How To Get Consistently Profitable In Forex Trading
In this Montreal Forex trading vlog, I discuss a strategy to get consistently profitable in Forex trading. That is, without a doubt, the #1 goal for 95% of the people I talk to. Vlog #180.
It (often) ends up being a bad goal. That is because it doesn't make the distinction between outcome goals & process goals.
Instead, focus on process goals.
While you definitely need both types of goals to succeed in trading, process goals are what will help you make every day a small victory in your quest of becoming a consistently profitable Forex trader.
A Few Definitions…
An outcome goal is a goal that isn't under your control. It's the big picture. (source: YSC)
Process goals, on the other hand, are all about the process. They are about doing the right thing, regardless of the outcome, knowing that the right activities will lead you to ultimate victory. (source: Develop Good Habits)
Celebrate The Steps As You Get Consistently Profitable…
What's ultimately great about process goals is that they allow you to feel like a winner who's moving toward your goal every single day. Your outcome goal – to get consistently profitable in Forex trading – might be far, but at least you know you're doing the right thing.
It made a huge difference for me. Figure out your process goals (what you can do daily), and then track your progress until you start to see yourself getting closer to your ultimate outcome goal.
That's a pretty short video. Definitely, let me know if you like the format…and don't forget to subscribe!
If you are aspiring to trade for other people while traveling the world, you might want to consider checking out the Desire To TRADE Academy where I'll help you do precisely that!