Discipline and Market Psychology

Discipline is required to birth habits and routines. What you do routinely, you perfect. A typical example is learning to walk. When you first began to walk you never imagined running but today to do. Right? Now, you do marathon, sprints and now you even want to believe that you are Usain Bolt. Wow! Have you noticed it wasn't like that at the beginning? You staggered, you fell many times but you got up. You kept on practicing how to walk. Today you have mastered your act of walking.

The same is true of forex trading. Currency trading demands that you have a plan. Focus and discipline of purpose could help you to co-ordinate your trading successes. You can't have it any other way. You discipline of purpose is important to your trading success. Actors and actresses train to master the simple things. Doctors learn too to master the simple things. Have you every asked yourself why? At first, it might seem monotonous but doing the same thing over and over again birth consistency and help to build confidence. Somewhere in the midst of that confidence, your genius will emerge. When I first began I felt the boredom of sameness exhaustive. Today it makes my trading far easier to understand.

You build discipline to help you go through times you may not feel like trading. You build discipline to help you identify moments of great opportunities especially when market ranges. In these difficult times winning become far-fetched in forex trading. But if you have a discipline in place you can still make handsome gains. If you never studied the market consistently those moments of opportunities would pass you by as they came. In fact, your ability to recognize those times is what changes your life for the best.
Trading forex profitably is not so much about what you do when its good times for everyone. But what you did to win when most traders could barely make gains is what sets you apart. It doesn't take Einstein to win consistently, but it takes a disciplined approach to trading. I have had many of those inspirational trading moments and the rewards were magnificent. You have to identify them to be able to trade and capture them. It is an impossible attempt if you have not been trained for it. This is why many lose in the market place. You could avoid becoming part of those statistics by doing things the right way.

Finally, to make any significant amount of money from your currency trading, your focus should never be on money even though that's your ultimate goal. But this should be canceled immediately. Zero your focus on becoming an excellent trader. If you could succeed in making that your priority, money would chase after you in abundance. To lead a life of independent you must first learn to think independence and freedom within you. Only when you see that image within, re-lived it over and over again could your reality manifest. To be an excellent currency trader you must first be one within. At this time when employment, job and long term investments seemed to be dwindling fast, learning to trade currency from the comfort of your own home seem a viable way of raising your income level. Don't be crushed by the punches of the economic crunch. You could still rise above the waters of these present times. Have a great day of trading.


[SigmaForex Withdrawal Methods]

To withdraw funds from your account Please make sure that you have sufficient funds in place to cover the the necessary margin required for your open positions, after your requested withdrawal.

No requests for transfers to persons other than the account holder will be processed.
SigmaForex may require further identification or documentation in order to complete your request.
Please Note that transfer fees and bank charges may apply, and depend on the form of transfer.
Please note that we try to process the withdrawal request quickly. However, it may take up to 5 business days, depending on the method of transfer.

Your withdrawal from sigma account will be in an efficiently, secure and fast, you can withdraw money from your SigmaForex account at any time.

Withdrawal steps:

1. Login to your web account
2. Choose your withdrawal method
3. Fill the withdrawal form and write down the withdrawn amount

Technical analysis

Technical analysis is concerned with predicting future price trends from historical price and volume data. The underlying axiom of technical analysis is that all market fundamentals (including expectations) are reflected in exchange rates.

The art of technical analysis is the discernment of trends using tools such as:
• charts: line, bar and candlestick;
• support and resistance levels which reveal the historic upside and downside of the currency pair;
• channels and triangles, which plot the historic trading range of the currency pair, and flag up potential ‘breakouts;’
• indicators, which measure moving averages and momentum oscillators which purport to tell you where the weight of trading is taking the market to and when.


[SigmaForex Trio Contest]

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Nothing comes between us and you, we rely on your business; therefore, you can rely on ours, which means that we will be working hard on our behalf to make certain of your success.

Reliability Is Natural For Us, Our Services and Products Natural For You.

We care to make you feel secure with us, and that is a priceless service that will bring in continuous benefits for both of us. Which is why we have created the Trio contest, it is the First and the Only Tri contest in the World wide Financial Market called Forex.

TRIO Contest divides into 3 Main contest stages,

1. Elite Competition
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SigmaForex LTD Registrations And Regulations

SigmaForex LTD is leading European professional online trading Brokers registered in the United Kingdom and most of the EU countries.

What is meaning by registered?

means that there is a company called SigmaForex LTD inside united kingdom & registered by United Kingdom Law & follow the governmental rules.

SigmaForex LTD registered & follows the governmental rules in United Kingdom and anyone can check that by visiting this official website: http://wck2.companieshouse.gov.uk/ this is a UK governmental website.

http://wck2.companieshouse.gov.uk/d8846c7fe805874be7c646b1ed4f10ce/companysearch?disp=1&frfsh=1216759237#result this is the full link where you can find SigmaForex LTD with the registration number.

SigmaForex LTD Regulations:

SigmaForex LTD working now to be regulated with FSA (United Kingdom Financial Service Authority) but now SigmaForex LTD is complying with FSA and many financial authorities like NFA, CFTC, FSC and others.

Why SigmaForex LTD not working in the regulation of NFA?

Most of Traders ask this question and it's a common question for any broker. Here's the answer; NFA (National Future Association) regulate the Financial Companies that based in United State and have Future Trading. SigmaForex LTD not inside United State and doesn't has Future Trading. But NFA rules are compatible with the rules that SigmaForex is following and you can check with your self.

Complying: Means that this company follows the rules 100% and meet their regulatory obligations efficiently.

Dear Trader, you must be involved and know the difference between FSA and NFA. Many Forex Brokers inside united State not regulated by NFA because they don't work with Future Trading but they are complying with them & follow the same rules as the Forex broker that regulated with NFA.

Forex Broker Regulation - Part One

What good is forex broker that you can trade and make money with, but when it comes time to take your money, they don't give it to you, because they don’t have it?

Forex Broker Bust Story. Refco was the biggest forex broker that was worth around $4 billion dollars. In October of 2005, Refco shut down its operations and every trader who had money with them got screwed big time.

Refco was regulated and for some time they were spending not only their profits but also deposits of their clients.
The amounts of money that traders saw on their trading platforms and the amounts of money Refco had in their bank accounts were different by $400 million.

So when the news hit the wire that Refco is running at such deficit, traders panicked and started asking for withdrawals. The only problem was that Refco was $400 million short of what it owed to traders.

There was a trial of course, and whatever assets the company had the court ordered to distribute among traders. I knew some people that had money with Refco. As far as I remember, after all assets were sold they got around 10% of what was owed to them. That means if person had $10,000 in his trading account, he got only $1,000 of it.

Forex Broker Regulation - Part Two

Difference Between Regulated And Complying

The Most Common Question that traders ask brokers is:

"Are You Regulated by NFA?"
"Are You Regulated by FSA?"
"Are You Regulated by CFTC?"
"Are You Regulated by SEC?"
"Are You Regulated by SIPC?"
"Are You Regulated by FINRA?"
"Are You Regulated by Mr.X?" :)

No, Don't Ask this question because there are many fictions regulations. Don't Be The Fish!
The Right Action to take is to compare between the rules and restrictions of the regulatory associations and the rules that the broker follow.

Complying With FSA means that this broker working in the regulation process and follow all the rules that the regulatory body has.

Regulated By FSA means that this broker already regulated by FSA & may Follow the rules.

Why?
NFA, FSA, CFTC, SIPC, SEC, .....etc all of these associations are private sectors in the origin. The Main Aim is to Collect as much brokers as they can to increase from their popularity beside the governmental associations
Do You Know that FSA, NFA or others charge Millions Of Dollars to authorize the regulation of brokers. All these money are distributed as following;
1- Part For The Tax Authority
2- Part For The Private Sector
3- Part For Governmental Sector
Some Brokers Play with these rules after paying all of these parts and it's time for scamming.

Don't Take Your Decision After The 1st Impression
Test The Services
Test The Trust
Test The Security
Test The Attitude
Test The Credibility
Test The History
Test The Quality
Test The Speed
Compare With Others
The Take Your Decision!

Forex Broker Regulation - Part Three

The difference Between NFA (National Future Association) And FSA (Financial Services Authority)

NFA [National Future Association]:
To Be Able To Register in NFA you must have the following:

1. You Brokerage Firm Based in United State
2. Working in Futures
   

These two rules are basically must be there to be able to regulate with NFA

FSA [Financial Services Authority]:
To be able to register with The FSA your brokerage firm must be exist & based in United Kingdom

Question: I have a brokerage Firm in United Kingdom. Can I register with NFA?
Answer: No You Can't. But If you have branches in USA you can do it

Question: I have a brokerage Firm in USA. Can I register with FSA?
Answer: No You Can't