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October 19, 2020
Mindset is one of the important things to pay attention to, especially for beginner trader. Mindset can influence us in taking action in the future. If our mindset is positive, usually we
will do something positive and produce something positive too.
If our mindset is negative, it will affect the results of your actions to be negative too. Likewise, in forex trading, it is not only a negative mindset that will cause failure, but too high and
excessive expectations will be fatal.
Salmamarket forex broker believes that there are 2 dangerous mindsets that generally exist in a trader that can potentially destroy his trading account. You should try to stay away from
the following mindset if you want to exist in the world of forex trading.
If you think that forex trading is the only way to achieve success in life, usually this will be a thorn in the straw that will result in trading failure. It is wrong if a trader hopes to get
financial success from the results of forex trading.
According to the best forex broker, if you instill this mindset you will tend to force a profit on every transaction it does. In fact, it is almost impossible for a trader to be truly successful
as long as he does not have a strong desire to learn.
Beginner trader who eliminate the above mindset, do not feel burdened to always gain profits. Instill a relaxed attitude in trading, will usually be able to see the market with a more
objective perspective and will not always force themselves to enter the market.
If you have an excessive expectation mindset on forex trading, you must try to get rid of that mindset so that you will avoid making the wrong decision to enter the market. You don't
focus too much on the trading results you will get.
Don't need to be afraid of losing the moment to get profits. The Forex market is always wide open 24 hours in 5 working days, so there are so many opportunities that you can get if
you miss one. Especially for beginner trader, you need to be patient.
That is, the opportunity to get profit from forex trading will always be there and wide open for you as long as you can trade objectively and don't force excessive profits. The key is to
learn to get success slowly.
This mindset always arises in novice traders. Traders usually expect maximum trading results from every position he has placed on the market although it is very difficult to expect
definite results from every trade he makes.
This is because in trading, even if you have the most powerful trading system, you will not be able to make 100% profit. Surely sometimes you will occasionally get a loss and
occasionally get a profit, especially if you are a beginner trader.
You will only know the final results of your trades after you have traded for a certain period. You must always focus on the trading system you have and you can evaluate it after going
through several periods.
Do not always think badly about losses, because certain losses cannot be avoided. If your loss is less than your profit, it can be said that you are getting a profit. You have learned to
give in for a moment for a much higher return.
If you always focus on the trading mindset ‘today I have to profit ', then you will not know the effectiveness of the trading system you are using because it takes a certain trading period
to be able to test it.
Change your mindset to focus on the trading strategy and system you are using. If it doesn't turn out what you expected, evaluate your trading system. It takes discipline and
consistency, as a beginner trader, in the testing of your trading system.
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