Golfers get the yips – darts player get dartitis…

General over-analysis is one thing – too many indicators on a chart, too complicated a system, with too many ifs and buts in it – and common enough when you’re starting out learning about forex.

But what can happen after a while, maybe when you’ve been generally successful, had a few nice winning trades, but also a few losers, bigger than you’d like, is that you just don’t want to click that trade button. Call it overcautiousness, fear of failure, whatever.

You know the trend was going bullish – but you couldn’t place a buy order. You hesitated, waiting for extra confirmation, another indicator to give a clear buy signal – and then the moment passed, the market moved – and you’ve missed the boat, never got filled.

First – everybody has losing trades, sometimes three in a row. And nobody is totally keen on losing green. You have to tell yourself that. But it does knock the confidence, you wouldn’t be human if you didn’t deflate you a little.

Sometimes the best way round this is make it part of your system to pick your indicators for their signals, and when the time comes, say yes, two confirmatory signals, I trust my system, I won’t think about the negatives, I’m going into the market -and if you’ve got this issue in the first place, you’re not likely to be the reckless type.

Dont overanalyze the actual trade. Make the trade and then manage the trade. If it isn’t a winner, get out of the market – and see if you can learn any lessons from it and move on. But you don’t get anything if you’re not at the table in the first place.