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Forex Forex Trading Success

Discussion in 'Forex Forum' started by Diego San, Jul 4, 2020.

  1. Diego San

    Diego San Member

    Joined:
    Dec 10, 2019
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    Location:
    US
    Unfortunately, most traders focus on the long-term goal of becoming a professional trader as soon as they start trading real money. The main problem is that having a large long-term goal without a realistic plan to achieve it is basically worthless. As a trader, sticking to a trading plan for one month can be a reasonable short-term goal. Then, if you achieve this short-term goal, you can get a healthy profit at the end of the month.
     
  2. Teresa Garfield

    Teresa Garfield New Member

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    Aug 3, 2020
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    Location:
    CANADA
    Forex trading is not a promise of wealth or success right away, but a slow-paced, long-term strategy. At the end of the road, it leads to success. For starters, patience is one of the key ingredients to successful FX. If you ever have the misconception that Forex enriches you fast, you need to get it from your head before you experience some serious disappointment. I am trading in forex market with [removed, pay to advertise]. In one year, I only increase 40% of my capital.
     
  3. MittalJain

    MittalJain New Member

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    Feb 7, 2022
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    Occupation:
    Sales
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    India
    we need a better plan for a bright future in trading.
     
  4. charity22

    charity22 New Member

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    Finland
    t
    this is absolutely true, I am pretty new at Forex, still trying to learn trader on Demo account
     
    Last edited: Feb 14, 2022
  5. Coffee22

    Coffee22 New Member

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    It's always wise for newbies to start off gradually with short term goals, these help build you a long term goal. One important is to start off with a small capital and gradually grow it.
     
  6. Nathan

    Nathan Member

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    This is something every newbie should watch out for, let no one tell you any different. Never make the mistake of being too hasty and expect to make it automatically or within the shortest of time. There is no holy grail in forex, you must put in the work.
     
  7. George45

    George45 Member

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    One of the biggest problem is failing to control emotions in the market, controlling our emotions is the only way we can succeed.
     

  8. Nathan

    Nathan Member

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    May 6, 2022
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    Location:
    Marseille
    One practical way to handle this is to apply the principles of dollar -cost averaging, which is all fairly easy way to maintain objectivity.
     
  9. George45

    George45 Member

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    Thanks man, I believe this is a good idea especially for those who trade crypto.
     

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