Thursday 10 April 2014

Don't be deceived by your short term forex trading success

I remember when i started trading the forex market back then in 2008. I was so happy when i made my first successful forex trades that i felt i have got the holy grail only to see my account whipped
out on subsequent forex trades i made. The truth is all newbie forex traders go through the same thing when they first had a taste of few successful forex trades and they immediately feel they have gotten the holy grail to trading the forex market.
Lets face the realty ground because i am not here to say you can become a profitable forex trader in less than a year. The truth be told, for you to be successful forex trader over the long run, your trading plan must have passed through so many rigorous forex market conditions and came out alive and still floating. Only then, can you say that you are an profitable forex trader. So, what am saying is your forex trading success is dependant on your long term success and not your short term success.

No comments:

Post a Comment