If you want to earn money, a lot of money, you will do that and no one will prevent it. There is no force over the trader expect wife or husband (if they exist) and God of course. There is no other person the trader subordinates. And the most important for him is self-control, self-discipline. In every person together with the instinct of self-preservation there is an instinct of self-destruction. The reason of all fortunes and misfortunes of the trader is the market, not “incorrect” behavior of the rate of exchange, not bad weather but he himself. That is the will of the person, self-discipline - is the most important aspect that determines the success of the work. And the trader amateur becomes the trader professional and then the master, improving not only his knowledge but also his will qualities. And exactly all this takes years of hard work, on the overcoming and subjecting yourself. By the way, let’s say several words about education. The person having learnt economy can talk about that very good, give lectures, consult and not to use all his knowledge in his private life. And that is exactly the actual state of affairs.
Knowledge in no way influences the person’s behavior. In his acts the person reflects his habits, skills, stereotypes, models but not knowledge. That’s why the books about person’s change have so little effect. The situations, which the person experiences very deeply, may change him. They are situations where the person is not just the observer or the reader but also the active participant and has to change his stereotypes to solve the situation. To change and create the new model it is necessary for the person to open and go through the truth by himself. To learn how to trade you should trade! Pay attention how effective on the field of trade the representatives of some Asian countries! They don’t teach how to sell; they sell, get profit, and extend trade. Having lost everything - they don’t start writing books or sweep the streets, but they start trade again and again achieve success but on the higher level.
The second and the last quality of the trader, which guarantees the success of the trader, is his self-confidence, confidence in his abilities.
The world literature and American hits have created the image of the hero (the positive person). One of the main features of the hero is that in any situation he doesn’t lose his self-confidence. It is no matter in what difficult situation he appears the hero is sure that all will be good. But normally we are confident when everything goes well and lose confidence as soon as problems start. It occurs that we rely on past successes and each failure undermines confidence. But exactly when you have a failure you need confidence. That’s why it is necessary to break the connection between our past and the present situation and to get confidence based on nothing. The confidence based on the success will let you down when you need it most of all - at the moment of failure.
That is to paint this vicious circle - success - confidence - bigger success - bigger confidence -you see that you should start with the confidence but not with a success because you need confidence for success but not success for confidence.
It is vital to gather as much knowledge about Forex as possible. Because this knowledge will help you not to lose much money on Forex trading or Forex investment.
Surely not a single piece of knowledge can be a 100% guarantee against losses, in particular on Forex, but sometimes just one Forex book can save you much money.
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