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Saturday, June 12, 2021

The Number 1 Secret To Forex Trading Success? is...

The Number 1 Secret To Forex Trading Success? is...


The number 1 Secret To Forex Trading Success? (IT IS THIS!)

What is the secret to forex trading success? Is it the trading strategy or is it rick management? Well, all of these are important... But What I think the real secret is this: doing the exact opposite of what most traders do.

If you believe in this ration that 95% of forex traders fail and only 5% achieve forex success, then you need to understand what factors or behaviors case these 95% of traders to fail and what do you do?

Do the exact opposite of what these 95% of forex traders do. Take narrow, less traveled path, it leads to success. Take the wide path, and it leads to destruction. This is the key to success in forex trading.

What Do 95% Of Forex Traders Do Wrong?
1) inadequate funding 2) lack of proper risk management 3) over trading 4) revenge trading 5) lack of emotional control 6) no patience to wait for proper trading setups 7) no trading plan 8) get rich quick mentality 9) counting pips instead of focusing on account growth over a long period 10) cannot accept trading loses as part of the process (Note) Sure you can add a few in your mind but you get the point...

Forex Trading Success Is Very Easy Yet Very Hard To Achieve:
Sometimes I just do not understand myself. I know what to do and yet I do the opposite thing. We all know what we need to do to be successful in FX trading because we have read books, we have traded money ourselves and we know from experience what we did wrong. Yes, next trade repeat same mistakes.

Success in Forex Is To Get Your Mindset Right. Mark Douglas (books/PDFs) and FX you tube has information about trading psychology .

from TradingView Ideas
via gqrds

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