Trading isn't hard, but trading successfully is.
Any monkey can open orders and lose money and even win money (not earn money though). You earn money when you exercise discipline. If it's not hard to collect your money for the day then you might just have won a mini lottery. One thing is for sure. Luck in trading Forex does not hold.
I seem to read a lot of discouragement here on FF which pains me because in my early days of trading I learned quite a bit here. But I was willing to work to get where I am. It seems all to often traders want the quick fix for nothing. But our very nature of "I want it now and I want it easy" is what brought us to Forex in the first place. Our (traders in general) natural tendencies to think outside the box and search for new ideas is how most of us found this market.
The mere fact that we are willing to trade our money means that we do not like to operate like traditional business owners. Though to be successful in this arena we have to behave as though we are operating a business. Otherwise we'll just bounce to the next method that we think will make us money and Forex will just become another failed aspiration.
I want to encourage all newbies to paper/demo trade until they know how often their chosen system/strategy wins and loses. Successful systems do exist, but in order for a successful system to survive it must be applied with unerring discipline.
Discipline is what makes and breaks traders. Whether you believe this or not is what ultimately makes it a true statement.
Now to sound like I'm contradicting myself a bit. Each day of trading for me is not hard. But denying myself the impulse to trade when not in a trade is what makes it hard. Being disciplined is hard.
Can anyone prove that there is any single idea/action that is more important than exercising discipline?
Let's discuss...
Any monkey can open orders and lose money and even win money (not earn money though). You earn money when you exercise discipline. If it's not hard to collect your money for the day then you might just have won a mini lottery. One thing is for sure. Luck in trading Forex does not hold.
I seem to read a lot of discouragement here on FF which pains me because in my early days of trading I learned quite a bit here. But I was willing to work to get where I am. It seems all to often traders want the quick fix for nothing. But our very nature of "I want it now and I want it easy" is what brought us to Forex in the first place. Our (traders in general) natural tendencies to think outside the box and search for new ideas is how most of us found this market.
The mere fact that we are willing to trade our money means that we do not like to operate like traditional business owners. Though to be successful in this arena we have to behave as though we are operating a business. Otherwise we'll just bounce to the next method that we think will make us money and Forex will just become another failed aspiration.
I want to encourage all newbies to paper/demo trade until they know how often their chosen system/strategy wins and loses. Successful systems do exist, but in order for a successful system to survive it must be applied with unerring discipline.
Discipline is what makes and breaks traders. Whether you believe this or not is what ultimately makes it a true statement.
Now to sound like I'm contradicting myself a bit. Each day of trading for me is not hard. But denying myself the impulse to trade when not in a trade is what makes it hard. Being disciplined is hard.
Can anyone prove that there is any single idea/action that is more important than exercising discipline?
Let's discuss...