Wise Words for Forex Traders

Take your eyes off those charts and forget about your Forex trading strategies for a few moments. A good way to learn Forex trading is to take a few breaks from your studies, so sit back and relax with us for a while. This time, we’re focusing less on jokes than on words of wisdom that you’d do well to memorise if you really want to know how to trade Forex successfully

 

Making the best

Here’s a pearl of wisdom from legendary basketball ace John Wooden: “Things turn out best for the people who make the best out of the way things turn out.”

 

Inner vision

Staring at a chart and drawing a blank? Is it just a mass of meaningless candlesticks? Sometimes, staring at what’s in front of your eyes is looking in the wrong direction, and you can make more sense of a chart when you look somewhere else. As the great psychologist Carl Jung put it: “Who looks outside, dreams; who looks inside, awakes.”

 

How to get back on the saddle after a fall

No one can avoid the occasional wince-inducing loss when trading Forex. If your confidence has taken a knock, and you’re worrying about opening your next trade, then remember these words from the great poet Khalil Gibran: “Yesterday is but today’s memory, and tomorrow is today’s dream.”

 

When it all seems too difficult

The great tennis pro Arthur Ashe unintentionally delivered one of the best Forex training tips ever when he said: “Start where you are. Use what you have. Do what you can.” This is a great antidote to the Forex trader’s biggest enemies: greed, panic and misplaced faith in luck.

 

Breaking bad patterns

Forex trading strategies are vital to success. But have you chosen the right one for you? If you’re getting nowhere with one method, then it’s useful to remember that you can always drop it and find a new strategy. Or, as Albert Einstein once put it: “We cannot solve our problems with the same thinking we used when we created them.”