Forex Forex Trading Success

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.

 

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.

 

we need a better plan for a bright future in trading.

 

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this is absolutely true, I am pretty new at Forex, still trying to learn trader on Demo account

 

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.

 

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.

 

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

 

One practical way to handle this is to apply the principles of dollar -cost averaging, which is all fairly easy way to maintain objectivity.

 

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