20/06/2020
Become A Profitable Forex Trader
I always emphasize on this fact that making money through Forex trading is not as hard and complicated as what novice traders think. Almost all of those who start trading Forex, have a mentality and mindset from their past experiences. They “believe” that making money is too hard, because most of them had a hard time making money and covering their expenses. They “believe” they have to work long hours every day to make some money through Forex trading, because they really have been working for several hours to make money, day in day out, no matter what kind of business or job they had. They “believe” it is impossible to become wealthy, because either they never worked toward becoming wealthy, or if they did, they have never been in the right track, and they walked toward it while they believed they could not make it.
What happens when you start a new business with such a mentality? It will not work, and you will not succeed.
Henry Ford:
“Whether you think you can, or you cannot, you are right.”
Read the above sentence very carefully for few times, and think what Henry Ford was trying to say. He doesn’t say anything about what you want to do, or the kind of business you want to start. He just says, if you think you can, then you can. If you think you cannot, then you cannot.
According to Henry Ford, the first and most important obstacle resides in your own head, not outside, no matter what you want to do, either you want to start a business, or learn something new. The outside conditions are almost the same for anybody. If someone can, and someone else cannot, it is because of what they have in their minds, not because of the outside conditions. The conditions are almost the same for both. The difference is that the first person “believes” that he can, and the second person “believes” that he cannot.
Change your mindset, and you will see that everything changes around you:
I “believe” making money can sometimes be too hard in some kinds of businesses and jobs, but it doesn’t necessarily mean that it is the same in all businesses and jobs. Forex trading is a kind of business that makes money without having to work too hard.
I “believe” I don’t have to work long hours every day to make money through Forex trading. In this business, I have to be wise, precise and disciplined, not workaholic.
I “believe” I have everything to become a wealthy forex trader, because those who have become wealthy, didn’t have anything more than me. Same markets, charts, platforms, and… . I just need to plan, set my goals and start moving toward it. A wealthy person is not someone who works too much. It is someone who takes his steps correctly.
Review and revise your mindset now, and read the rest of this article when you done.
What Is the Closest Way to Become a Profitable Forex Trader?
Here is what you have to do to become a profitable forex trader. I don’t know how long does it take you to take all these steps. It can be different from person to person. But what I do know is that if you focus on the below steps, and you don’t waste your time looking for the other things (like Holy Grail), you will reach the last step very soon. But, if you keep on fooling around, and trying different kinds of systems, indicators, robots, and…, you will have to spend several years of your life without getting any positive result. The grass is not greener at the other side.
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