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You Can Enjoy Trading

Discussion in 'Forex Beginner Q&A' started by Currency Expert, Feb 5, 2015.

  1. Currency Expert

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    “Traders produce success, trading systems do not!” – Dr. Van K. Tharp

    Have you ever felt as I did when I was a novice? Sometimes trading turns out to be a far cry from our dreams. Painful results can seem to drag on endlessly, and it can be hard to see a way out or a way to endure. Needless to say, those who endured in the past now enjoy trading and the benefits that come from it. How can you enjoy trading?

    Cultivate a Positive View of Trading
    We can view trading as a means to an end. If you’re able to acquire what you need as a trader, then your trading is doing what it’s supposed to do. Successful traders love the feeling they’ve after a long period of trading. They may’ve worked hard to achieve success and their work may’ve gone unnoticed by others – but they know they’ve accomplished something. That thing is a profit.

    Apply Yourself to Trading Mastery
    Of course, you don’t become a skilled trader automatically, and not many people cherish engaging themselves in what they’ve not mastered. Maybe that’s the reason why many don’t like trading, for they simply haven’t put forth enough attempt to become good at it.

    Focus on How Your Trading Activity Can Benefit Others
    Avoid the trap of thinking only about how much money you can make for yourself, but think about how others also benefit from your trading. The world of trading is a unique ecosystem in which you, your family, the broker, the liquidity provider, etc. benefit and can’t do without one another. Think of how those who need help can be helped when you become a rich trader.

    Truly, when we strive hard and reach a good level of competence in trading, we can provide for ourselves and our family and we can also help those who’re in need. So trading can make us experience the happiness of giving.

    Go to Extra Mile
    Rather than simply reaching a level of competence in trading, look for ways to become a super trader. No matter your level of expertise, there’ll always be room for improvement. Set quarterly or annual goals for yourself. Challenge yourself to trade better and with more maturity. When you do this, you’re more likely to enjoy trading. This is because you’re in control of your mindset and actions. You’re doing well because you want just that, not because you’re forced into doing that.

    Keep Trading in Its Proper Place
    Profitable speculation is admirable, yet we do well to remember that there’s more to life than speculation. Although it’s a noble idea to dedicate yourself to trading success, you need to think of other important things in life. What are these? These are your family and friends and other activities that matter to your spiritual and physical health.

    Joe Ross, Van K. Tharp, Anne-Marie Baiynd (quoted below) and many others are examples of persons with balanced trading ethics. They’ve worked hard to achieve success in trading and they’ve left great impression on their clients because of the quality of their services. But in the end, when the job is done, they know how to leave trading behind temporarily and focus on their family and other things they cherish. And you know what? They’re among the happiest traders on this planet.

    Conclusion: When trading seems difficult as a result of a lack of expertise, who among us doesn’t need to work on our endurance? In order to face the ongoing challenges in the markets, we need the kind of determination, patience and inner peace that only conservative risk control and sane position sizing can give us.

    The piece below ends this article:

    “Our success is not about how much knowledge we have, but how we make decisions when our senses are heightened by fear or anxiety.” – Anne-Marie Baiynd

    Source: www.tallinex.com
     
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  2. vic84

    vic84 New Member

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    Yes trading is a bit difficult but its very necessary to take it in good spirits and try to be as much relaxed as you could, if you cannot enjoy it then certainly you cannot earn.
     
  3. sininfinity

    sininfinity Active Member

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    Well said. If one is not sure of possible outcomes of a trade. Then he should take a step back and wait for next opportunity.
     
  4. orni308

    orni308 New Member

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    If you want to excel in something then there should be a desire to learn about it, this desire will help you in learning that stuff very quickly and same thing happens in forex too.
     
  5. vic84

    vic84 New Member

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    Don't be pressurized and dont over expect or think that miracle is going to happen, just start trading and learn as much as your could.
     
  6. sininfinity

    sininfinity Active Member

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    Many newbie traders expect too much from the market. They think it is a cash building machine where you can not loose. Thoughts like these lead them to losses.
     
  7. haruka

    haruka New Member

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    When the professional trader puts on a trade they are completely at ease with the fact that the trade they have just put on may go anyway and have also taken complete responsibility for that fact. This may sound simple, but learning to be completely free and have a mindset that does not fret or worry and is completely at ease with uncertainty is something that is not quickly implemented overnight after years of conditioning to think differently. to put simply, good money management is a method to Let your profits run and cutting your losses short. with my current Tickmill account use an initial % calculation from the dynamic money management model. Not necessarily 2%, but maybe 3 or 4%. with predefined stop loss, and trail, partial lot upon exit trade.
     
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  8. SurtiTrader

    SurtiTrader New Member

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    I do enjoy trading and when it gives me favorable results I enjoy it more. Forex Trading is the best source of making money according to me.
     
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  9. sininfinity

    sininfinity Active Member

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    When winning it always brings a good feeling. But one can not win all the time and for that one needs to learn to control risk and emotion so when loss occurs, he or she can recover.
     
  10. orni308

    orni308 New Member

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    Yes winning always keeps you motivated but there are times when you loose and in those situations you have to keep your emotions in controls and take your decisions according to your skills.
     
  11. sininfinity

    sininfinity Active Member

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    One important thing is that trader should not loose heart when making several consequetive losses. It can happen when market movements don't make any sense and will be many losses. Rather than abandoning the strategy one should try to improve it and see what went wrong.
     
  12. Blossom

    Blossom New Member

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    Yes, I also enjoy trade. I can support myself with forex. I want to ask other traders that how far they enjoy this business? Is it a source of joy and fun for them or they consider it as a boring and tensed business.
     
  13. Martha

    Martha New Member

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    Although Forex trading is bit risky but you can make it easy with getting some knowledge and skills. So do not avoid to learn forex if you want to be a successful trader.
     
  14. Blossom

    Blossom New Member

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    You should enjoy your work first, either it is trading or any other work. Because enjoying your work will make it more easy for you.
     
  15. jologs

    jologs New Member

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    enjoying something you do is always a good thing, it makes it more of a fun life style that a job that needs to be done..
     
  16. Blossom

    Blossom New Member

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    If you love your work then you are surly going to enjoy it. So do what your hearts wants to do not what your mind wants to do.
     
  17. sininfinity

    sininfinity Active Member

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    Agree with you. Enjoying while doing something makes things easy. But mostly for traders staring at the chart is not enjoyable. It gets boring. I am one of those. lol
     
  18. Blossom

    Blossom New Member

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    Right, if you are not happy with your work then how you can work more flexible and comfortable with your job. That is why, if you enjoy your work then you will definitely going to get good profit.
     
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