Motivating Yourself to Trade

Filed under: Learn Forex Trading |

In order to be successful at anything in life, you have to have a very strong motivating force behind you to push you on when times are tough. Trading forex is no different. It takes a special kind of motivation to check your charts hours after hour, day after day, week after week, and month after month… And if you don’t have something extraordinarily strong motivating you, you will probably give up.

Now, I know what you’re thinking – that everyone who trades is motivated by making money; but money is only really a means to an end. So if you’re not sure exactly why you are trading, the question you have to ask yourself is – why do I need the money? For example, it might be to become financially free and independent. You might really hate having a boss and want to be self-employed. Or, you might need to make lots of money so that you can give your family everything that you want to give them. These are all good motivational forces that will push you along when things are not going so well.

 

Whatever your reason is for trading, you should remind yourself of this every day and imagine in great detail what it would be like to succeed. If you meditate on your own success, it is more likely to come true than if you meditate on your failure. The power of the mind is extremely strong and you can make things come true just by thinking about them! It’s true – they are called “self-fulfilling prophecies”. When you become terrified that you will fail, you inevitably do. This is not merely a coincidence. When you think about something, you are, in a way, training your mind to do it. That’s why golf player take a few practice swings and visualize where they want the ball to go. So keep yourself motivated and visualize your own success; in the end, it might just be the final ingredient to your success.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>