Small Consecutive Profitable Transactions On Forex

Trading is not (and will never be) about making a lot of money in a short period of time. It takes time for an account to grow.

Most traders starting out have this notion that Forex trading is about making money quickly. WRONG! And trust me on this, either understand that concept well or don't trade at all.

Many people are impatient - they want to see great results and fast. Well, you have the casino for that... no need to waste your time in the Forex market.

Do you know what the traders BIGGEST enemy is? The anser is: GREED

I learned that the hard way (as probably 1000's of other traders have). Don't be greedy. Be smarter than 99% of those out there. Don't go over the top. Trade a good system, place small bets and be PATIENT. It will pay off.

Learn to control your greed - it is one of THE most important characteristics for achieving huge wealth. Take controlled risks, never let your greed take over your decision process.

You must understand that every Forex Trader has bad times and good times. Be ready to treat the bad times just as you would treat the good times.

A losing trade will happen at some point in time. Be it tomorrow, next week, next month, next year or 8 years from now. It doesn't matter, it will come.

Your job as a trader is to treat that loss with the same respect you treated the winners. Your job as a trader is to be able to manage your money properly so that when that inevitable loss does come, you will stay in the game and recuperate... not jump around to find another “solution” so to speak.

And talking about money management: If There Exists One Holy Grail In Trading, It Is

Money Management.

No matter how you look at it, from whichever angle, with whichever glasses... the KEY to long term wealth building is incorporating correct money management rules into your trading.

The markets are unpredictable, that’s a fact. We can never ever know what will happen tomorrow. We can only know what has happened in the past and base our future decisions accordingly. But that is in no way foolproof - I probably don't even have to mention it but I did just in case this is a new concept to you.

The bottom line in trading is to be able to grow your account, little by little, but constantly.