The most important thing we discussed a lot before is the need for a trader to focus on the process and respect the process in trading rather than profit.
The process is the steps, actions, and obstacles that you need to take and go through before becoming a trader who is able to generate profit consistently. The process that traders go through is successful, making them an optimist and confident in their own abilities and not easily shaken by obstacles or losses faced.
But to be a successful trader is not an easy task. There are also traders who have been involved for more than a year still in the same notch. No progress in terms of trading and knowledge.
If you feel your trading performance is in the same notch and does not improve, there may be some things you overlook. Let's see one by one.
# 1 You Have No Careful Planning
A goal without planning is just a dream. This is not the same as the resolution you set every time the new year, write the resolution today and tomorrow continue to be forgotten.
Simple things like changing a stop loss and leaving the trading position too early or surviving with a floating loss are mistakes due to a lack of careful planning in trading. This is where you need to have a concrete plan from the smallest detail of how many lots to place until the trading management after placing the position.
Set your goals and list the steps and actions you need to take to achieve the goals. Get advice from experienced traders.
# 2 You Are Not Really Trying
Even though there is careful planning and you are surprised because it still fails to achieve the goal. This is because you have no continuous effort in every trading position placed. You are not actively thinking about trading performance.
You know there are some things to learn in fundamental analysis, but laziness causes you to take a long time to start learning about them. Another example is, even though you have been using a demo account for a long time, you are still waiting to start trading real-time accounts. You keep waiting.
# 3 Do Not Examine Trading Progress From Time To Time
The main reason goals are unattainable is that you do not scrutinize your performance over time. How long is trading? What are your strengths in trading? What are the weaknesses? What needs to be improved? What needs to be sharpened? This is where the ‘trading journal’ book should play a role in recording everything about yourself in forex trading.
Always study the journal so that you are always aware of where you are at this time.
Remember trading is a long-distance run rather than an acceleration. If you want to last long in this industry, you need to overcome the problems and issues you face in trading from time to time. It is an ongoing process!
Finally, good luck to you all!
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