it is something that you need to adopt in every aspect of life as a trader. Having established your trading strategy and method you should stick with it and must not allow yourself to be thrown off course either by events or by the opinions of others.
4. Adopt the right mental attitude. Foreign currency trading can be very stressful at times and the volatility of trading and the inevitable swing between profit and loss on individual trades may and indeed frequently does produce considerable mental pressure. Learning to handle the stresses of trading life is no less important than learning the workings of trading.
5. Do not be afraid to take a risk. A common mistake amongst traders is a fear of taking risks. Risk and reward go hand in glove and you will not succeed if you are continually turning away from taking a risk. Taking risks does not of course imply throwing caution to the wind and merely diving in head first, but it means that, having calculated the risks involved, you are happy to trade assertively based upon your reading of the market and in spite of the risks.
6. Take your own trading decisions. It is essential that you focus your attention when it comes to your own trading and not to be knoecked off your course by the opinions of others. You will be working alongside individuals who are more than willing to offer you their advice but you need to remember that most of them will do nothing more than talk a good trade. Truly successful traders are a rare breed and they invariably steer their own ship.
Hurrying into trading without the required training is an extremely risky game but, once you have acquired the knowledge needed, success will depend very much on your ability to establish a clear course and then steer to it despite anything that might come along to throw you off your course.
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