Posts Tagged ‘Trading’

How to keep motivated in forex trading

Forex and Binary | Posted by adironda
Mar 30 2013

When you first start out in the forex trading world, you are probably going to be filled with enthusiasm and eager to learn everything there is to know about the subject. When your body is in this state, it’s often easy to learn and you are going to be focused most of the time, and I think this is one of them main reasons as to why so many people achieves quick initial success in the trading world. However, if there’s one thing that is true about human beings in the twenty-first century it is that we often lack two major abilities: Will power and discipline!

Whereas many people have initial success due to the fact that they are so obsessed with trading, it often happens that their success turns in to failures. I believe that this is because they get a bit tired of trading after the “honeymoon phase” is over, and this unmotivates them to continue to learn about trading. Instead, they continue to follow the basics that they have learnt, which is usually not a very solid foundation, and as their results gets worse and worse, they eventually decide to drop out of forex trading and head on to new projects, and this is where will power comes in. Cambio Divisas is a trading site from spain that has a really good article about how to motivate yourself.

When we talk about a lack of will power, this is typically affecting the person in question in all aspects of life, not just forex trading. But how does one go about in order to keep their motivation and will to develop themselves in the forex world? First of all, I think it’s important to remember that learning new things aren’t always easy, and it’s never enjoyable all the time. You need to stop looking for quick stimulation, and accept the fact that this is something that might take years before you truly master.

A good way to start off is to make a bit of a game plan. Set up a schedule where you dedicate certain hours of the week and day to learn even more about forex trading, and don’t allow yourself to skip those hours. You should neither expect the results to come straight away, but keep in mind that when they do come eventually, it will be because of the hard work you’ve put in and the reward will feel much better. The greatest rewards are always the one that we’ve truly deserved.

Imagine if whenever you’d wish for something, it would come true. Sure, you would probably have the best time of your life for a couple of weeks, but that too would eventually become boring and unpredictable. One of the basic things in life that we need are challenges, and real happiness comes from conquering these challenges!

So remember, when you start out in forex trading, you might have initial success, but you will have to work in order to keep that success sustainable, and you just have to be willing to push through the mud in order to achieve true mastery of the game!

Play to win in Binary Options!

Forex and Binary | Posted by adironda
Mar 04 2013

Are you one of the many newcomers that have recently heard about binary options, the latest financial instrument on the market, and you’ve decided to try it out yourself? If that is the case, I congratulate you! Binary options is probably the easiest form of trading out there to day, and it has in many ways improved the financial trading game is it is something that anyone could understand with just a little bit of reading. You don’t have to be a financial analyst or a business man to understand it. With that said, however, I don’t mean that everyone achieves success in binary trading. There’s a big difference in knowing how to trade, and how to master the trading game.

When you first start out trading, you will probably be just like everyone else: eager to learn and full of motivation to become a good trader. The thing is however, that most people who get into trading eventually get over that initial phase, where everything is fresh and exciting, and realize that the results have come yet and they seem to be losing money. When they lose money they soon lose interest of trading and they think they are not suitable for online trading. It’s in this state where most people choose to leave the trading game all in all, which is fair enough. But in my opinion, it think that’s completely wrong! I mean you can’t just come into this expecting everything to be a great success straight away. Just as with everything else in life you will have to work hard in order to achieve success, and the same thing goes for binary trading.

Say, for example, that you start to play golf. Would you then expect that you could just go straight up to a golf course and start hitting birdies and break the course record? Of course not! You will have to practice your swing, learn the rules, practice the different techniques and abilities that is needed in order to play before you can start seeing results on the golf course. The same thing goes for the trading game. You will have to put in the hours of reading, training and failing before you actually start making some real money.

Therefore, I say: Play to win! Get in to this game fully expecting to have some initial failures, and don’t let them affect you. Be prepared to put in hours of reading strategy guides, market indication and risk management. There are several different abilities that you need to develop in order to become a true master of trading, and if you dream of ever becoming able to leave you daytime job in order to trade as a professional, you will also have to put in the hard work. If you would like to learn more about binary trading, click here!