What This Billionaire Can Teach You About Forex Trading
I was reading an article the other day where a billionaire talked about the biggest mistake you can make if you want to be successful. I agree with what he said. And I think this is the biggest mistake people make when trying to become successful Forex traders as well.
You can read the article here: Billionaire: This is the biggest mistake possible
So, what is this big mistake?
Giving Up Too Soon!
Forget about what you may have heard before. Trading Forex is not easy. You need knowledge, experience and discipline. And that is not what most people want to hear.
As with any skill worth learning, trading Forex profitably is going to be hard for most people. You are going to make mistakes. You are going to get frustrated. You are going to want to quit at some point.
But the only way to become a successful Forex trader is to push through. Keep going. Don’t give up. You could be just one breakthrough away from making your Forex trading dreams come true (as long as your goals are based in reality, and not fantasy).
Here is why it is so hard…
The difficulty can be boiled down to one word… LOSSES. No matter who you are or how long you’ve been trading, there will be losses. No strategy gives winning signals all the time. No trader can predict the market with 100% accuracy. Some times, even when you follow the rules and do everything “right”, you are going to lose.
If you are a perfectionist and want to win all the time, these losses are going to be hard to take. So, when you suffer a loss, that is when the problems start. After all, how can you stick with something long enough to master it if there are losses?
Let’s say you are learning a new strategy. You do everything according to the rules, and you lose. So, you try again and lose again. How many losses before you decide the strategy is not worth learning? For most people, not many.
It does not matter if the strategy is wildly profitable over time. It does not matter if the next 20 trades are winners. The person has already moved on looking for something better. And by “better”, they mean something that does not lose.
And that simply does not exist.
Here is another example…
Let’s say a person realizes they cannot learn to trade on their own. Or, they simply don’t have the time. So, they decide to use a Forex signals service like Forex Investing Live.
This is a great option. They let an already profitable trader make the decisions for them and follow the trades in less than 10 minutes a day. Sounds like the perfect solution.
But guess what? There are going to be losses. And if they prematurely abandon the service when there are a few losses… they are never going to profit over the long term.
The sad truth is, a lot of people leave a profitable Forex signals service like Forex Investing Live without getting the profits they deserve. They give up too early. And when they give up, they miss out on the “Profit Geysers” that make trading profitable and worthwhile.
Learn from what this billionaire said. Don’t give up too early. You’ll never get far if you keep giving up.
This is very important if you want to be a profitable Forex trader.
If you are ready to start a journey that leads to Forex trading success, and are prepared to NOT GIVE UP, I encourage you to give Forex Investing Live a try. Click Here To Start Your Free 14 Day Trialhttp://tradetheforexmarket.com/forex/what-this-billionaire-can-teach-you-about-forex-trading/http://tradetheforexmarket.com/wp-content/uploads/2016/09/What-This-Billionaire-Can-Teach-You-About-Forex-Trading.pnghttp://tradetheforexmarket.com/wp-content/uploads/2016/09/What-This-Billionaire-Can-Teach-You-About-Forex-Trading-150x150.pngBlogFeaturedForexforex,forex advice,forex signals,forex trading,profitable forex trading