Forex Trader

Be always hungry for winning trades and don’t think on your previous loss.

Many traders think only about perfect statements, how to present that on other traders, but much more important is to make money on your account. Money first, beauty second! 😉

Discipline in trading must be at 100%, there is no other way!

The most important thing in profitable trading is your mind, not technical analysis, neither the risk and money management or something else.

By this I mean that the market is changing every single day and is’t uniqe on each hour. It could go anywere without any particular reason and that’s why you must be aware that there is no guarantee for direction, up or down. That’s why I would put it exactly as it quote says: there are no rules in forex.

Sometimes, when you lose, you will be angry on everything, on everybody, on yourself. But, what makes me happy is trading and I forget everything bad what happens in a matter of hour. I simply love trading, no matter what! You must love this job, otherwise quit trading.

This is not only for entry, but for closing the position as well. You must react on time and that’s what is the most important in between your decision while you trading.

It’s essential that you do this, to stop trading when nothing goes well and it will happen. You must detect ‘the point of no return’. By this I mean on certain amount of loss which is acceptable for you to continue trading normaly day or week after. Beacuse, if you lose to much, there will be hard to return, maybe

You can’t ignore your mistakes and you must work on yourself. Mistakes are usual part of each day in this job and it’s normal to make ones, but you must be aware of the most dangerous ones and improve them. If you ignore them, you will never learn how to make money on forex.

If you don’t have enough patience, loss is inevitable. I mean, I know that forex market looks like there is opportunity on every and each minute, but the real opportunities are rear and you can catch them only if your not in position. That’s why be calm and patient, wait for the right one and when it comes, take it!