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 Recommended by FX Operator
This self confidence is an important part of a trader's mindset, one that you must developed in order to be consistently profitable. When you see that your trading capital is growing consistently month after month, you should know you have sucessfully developed the mindset of a successful trader.
Acquiring the trader’s mindset takes patience, time and experience. Here is a brief list of traits you should developed: - Sense of calm when trading
- Ability to focus on the present reality and not how you would like it to be
- Disregarding which way the market breaks or moves
- The feeling that money is not the point of focus
- Always looking to improve skills and strategies
- Open-minded, keeping opinions to a minimum
- Absence of anger
- Enjoyment of the process
- Trading one chosen approach or system consistently
- Telling oneself that you cannot control the market but you can control your own decisions
- No feeling of being victimized by the markets
- Taking full responsibility for all trading results and willing to learn from mistakes.
- Do not rush into trades if you are not confident; reminding oneself that there is always next day to trade
Risk Disclosure Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Hypothetical Performance Results Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. Trading Strategies It should not be assumed that the methods, techniques, or indicators presented in these website will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by the registered users are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of FX Operator (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on the website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. |
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Trading 101 
