Thread: Persistence and forex trading

Persistence is the virtue that is constructed with education and experience. Persistence is actual beneficial in trading. Even every efficacious trader is a learner, because I know so well that achievement does not come just for the requesting, a prize must be paid somewhere and somehow. Education here is the price a forex trader can pay to be prosperous. The extreme blunders any trader could do in the market trading are to be changing the position of the stop loss. This is never an expert thing, and it would disturb the trader as the time comes. A trade has to make his calculation before setting it. After watching the market move you can not change it. You must follow a certain rule.

You cannot deal on Forex without determination, otherwise, you'll have loss after loss. You need to be sure what you do and achieve your goals obstinately.

Endurance and perseverance are two essential aspects of any forex trader since it is expressively suggested by the experienced pro traders that without a good deal of persistence, determination and hard work no one can survive if he wants to engage in trading for a prolong period. Thereby my broker AAFX is always providing me expert advice, professional guidance and good facilities like lowest zero spread, 1:2000 high leverage, etc. so that I can always hold my patience and engage in trading only after conducting proper due diligence.

Forex market gives you opportunities to recover from the worst situations. But it is also a market which takes you towards the worst from a profitable position. You will learn from every trade you will enter or leave. Be patient, be profitable!

I have read in a lot of forums and online articles where many good intent people offer their perspectives on how to trade Forex. The essence of it usually comes down to strategy, experience and discipline12. I am in no way saying that these folks are wrong, but I have found for myself that the root cause that makes trading so difficult is mainly due to a seldom talked about or recognized aspect of trading which is called the amygdala hijack. It literally filters everything we see the moment we decide to open a position in the markets with REAL money, regardless of size or amount.