Improve your trading strategy by banishing negative thoughts from your mind. Here are three thoughts that may intrude and destruct your forex trading today.

If you are a forex trader, then you've known that the main enemy of a forex trader is theirself; the excessive emotions they displayed when trading forex online, especially fear and greed. As long as they discipline themselves and keep a good grip on their emotion, then all's well and good. Is that all? Actually, not. There are other destructive thoughts that may obstruct you in your trading. They are not as troublesome as fear and greed, but you may want to watch out for them.

 

If I Experience Loss Again Today, I'm Going To Quit!

It is a fact that everybody can make profits from forex trading. There are many stories about successful traders who started from zero. They became prominent figures and stars in currency market. Their stories may have been one that attracted you to forex trading. However, after trading for a while, you realized that to be someone like that is not easy.

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I've got through something like this before. At first, I experienced some small losses because of untried strategy. Then I turned to demo account, trying out several strategies for some time until I found 'the one'. When I tried it on live trading afterward, it worked pretty well...until it didn't. Somehow, market volatility got too high, my profitability dropped fast in a few days, and I was confused as to what the cause could be. At that point, I've prepared myself for the worst (Margin Call), and thought that I'm not suited for forex trading, I'd better quit once I got MC.. I realized almost too late that I didn't observe the fundamental news well enough. I was lucky to realize that, because it helped me to reconstruct my trading experience.

That's why you should have patience and refuse to give up. Continuous losses is depressing, but there are ways around that. Seek supports from fellow traders in discussion forums. Their passion may motivate you, and their stories may give you inspirations to improve your trading strategy.

 

I Will Open More Positions So That My Chance To Attain Profits Get Higher

Forex trading is unlike rafflecopter draw. Do you know rafflecopter!? It is one of several tools that people used to choose winner from a basket of participants on events like online promotion giveaways and sweepstakes. In rafflecopter, the more points we put in, the more chance we have to win.

Some beginner traders naively thinks that forex trading works that way. I can tell you unequivocally that it is not. Your success in attaining profits doesn't exist in how many transactions you do each day, but in the manner you made the transactions. A tried-and-true trading strategy could bring you profits even though you open few positions. Learning from the many transactions you've done so that you can improve your trading strategy, too, could bring you profits in long term. But it takes time to produce such result; opening more position doesn't automatically give you more chance for profits.

 

No Matter What, I'm Going to Get Profit

Years ago, when I was pressed for cash, I turned to my trading platform with blazing eyes, No matter what, I'm going to get profits today and pay all of my bills tomorrow.. Each of us has bills to be paid, commitment to be fulfilled, and ambition to be satisfied. The ways to complete them are numerous, but forex trading is not one of them.

Let me remind you that forex trading, like any other businesses, doesn't have 100% profitability. Even more, the more profits you want take in forex trading, the more risk potential you have to bear. That's why, such dramatic thought may have different result than what you expected. With hopes of profits, you take unnecessary risk, and that makes you much more vulnerable to losses.

Profits that appear every once in a while won't be good for you either. What is the use if you are able to get profits today, but your loss tomorrow exceeds the amount you've got? Rather than temporary profits, strife for a sustainable one.