Are you looking for a foreign exchange tutorial that will actually help you make money? Read on and we can teach you the secret to success in forex trading right now – for free.
FX trading is a risky business as I am sure you know. It can also be extremely confusing. If you do an internet search you will find so many forex systems, plans, strategies, tactics, and techniques that it will make your head spin. All of this seems designed to get you to buy into yet another system that will probably be no better and no worse than the one that you have already.
Many times, traders are easily diverted even though they know that if they could only stick to one thing consistently they would have a much better chance of success. So what drives us away from the path that we know could lead us to success? The answer, almost all of the time, is fear.
Fear of failure
We may be under a lot of pressure to make money with forex trading. The pressures can be internal, in our own minds, or external, coming perhaps from a spouse or friends who challenge us to make good and make money. At the same time, we may lack confidence either in ourselves or in our system. We keep seeking out more foreign exchange tutorial information instead of getting started with actual trading.
Getting over the fear of failure is pretty simple if you can start to see everything as a learning experience. In this way of looking at life, there are no mistakes, only learning opportunities. It will help if you reduce your stress by keeping your risk low and testing your system thoroughly in demo before going live.
Fear of success
Fear of success is often harder to deal with and it is surprisingly common in our culture, especially if we have grown up in a family or subculture where successful people are disliked or mistrusted. Parents often instill the fear of success in their kids without even realizing it.
For example, your parents may have taught you that being good or popular was more important than being financially successful. Fine, except that it is easy for a kid to interpret this as meaning that successful people are not good or popular.
Often this belief will be internalized so that as you grow up you are not even conscious of it. But as soon as you get anywhere near financial success, something always goes wrong. You screw up. Why? Because somewhere deep inside, you believe that if you are successful, you will be a bad person and everyone will hate you. That’s fear of success, and it will wreck your chances of making money from forex trading if you do not deal with it.
Master your fears: the secret to success
You can help yourself out by taking small steps to success. Trick yourself by setting small, easily achievable goals that pretty much anybody could do. Do not have goals that involve huge amounts of money or luxury goods. Do not let yourself daydream about those things, either. Concentrate on increasing your funds by 20%, then when you did that, another 20%. Nobody is going to hate you for having 20% more in your investment account.
If you need further reinforcement, take a look at some successful forex traders that you know online. It will soon be clear that they have not become different people since they learned to trade currency profitably. In the end, all you have to do is give yourself permission to be successful. That is the message of this foreign exchange tutorial.