Episode 3: How to Create a Winning Mindset
There are multiple strategies to trade Forex. However, there is one common thread that runs throughout all Forex trading and that is to do with the mindset. Regardless of the trading strategy you use, to be a profitable Forex trader, you need a Winning mindset. In today’s show we’ll talk about what it takes to develop a Winning mindset for trading. You’ll learn specific steps you can take to start thinking like a winner and how to apply these principles to your Forex trading.
NEVER IGNORE THE PSYCHOLOGICAL PART OF TRADING!
The 2 aspects of developing a Winning Mindset:
1) Develop your SKILL
a. Invest on good courses which are crucial in developing your Forex trading skills.
b. Try on a demo account. Make sure that you listen closely for important pointers about trying on a demo account.
2) Develop your CONFIDENCE
a. Learn Risk Management.
b. Set realistic goals. START SMALL.
c. Develop a trade plan.
d. Have a CONSISTENT daily routine.
If you have questions that you would like answered on the show, send us an email: firstname.lastname@example.org