Think Like A Forex Investor – Not A Forex Trader
It might come as a surprise… but how you think of yourself plays a role in your success!
Many people set out to be successful Forex traders, but few achieve their goals. In most cases, they get off on the wrong foot and completely sabotage their ability to succeed right from the start. You see, the goal of becoming a Forex “trader” could be exactly what is holding you back.
To succeed, you need to develop the proper “identity” that aligns itself to what you are doing and the results you are getting. Otherwise, you’ll never be happy with your results.
Let me explain a little better how this applies to trading the Forex market successfully…
- The first thing you need to do is start thinking of yourself as a business owner, not gambler
- The second thing you need to do is start thinking or yourself as an INVESTOR, not trader
When you think of yourself as a “trader” you are automatically taking a short term view of your participation in the Forex market. The focus is on the TRADE. And you will define yourself and your success by what happens to the individual trades you make.
- If the trade is a winner… you feel successful.
- If the trade is a loser… you feel like a failure.
Thinking of yourself as a trader creates a situation where you are going to be on an emotional roller coaster ride from one trade to the next, or one day to the next. These extreme swings in emotions causes a lot of stress… and not many people can handle the peaks and valleys for very long. It won’t be long before you abandon your trading method in search of something that makes you feel like a better trader (i.e. a trading system that wins all the time).
And a trading strategy that wins all the time just does not exist.
So, how do you avoid the pitfalls of thinking of yourself as a “trader”? Simple. Stop thinking of yourself as a trader!
Adopt the mindset of an INVESTOR, not a trader. When you think of investing, your mindset automatically switches to more long term. The activity of trading stops being about the TRADE, and becomes about your overall results over the long term.
- Investing in the Forex market is no longer about any individual trade.
- Investing in the Forex market is no longer about your results on any given day, week or month.
Thinking of yourself as an investor creates a situation where you are much more likely to stick with the trading system no matter what. There was a losing trade? So what, there will be other trades. Losing month? No problem, we are still up for the year. Mediocre year? That’s OK, the past 5 years have been great.
See how you identify yourself plays an important role in your success?
- If you think of yourself as a trader… you most likely fail.
- If you think of yourself as an investor… you most likely succeed.
We want you to succeed… so you need to look at Forex trading as a long-term investment opportunity. You are a business owner and should show your business the respect it deserves. And your Forex business is the serious business of INVESTING!
*****The Fastest Path To Forex Success*****
The fastest way to achieve your goal of trading the Forex market profitably is to copy the trades of an already profitable Forex investor!