First, let me start this article by saying “an inspirational quote a day can keep the negativity away!” Reading inspirational quotes can help anyone having a down day and if you try to make reading inspirational quotes a daily habit, it's far easier to keep a positive frame of mind when something in life happens. And knowing how life is, a trial of some sort is bound to happen, often. It might be a case of road rage, (I suffer from road rage myself and completely understand!) someone shorted you the wrong amount of change, it could be a loss of your job, social media rage, a loss in the market, etc. Everyday annoyances and trials have a lessened negative pull if you instead focus on the positive inspirational message. If you have been trading the currency market, then you know it can be very fruitful, although traders that have been trading professionally for years have days in the market of total losses. So, it's natural to wonder how they can continue to keep not only making money but keep their spirits up when they have these losing days. As a trader myself, I keep quotes pinned to the wall that I can see when I’m trading.
Trading Forex has attracted many people with the idea that trading is exciting and exhilarating in many ways. Trading has many opportunities of the market being fast paced and volatile, but it also has times where it's slow and feels almost like it's dragging on. It’s hard to keep your motivation and excitement up when your not making money at times, and it feels boring to be honest. In order to be successful as a trader, you need to stay engaged. I've put together some things you can try to keep your motivation levels up and your excitement as even paced as you can when it comes to Forex trading.
Just because getting into Forex is easy doesn't mean that your due diligence can be avoided. Learning about Forex and understanding Forex is so important for your chances at being successful. The majority comes from experience and live trading but even with as much practice as possible, you can't be perfect because the market is unpredictable.
Having goals is an important part of achieving success in anything and helps you stay focused on what you want to accomplish. When learning to do something completely new to you, it’s hard not to be overly optimistic and get carried away with all the possibilities! It's important especially as a beginner trader to remember that the goals you set for yourself should be realistic so you can focus on the goals themselves and not apply too much pressure, causing the goals to fail completely.
Failure is bound to happen in your trading; not failure in that trading will not be a viable outlet for income, but failure in that some trades will lose. This is not something to be deterred by. No trader is perfect, trades are always lost. George Soros, Shawn Lucas, and Warren Buffett have all had a trade lose at one point or another. As the phrase goes, “It’s not how many times you fall that matters, it’s how many times you stand up.” Not everyone decides to stand up on that final fall, though. Those people are the ones who do not reach success in the FOREX world. But what are some of the reasons why traders fail?
Having quotes from profitable, successful, and professional traders can be motivational when you’re feeling down on your luck. I like to read quotes when I’m feeling unsure or down on anything in life. So, I thought I would gather some of the best quotes I found to help give your confidence a little boost in the right direction!
Trading is difficult. It takes a long time to hone into a particular strategy that works well for you and to find what times and pairs work best for that strategy. With all the difficulties that can come about in trading and the frustrations that come from the losses, every great trader has had their losses. If you watch the Trader on the Street and Apiary Fund trading sessions with Shawn Lucas, there will be times it's a losing session. And while Shawn’s loss may be few in far between compared to the wins, they still happen. It's a process of getting to the point where your trading days are far more successful than negative. But one important thing is to never give up.
With trading being a high-risk venture that some choose to take, there are bound to be negative reviews by certain individuals. Aside from the risk of trading, certain brokers and companies that individuals trade with cause negative experiences that set a stigma for trading. This is the reason that many individuals don’t start trading. They hear stories of losses and of companies having bad practices so they decide not to trade. However, this can be said about anything. If someone started bagging on your favorite restaurant, would that change your mindset about the restaurant altogether?