Hello fellow forex factory traders...
Just joined this forum and noticed how most of the threads are about systems and strategies... almost too much information!!!
So I thought I'd start my own thread on what I think the most important part of forex trading is....... Mindset.
Traders don't fail because of strategies that don't work, the majority of the strategies out there are winners. They fail (I hate that word) because they don't know how to handle losses, and also the winnings. I've been there...
When you lose... smile... take a deep breathe... analyze any mistakes which you may have made so you don't make them again. Any hey, sometimes u just gotta accept that the market doesn't always do what its supposed to do!!! lol.
When you win... pat yourself on the back and do a few star jumps lol... whatever makes u happy.
A quote which I read from someones post sums up the mindset of a successful trader....
PATIENCE + DISCIPLE - GREED = $UCCE$$... :-)
Happy trading all.
Just joined this forum and noticed how most of the threads are about systems and strategies... almost too much information!!!
So I thought I'd start my own thread on what I think the most important part of forex trading is....... Mindset.
Traders don't fail because of strategies that don't work, the majority of the strategies out there are winners. They fail (I hate that word) because they don't know how to handle losses, and also the winnings. I've been there...
When you lose... smile... take a deep breathe... analyze any mistakes which you may have made so you don't make them again. Any hey, sometimes u just gotta accept that the market doesn't always do what its supposed to do!!! lol.
When you win... pat yourself on the back and do a few star jumps lol... whatever makes u happy.
A quote which I read from someones post sums up the mindset of a successful trader....
PATIENCE + DISCIPLE - GREED = $UCCE$$... :-)
Happy trading all.