Forex Trading: It is just a trade

Today, I would like to share something i read on the internet and it is so true when it comes to Forex Trading.

This is written by Russ Horn, a well-known trader in the forex trading community who has come up with various forex products which I myself is using.

Here is what he says:

It's just a trade. 

As a new trader, there is so much focus and determination about "getting it right" that it doesn't even occur to us that it's just a trade. 

So much focus on using the perfect indicators.

So much focus on the perfect settings.

So much focus on getting the setup just right.

So much focus on getting the next trade exactly right.

When you are learning, this only makes sense, and of course this is where the emphasis will have to be in order to get good at trading.

Over the next several years, you will be taking thousands of trades, 10s of thousands even.

With the experience that comes with the enormous number of trades, you will come to realize that there is a lot of forgiveness in your trading.

Once you have the trade management perfected and you are not driven to be proven right all the time, you will find you start making more and more money.

Being relaxed with your trades is important to succeeding.

Successful traders identify less and less with the trades they take, instead, they identify more with the ends they are working towards.

With more emphasis on the "why you are trading", trading becomes a lot simpler, a lot less stressful, and also a lot more profitable.

Work on getting the trading down so you don't have to think about it anymore is important:
Setups,
Trade Management
Exits

And once you get it, the switches from learning and becomes why you are trading... and each trade becomes "just a trade".

Russ

Yours sincerely,




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