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Thread: Newbie success mindset.

  1. #1
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    Newbie success mindset.

    It is an obvious fact that newbies loss a lot and this could be seen as caused by the fact that they don't get the mindset right. As I would want to point out some important thing and process of learning for newbies which could help them improve and succeed with time.

    First is your MINDSET, if you are a newbie and you have the mindset that you would make a kill in forex trading in a short time, well, you are heading to experience the worst. How you program your mindset towards achieving your goals in forex trading will determine the end result. Therefore, a candid advice would be, to see it as a business, which you have to learn, build and then see the reward in years to come.

    Secondly is what you learn, well, there are a lot of things out there online, paid and free, some works and some don't work. Irrespective of how profitable it is been said to be, be wise enough to have it demo traded for at least 6-8 months before coming to conclusion if it is good or not, don't have the mindset of having a strategy start working for you shortly after you start using it.

    In conclusion, always see forex as a business which has to be learned, mastered and built and reward comes after some several months.

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  2. #371
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    i guess all traders in this business at the early stage think trading will be easy and that we can make millions of money while trading,though we can surely earn as a trade but before we can make any amount of money as a newbies in forex business,such trader need to have make time to understand how to analyze the market movement.

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  3. #372
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    Quote Originally Posted by Ragnar View Post
    It is an obvious fact that newbies loss a lot and this could be seen as caused by the fact that they don't get the mindset right. As I would want to point out some important thing and process of learning for newbies which could help them improve and succeed with time.

    First is your MINDSET, if you are a newbie and you have the mindset that you would make a kill in forex trading in a short time, well, you are heading to experience the worst. How you program your mindset towards achieving your goals in forex trading will determine the end result. Therefore, a candid advice would be, to see it as a business, which you have to learn, build and then see the reward in years to come.

    Secondly is what you learn, well, there are a lot of things out there online, paid and free, some works and some don't work. Irrespective of how profitable it is been said to be, be wise enough to have it demo traded for at least 6-8 months before coming to conclusion if it is good or not, don't have the mindset of having a strategy start working for you shortly after you start using it.

    In conclusion, always see forex as a business which has to be learned, mastered and built and reward comes after some several months.

    most beginners in forex trading are too high-minded to succeed in the forex world quickly and instantly.
    rarely do you want to be patient in practicing using a demo account, by using a small lot by managing risk.
    sometimes it's also triggered by arrogant attitude because of feeling good, or feeling greedy to be able to get a big fortune in a short time with little capital. then open trade with many positions and not infrequently by using large lots and full margins.
    of course this way and thought is not healthy and we don't need to follow what else we apply in forex trading if we really want the success of becoming a trader.

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