Most traders fail because of no discipline!
I was giving much thought to my last post here and all the reasons that 95% of all Forex traders lose in this business.
The first thing that strikes me is that even if you accept that many of those reasons are accurate and apply to you which they probably do so what.
How do you overcome all of the obstacles to success ?
A Plan Of Action combined with the sentence that I started this post with. "Most traders fail because of no discipline !"
I agree with that completely however say you do have discipline as one of our better traders here surely does what do you do with that discipline ?
When we think or explain something it is natural to do this from our own life experiences and our own assumptions and experiences.
That leads me to now understand better why the excellent results achieved here since 7 weeks ago on December 3, 2016, I decided to start my thread , "Money Flow Method and Risk Management" have happened.
I always knew that I could teach Forex Traders to be successful and change their mindset and in the past I had tried on some other websites however I was not ready myself to teach properly since I also had to learn certain lessons of communication and patience.
Just like KeepCalmfx and some others have reached high levels of success since December 27, 2016 , 25 days ago , I have also learned much about how to go about being more effective in teaching and sharing information here on Forex Factory.
The whole point of my post this morning is to say that once you have made the DECISION to make trading Forex a living other than a part time way of maybe making some money you are almost guaranteed great success and wealth. However that can only happen if you have the mindset and skills to control your fears and greed and ego and to open your mind completely to trade Forex as it should be traded.
That is why I always knew that unless trading Forex was taught using a $50,000 US Funds Demo Account . I could never establish if the person that I was teaching had the DISCIPLINE and the psychological make up to become part of what I call the 5% club.
One of the most important things that you all can do here is to communicate better since every time anyone here posts we all become better at what we are trying to achieve since in the end it also is about COMMUNICATION.
On that note it would be helpful and positive for myself and all of us here whether we post much or not to offer your thoughts here to be shared with everyone how you see things after the 49 days that we have been sharing this life experience. Think about it carefully because once you realize that there is really an opportunity to become a winning Forex Trader financially then it really is all up to you.
Best regards to all,
Benjaminis
I was giving much thought to my last post here and all the reasons that 95% of all Forex traders lose in this business.
The first thing that strikes me is that even if you accept that many of those reasons are accurate and apply to you which they probably do so what.
How do you overcome all of the obstacles to success ?
A Plan Of Action combined with the sentence that I started this post with. "Most traders fail because of no discipline !"
I agree with that completely however say you do have discipline as one of our better traders here surely does what do you do with that discipline ?
When we think or explain something it is natural to do this from our own life experiences and our own assumptions and experiences.
That leads me to now understand better why the excellent results achieved here since 7 weeks ago on December 3, 2016, I decided to start my thread , "Money Flow Method and Risk Management" have happened.
I always knew that I could teach Forex Traders to be successful and change their mindset and in the past I had tried on some other websites however I was not ready myself to teach properly since I also had to learn certain lessons of communication and patience.
Just like KeepCalmfx and some others have reached high levels of success since December 27, 2016 , 25 days ago , I have also learned much about how to go about being more effective in teaching and sharing information here on Forex Factory.
The whole point of my post this morning is to say that once you have made the DECISION to make trading Forex a living other than a part time way of maybe making some money you are almost guaranteed great success and wealth. However that can only happen if you have the mindset and skills to control your fears and greed and ego and to open your mind completely to trade Forex as it should be traded.
That is why I always knew that unless trading Forex was taught using a $50,000 US Funds Demo Account . I could never establish if the person that I was teaching had the DISCIPLINE and the psychological make up to become part of what I call the 5% club.
One of the most important things that you all can do here is to communicate better since every time anyone here posts we all become better at what we are trying to achieve since in the end it also is about COMMUNICATION.
On that note it would be helpful and positive for myself and all of us here whether we post much or not to offer your thoughts here to be shared with everyone how you see things after the 49 days that we have been sharing this life experience. Think about it carefully because once you realize that there is really an opportunity to become a winning Forex Trader financially then it really is all up to you.
Best regards to all,
Benjaminis
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