Whether you do short term trading or long term investing, your beliefs directly affect your success. What do you really believe about Forex market trading? Let’s take a closer look.
We all have internal beliefs that influence how we act. You may be surprised to uncover what you really believe about currency pair trading. Do any of the following statements ring true with you? Be honest with yourself when you read them.
- Trading is a dangerous way to make money
- The “big guys” control the markets
- Making money is easy in the Forex market
- Making money is very hard in the Forex market
- Understand them hidden secrets to really being successful that only a few people know
- I can become very wealthy
If you understand these statements, then you are absolutely right. If you think it’s controlled by unseen powerful people, you will find a way to blame them for your losing trades.
What Are Your Beliefs About Forex
Studies have been know to show that if you give a group of people the exact same set of trading rules, they will all have varying results. Some will make money, some will break even and others will lose money. Ask yourself what you believe about Forex trading.
What Is Your Mindset?
Mindset is very important to becoming a successful trader. Believing in yourself, your trading strategies, and your trading tools will make all the difference in the world. Be very much aware that your beliefs are powerful. They can make the difference between becoming a full time trader and staying at your current job.
The right mindset in Forex market trading has made many people wealthy. This is a fact. I truly believe this.