I’m sure many of the Forex trader’s reading this article would have heard of this term before but what does it mean. This statement is so important in trading and life in general, if you are working towards a long-term goal many things must happen before you can reach it.
Once Forex Traders find a particular Price Action trading strategy they want to apply it to the Financial Markets time and time again in the belief to make substantial profits as quickly as possible. This is why learning from a veteran trader you will learn the number 1 rule of fx trading which is Patience.
In trading this means, having a committed long-term outlook, consistent studying of the charts and movements in the market, serious training in the markets to commit to learning the most professional techniques available. Without these key ingredients, you will never achieve the long-term goal of trading full time.
If you would like to trade forex be prepared to have steady progress
Always remember that its going to take hundreds of trades over the course of your trading to get you to your goal and that one trade shouldn’t be the end for you. Meaning don’t risk too much per trade as it will take many small trades to get you to the goal.
Learn to master your craft just like a Marathon Runner
What does a marathon runner do day in and day out, well firstly they are relentless in their goal of pushing the human body to its limits. But before they do this, everyone starts somewhere and to get to that stage they put thousands of hours of running in before they got to be an elite runner.
This is the same for a trader, you must be committed and relentless in your motivation to trade in the markets. If you start to waver in any way and lose motivation your trading dream will die. The goal is win long-term and not short term.
Conclusion
Learn to be patient when trading, as a Institutional Forex trader I have seen traders start with great prospects but fizzle out due to thinking they were going to get rick quick. The ones who are successful are methodical and calculated in their approach. Ensure you are one of these traders and change your mindset to how a Professional Forex Trader thinks.
Once Forex Traders find a particular Price Action trading strategy they want to apply it to the Financial Markets time and time again in the belief to make substantial profits as quickly as possible. This is why learning from a veteran trader you will learn the number 1 rule of fx trading which is Patience.
In trading this means, having a committed long-term outlook, consistent studying of the charts and movements in the market, serious training in the markets to commit to learning the most professional techniques available. Without these key ingredients, you will never achieve the long-term goal of trading full time.
If you would like to trade forex be prepared to have steady progress
Always remember that its going to take hundreds of trades over the course of your trading to get you to your goal and that one trade shouldn’t be the end for you. Meaning don’t risk too much per trade as it will take many small trades to get you to the goal.
- Always have a trading plan and routine
- Find something that works and stick to it no matter what
- Use correct risk management and always preserve capital
Learn to master your craft just like a Marathon Runner
What does a marathon runner do day in and day out, well firstly they are relentless in their goal of pushing the human body to its limits. But before they do this, everyone starts somewhere and to get to that stage they put thousands of hours of running in before they got to be an elite runner.
This is the same for a trader, you must be committed and relentless in your motivation to trade in the markets. If you start to waver in any way and lose motivation your trading dream will die. The goal is win long-term and not short term.
Conclusion
Learn to be patient when trading, as a Institutional Forex trader I have seen traders start with great prospects but fizzle out due to thinking they were going to get rick quick. The ones who are successful are methodical and calculated in their approach. Ensure you are one of these traders and change your mindset to how a Professional Forex Trader thinks.