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Thread: Success is MINDSET

  1. #1
    Trader rinaji's Avatar
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    Success is MINDSET

    Perhaps everyone has a different perception of a success, I feel that I've had success in forex trading, why?
    Because at first my goal was to get income from foreign exchange, regardless of the amount that I got was not a problem. And now I've succeeded in realizing my expectations.

    But I am going to discuss about success in general.
    What are the factors necessary for success? How does the role of a dream or vision that we plant early on to boost our trade activities?
    Success itself needs to be defined properly. According to me, success is a mindset. I was successful, success is me.
    Not material gain. Nor, tangible achievements. Success is about being and becoming.
    A success is anyone who can survive without losing himself in all situations. When do not have money, a successful does not necessarily call himself "not successful". Likewise in forex trading, when you do not make a profit, you do not necessarily call yourself is "not successful".
    Success as a mentality or mindset gives strength to endure failure, although many times. Why turn out to be pessimistic if success is yourself?
    Whatever you do, if done with a mindset of success, it will give you success in the end anyway. Although destiny is play a role in your success (if you believe in destiny).
    Failure in one field or one time only, do not make you a loser. Embrace failure as a way to learn and evaluate what needs to be corrected again. Successful people do not ever be afraid to fail, even with joy and he humbly use this opportunity to learn. Do not fear of failure, "because if you fear failure, you actually fear of being successful."

    Many people tend to be afraid to face the new business to be started. Often the shadow of failure is greater than the optimism of success. Any tips for them?

    Once again, success is mindset.


    Please you give good comments about the success in your version if you do not agree with me. Thanks.

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    If you lose, be patient. If you win, stay humble

  2. #731
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    If you can think about it then you can achieve it. There is no big deal in here, some people have been able to get it done so I think we can. Therefore learning is the key, even when we have the right mindset for the business there is no way we would be able to achieve our goals without learning and being patient.

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  3. #732
    Trader techboy's Avatar
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    Quote Originally Posted by splash View Post
    If you can think about it then you can achieve it. There is no big deal in here, some people have been able to get it done so I think we can. Therefore learning is the key, even when we have the right mindset for the business there is no way we would be able to achieve our goals without learning and being patient.
    Well, if the trader work hard enough to achieve his goal then he can do it, but it all depends on the trader itself how determined he is in trying to achieve his goal in this business, and it wont be an easy thing to do, considering the fact that its less than 20 percent of traders are just making consistent money in trading.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  4. #733
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    Quote Originally Posted by techboy View Post
    Well, if the trader work hard enough to achieve his goal then he can do it, but it all depends on the trader itself how determined he is in trying to achieve his goal in this business, and it wont be an easy thing to do, considering the fact that its less than 20 percent of traders are just making consistent money in trading.
    Traders who are capable will hit their targets or even achieve higher results. We need to do analysis and for that we may need to study the charts but major part of analysis is always related to logical thinking. Controlling emotions is again related to the mind because emotions arise in our mind. For good trading it is a known fact that a trader needs a good mindset. of course there is some physical work in trading and analysis of the market but most of it is brain and mind work.

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  5. #734
    Trader techboy's Avatar
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    Quote Originally Posted by PROPENSITY100 View Post
    Traders who are capable will hit their targets or even achieve higher results. We need to do analysis and for that we may need to study the charts but major part of analysis is always related to logical thinking. Controlling emotions is again related to the mind because emotions arise in our mind. For good trading it is a known fact that a trader needs a good mindset. of course there is some physical work in trading and analysis of the market but most of it is brain and mind work.
    Controlling emotions is a whole different topic in trading and may requires additional learning that most traders seems to ignore that is why they just keep on repeating the same mistakes over and over again because they are not really understand and give emphasis in this topic, sorry to disagree but I believe that a trader cannot be successful in this market if he cannot find a way to fully understand the psychology of the market.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  6. #735
    Trader Hukam's Avatar
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    Quote Originally Posted by techboy View Post
    Controlling emotions is a whole different topic in trading and may requires additional learning that most traders seems to ignore that is why they just keep on repeating the same mistakes over and over again because they are not really understand and give emphasis in this topic, sorry to disagree but I believe that a trader cannot be successful in this market if he cannot find a way to fully understand the psychology of the market.
    Fully understanding of psychology can be only gained if we are giving our valuable time for learning, proper learning and practice would give us a long time better experience of the market which would help us to know that how can we learn more about the term psychology. We can improve our psychology level by regular learning.

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  7. #736
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    Quote Originally Posted by Hukam View Post
    Fully understanding of psychology can be only gained if we are giving our valuable time for learning, proper learning and practice would give us a long time better experience of the market which would help us to know that how can we learn more about the term psychology. We can improve our psychology level by regular learning.
    [lang=id]if traders spend the time or invest it for learning and practicing and respect it as the good thing , they will have good mindset to prepare themselves with good mental and psychologies that will give them a clear mind to think wisely for making right decisions, this is the business where we need to always fix and complete everything,[/lang]

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  8. #737
    Trader cutiekc's Avatar
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    When we work hard I am sure we will get that success we have always wanted, we need to know that success is not a thing that comes so simple and easy. Furthermore, on how dedicated we are that will determine how successful we would be. To be I feel success Is a thing that will come with time.

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  9. #738
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    Quote Originally Posted by samprazaan View Post
    [lang=id]if traders spend the time or invest it for learning and practicing and respect it as the good thing , they will have good mindset to prepare themselves with good mental and psychologies that will give them a clear mind to think wisely for making right decisions, this is the business where we need to always fix and complete everything,[/lang]
    yes, the traders who spend tehir time ti invest in the forex business has spent their time for the learning in the business, that is the good side where traders can find the ways to make tehir money. traders will be working with good mindset for what they know in the business be fine.

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  10. #739
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    Success is not easy thing to get in the forex market. To become successful you need to have a plenty of things in place. Because making money is not a joke in the forex market. it is damn tough thing to do. So always try to make money with a proper plan.

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  11. #740
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    Quote Originally Posted by cutiekc View Post
    When we work hard I am sure we will get that success we have always wanted, we need to know that success is not a thing that comes so simple and easy. Furthermore, on how dedicated we are that will determine how successful we would be. To be I feel success Is a thing that will come with time.
    Yes I always believe that sincere work never goes in vain.It will surely benefit us in one form or the other and therefore someone have rightly said that work is worship. But when we are not much serious about our work or when we work carelessly in the market then anything might happen and we might have to face any severe consequences. So we should always be sincere with our learning as a trader.

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