This article targets forex newcomers. It’s about some thoughts on the philosophy of success on Forex. It goes about rules that help you trade, succeed, and keep on top. If you are already successful and experienced trader just skip it. If you are just starting or think that something in your trade is going wrong – try to find something for you in this article. You can not make money in forex market without having any loss
Let’s first agree that trading is not that much of financial games, but psychological ones. There might be some people who will disagree, but that’s how we view the trading game. We tend to recommend everyone systematic trading, clearly understanding that the systematic trading is not a panacea. It helps you achieve better results, but it doesn’t guarantee you that you will avoid emotions while trading. You are still a human being who needs to make decisions and your emotions will surely take part in it.
Everybody knows that old trader’s saying: “Loss is your payment for participation in the game”. Once you start trading, you have to accept this, as trading with no losses is impossible. But can you imagine how you will stand your first loss? How you will manage the stress and avoid making poorly thought of decisions?
You can imagine that the trade is not that much of trying to buy something at the lowest price and then rush to sell it at the highest price. Imagine that the currency trading is something similar to food supermarket. If you were the owner, you would be to buy some bread, for example, form the manufacturers. At this moment the bread means a loss for you. In some time it will mean profit after you sell it to your customers. In order to know what your profit would be, you would have to calculate what would be the buying and the selling price difference and then see if the profit is enough to meet your trading targets
