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Accept Responsibility And Receive The Control.

The outstanding psychologist, Dr. Julian Rotter has noticed that, there are two ways for understanding and interpretation of events of the life. It is possible to put down the reasons of events to internal forces, for example, hard work, talent or abilities, and it is possible to search for the reasons outside, for example, in destiny or fate. When we address to internal forces, we aspire to assume overall responsibility for result. For example, someone will tell: “I took profit on this transaction because was prepared properly, have waited correct signals and traded according to plan”. This explanation is based on internal forces. It is easy to explain the successful transaction with the help of internal forces. There is natural aspiration to raise self-estimation and to extol the ego when we win also we believe, that it occurred thanks to our talents and experience. And if the transaction is unprofitable… When we lose, probably, it was a consequence of lack of talent and skills. Such possibility is more difficult for accepting. Having faced defeat, the majority of people suddenly switch from internal forces to the external: “The market varies too quickly. I shouldn’t listen to councils of this silly analyst. I am not lucky”. It is easier to find apologies, than to take up all liability for damages. The majority of us look at the world rather selectively, putting our success down to internal personal qualities, and failures explaining to the external situational reasons. However, in acceptance of full responsibility both for our triumphs, and for defeats there are huge advantages: we get the feeling of force and complete control.

It is revealed that those who put down vital results to internal forces are better capable to change the life, than the people, aspiring to find external explanations. It is easier to them to feel force and the power. Acceptance of responsibility for the actions allows to receive complete control over the life and to make essential changes. Instead of constantly searching for apologies and to try to put down responsibility on the situation, all energy concentrates on increase in working capacity and development of new skills. Traders who don’t take up all responsibility, on the contrary, take away the most part of psychological energy to upholding before errors. Instead of cultivating exact, objective representation about the market, they easily run into constant self-defense. The accent on external occasions for losses gives short-term sensation of success, but interferes with long-term job. Through any time, skills aren’t developed, and the limited psychological energy is spent for protection of the own ego. Time and energy are spent for search of the external reason of failure. This time is better for spending to define the lacks and to develop new skills for their indemnification.

It is hard to accept responsibility, especially after the unprofitable transaction. It is difficult to see the lacks and restrictions. But, finally, you will be rewarded for temporary inconveniences at revision of the restrictions. When you will see the lacks, recognize them and will take up all responsibility, you will get force and the control.

It is vital to gather as much info about Forex as possible. Because this knowledge will help you not to lose much money on Forex trading or Forex investment.

Surely not a single piece of knowledge can be a 100% guarantee against losses, especially on Forex market, but sometimes just one Forex books can save you much money.

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