3 Forex Trading Habits That Almost Guarantee Results!
Ever heard of this saying?
“Successful people aren’t born that way. They become successful by establishing the habit of doing things unsuccessful people don’t like to do.”
– William Makepeace Thackeray
Well, it's very true!
If you do the core things successful traders do, you'll eventually become successful yourself.
I'm NOT talking about things such as “waking up at 4:30 am” or “being positive”.
Those have been repeatedly mentioned and aren't that effective in my opinion.
What powerful, yet uncommon habits can make a change in your trading?
I definitely learned this the hard way!
But I wanted to share with you what I learned over the years…
Habit #1: Connecting With Other Traders
I've discussed the importance of meeting and surrounding yourself with successful traders countless times.
It's what allowed me to go from struggling to profitable in less than 6 months.
If you're always around traders of your current level, it's very hard to progress.
But if you leave your comfort zone to meet better traders, you'll never regret that decision.
Watch: 3 Lesson On Being Mentored By Great Traders
Habit #2: Constantly Getting Fresh Starts
The idea of “fresh starts” is simple.
You should aim to get a clear mind as often as possible.
On the charts, that could be deleting all your drawings/indicators to start fresh.
In terms of lifestyle, aim to take a weekend away from home every 2 weeks.
The result of those fresh starts is for you to stay motivated and curious about trading and what you do.
You'll have much less discipline & focus issues
…if you're in the right mindset.
Watch: The Top 3 Technical Analysis Hacks
Habit #3: Improving Your Money Mindset
Your money mindset is defined by your thoughts and beliefs about money
…which eventually turn into actions.
While most people compare every price and try to save $0.05 on a can of tuna, you need to be comfortable with spending your money.
Similarly, trading losses shouldn't feel like a slap in the face.
They should feel like taking a step in the right direction.
If you can't do that, it'll be really hard to make a lot of money.
For instance, I spend around $5k on salaries every month.
I could get pissed off at spending that much…
But instead, I'm grateful to spend that money no matter what.
It's a huge growth compared to where I used to be!
Watch: “Train Your Mind To Make Money” – Rande Howell
I hope these habits make sense…
Let me know which one sounds the most useful for you right now.
As always, let me know if I can help in any way!
Keep crushing it 💪📈
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader (who has the chance to travel the world anytime) and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
You see, a lot of aspiring Forex traders lack the confidence to pursue their dreams. I'm there not only to help you develop your confidence but also to implement the tactics that are proven to give you results. You'll develop Forex trading discipline and the other skills you need in NO time!
Ultimately, you'll get to experience what a day in the life of a Forex trader truly looks like, but you'll also have to be consistent with your Forex weekly review!
I produce a traveling Forex trader vlog and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
All Products Used In This Video
- Camera: Canon EOS M6
- Tripod: Sirui 3T-35K
- Editing software: Final Cut Pro (Mac)
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If you got value from this video, you might want to consider checking out the Desire To TRADE Academy where I’ll help you develop a solid trading strategy, implement the things successful traders do, and more! That's all going to be done while you build a lifestyle you love!
If you are wondering how to put together a solid trading plan for trading Forex for others, I recommend you grab my FREE One-Page Trading Plan Template. It will help you simplify your trading strategy on a single page!