We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you’ve seen this pattern many times before and you just know exactly what the market is going to do, you decide to load up on positions in anticipation of the big move you know is coming. You do this because you know exactly which way the market is going to go so it only makes sense for you get in position before it happen so that you can maximize your profits. This is a great idea but there is on problem, the move you were waiting for never happens, and in fact the market moves in the opposite direction leaving you with a nice sized hole in your account. Why did this happen? It’s simple, you but your cart before the horse. Guest post from visionsofaffluence.com Look I know just as well as the next guy how sure you feel when you “know” something, but the thing you need to realize if you ever want to be a successful trader is that you don’t know anything. The market is going to move how it wants to move and when it wants to move. You think the market cares that your charts are showing a head and shoulders pattern? Guess again. You see as traders we are constantly at the mercy of the market. All of our techniques, patterns, and systems at their core are only guesses based on prior market behaviors, and if on that particular day the market decides it wants do the exact opposite of what our tools say it should then there is nothing that we can do to stop it. For this reason it is imperative that you trade what you see and not what you know. If you see something on your charts and you think you know what the market is going to do, don’t just jump in and start opening positions in anticipation of the move. Instead wait for the price action to confirm your theory before taking action. Yes that will mean that you won’t get as good an entry, but its better that than taking a loss because you didn’t “know” as much as you thought you did. If you want to discover what it takes to be able to trade for a living. Then visit visionsofaffluence.com Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Guest PostOpinions share Read Next [Video] Euro, Pound Weakness, GDP Tension and More Yohay Elam 12 years We have all been there before. You look at your charts and you see a classic pattern forming be it a head and shoulders or bear flag or any of the other well known trading patterns. Since you've seen this pattern many times before and you just know exactly what the market is going to do, you decide to load up on positions in anticipation of the big move you know is coming. You do this because you know exactly which way the market is going to go so it only makes sense for you get in position before it… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.