You may have heard that successful forex traders it is an experienced trader, has a high level of discipline and tenacious. Forex broker anywhere in this world surely know them. But what really makes them successful? What do they have to be successful?
What I mean by "success" here is the ability to make a profit with consistent; the main thing.
But if it refers to the opinion of a layman, success usually is
measured by the success rate and improving the quality of one's life. That is why we will first agree on the definition of "successful forex traders".
I found the definition of "successful forex traders" are "those
who do forex trading correctly and is able to achieve the financial
targets through profits earned by consistently through forex trading".
There Really Successful Forex Trader?
We have equally advised that out there there are a lot of questions
about whether a person can generate consistent profits through forex trading ? I myself once had doubts and from doubts that led me to look for evidence. I did a search even since I first became acquainted with this business in the year 2005.
The verification process takes place during the year. In the end, by the year 2006, my quest led to an answer: yes, people can profit consistently in forex trading. I'm probably the least among those who answered "yes".
Out there - I'm sure - so many people are skeptical of this business. Naturally, because they have not proved it is indeed possible. Is a sensible choice to not believe what can not be substantiated. They were able to prove and answer "yes" is included minorities.
Why they can answer "yes"?
Because they do not expect too grandiose. Remember the initial definition of "success" in forex trading: produce consistent profits. We are not talking profit as a percentage of "giants", such as 100% per month. We're talking CONSISTENCY.
Those who fail to prove it departed from the definition of "success" is different: that generate profit "giant". If that definition is clearly difficult. Trading forex is one form of business, not a "get rich quick scheme". One great if consider forex trading is one way to get rich quickly.
The assumption of "get rich quick" then that is what makes most people trade forex without well-planned. Even if planned, the plan usually will not run properly. Yes, we're talking about trading plan.
So many people are "trading" without a trading plan. Many people who had made a trading plan, but do not run it well. If it were so, boro-boro consistent profit.
So, What secret?
Sorry. Actually NO SECRET altogether. Actually, everyone is aware that in order to become a successful forex trader who first have to do is learn trading correctly, then execute trades properly anyway.
Already dozens of articles published on this website discusses about
the importance of acquiring knowledge in the right way and execute a
trading plan well too. So, it can not be called secret anymore, is not it?
Okay, there is one thing that distinguishes a successful forex traders with traders who are not successful. What is that?
NEVER GIVE UP!
The problem is, so many traders who start trading with passion, past
two-three years, then stopped so when faced with a barrage losses. The mistake is that they do not want to do the evaluation: what caused the big loss?
Unyielding attitude must necessarily be applied in all types of businesses, if you want to succeed in the business. Especially in high-risk business called "forex".
So, take heart. Do not give up easily. That is the biggest secret of success.
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