A successful trader should be modest. You should accept that not every trade can be a profitable one – taking losses is part of the game. If you expect to be always on the right side of the market you will make poor decision which will affect your long term performance negatively. If you have unrealistic expectations you leave a lot of room for disappointment. If you stick to your trading plan and execute the trades accordingly profits will follow automatically. Profitable traders are market enthusiasts and are dedicated to their profession. Forex trading is not necessarily easy and you will need to invest a lot of time to learn the necessary basics and gain relevant trading experience. The Forex Championship platform is a good place to start because here you can compete against other aspiring traders without risking your own money. You need a certain level of experience and “market instinct” in order to be successful in the long run. You can’t become an expert golf player in one week – it takes time. The same applies for trading. You have to have a passion for the market otherwise you will give up sooner or later. Sooner or later you will discover that trading is not as easy as its seemed at the beginning. Do not make the mistake and try to solve that issue with an overly complex approach using too many variables and indicators for your trading decision (KISS principle: keep it simple ans straightforward). It is usually best to search for a trading strategy which is not too complicated, the simpler the better. Your trading rules should be defined properly and there should be no doubt about the execution of these rules. You should also have precise rules not only about the entries but also about the exits of a position. Define profit targets and close the position once this target is hit. You also need to define rules regarding your position size. A rule of thumb here is that you should not risk more than 1 % of your trading account for each trade. Join us today and win fantastic prizes on the Forex Championship!