As a follow up to my post yesterday sometimes discipline can be a heart break. I really, really, wanted to take the pound short after it screamed away. And it would have been a good trade, but it did not follow the particular trading style set out for my project.

And that is the great thing about using the forecasts and keeping emotion out of your style.

I am starting to write my comments on the forecasts before they actually come out so I won't influence you on your trades. The whole premise of the forecast is to do the following:

1. Create an environment where you can fast track a trading style that is consistent and profitable.
2. Develop a money management style that allows you to seek out winning trades, and cut your losses with losers.
3. Develop an eye for relationships between currency pairs, and patterns that present themselves in this relationship. (Last night was a classic example where there was a weak signal for most of the currencies to go down, yet they went opposite at the beginning of the evening, then retraced and hit the lows) Time will expose many such high percentage relationships in the forecast.
4. Have a life.

I truly believe that you have to have a passion for the Forex to be successful with it. It is not unlike a great hobby that you enjoy doing. In the beginning it can be a source of information overload, frustration and humility, but like riding a bike, pretty soon you can take the training wheels off.

Many people rush in too fast. Sometimes life pressures create an environment where you try too hard to use the Forex as an escape from some financial stress and this backfires.

The Forecasts take some time to master. For those of you who have been with me for a while, you can see how consistent they are, and with the right attitudes and the ability to experiment they can truly enhance your trading experience.

I have actually had to turn away a few potential subscribers because I could sense they were looking for a crystal ball and a get rich quick scheme. I am sorry, but you won't find that here.

You have to be proactive as you are your own worst enemy if you don't practice, practice, practice.

Use the information provided to you, try scenarios before using this info live. Do the following:

1. Print off the forecasts and keep them in a bundle.
2. Every night prior to receiving the forecast highlight the currency pairs hi and low and if hit, and if the direction hit or came close.
3. Study the past 3 or 4 night's forecast and take note of what is happening to the direction and strength. Is it strengthening, getting weaker, missing the target, hitting the target etc.
4. Learn to use my chart set-up. It is very simple and it can warm you up and prepare your mind for the forecast. All I do before the forecast comes out is quickly scan through the charts and put an up arrow, down arrow, or sideways arrow beside the currency pair (I use the previous nights printed forecast as a handy list.

This preparation takes at most 10 minutes. You are then focused when the forecast comes out. Very simple really.

Hope this helps!