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trading is all about habits, and the first step to changing your habits from a gambling trader to those of a pro trader is by determining whether or not you have a problem. As a forex trader, your account size, the risk you take in each position and sometimes your entry and exit prices are all you can control. If you want to learn professional Forex trading strategies and concepts that will help you transition from a gambler to a successful trader, checkout my Forex trading course and members community. To make money through Forex trading, you have to learn and master it and this needs spending some time and energy. Since its so easy to fall into a cycle of gambling as a Forex trader without even really being aware of it, its important that we go over some of the basic traits of both a gambler and a pro trader so that you can.
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Now, I am not here to tell you have a gambling problem; I am here today to help you recognize that you may be trading like a gambler and you need to make a change and start trading like a professional. If you feel yourself getting an urge to trade for no reason or to risk more than you should, simply remove yourself from the markets. It will not work, and you will not succeed. What happens when you start a new business with such a mentality? Do not open a big live account at the beginning. This will help you view your trading more as a business and less as a trip to the casino. Be confident in your trading strategy and rely on the long-term edge to recover any short-term losses, rather than trying to get revenge on the market and jump right back in after a loser. Read the above sentence very carefully for few times, and think what Henry Ford was trying to say. Repeating your success for few consecutive months tells you that You know how to set the stop loss and target orders, and you do this precisely, strictly and religiously.
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