Growing Forex Diary
Enjoying Your Trading
Friday, October 5, 2007 - - 0 Comments
Written by Jay Lakhani
At Bindal FX, we believe that 90% of trades lose money, It is not that they do not know the strategies or are not aware of the iron-clad trades that they see.
The reason most traders fail, is because of their psychology and not having a correct mindset.. In the E Course, we cover most areas of the Trading Psychology, such as Fear, Discipline, Having a Trading Plan and so on.
Every week we will cover, important areas of Psychology that will help the trader in his quest for profits.
Enjoying Your Trading
Trading requires commitment and persistence. One must build up skills to the point that a trade can be executed effortlessly, with precision, over and over again. It is essential to enjoy trading and trade because it is your passion. The profits should be less important than the fulfillment that trading offers.
You’ve got to want to trade with a passion. If you worry about profits, you’ll never make them. You will want to leave the game before you’ve really started. Sure, you can make a few winning trades, but it’s trading consistently, and over the long haul, that really matters. And that requires commitment, the kind of dedication that is rare.
Rather than considering how trading profits can change your life, focus on how enjoyable the process of trading is. It’s fun; it’s challenging; and when you devote enough time and energy to it, it can be fulfilling.
You should always commit yourself on a regular basis to learn about trading, Repetition is the mother of all skills.
Professional traders put in much less time and effort. And more important, they make huge profits, You know exactly where you stand, and that’s one of the biggest advantages of trading for a living.
Keeping this advantage in mind will help motivate you to continue improving your trading skills until you master the markets.
The only expectations you need to satisfy are your own, and you can set those expectations to suit your needs. It’s just you, the markets, and no one else. You have complete freedom, and if you can develop winning trading strategies, you will receive immediate rewards with no professional obligations. Almost no other profession offers such freedom. So when you are scouring over charts, and spending long hours honing your trading skills, motivate yourself by remembering that trading offers clear and immediate payoffs.
At Bindal FX, we believe that 90% of trades lose money, It is not that they do not know the strategies or are not aware of the iron-clad trades that they see.
The reason most traders fail, is because of their psychology and not having a correct mindset.. In the E Course, we cover most areas of the Trading Psychology, such as Fear, Discipline, Having a Trading Plan and so on.
Every week we will cover, important areas of Psychology that will help the trader in his quest for profits.
Enjoying Your Trading
Trading requires commitment and persistence. One must build up skills to the point that a trade can be executed effortlessly, with precision, over and over again. It is essential to enjoy trading and trade because it is your passion. The profits should be less important than the fulfillment that trading offers.
You’ve got to want to trade with a passion. If you worry about profits, you’ll never make them. You will want to leave the game before you’ve really started. Sure, you can make a few winning trades, but it’s trading consistently, and over the long haul, that really matters. And that requires commitment, the kind of dedication that is rare.
Rather than considering how trading profits can change your life, focus on how enjoyable the process of trading is. It’s fun; it’s challenging; and when you devote enough time and energy to it, it can be fulfilling.
You should always commit yourself on a regular basis to learn about trading, Repetition is the mother of all skills.
Professional traders put in much less time and effort. And more important, they make huge profits, You know exactly where you stand, and that’s one of the biggest advantages of trading for a living.
Keeping this advantage in mind will help motivate you to continue improving your trading skills until you master the markets.
The only expectations you need to satisfy are your own, and you can set those expectations to suit your needs. It’s just you, the markets, and no one else. You have complete freedom, and if you can develop winning trading strategies, you will receive immediate rewards with no professional obligations. Almost no other profession offers such freedom. So when you are scouring over charts, and spending long hours honing your trading skills, motivate yourself by remembering that trading offers clear and immediate payoffs.
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