The Authority’ on Price Action Trading. In 2016, Nial won the Million Trade forex with paypal Trader Competition.
In today’s lesson I am going to help you develop a profitable trading mindset. It’s an unavoidable reality that your forex trading success or failure will largely depend on your mindset. In other words, if your Forex trading psychology is not right, you aren’t going to make any money! Unfortunately, most traders ignore this important fact or are unaware of how critical having the proper mindset is to Forex trading success.
Note: I would love to hear how you plan on using the points discussed here to improve your Forex trading mindset. Please leave me your comments and feedback below after reading today’s lesson! A lot of people seem to be unaware of the fact that they are trading with a mindset that is inhibiting them from making money in the markets. Instead, they think that if they just find the right indicator or system they will magically start printing money from their computer. Trading success is the end result of developing the proper trading habits, and habits are the end result of having the proper trading psychology. Step 1: Have realistic expectations The first thing you need to do to develop the proper Forex trading mindset is have realistic expectations about trading. That’s not how it works, and the sooner you ground your expectations in reality, the sooner you will begin to make money consistently.