After trading for more than 2 years and actually making money one thing I’ve come to realize is that “THE STATISTIC IS REAL”.
I’ve met hundreds of people on my journey to becoming a trader. In that time I’ve built some strong relationships with a good majority of those people.
But one thing I’ve noticed is that 95% of them either gave up or disappeared. No longer trading. And that made me realize that the statistics about people that fail(aka give up) in forex are REAL.
I only talk to 2-3 those people regularly and even if they aren’t were they want to be, they are Still going hard!
Forex is tough, but I want you guys to realize giving up is not an option if you want this to be your dream. Why give up? Cause you blew an account? Because after 2-3 months you’re just not getting it? Because You haven’t make 1 million yet?
Can you go straight to the NBA with no experience? What about a doctor? I think that takes 8-12 years. How about a simple bachelors degree? 4 YEARS!!
I’m seeing this in the forums everyday
“Just started forex and I’m trying to quit my job”
“Just started and hoping to make a lot of money”
“Just started but Trying to be successful in “X” amount of time”
This is possible but the amount of work you put in will be the deciding factor in your success. I’m not trying to be rude, but it’s upsetting to see how people treat this market.
Social media is ruining your psychology. “Oh this guy just made 10k, oh he has a Lamborghini, oh she’s selling a course if I buy it I will also be successful”
You’re serious about trading?
Delete your social media’s
Get in the charts for 5-8 hours a day.
Get healthy
Meditate(if your into that, it will tell you a lot about your patience and yourself)
Stop playing videos games/hanging with friends on the weekends when you could be learning
Cut people off
Read trading psychology books(more than once)
Journal
Backtest/forward test on demo for 6 months.
Stop focusing on money!!
Can you do it?
I’m not here to offend but to inspire. I know what it was like to be lost, confused and greedy. I’ve spent thousands of hours learning and I’m still learning.
This is not a game, treat it a such. Good luck