Don't Let Uncertainty Cripple You | Forex Blog: Pipsychology:
Be acceptance
"Bridgewater Associates, once wrote in reference to market speculation that, "No matter how hard you work, you can still be wrong."
Be prepared
The second step of reducing the risk of the unknown is to be prepared. Serious business requires serious planning.
Taking the time to study and control what you can (e.g., being aware of sentiment and upcoming news, considering all possible market reactions, controlling your max loss with stops) reduces much of the uncertainty, because you have identified and planned for the "worst case" scenario. And if you already know the outcome of your trade regardless if the market goes up, down or sideways, then how can you be afraid?
Click here to read more
'via Blog this'
