and learn from it."
"When we're most frustrated, but also most overconfident, we're likely to make our worst decisions and violate our trading principles."

"..confidence comes from self-mastery."
"A good day is one in which we follow sound trading practices, from skilled execution to prudent risk management."
"Your focus becomes one of trading well, not one of making money."

"To best focus on any single performance, it helps to be diversified among performances.""Positive thinking is not necessarily optimistic thinking, it is constructive thought."

"...good risk adjusted returns are better for the psyche than extreme patterns of returns. It's not how much you make, but how much you make per unit of risk taken that will keep you in or out of the performance zone.Read

The first time I met Dr. Steenbarger was in the smaller conference room of our proprietary trading firm in NYC. We were finalizing our training program and wanted the best teache

that we knew to review our work. He wasn't being paid, he was just a trading coach offering a helping hand. As Dr. Steenbarger offered his critique I was humbled by how much I still needed to consider. There was more work to be done.

I have traded my own account through the Asian Financial Crisis, the Tech Boom, the Internet Bubble, 9/11, and the recent near collapse of our banking system. Today I run SMB

Capital, a proprietary trading desk. Yet TraderFeed and Dr. Steenbarger's writing is still essential reading for me. The Daily Trading Coach is no exception. It is simply a must read for the new, developing, and experienced trader.

As John Forman has done I should disclose that I am a proud contributor to the book. And I must admit my favorite part of this book is when Dr. Steenbarger makes fun of me for my overzealous contribution. Hey I was just trying to help

When I first started my trading career in the late 90's you learned through osmosis. You sat next to an experienced trader and when they had time (if they had time?)

discussed their trading. The market is more complicated than when I began and this model frankly is outdated. One of the new techniques you must master is how to coach