Did you know? Forex Trading Is a Marathon - Far or Slow But It's All Up

Forex Trading can be compared to running sports. There are people who are suitable to be SPRINTER and there are some people who are just suitable to run DISTANCE (marathon). Marathon is a long-distance run in the context of trading can be said you need to last longer to stay in this industry. In contrast to a sprinter or high-risk trader, it may be a big profit at first but after a while, the ACCOUNT may continue to Stop Out / margin call.

To stay or survive in trading, you really need discipline and endurance like a MARATHON runner. In the context of trading, you need to be prepared and strong in various aspects.

Here we share 5 key things for you to stay disciplined and be able to stay long in this industry and most importantly to be a MARATHON RUNNER in this industry.

# 1 Financial Management (MM)

Money management (MM) for example 2% risk for each position is technically you are trading in a marathon.

Usually 2% risk for the low-risk beginner or for those who want to last longer. We only risk 2% of our capital in one day or one setup. This way, we have about 50 times Stop Loss (SL) for Margin Call (MC).

# 2 Emotional Control

Never be swayed by PROFIT screenshots of our other fellow traders as they may be a sprinter or high-risk trader. We and DIA may not be the same, because the way each trader sees trading is different, the way of approach may also be different. He in his way we in our way. In another case, we may not know how many times this group faced a Margin call before achieving success.

# 3 Have a trading Plan and Journal


Before opening a position, we need to know why we opened the position - reason to buy (RTB), and reason to sell (RTS). To cover the shortcomings of your technical SOP, we recommend that you create a trading journal and gather the reasons why your position is affected by Stop Loss. If you had collected 20 SL journals and the reason, would you have made the same mistake again after this? At least you will see forex trading more clearly after that.

# 4 Choose a clear set-up (trade what you see).

Here we would like to advise, if you see there are several technical setup SOPs of your trading, just select one for 2% risk or select 2 of them with each 1% risk. If already FLOATING PROFIT, it is important for you to lock that profit. If on that day no set up appears, you are advised not to enter the market. Remember “no trade is also position”.

# 5 Sharpen trading with Fundamental analysis

You are advised not to rely on technical analysis alone. If you only trade based on technical analysis, you will face difficulties when NEWS are issued. Fundamental analysis is the first thing made by most professional traders in the world, where they determine the fundamentals and current sentiment of the currency first. After making a fundamental analysis, and knowing the direction of currency movement, then they make a technical analysis to determine the entry point, risk-reward, and so on.

Believe me, 95% of traders do NOT do the above. Be one of the 5% successful traders.

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