So how do you become a successful Forex trader? Why are some people successful and others lose money and give up? Well, in my opinion it’s about doing everything right, in the right order! Be strategic and systematic in your approach and don’t become emotionally attached to making money as a Forex trader.
By making sure you are stacking the odds and outcome of the trade in your favour you can build a long and successful career. However, remember the law of probability says that you will not win every time. FACT.
If you think you are in the wrong trade, the cut your losses and exit. Forget your ego as there’s no shame in being wrong – it happens! Be detached and unemotional so you can protect your account, your hard-earned money and become a successful Forex trader.