Forex trading is not difficult. But only if you do everything the right way!
In fact, if you’ve been studying Forex for a while, surely already know what you need to do.
However, the real challenge is not to know what to do already do it right.
Let’s take a look at what pro Forex traders do to make a very comfortable income from home …
1. They are not trying to predict the market
Professional Forex traders know this I can not predict the market. And if you don’t have some kind of psychic power, neither do you.
What successful Forex traders also know is that you don’t have to be able to predict the market to profit from it.
Forex trading is a game of probability. To win it, you need to make sure you have a system in place that allows for bigger wins than losses in the long run. Which brings us to the second point …
2. They have an established system
Forex traders are not gamblers. They don’t get into the business just because they feel they will go the way they want to!
Instead, Forex traders use their experience and data to create an accurate system that allows them to know when:
-enter the store;
-exit from the store;
Please note that everything is preset. They already know the conditions under which they will leave the store. Most importantly, they always follow their rules.
Intelligent traders build very precise and rigid systems, helping them not to leave emotions out of the way!
3. They leave emotions out of trading
You’ve probably read about this before. But do you really trade without emotion?
Emotion-free trading basically means that you simply follow your system, even after a series of losses.
Emotion-free trading also means having control over yourself all the time and never switching to “gambling” because you “feel” the trade.
Successful traders never look forward to winning trades. They rejoice in the cause (system) of victory!
4. Understand the value of experience
Most wannabe retailers are looking for a magic system that will enrich them overnight. And if they can’t make a profit in the first month of trading, they stop, claiming that Forex trading is just a scam.
However, at the moment, they are traders who make very big money day by day. Why?
Because they learned from experience. They adjusted their trading and over time progressively managed to make a profit.
They realized that loss was part of the game and their experiments were necessary to grow into professional traders.
5. They have realistic goals
Linked to the previous point, most traders want to make millions in a few months, starting at $ 1,000. That will not happen.
A successful trader knows what he is capable of doing and adjusts his goals accordingly.
Of course, from month to month, from year to year, he increases his goals, the more he learns and improves his system.
In fact, at the start, a Forex trader should not be worried about the money earned, but about the return on investment he is able to make.
It is much better to earn $ 120 with an investment of $ 1,000 (12%) than $ 200 with an investment of $ 10,000 (2%)!