Trading With Intuition is an exciting subject on its own but is a topic you wont read much about in forex websites or forex blogs.
The way I see it, when it comes to intuition, you either have it or you don’t.
This is not a “how to develop intuition in trading” post because that’s beyond my expertise. What this article is about is sharing some of my experiences regarding trading with intuition so that you can see how intuition can help you in forex trading.
WHAT IS INTUITION: DEFINITION
Intuition is a gut feel. You may call it the 6th sense. It is a process where you have the ability to know something directly without analytic reasoning or without the need for conscious reasoning.
Call it instincts if you may. It is something that ” you just know it.”
I don’t know…you just know it.
So what is the purpose of intuition? I think it exists to :
make you succeed
As I said, I’m not an expert in this thing…I’m just saying based on my experiences.
Have you read stories about people not jumping in a car or a plane or a train because they have this gut feel or instinct not to jump in?
Later they hear that the plane, train, car etc that they were supposed to jump in crashed and there were people who got injured and some died?
That’s an example of how intuition protects you.
Or have you read stories where a person had to make a choice on how to invest his money on something, say a business or investment opportunity and there were a few good options that look REALLY ATTRACTIVE but he chose one option that didn’t look good at first but he had this “gut feel” about it that it was the right choice?
Turns out later, that guy made the right choice. His investment was successful and he made a lot money on that. And those other investors that invested their money those other attractive options didn’t succeed at all.
That’s an example of how intuition makes you succeed.
Here’s How Intuition Works in Forex Trading
There will be times when I’m trading that I just know I should exit a trade.
There will also be times when I look a trade setup and I just know I should buy or sell that trade setup.
there will be times when I’m looking at a trading setup and I just know I shouldn’t buy or sell even though the setup looks good.
There will be times when I’m trading that my profits will be like $1,500 or more and I just know I have to take the profits and exit the trade.
Now, here’s an interesting thing: every time I’ve refused to do what ” I just know” is the right thing to do at that moment, things have turned into “disaster”.
If you are forex trader that have recently started trading forex, this may not be the subject you’d be interested about.
You wouldn’t have the “experience” in forex trading to know what I’m writing about.
If you have been trading forex for a few years and have had your ups and downs, you’d most likely understand what you are going to read in here.
I’m pretty sure, there have been times in the past where you had an impression or a thought cross your mind to do or not to something and you’ve seen the result of not following that or the result of obeying that.