Currency Trading Information Channel
Creativity in Trading
"Is it important to be creative in your trading?"
I'm not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to a variety of internal and external experiences and a driving need to express one's sense of individualism), but for the most part, exactly how the creative mind makes earthshaking discoveries is unknown. A few prerequisites are necessary, though. The mind must be focused, for example. New ideas must flow through the mind freely, and there must be a wide range of ideas, so that they can be combined and re-combined in new ways. New and creative trading ideas are necessary to stay ahead of the crowd, so doing whatever you can to prepare your mind to brainstorm new ideas will help you develop creative trading strategies that are the foundation of profitable trading.
Many great scientific discoveries were made almost by accident, through a serendipitous observation. Had an untrained eye made the observation, it would have been missed. But because the scientist's mind was continuously running through a wealth of ideas, he or she saw a new discovery in a seemingly ordinary event. Discovering new trading ideas is also a creative, intellectual endeavor. You must get your creative juices flowing in order to see the next new idea. It's essential that you "prime" your thinking processes, get your mind ready to make a creative observation.
In some ways, your mind is like a well. You prime a well to get the water flowing, and once it's started, it flows continuously. You must similarly prime your mind to get ideas flowing. Various ideas in your mind are stored in a hierarchical structure. Information is stored together in a clump, depending on its meaning. When you aren't thinking of a particular topic, it's hard to bring information about that topic into consciousness; it lies their stagnant and hidden. However, when you make a concerted effort to think carefully about a specific topic, or a closely related topic, and start running through a bunch of possibilities, all kinds of new possibilities become apparent. Your mind quickly scans various concepts and ideas, almost unconsciously. Suddenly this wealth of information combines and you see something new.
For example, suppose you develop a vague trading idea about how a set of indicators may forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing. For example, you can scan a set of charts to back test and find support for your hypothesis. As you look through the charts, the information you see will prime other related information. Soon idea after idea will coalesce, and you'll make a new discovery that will serve as a basis for a new trading strategy. The main point is that you must set your thinking processes in motion to come up with a creative new idea. Some traders even suggest putting on a small trade based on a hunch in order to set your creative processes in motion. When you put on a trade, your adrenalin starts to rush, your attention starts to focus, your senses are heightened, and you suddenly change your perspective until you see new ideas. The more your mind is active, the more likely you'll make creative new discoveries. Knowing about the creative process and how to set it in motion gives you power. Some people are down on themselves because they can't seem to think creatively. But they can. They just need to know how to do it. It's vital to be relaxed and free of anxiety. But it's also essential to prime your mind in order to start the process. So when it's time to think of a new trading idea, think creatively. Set your creative processes in motion. You may come up with a big idea that will make you huge profits.
Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 47+ years include position trading of shares, and futures. He day trades stock indices, currencies, and forex. He trades futures spreads and options on futures, and has written books about it all - 12 to be exact. Joe is the discoverer of The Law of Charts?, and is famous for the Ross hook? and the Traders Trick Entry?.
Trading Educators, Inc.
The Team at Trading Educators is composed of an international blend of experienced traders, all educated and proficient in the Joe Ross methods. Our professional staff trades regularly in the markets.
Since its foundation Joe Ross and the Team at Trading Educators have taught thousands of satisfied customers who use Joe's concepts to produce significant profits in today's markets.
MORE RESOURCES updated Sat. July / 02 / 2022
The Best Forex Brokers and FX Trading Platforms in 2022 ABC Action News Tampa Bay
What are the Benefits of Currency Trading for Corporate Leaders? Analytics Insight
4 Ways COVID Boosted Currency Trading Yonkers Tribune.
10 Best Forex Brokers Australia in 2022 - High Leverage ASIC Sites Business 2 Community
4 Reasons Environmentalists Care About Forex Trading Green Prophet
Yuan-Ruble trades rise in China as easing curbs boost exports American Journal of Transportation
Latest Trends Of Bitcoin Trading In North Korea – Harlem World Magazine Harlem World Magazine
Rupee weakens to a new low; traders see currency breaching 79/$ soon Business Standard
Find out how to calculate exchange rates with Clear Currency Eastern Daily Press
CFTC Charges South African Pool Operator and CEO with $1.7 Billion Fraud Involving Bitcoin | CFTC - Commodity Futures Trading Commission
CFTC Charges South African Pool Operator and CEO with $1.7 Billion Fraud Involving Bitcoin | CFTC Commodity Futures Trading Commission
Stocks open slightly lower, continuing dismal start to year The Sun Chronicle
Form 424B2 CITIGROUP INC StreetInsider.com
Naira Performs Badly at Currency Market Amid FX Supply Crunch Business Post Nigeria
Wealthsimple review 2022 MoneySense
Bullish Japanese Yen - Peak Rates and Oil to Benefit Battered JPY: Top Trading Opportunities - DailyFX
Bullish Japanese Yen - Peak Rates and Oil to Benefit Battered JPY: Top Trading Opportunities DailyFX
Trading Support and Resistance DailyForex.com
Mastering the Forex Market Finance Magnates
Basics of Forex Trading - Part 1 FX Empire
What are the Pros and Cons of Forex Trading? RealtyBizNews
Moscow Limits Foreign-Currency Trading to Shore Up Struggling Ruble The Wall Street Journal
What is forex trading and how does it work? The European Sting
How to Know Which Currency Pair to Trade Startup.info
Forex (Foreign Exchange) Explained | US News U.S News & World Report Money
Currency Definition | US News U.S News & World Report Money
10 Best Forex Brokers for July 2022 - Trading Business 2 Community
BC: Tips for Success in Forex Trading Punch Newspapers
Is forex trading a way to make a living? Nairametrics
The Most Common Warning Signs of a Forex Scam Finance Monthly
RBI hits hard on Bitcoin, DeFi, crypto trading platforms Investing.com India
Trading Forex vs Futures: Key Differences IG International
Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) - Seeking Alpha
Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) Seeking Alpha
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million - Department of Justice
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million Department of Justice
FX trading: A loser's game? ETF Stream
What is Hedging and how can it be used in Forex Trading? Deccan Herald
Best books to learn Forex Trading from scratch Free Press Journal
Forex Trading Hours: Limitless Trading in an Endless Market The Coin Republic
How to Trade Forex TD Ameritrade
Forex Trading TD Ameritrade
What Every Australian Forex Trader Needs to Know Analytics Insight
Even the Foreign-Exchange Market Is Getting Kind of Crazy The Wall Street Journal
How To Compare The Relative Strength Of Currencies Finance Monthly
Why forex trading is not gambling Nairametrics
Russian Authorities Crack Down on Illegal Currency Trading The Moscow Times
AUD/USD Forecast: Australian Dollar Bounces Hard DailyForex.com
Currency Investing Makes a Comeback | RIAIntel RIAIntel.com
Is forex trading halal or haram? The Armchair Trader
FOREX.com Review | The Ascent The Motley Fool
Five Important Facts About Online Forex Trading In New Zealand Otago Daily Times
How Currency Trading Works Investopedia
Changing the Top Global Currency Means Changing the Patterns of Global Trade - Carnegie Endowment for International Peace
Changing the Top Global Currency Means Changing the Patterns of Global Trade Carnegie Endowment for International Peace
Regulators tighten control on China’s US$30 trillion currency market South China Morning Post
Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors - Fortune
Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors Fortune
What Is Forex Trading? A Beginner's Guide Investopedia
Analysis | How Sanctions Make the Ruble Harder to Trade or Value The Washington Post
15 Banks & Credit Unions That Exchange Foreign Currencies Business Insider
6 Questions About Currency Trading Investopedia
Jeffrey Benson launches free forex trading education to help global youths become financially free - Vanguard
Jeffrey Benson launches free forex trading education to help global youths become financially free Vanguard