A Message From the Forex Trader's Wife...

August 22, 2009 by FXWife

To start, as a FOREX Trader’s Wife I will be so bold as to speak for all those who fall into my category; those who are the husband, wife, partner or significant other of a FOREX Trader, or stocks/options trader as well. This message could really come from anyone who has intimate knowledge, of who you are, someone who is personally invested in your life and well being. This message may seem simple, and easily dismissed; but, it is very important for you to understand. So here is to hoping that you are both open and receptive to what we are about to say to you.

WE KNOW MORE THAN YOU THINK WE DO !

Admittedly, we are clueless, for the most part, when we look at all those fancy charts of yours. No, we may not know exactly what a Bollinger band is, or the importance of a stochastic cross. Nor could we possibly fully embrace the elation felt when seeing a carefully planned, successfully executed trade run to its fullest potential without drawbacks; also, it is beyond our scope of understanding to clearly empathize with the horror of knowing that our capital account has just taken a severe hit due to our inability to let go of a trade that has clearly gone to hell in a hand basket. However, what we do know is you, both inside and out. The good, the bad, and the ugly, we are intimately in tune with who you are; and we are able to read those small non verbal cues that let us know what you are experiencing.

YOU ARE NOT IN THIS ALONE!

Seriously, do you think the weight of the entire world is on your shoulders alone? We are in this with you, so have a bit of consideration and communicate with us. We know when you are having a great trading day; more importantly, we know when you are having a bad trading day. Honestly, it is no secret when things are going poorly for you in the market, so if we come to you and offer you a word of encouragement, or support don’t go dismissing us arbitrarily, it may be just what you need in that moment of self loathing and self doubt. Every now and then we understand the importance of a strong dose of confidence boosting and how it can help to realign you with yourself and your positive attitude. Conversely, we also know when it is time for a good swat on the back of the head to bring you back down off that cloud your floating on. That is our job; we are here for support and understanding; as well as harsh truth and straight talk.

SO HOW ABOUT A LITTLE TRUST ?

Trust that we are not going to judge you when you mess up; also, trust that we know when the time has come for you to step away, and heed our advice and step away. Trust that we will be open to your need of reinvestment capital when you have a devastating trading day. However, trust that when we ask you what you are going to do to improve, that we are only looking to help you move forward and not dwell on the previous mistakes. In return, we will trust that you are working confidently on always doing the best you can with what is admittedly an extremely difficult profession. We will trust that you are not holding back any bad news from us that will hit us like a steam roller when you hit rock bottom.

TOGETHER

Together we will always be stronger and more confident than we are on our own. Together we can make this journey a joyful and profitable adventure.

Together we are in this for the good and the bad. Now let's make some pips!

SmartPip.com blog introduction and purpose...

August 9, 2009

Hello everyone!

My name is Chris, and I am a full time currency trader in the FOREX (Foreign Exchange Market). I began trading in September 2005, and had quite a tumultuous beginning to my Forex career. It was not until I battled the emotional demons within that I was able to realize consistent success in the Forex marketplace. It does not take one very long to realize that this trading business is a far more involved, intricate, complicated, and challenging endeavor than most take it for when first introduced to it. Forex absolutely demands your complete commitment if you wish to ever have any hope of long term success.

With that said, me and my wife chose to start this blog at SmartPip.com. I have lived through a lot (and so has my wife), first bad, then fantastic, in the Forex world. I have now been a full time Forex trader for three years or so since posting this introduction. I plan to use some of the growing pains I went through to create in-depth articles along with my wife, who is far better at wording my thoughts, that might help others avoid the some of the same pitfalls I endured. Forex is a lonely business, you need to know you are not the only soul on the other end of that chart you are looking at. Also, I wish to share many of the fantastic resources out there that helped me along the way. All in hopes of helping, even if only a few of you potential traders out there, find your path to success.

Hey make no mistake about it... Forex is HARD, and you must commit long term to make it work. There is a reason most people lose in this business, they do not put in the necessary time and work to get through to the other side. This blog will NOT be here to 'Teach' you how to trade Forex, nor will I go over any specific trades, or methodology. There are more than enough resources on the internet, and in print, to fulfill that need. Consider SmartPip.com more as an inside look of a full time traders mindset, good and bad, over the course of several years, for you to possibly connect with and relate to.

I do hope you will gain some help from what we post on this blog in the future. I cannot promise extremely regular intervals of updates, but I will promise that everything that is posted will be of value to a 'real' trader.

Best Regards,

Chris