Consistent forex profits

Many people think that success in forex trading depends on the strategy they use. That's not exactly right. In fact, the basis for the success of forex traders is psychology and the way of thinking when trading.

Many web sites offering magical indicators and robots that will make you millionaires for several months actually create a false believes of ​​the forex market. This in turn will unconsciously force you to chase big profits quickly, which will probably lead you to a loss of the entire account and disappointment.

Before you start trading forex and build your strategy, it is best to prepare your mindset in advance to learn and gradually increase your portfolio. The path to long-term and permanent profits is based on the following main points:

1. Discipline - quite repetitive and sounding even trivial, but without iron discipline, you will not be able to earn constantly and evenly on the forex market. You need to know that trading is based on long-term probabilities, which are repeated at a certain frequency. The important thing here is to keep your discipline and adhere to the plan and strategy you have built, preventing your winning or losing trades from affecting emotionally your decisions.

2. Mastery - you must know that no matter what your trading strategy is, you must master it to perfection. You need to know every detail of your strategy and apply it equally on the market without doubt and questioning. You must be a "sniper" and, in the coincidence of your criteria, apply your strategy without fear that you may suffer a loss in the certain case. As Bruce Lee said, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." and in trading as well you have to apply the same strategy repeatedly.

3. Risk Management - You need to measure the risk of each deal. You should not allow emotions to determine your participation in the market and have the pretense that you may lose. Losses are, in fact, quite common and inevitable, but professional traders have net expectations of profit rather than expectations of a particular deal.

4. Plan - If you want to earn consistently and long term in the forex market you have to be well organized. You must have a plan and a trading book in which you can consistently account for all your deals. Invest with your calculator instead of your emotions. This will gradually build the necessary confidence in dealing with the market.

In conclusion, keep your thinking in the market in the right direction, do not give up constantly improving, managing and exercising your emotions when it comes to trading.

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