Always be optimistic with your trading performance
Posted on: 16 July 2019 by Philip Johnson
Many people want to know if they are doing the right thing by keeping expectations alive.
As we all know, Forex is confusing and it is easy to lose capital in the event of the slightest mistake. The trends and volatility all seem easy until capital has been invested. The moment people go live, all hell breaks loose. There is chaos and everything planned started to fall apart. In the face of this, hope is the only way to keep up the inspiration. This article will explore whether the concept if being inspirational is good or if it is actually hard on a career.
There is no consensus among the investors but bear in mind, the greatest lessons in life are always learned the hard way. No person expects this but this is how the novice traders in Hong Kong become matured. Many traders lose confidence while many keep up this quality and keep planning for the future trend. This article will try to explore two different lenses and provide clarifications about the selected opinions. Do not think the other group is right or wrong, it all depends on the grounds from where the person is standing. The same chart can be explained differently by two traders, the reason is the depth of knowledge and previous experience.
Always trade with confidence
Confidence has always been a key to success in any business. The smart traders in Hong Kong buy stocks with Saxo based on simple logic. But due to their strong confidence, they easily overcome the losses and make maximum profit from this market. Try to think like them so that you can survive in the long run. Forget about quick gains in this market as it never works. As a fulltime trader, you have to understand how this market works in the long run. Only then you will be able to make a profit from this market.
Optimistic is preferable
First of all, we are going to explain why the remaining hope is crucial for future performance. In the professional currency trading business, there are numerous risks involved. From account opening to managing the fund successfully, there is a chance of being scammed at every step. If this cannot rile you, know that sometimes brokers are found to be engaged in fraudulent activities.
Thankfully, the legal Forex authorities can identify those dishonest service providers due to their strong monitoring of transactions. If a person gets disappointed before investing capital, there is no way to make a career out of currency trading. This is not to dishearten the investors but the live sector is full of dangers. At every stage of the career, there will be some big failures. Only optimistic people have the courage to stand up again and keep pursuing their dream. For the others, it calls an end to their involvement in the profession.
If this is not enough to motivate you, know the majority of the investors lose in Forex. In percentage, this is an alarming 90% of traders who have either lost fund or quit the career. How do you think the remaining 10% have managed to come out with profit? This is only the optimistic thoughts that have fueled all along the way. Depression and fear will strike, but only positive ideas can help to come out from these situations.
Too much enthusiasm can be bad
Those who are feeling pumped up, keep in mind crossing the limit results in disasters. While managing the fund, never try to undertake excessive risks. Impractical decisions never pay off, it is only a matter of time before the deposit is washed away. Dreaming is essential but if this continues to push you over the edge, keep your emotions in check. A perfect example is when an investor loses all the profit after maintaining an impressive winning streak. They begin to think this time is fruitful, the only reward will be made. This misconception guides them into overtrading until one wrong trade sweeps away their account balance.