Having a profitable strategy is only a part of what makes forex the mindset of successful forex trader profitable. If you find that you’re having trouble with your trading mindset today, then this list is for you.
I have picked the brains of my fellow FX-Men and asked for the top trading quotes that have inspired them or have helped step up their trading game. Let’s take a look at the top 10! Every trade is a battle and winning battles requires preparation. Since uncertainty is the only thing that’s certain about the markets, you should learn to identify the possible scenarios and prepare contingencies for them. Having plans for every likely scenario increases your chances of closing your trades without losses. The game taught me the game. And it didn’t spare me the rod while teaching.
The best way to learn about the trading game is to play it. You can read bajillions of books, sign up for classes, and talk to a mentor for hours and hours and you still won’t be as skilled as someone who went ahead and made his first trade. You have to jump in the pool and make your own mistakes if you want to learn about the market that you’re trading. Your experiences will not only ensure that you don’t repeat your mistakes, but it will also make you trust your own judgement over the others’. The goal of a successful trader is to make the best trades. Trading, like any high-performance endeavor, requires skill, focus, and discipline. Those who are in it for the money alone aren’t likely to focus on the process of being a good trader.