Sometimes I have give up from trading and after few months returned back to trading. When I changed my thinking in way where the trading will not be my only career and it will be side job income I have started to care less.

My trading results were not focused on earning a lot of money. I could open smaller trade with smaller gain and eventually my trading account started to grow. Because I did not care to much on the account balance my trading results were pilling up and money started to flow.

If I have enough money on the trading account I could double it up each year. And by using compound effect I could become millionaire in a 10 years. That is the road I am right know on and I will maintain the same goal for the future trading.

You should think about doing the same if you are struggling and you want to see some progress in trading to become better trader. I have already said that the the problems were too much open orders and too high volume on each trade. When you open too much orders or with too high volume you spent Free margin too fast. That way you do not leave any space for the trade to breath and if the price move against you, your trade will close with stop loss.

Each trade you open must have space to breath, at least for the daily average pip range on the trading pair you are trading. When you give enough space for the trade, the price will go up and down without hitting your stop loss. What turned my trading around to become better trader was not opening too much trades.

One or two trades that leave me Free margin at half or even more. I have reduced the volume to the lowest possible so my trades can be losing without losing to much money on my trading account. Even with smaller number of trades and with less trading volume on each trade I have managed to be profitable and satisfied with my income.

The reason was in my larger account balance which provided me enough trading balance and enough profit even with the small volume, like micro lot size. One thing you need to remember from this part of the post is that you need balance that will give you enough profit with few percent. Large balance will allow you to have wider stop loss where you can open less number of trades but also to have enough profit when the trade close.

You will avoid over trading with to much trades open and you will avoid Margin Call which is activated if you do not have enough Free Margin. All above said would not turn my trading around to become better trader if I did not change the way of using the charts.

By that I mean charts without to much indicators and charts with clean bull and bear candlestick. I am using white background with white and black candles. You can check my Metatrading 4 chart settings where I have show how to setup charts on the Metatrader 4. The trading strategy I am using is the price action where I search for certain candlestick patterns that have proved in the past. When I combine clean charts with price action I have clean chart with clean trading signals.

That way I have bypassed the messy charts with many indicators. I have tried many trading strategies and EA to get the best result but I could not stick to any to long. In the period I have used them I did not make any profit. Only when I have continued using the clean charts and clean trading strategy with the risk management my trading results were improved. My trading turned around and I have seen results which were the findings I was looking for.

What I can suggest from my experience to turn your trading around and become better trader is do not chase for quick money. You should not chase the idea becoming rich over night by trading on the Forex market. That way of thinking will pull out the worse from you regarding trading. Eventually it will lead you to lose all of your money you have invested. You need to focus on smaller goals, control emotions, invest in the trading knowledge, use the trading strategy with trading plan, control your risk on each trade and plan to trade for longer time period.

I have made FREE PDF for you where you can download the list with points which turned my trading around and give me steady income. You can use them and test do they help you or you can use them and modify in a way that suits you. A Forex trader since I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners.

Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis. What is Forex Trading for Beginners. What is Forex Tutorial for Beginners. What Does Forex Mean.

What is Forex Industry. Forex Market Hours Trading Session. Forex Sport Options and Futures. Now back to you: how many mistakes you make in forex trading that you continue to do time and time again?

What would happen if you stop completely doing all these mistakes? You may be just 3 feet away from gold and one more dig of the shovel and you will hit the gold vein and BAM-the gold starts flowing. This is a moment where you understand or come to a realization of something you have previously not fully understood.

It is this moment that will help you in the future. The narrow path leads to success in forex trading. Things can only get better from that moment on. I will share with you some simple strategies and tips that you can use to get you started in the right direction so you get closer to your gold. You need to pick a trading strategy, commit to it and then perfect it.

Rain or sunshine, stick to it. Success will follow when you do that. One of the reasons many traders are not making money at all is that is that they are jumping here and there. This is called trading system hoping.

Now every trading strategy out there has its weakness. For example, if you using a moving average cross-over strategy, you know that this trading strategy is a really good if the market is trending nicely. If the market is ranging or going flat, you will get too many false signals and your stop loss gets hit. What happens when a trader starts using a system in a market condition that is not good for using this system?

So after a month of trying this strategy, he thinks the strategy is rubbish and looks for another one to try. But if he could have just waited one more month, the system could have performed extremely well and all the trading loses for the previous month could have been insignificant compared to the profits he could have made.

Now, the trading system is all about rules…when this happens, you buy here or sell here. You need to continue to follow your plan even in losing streaks. Eventually the system will win if you stick with it. As I said above, every trading strategy is designed for certain market conditions. So right now you may be in a market condition where the trading strategy is getting beaten up so bad. See it through. You need to maintain consistency…. This applies to trading as well.

To have a trading edge, you need to really stick to the same system regardless of what is happening. And after a period of time, when you take into account all the wins, loses and breakeven trades, you will see that you are doing well. But when you stop in the middle just because of a few trading losses and start trading a different system, you really kill your edge. When the market conditions are good for your trading system to perform well, you will have winning streaks and make a lot of money.

This tends to make many traders confident and aggressive and cocky. They feel like they are the king of the forex market. The sooner your realize that the winning streaks are gone and know by the name what that old fella in your head is greed saying, then you will survive.

Otherwise, you will blow your trading account. The conditions can be perfect for a buy or sell signal based on your trading system but then a news comes out and your perfect trade turns into a loss. These things have nothing to do with the strategy. Keep your cool, keep your edge and keep going. Trading system hoping from one to the next looking for the perfect trading system, the holy grail that will make a million dollars in a month. Then why did you do it?

Because you wanted to get rich overnight! Greed right there again. You cannot be trading for a few weeks or a few months and you think you can be a profitable trader.

Far from it. You cannot succeed with only a minimal time exposure to your charts and trading system. Apart from picking a trading method and sticking to it, you need to make a commit to yourself that you are going to study the method and perfect it. You also need to pick a method the fits your personality as well.

Pilots and doctors takes years of study to become what they are. Traders too need that kind of time to become successful. For some of you, you may have been trading real money for some years now and even now you are still not making money yet.

But Hey! Your education is not yet over! If you are very smart and think you can succeed with only a minimal trading education, be my guest.

As if to answer my question: out of the corner came a little girl, about 4 years old, she was her daughter. Her two little hands were very small in comparison to the massive donut she which she was eating and she was chewing on that huge donut like there was no tomorrow.

That image of that fat mum walking past with a grocery trolley obviously full of junk food and a fat 4 year old girl hungrily eating away a huge donut whilst following her mum has stuck in my head since then. Poor kid had not control over what she ate. She was only a child. The mum and possibly the dad have really poor eating habits, eating too many junk food. This was passed on to their children. But you get the idea? Your health is mega important if you want to succeed in forex trading.

A successful forex trader is a healthy trader. If your health is not in top shape, whether you realize or not, your trading will be affected. You may get overly emotional. When it comes to health, you need to be at the top your your game.

Eat well, sleep well and at least do a little bit of exercise or morning or afternoon walks to stay in shape if you are not in shape. Many traders want to make so much money too fast! They want the money now, this week, this month. Its like they are in a trading competition with everybody else. The other major reason why you really need to prioritise your health is because you need to be at the top of your game. You need your memory to be functioning at the best that it can and the quicker you can think and act, the better you can trade and obviously the better your results are more likely to be.

When you are not well or you are run down, this will affect your performance whether you realise it or not. If you are a bit off you won't think as clearly which means you won't act as fast.

You won't be able to count or add up as fast and your memory won't be as sharp. You are also a lot more emotional when your physical body is weak or run down. I am sure you know the feeling of how much easier it is to feel strong in the mind when the body is also feeling strong. Whilst you may not read too many other Forex blogs discussing your health, to start your Forex trading year off on the right foot you need to prioritise your health because it can have a HUGE impact on your trading results.

Please make sure that you get your body and mind in order because as we know trading is done in the mind, not with the hands and for this we need to be fit and firing to be successful. You can read more about how you can do this with certain key supplements with the trading lesson;. We now have a new year in front of us and that is really exciting!

A really huge mistake that a massive proportion of especially new traders make is trying to make a lot of money too fast. In other words; these traders are trying to make a heap of trades and make huge percentages of their account in record time. They are trying to make their fortune in one night or one week. It is a bit like the system hopper, trying to make their riches with the different systems.

The problem with this is that it nearly always ends badly. Overtrading is the number one trading account killer — bar none. Whilst the trader thinks they are going to make a killing and they have all their sums worked out of how much they are going to make, what really happens is that they make a ton of trades really quickly that liquidate their account, and fast.

The best thing traders can do for their trading is to switch their mindset around. Whilst every trader in the world wants to make their money as quickly as they can, every trader also wants to be successful longterm as well and the switch that really helps is to switch from trying to become rich in just one night to thinking more longterm with your trading. With this mindset you are going to change from only thinking about making as much money right now to thinking about over the next medium to longer term period.

Because I am thinking this way I am more relaxed. It allows me to take only the very best trades when they come up. As soon as you change to this mindset it allows you to start thinking with a trading edge and that is the most important part of all. When the trader is trying to make their riches in one night they are not thinking with an edge and by trading like that it shows that they believe they don't really have one. When you make the change to longer term thinking it does not influence your ability to make money any less fast, but it does allow you to think with an edge, which is crucial.

Thinking and trading with a trading edge means that you will have a lot clearer mind that has a lot less stress and you are not pinning your whole trading business on winning every trade, but coming out on top overall after your edge works out. You can read about exactly what a trading edge is and how you can create one of your own here;.

Transform Your Forex Trading With a Profitable Trading Edge. A lot of traders especially new traders think that the more they trade, the more they are going to make and whilst obviously the more trades you make the more chances you have of making money, more does not always equal more and with Forex trading it often does not. Those traders that have the discipline to wait and play the best setups and not blow their money every time any old setup comes along are the traders who more often than not out do the market, not the traders making the buckets of trades.

Whilst most traders are wanting to make a lot of trades, what they should be aiming for is making money and turning a consistent profit like a normal business. From there the trader can ramp it up and try and make more and more trades, but to start with profitability has to be found and with consistency. The best way to do this is by being the sniper trader hiding in the bushes waiting patiently for the optimum targets to come along and then when they do taking just one shot to take them down, rather than standing way out in the open with a shot gun splattering bullets everywhere hoping that a target gets hit.

At the start of the year we have a really excellent time to sit down, take stock and firstly go through and be grateful for the goals that we have achieved in the year just gone.

It is super important that we acknowledge our goals as we achieve them and we celebrate them. It is no good just making goals to just tick them off a list.

They need to mean something and really be enjoyed when we reach them. It is important that you get into the habit of celebrating them. For example; when traders first become profitable I often tell them to first spend some of their profit on themselves or buy something nice for their partner, but just use part of that profit to reinforce that the goal has been reached. A huge reason a lot of people including traders don't reach their goals is because of how they set up their goals and then how they go about achieving them.

Whether you are setting a goal for three months, one year or five years, you need to first really sit and think about it and visualise it. Make sure this goal you are thinking about is super clear in your mind as if it were happening in the moment and, then write it out.

The reason I say to then write it out is because your goals need to be really clearly defined. Goals that are just wishy washy and unclear are going to leave you feeling the same when you are grasping for inspiration and guidance. Your goals need to be clear, have a timeline i,e; three months or five years etc. I personally am very private and do not let others see my goals and keep them in my wallet.

This means I see them many times a day because I have them written on a flashcard next to my business and credit cards. When setting your trading goals you need to make sure that you set them around your trading processes, the way you want to trade and all the things that you can control. What you want to make sure you stay away from is setting goals around how much money you can make or how many trades you can make. The reason for this is because you cannot control the market or what it does and by setting goals over these things it can often lead to pressure to force the market to reach a goal.

An example of this may be to play extra trades when the trades are not there to be played because the trader wants to reach the monetary goal they have set for themselves. It is now over to you; I hope you take these strategies and put them to good use. One final word; a major proportion of a traders success is defined by how they think, act, cope and are mentally when placing and managing their trades.

by Frano Grgić Jun 11, Forex Trading Questions. Forex trading question is — what turned my trading around as a beginner in Forex trading to become better trader? There were times when I feel like giving up and sometimes I have give up for few months and returned back to trading.

I did not know does the trading can give me money or trading is useless where you only lose the money. It passed long time trading and losing the money in the market until something turned my thinking around and seeing trading in different way. Way of trading, thinking and acting has changed in better direction where the trades have start to give better results. I have made conclusion that the only thing changed was the experience I had acquired through time.

I saw the trading with different eyes and I have confirmed what I was reading on the Internet from others. Here is Forex truth and my findings what do I think that you need to change if you want to see better results. At the start of trading career I did not care to much about the emotions that are influencing the trading. I even did not know anything about emotions in trading and that they are affecting me.

Through time I have read that the fear and greed are among the influential emotions in trading. And it has shows as the truth because when I dissect the trading problems into small problems I see emotions influence. Emotions are messing with your head and change they way you see the market. It makes you act differently on the trade you would execute on demo account, without emotions, in a correct way.

But on the real account everything changes. I see each trade differently and when I want to open the trade I start to wonder will I lose the money or not. And is my trading signal good enough because I do not want to lose that money. From the other side I start to check the market and when I see trending market where the price is heading in one way I am eager to enter into that trade.

I want to be in so I do not miss all that money. But I also think when the trend is over so I know when to exit with profit. If I enter into trade will the price reverse and I will I lose all the money. When I have changed the way I think and when I push back emotions influence I start to see the market more clear. My decision does not make me feel differently and when I open the trade I open it like a robot.

If the market moves against me I have set stop loss with acceptable loss. When Stop Loss activates I just start to move forward looking for another trade.

But this way of trading I cannot hold for to long. If I stay to long trading I start to lose my focus and when that happens I see trading signals less clear. I see more trading signal which most of them become very bad signal. Then I make a rest and move away from the market. I am away from the market until I feel ready. And being ready is to see the trading signal like a robot. I have stopped caring to much about the trading and trading results become better.

I still care about the trading but it does not affect me. I had very high expectations at the beginning of a trading career. I had a plan to retire with my 30 or at least quit my daily job and only focus on trading the Forex. At that time I was around years old and I was on a college. It was really big goal and I have started to do my best to reach trading results.

But it did not happen. My trading results where bad and I could not become consistent Forex trader. I was losing the money and losing very fast. I have open trades with large volume where the one or two bad trades wiped whole trading balance.

If I have open more trades with smaller lot size I was over trading which led to the same result. Eventually I have lost my account balance. And that was the time when I have done same trading mistakes in a circle.

Sometimes I have give up from trading and after few months returned back to trading. When I changed my thinking in way where the trading will not be my only career and it will be side job income I have started to care less. My trading results were not focused on earning a lot of money.

I could open smaller trade with smaller gain and eventually my trading account started to grow. Because I did not care to much on the account balance my trading results were pilling up and money started to flow. If I have enough money on the trading account I could double it up each year. And by using compound effect I could become millionaire in a 10 years.

That is the road I am right know on and I will maintain the same goal for the future trading. You should think about doing the same if you are struggling and you want to see some progress in trading to become better trader. I have already said that the the problems were too much open orders and too high volume on each trade.

When you open too much orders or with too high volume you spent Free margin too fast. That way you do not leave any space for the trade to breath and if the price move against you, your trade will close with stop loss. Each trade you open must have space to breath, at least for the daily average pip range on the trading pair you are trading.

When you give enough space for the trade, the price will go up and down without hitting your stop loss. What turned my trading around to become better trader was not opening too much trades. One or two trades that leave me Free margin at half or even more. I have reduced the volume to the lowest possible so my trades can be losing without losing to much money on my trading account.

Even with smaller number of trades and with less trading volume on each trade I have managed to be profitable and satisfied with my income. The reason was in my larger account balance which provided me enough trading balance and enough profit even with the small volume, like micro lot size. One thing you need to remember from this part of the post is that you need balance that will give you enough profit with few percent. Large balance will allow you to have wider stop loss where you can open less number of trades but also to have enough profit when the trade close.

You will avoid over trading with to much trades open and you will avoid Margin Call which is activated if you do not have enough Free Margin. All above said would not turn my trading around to become better trader if I did not change the way of using the charts. By that I mean charts without to much indicators and charts with clean bull and bear candlestick.

I am using white background with white and black candles. You can check my Metatrading 4 chart settings where I have show how to setup charts on the Metatrader 4. The trading strategy I am using is the price action where I search for certain candlestick patterns that have proved in the past. When I combine clean charts with price action I have clean chart with clean trading signals.

That way I have bypassed the messy charts with many indicators. I have tried many trading strategies and EA to get the best result but I could not stick to any to long. In the period I have used them I did not make any profit. Only when I have continued using the clean charts and clean trading strategy with the risk management my trading results were improved. My trading turned around and I have seen results which were the findings I was looking for. What I can suggest from my experience to turn your trading around and become better trader is do not chase for quick money.

You should not chase the idea becoming rich over night by trading on the Forex market. That way of thinking will pull out the worse from you regarding trading. Eventually it will lead you to lose all of your money you have invested. You need to focus on smaller goals, control emotions, invest in the trading knowledge, use the trading strategy with trading plan, control your risk on each trade and plan to trade for longer time period.

I have made FREE PDF for you where you can download the list with points which turned my trading around and give me steady income. You can use them and test do they help you or you can use them and modify in a way that suits you. A Forex trader since I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.

What is Forex Trading for Beginners. What is Forex Tutorial for Beginners. What Does Forex Mean. What is Forex Industry. Forex Market Hours Trading Session. Forex Sport Options and Futures. How to Start Forex Trading. Free G Trader Email Course. Forex Trading Beginner Online Course.

Forex Beginner Course Free G Trader Email Course Forex Trading Beginner Online Course The Best Forex Trading Course for Beginners. By that I mean charts without to much indicators and charts with clean bull and bear candlestick. This was passed on to their children. For example; Doctors, Lawyers or Pilots all have years of study before having any earning capacity and with Forex trading the major difference is that the limit on how much a trader can earn is only capped by how good of trader they are. A lot of traders especially new traders think that the more they trade, the more they are going to make and whilst obviously the more trades you make the more chances you have of making money, more does not always equal more and with Forex trading it often does not. The leveraged nature of forex means you can achieve huge gains in such a short period of time. But on the real account everything changes.

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