Forex Focus EP 11 – Risk Management in Trading Success
Trading is much more than just analyzing charts and executing trades. A major part of a trader’s journey involves overcoming psychological barriers and developing the right mindset needed to succeed in the market. In this episode of Forex Focus, we dive into the psychology behind trading, how traders can overcome mental hurdles, and the role effective risk management plays in maintaining a healthier mindset.
Forex Focus EP 10 – Celebrating Small Wins: The Key to Long-Term Success in Trading
In the fast-paced world of trading, it’s easy to get caught up in the chase for big profits. We tend to think that the only way we are winning as traders is if we are seeing success with each trade we take, but the true path to success lies in celebrating the small wins that happen along the way, even if they’re as simple as showing up and managing your emotions well. Whether you’re a seasoned trader or just starting out, recognizing and valuing those small victories can help you build confidence, maintain consistency, and ultimately, achieve your larger goals.
Forex Focus EP 9 – Continuous learning and adaptation
Forex trading for most traders is a marathon, not a sprint. It’s a journey that often evolves for most of us, and there is so much to learn along the way. In this week’s edition of Forex Focus, we’re diving into a slightly different topic—the importance of continuous learning in your trading journey.
Forex Focus EP 8 – The Power of Positive Reinforcement
Whether you are a pet owner or a parent, it is a known fact that one of the best ways to teach new tricks or to reinforce and encourage good behavior, there is always a reward that’s part of the process. Positive reinforcement can also be effective in our trading careers.
Forex Focus EP 7 – Building a Supportive Trading Community
As odd as it may sound to some, it really does take a village to find and sometimes even maintain success in trading. Without a mentor or a community to help you stay focused, you could very well find yourself quitting before you even get started. Sure the journey isn’t easy, but if you lock arms with like minded traders, the journey will definitely be worth it.
Forex Focus EP 6 – Managing Emotions Under Pressure
Trading in the financial markets can be incredibly rewarding, but it also comes with significant challenges, especially when managing emotions. One moment you’re feeling invincible and find yourself tempted to overtrade. The next you’re overcome by fear, closing your trades way too soon, OR greed kicks in and you start risking more than you typically would.
Forex Focus EP 5 – Setting Realistic Goals
“I want to make a million dollars overnight!” Says no retail trader in their right mind ever. While making a million dollars in the markets is a dream a lot of traders have, most of us know it is highly unlikely to happen overnight, and could very well take us years to accomplish. When approaching the markets, we need to do so with a clear mind, strategy, and realistic goals.
Forex Focus EP 4 – Developing Discipline In Trading
So you want to be successful in trading? The truth is, a lot of aspiring traders come into this industry with hopes of achieving success, but only about 10% actually do. What’s the difference between the 10% and the failing 90? DISCIPLINE. The greatest athletes and entrepreneurs we all know and love like: Mahamad Ali, Kobe Bryant, Steve Jobs, etc,weren’t great just because. They were great because they were committed to being great. They were relentless in their pursuit of greatness, and discipline was their greatest ally.
Episode 3: Mastering the Art of Handling Losses and Staying Positive in Trading
Volatility, emotions, and losses…OH MY! Hey traders, we want to ask you a question…did you get into trading to WIN or to LOSE? We’re willing to bet that you’re here, because you want to win baby. Like Jerry Maguire, you want the markets to SHOW YOU THE MONEY! This all sounds so enticing doesn’t it? Yet, what DO you do when you start to lose?
Forex Focus ep 2 – Choosing Consistency Over Strategy Hopping
So you’re having a great week trading. You’re following your trading plan and strategy and everything seems to be going your way. So far, you’re on a winning streak and nothing can knock you off your high. Then, suddenly things start taking a turn for what seems to be the worst. Your winning streak has just turned into a losing streak. “What the hell! I thought this was the best strategy. Why isn’t it working anymore? Maybe it’s not the right strategy for me.” Before you know it, you’re testing out a new strategy, and then another, and then another, until you’re going through trading strategies like you swap out your hanes.
