A TYPICAL JOURNEY AS A BEGINNER IN CRYPTO CURRENCIES AND FOREX TRADING MARKETS

A TYPICAL JOURNEY AS A BEGINNER IN CRYPTO CURRENCIES AND FOREX TRADING MARKETS

– Beginner’s luck.

You make some random profits.

You get over excited and start acting like a forex and crypto guru.

Instead of learning from the veterans, you raise your standards and begin looking for forex and crypto students.

– Losses

Your emotions start getting out of control.

You make huge losses because you cannot control your emotions before, during, and after each trade.

You abandon your trading strategy and start looking for a better one (a holy grail).

Every new trading strategy you come across seems to be the exact system you have been looking for because the results seem promising at the beginning, but things change when your emotions begin to overwhelm you.

You keep losing money in the forex market, you are now trapped in the cycle of doom.

– Exit

You have lost a lot of money in forex or crypto and now you are angry with the whole system.

You are worried about what your forex and crypto students may be thinking of you.

You are left with two options only:

Uninstall the MT4/MT5 trading App or go low-key and start learning fresh.

– Upgrading

You remember what made you become a forex trader and spend a few days thinking, unthinking, and thinking again about whether you should quit or look for a LEGITIMATE forex mentor to hold your hands.

– Journey with a Forex mentor

A veteran forex mentor helps you to understand what you were doing wrong and what you ought to have been doing instead.

You learn about risk management, how to control your emotions, when to enter and exit trades, etc.

You trade on a live account alongside the Forex teacher.

He/she watches your progress and helps you navigate trading challenges in real time.

You realize that success in forex trading does not come overnight and you decide to stick to the slow but sure journey.

You begin to disconnect your mind from the lifestyle of the “wealthy social media forex traders” because now you understand that most of them are not real traders but marketers.

– Success

You depend on your well-crafted trading plan.

NOTHING ELSE!

The profits you are making are not only enough to cater for your bills but you get to keep some amount for reinvestment into the forex market.

You stop making too much noise on social media to prove a point.

You are now untouchable 😊

Managing your emotions is a big part of investing and trading.

FOMO is just one of the emotions you’re likely to feel, and it can sometimes lead to inefficient or irrational decisions.


TAKE A LONG TERM PERSPECTIVE

Don’t expect to get rich overnight.

Forex and Crypto trading requires patience and discipline, and it’s important to take a long-term perspective.

Focus on building your skills and gradually growing your trading account over time….

Try change your mindset and expectations, be REALISTIC.

Maybe you can be the best trader out there.

No one started for sure knowing what they are doing.

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So as you start your journey as a beginner in Crypto Currencies and Forex Trading you have to trust the process…….one day you will make it if you believe in yourself.