Hello. In this article, I'll explain how you can be sure you're meeting your trading goals and expectations and coming out successful! Trading can be tricky, that's why I myself am wondering all the time, am I doing a good job trading?
First of all, I would suggest you make a couple small daily goals that you want to accomplish throughout your day. Also, keeping a trading journal is so important and will help you in your future trading journey forever. I love how you can always refer back to your trading journal and check what went wrong, what you could have done differently, etc. You can ensure you're doing a good job trading by knowing and not wavering from your strategy and system, and having it well-researched and foolproof. If you can consider yourself well-centered emotionally, then you already have one of the most essential qualities every trader must have to succeed.
Emotional stability is the key to discipline, and the most common cause of a trader deviating from their strategy is a response from a loss or gain. Both overconfidence and fear are fatal to quality traders and their strategies. One thing I love to do when I’m feeling unsure of my performance or decision to trade in general, is to browse through some of the Trader on The Street videos. These videos always give such great insight on what a first-time trader is experiencing emotionally, and it’s a bonus treat to watch Shawn Lucas guide them to a victory trade and expertly explain his role in the market.
The end goal is to remain in control of your emotions. If you're in control, then you have a better chance at avoiding any account blowout. If you notice you tend to trade impulsively and reactively, you'll risk allowing emotions drive your trades into the ground. As a trader, you have to be willing to accept the inevitable losses you'll face to become successful, and not panic. Knowing your tools and charts will help you execute your target trades and allow you to read the market clearly. If your trades in your demo account have remained consistent, and you'e been winning more than losing, you're on the right track to becoming funded successfully. The more time you spend in the Forex market simply because your passionate and intrigued, gives you that much more of a chance of success. Genuine interest and passion is what keeps you motivated, driven and enthusiastic, which is on the road to success if you ask me!
All of these points can be countered and defeated with hard work and dedication. If you think you have some or all of these traits, I believe you have what it takes to make a living for yourself in trading Forex. If you’re still feeling unsure about your future with trading Forex, I suggest watching some of the Trader on The Street videos because to be honest, these videos gave me a tingle up my spine, and are what inspired me to give my all to trading. I can’t explain the genuine excitement these first-time traders are experiencing with Shawn Lucas beside them, and how easily he is showing them what's possible. I hope this helped you feel more secure in what you’re providing for yourself as a trader, and if it caused you to think you can do more, I hope it inspired you to do so! This is YOUR trading journey. Take control of those reins and steer it down the path you want paved before you.