How do you newbies not lose your motivation? | Page 5 | Forex Factory

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How do you newbies not lose your motivation?

  • #81
  • Nov 24, 2021 5:30am Nov 24, 2021 5:30am
Nothing motivates you like the first money you receive on a real account.
  • #82
  • Nov 26, 2021 5:01am Nov 26, 2021 5:01am
Quoting Myfight
Nothing motivates you like the first money you receive on a real account.
Exactly!
  • #83
  • Dec 3, 2021 6:44am Dec 3, 2021 6:44am
It’s not easy to keep yourself motivated especially when you are a newbie, and you lose more trades than you actually win. Still the feeling that I can free myself from the shackles of a 9-5 job keeps me motivated. There is no other career where you can make a lot of money and at the same time can be flexible in your job. I love traveling. I believe that this is the only job which can allow me to travel the world and comfortably pay my bills.
  • #84
  • Dec 10, 2021 5:27am Dec 10, 2021 5:27am
Trading is fun. You think Warren Buffett and Charlie Munger are not motivated?
Love to talk on Discord: DividendGamer#1324
  • #85
  • Jan 5, 2022 1:22am Jan 5, 2022 1:22am
Quoting Varkeer
Trading is fun. You think Warren Buffett and Charlie Munger are not motivated?
The question is about newbies and not professional traders. Warren Buffett and Charlie Munger are not new traders. They have decades of successful experience and it’s rare to lose motivation when you are good at something. Lack of motivation is often felt by beginners who are losing more than they are earning.
  • #86
  • Jun 17, 2022 12:12am Jun 17, 2022 12:12am
You should not trade with your last bit of money.
  • #87
  • Jun 22, 2022 11:14pm Jun 22, 2022 11:14pm
I normally keep a copy of all the fun and good day I had on my hard drive. Every time I fell, I dig them out and it always refreshes me and set me off to a better start.

I also spent a good amount of time on the road and discover things I might like which reminds me there are whole lot stuffs outside of realm of trading and reminds me if I keep it up, I be able to do so much more and earn so much freedom and choices in my life.https://www.forexfactory.com/thread/...her-day-in-the That would be my greatest motivation to keep me going knowing there will be setbacks taking on greater and greater challenges.

Cheers.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #88
  • Jul 8, 2022 3:08am Jul 8, 2022 3:08am
Hello, I hope that in this forum I will find for myself not only knowledge, but also motivation to trade effectively.
  • #89
  • Sep 13, 2022 1:39pm Sep 13, 2022 1:39pm
Quoting TPOTrader
once you get to spend the money that you make from trading...there's really no going back. It's one thing to see your account grow, but when you actually withdraw from your account, holding that cash, reminiscing bout the days you were struggling.. that is the greatest satisfaction.
I have high hopes one day I will reach this, keep pushing and doing the work the results will come.
  • #90
  • Sep 19, 2022 3:57am Sep 19, 2022 3:57am
You may need a mentor who can give you knowledge.
It is knowledge that gives you confidence.
  • #91
  • Sep 29, 2022 7:31pm Sep 29, 2022 7:31pm
Best way I've found is to simply immerse yourself in the markets and try to make sence of it. Thousands of different ways to.do.about doing it, see what works for you and if it's working milk it dry!
  • #92
  • Nov 14, 2022 11:12pm Nov 14, 2022 11:12pm
Your patience and discipline will pay off more the more you trade.You will quickly form good trading habits if you consistently trade each day while closely sticking to your trading plan. These habits will eventually grow into great trading confidence which will give you motivation to keep going.
  • #93
  • Nov 29, 2022 6:03am Nov 29, 2022 6:03am

  1. Refrain from comparing with other traders.
  2. Have realistic expectations in your trading.

  • #94
  • Dec 1, 2022 4:21am Dec 1, 2022 4:21am
Quoting forex SF
I've been studying...and reading, and getting advice from people on FF (who are all lovely ppl, this is by far my favorite forum). and now i think i've hit a plateau or even almost started to lose interest. i'm still demo-ing, so i thought maybe it's time to open up a live account, since i heard that it's a totally different experience. i'm just scared to though. how'd you guys make the plunge?
The best way to not lose motivation or to not be burnt-out is to start off small, this is important if by starting small you aren't risking as much, yet you are still going to get the full trading experience, If you don't implement anything you've been studying or reading, the knowledge you learned isn't going to be effective. Trading is trying out things and seeing what works. So, don't get discouraged when you lose money because it happens to all of us.

What tricks are you using now to stay motivated?
  • #95
  • Dec 30, 2022 2:11pm Dec 30, 2022 2:11pm
The idea of being above average does the job for me. In 99% of cases in my country, you need a miracle to get out of the 9-5.
  • #96
  • Jan 7, 2023 5:33pm Jan 7, 2023 5:33pm
I would suspect that most lose motivation because the riches don't come overnight. We all see the "How I turned $100 into 2 million in just one week" videos, and all the videos with the girls and the lambos and many fall for it and think forex is easy. So when they put a couple weeks or even a couple months in and they blow a couple of accounts, then it becomes all frustration and they quit instead of treating it like a real business and putting in the years to really learn it.
  • #97
  • Jan 16, 2023 3:46am Jan 16, 2023 3:46am
Forex trading can be challenging for new traders, and it's common for traders to experience periods of frustration and loss of motivation. Here are a few tips to help new traders maintain their motivation:

  1. Set realistic goals: New traders should set realistic goals for themselves and their trading. It's important to remember that Forex trading is a marathon, not a sprint, and that achieving success takes time and effort.
  2. Keep a trading journal: Keeping a trading journal can help new traders stay motivated by tracking their progress and identifying areas for improvement.
  3. Learn from mistakes: Every trader makes mistakes, and it's important for new traders to learn from them and not to let them discourage them.
  4. Stay informed: Staying informed about the markets and the latest trading strategies can help new traders stay motivated and improve their trading skills.
  5. Take a break: Taking a break from trading can help new traders refocus and recharge their motivation.
  6. Join a community: Joining a community of traders, whether it's a local trading group or an online forum, can provide new traders with the support and motivation they need to succeed.

It's important to remember that Forex trading is a challenging endeavor, but with time, effort, and perseverance, anyone can become a successful trader.

Knowledge IS Power
  • #98
  • Jan 16, 2023 11:35pm Jan 16, 2023 11:35pm
When newbies see they are losing consistently, they lose their motivation. So, I always suggest traders to avoid over-trading. Use a regulated broker for better trading.
  • #99
  • Jan 18, 2023 4:17am Jan 18, 2023 4:17am
Quoting Akila105
Forex trading can be challenging for new traders, and it's common for traders to experience periods of frustration and loss of motivation. Here are a few tips to help new traders maintain their motivation: Set realistic goals: New traders should set realistic goals for themselves and their trading. It's important to remember that Forex trading is a marathon, not a sprint, and that achieving success takes time and effort. Keep a trading journal: Keeping a trading journal can help new traders stay motivated by tracking their progress and identifying...
Hey, why u using CHAT GPT to generate this text?
Hello.
  • #100
  • Jan 19, 2023 12:20am Jan 19, 2023 12:20am
Quoting Akila105
Forex trading can be challenging for new traders, and it's common for traders to experience periods of frustration and loss of motivation. Here are a few tips to help new traders maintain their motivation: Set realistic goals: New traders should set realistic goals for themselves and their trading. It's important to remember that Forex trading is a marathon, not a sprint, and that achieving success takes time and effort. Keep a trading journal: Keeping a trading journal can help new traders stay motivated by tracking their progress and identifying...
I have been keeping a trading journal since I first started out 9 months ago.
It's always good to record every single instance that you notice even when you trade, looking back at it from time to time will always remind us of what mistakes we have made and it helped me to clean up my selection of trades.
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