Are you a victim or a predator on Forex?

Are you a victim or a predator on Forex?

In this article, we will find out how to distinguish a potential loser from a promising trader.

Faith in yourself or in others?

The indicator of weakness - constantly hope for someone who at the right moment will appear and save, will solve all problems and will give answers to all questions.

An unknown person will always wait for the Word of the "great" analyst before deciding on any deal. He advises at once with all friends who deal with trade, listen first of all to them, not to themselves.

If you are so new that you cannot understand what step will be right - first gain knowledge, work on a trade strategy. But "scrapping" from other traders, relying on their experience, means soon staying with nothing.

If you decide that you want to become a trader, you need to get used to the fact that in this case you need to rely exclusively on yourself, your knowledge and skills. Any outcome of the trade will depend solely on you and your decisions. Forex is a place for those who are able to take full responsibility.

Who should be blamed?

A potential loser on Forex is looking for reasons for his loss-making deals in those who gave the wrong advice, political situation, bad news, or just a "bad day."

A successful trader now or in the future blames only himself and benefits from the situation. He learns from his mistakes and gets better with them.

I 'm not a coward, but I 'm afraid!

Constantly afraid of trading, you risk losing all your money very quickly. A sense of self-preservation is normal. A successful trader understands when to stop so as not to lose, so he remains calm making deals. It is necessary to really assess the situation, the possibilities - then fear will not be so strong. After all, the higher and more biased the expectation, the scarier it is to destroy them.

Self confidence or believe in yourself?

A self-confident person is most often self-confident baseless. His love for himself is the product of many complexes, inflated expectations, and lack of intelligence, however rude it sounds. It is not common for self-confident people to accept defeat, learn from their mistakes, and constantly develop, because they consider themselves so cool that it is simply impossible to become better!

A confident person is a strong person who knows his strengths and actively works on the weak. Mistakes are perceived as life lessons, and moments of success as an opportunity to become even better.

Lets sum up the results

In order to go the road of a successful trader, it is necessary to believe and hope only on yourself, and every day to work on the development. On Forex can survive only a strong person, able to take responsibility for the life, to accept losses and victories equally adequately.

Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

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