Forex traders need to take time out as day trading is all about time. You need to have lots of patience. There are opportunities which you need to spot and make most of it.
I`m fully agree with you - trading success requires patience. Trader should be patient enough and make new attempts despite failures that would take place on the way to success. In fact, there are two types of patience. First one is the ability to wait long enough for the particular setup you are looking for and to avod making emotional trades made just to "do something" - it is quite common for the traders,especially for those came from other professions, to think that they should do something all the time during trading session. Actulally, experienced trader keeps watching for most of the time and acts only when there is a situation described in his trading plan. This approach helps to deal with overtrading that often leads to losses and underperformance. At the same time, patience is also needed to pass through all difficulties arising during the professional development of the trader. Many traders come to the market with expectations of fast profits, but in fact trading is one of the most complicated ways of making money, so it could take even several years to became consistently profitable. It is quite important to set proper trading goals and move towards them. Some of the traders spent many years to be able to trade for living while many traders are only dreaming about it. In other words, you should focus mostly on performace rather than on profit since it is muchmore important in long term perspective.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
