The following are my thoughts on what I believe are the overall key steps to Forex trading success:
- Realistic expectations:
- There is no quick and easy ‘Golden Button’ to trading riches.
- Set realistic time-scales to achieve consistent profitability.
- Temper your expected earning potential in the first few years.
- Set realistic targets.
- Determination, Patience & Discipline:
- Determination to succeed and not giving up at the first, second or third hurdle.
- Stick-ability.
- Learn to ability to be Patient and wait for high probability trades to come to you rather than try and force the market when it is not yet ready.
- Develop the Discipline to adhere to your Trading Plan to the letter. Continue reading
- Determination to succeed and not giving up at the first, second or third hurdle.