ANYONE CAN BE A FOREX TRADER, BUT FOREX TRADING IS NOT FOR EVERYONE
Listen up, if you are having problems learning how to trade Forex and you do not see any results, it doesn’t mean you are stupid! Forex trading is not for everyone. If your purpose is solely to make extra money, then it is probably better for you to leave trading to someone who can do it. Nothing is wrong with that!
You just need to find someone who can trade for you or copy trade them or even try to trade with robots! There are many ways to make money from Forex trading. It doesn’t necessarily need you to be an active trader. The only problem is to find the right people to trade for you or the right system to copy. Do your own research about it since I don’t have anything to recommend.
My passion is in the currency market and that is why I can survive. This is what I love and I plan to do this for the rest of my life. If you don’t feel comfortable trading then better you give it to someone who can do it for you. In the end, you can still make money without a headache.
TRADING FOREX IS NOT AN EXACT SCIENCE
Okay, this is also a very important principle you have to understand. We live in the world where if we make mistakes, we will be punished; where if we don’t get a good score, it means we failed; where if you don’t use the correct formula in math, the result will be wrong. Our brain has been programmed in a way that mistakes are bad. Or if you look at the way how the world works ; engineers follow certain formulas and calculations to build something , surgeons have to follow certain procedures to do surgery, or pilots have to follow all the rules to make sure they can fly the planes safely. They all follow the rules. Now imagine if they don’t follow the rules: engineers won’t be able to build something, surgeons would have failed to do surgery, and pilots would have crashed the planes. Again, mistakes are bad.
Now, in the trading world, it is completely different. Newbie traders think that if they lose money, they make a mistake. And mistakes are bad. So they will start looking for a different system, new indicators and start all over again, just to find out they will make ‘a mistake’ again and will seek a new system and indicators, again and again. They do not want to make ‘mistakes’.
In Forex trading, no matter how accurate and detailed you might be following your trading system, the results won’t always be profit. No matter how good your trading system is, you WILL experience losses. So don’t think just because you have followed ALL your trading rules then you will 100% make profit. NO! As you can see, my trading performance is not always showing profitable trades. You will see time where your system doesn’t work. This does not mean you made a mistake! It does not mean you are not a good trader! It’s just the way it is. Trading Forex is not like math, where 2+2 is always 4. In trading, you may follow all the formulas and calculations but the result won’t always be correct. It is ok taking losses in Forex trading, every trader does that! George Soros and Warren Buffet experienced some losses in their time but it does not mean they are bad traders. It does not mean they make mistakes. They have followed their own rules, it does not matter if the result is profit or losses, they just follow their rules. Losses are not mistakes in trading. This is what I want you to understand.
You cannot predict the result (profit/loss) but what you can do is to make sure that you don’t make mistakes following your trading rules. Discipline and consistency are the key!
You cannot control the market but what you can control is your action; through your system, money management and mentality.