Many traders begin their trading journey with the excitement and the highest hopes of achieving great success. They daydream about the day they will be able to quit their job, take their spouse on an all expenses paid vacation, buy their dream home or car, and live a life of freedom whatever freedom may mean to them. Very rarely do newbie traders consider how treacherous the trading journey can be, and for some like Reah Israel, they don’t realize their journey to profitability will take them nearly as long as getting a medical degree.
In this very first episode of Forex Focus, OFP’s Social Media and Community Manager, Reah, shares about her long and grueling journey to experiencing her first payout in trading. We will hear all about how her journey started, how long it took her to find success, and the lessons she learned along the way that have helped her to persevere in what she would consider as one of the most challenging yet rewarding journey’s of her adulthood.
Let’s Dive In!
My trading journey began in 2016, but it wasn’t something I initially wanted to pursue. At that time, I was pregnant with my only child, and it was my ex-husband who had a keen interest in trading. However, he didn’t have the time to explore it deeply, so he asked me to look into it. My immediate reaction was a firm “No.” The charts, the complex lines—it all looked incredibly intimidating.
Everything changed when I came across two women on social media who were full-time traders. They were traveling the world and thriving, and that was when I realized, “If they can do it, I can do it too.” It wasn’t just a man’s game. Seeing them inspired me to dive in, with the hope that if I could master this skill, I could provide a better life for my family.
At that time, I didn’t see my job as a sustainable option for the long term, and I was thinking about the future. I wanted to take ownership of my finances and be more financially independent. Trading appeared to be a way to achieve that and offer my son and me a better life.
Now, eight years later, I can look back and say it was one of the best decisions I’ve made. Trading became not just a career but a way of life.
One of the most valuable lessons I’ve learned in my trading journey is that trading is a marathon, not a sprint. Many new traders enter the market with dreams of making quick money, but they often overlook the importance of thinking long-term.
To truly master trading, you must approach it as you would any other significant skill—like becoming a doctor or earning a master’s degree. It’s a long-term commitment. Some traders succeed within a year, while others, like myself, take longer. But everyone’s journey is different, and it’s crucial to trust the process.
As a swing trader, my daily routine is relaxed. Unlike day traders who are constantly glued to their screens, I set my trades and let them run for days or even weeks. My process involves checking the charts at night before bed, looking for potential setups, and placing trades if I find any. If not, I wait.
I’ve found that I’m most profitable when I trade during the Tokyo session. While many traders avoid it due to its slow start, I focus on the end of the session and set up trades that can progress overnight. This approach allows me to trade effectively without being consumed by it, balancing my life and work.
Stress is an inevitable part of trading, but learning to manage it is crucial. When I’m on a losing streak or feeling overwhelmed, the best strategy is to take a break. This could mean stepping away for the day or even the week, allowing myself time to reset.
Doing something enjoyable, like grabbing tacos from my favorite taco truck, helps me clear my mind and return to trading with a fresh perspective. It’s essential to have activities that refresh you and provide a mental break from the markets.
For those interested in trading, it’s easy to get caught up in the excitement of technical analysis and potential profits. However, it’s vital to understand that your mindset will significantly impact your success.
Investing time in training your mind is just as important—if not more so—than honing your technical skills. The markets are unpredictable, and your technical analysis won’t always align with market behavior. A strong, disciplined mindset will help you navigate these challenges and stay resilient.
Remember, the market doesn’t care about your analysis; it will do what it wants. Your job is to be prepared mentally to handle whatever comes your way.
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