Well, I just wrapped up a very grueling week of travel. I didn’t even have time to open charts once this entire week. That’s ok, because forex scalping with the Logical Forex Indicators will always be there – ready and waiting – to fit into MY schedule.
One of the most significant things we try to get across in our training and instruction is this – DON’T FORCE TRADES! If more people would listen to this simply piece of advice, they would be consistently more successful in their trading. Anybody who has it in their heads that they need to make a certain amount of pips per day – or even per week – is mentally setting themselves up to force trades. Think about that for a minute. Can you see how truly self-defeating that could be?
With Logical Forex, you have the ability to wait for an optimal super-high probability setup. Sadly, many people will trade Logical Forex simply as a breakout system – whenever price breaks the Magnet Line, they take a trade. Why? Because they are not patient. Because they can’t sit by and pass up a possible trade. Because they need to make their daily or weekly pips. I say, stop the madness!
- Trade forex like a business.
- Quit treating it like some sort of hobby or mindless entertainment.
Some business owners will go through an entire day and not make a sale. Why is it so hard for somebody trading forex to proceed under the same mentality? Don’t believe all the hype that is perpetuated within the forex industry. Trading take skill and practice, but is also take patience. Not taking a position in a trade is still taking a position – a position to preserve your trading capital. Got that? Sitting on the sidelines is not always a bad thing. Most of the time, it is a smart thing.
If you will sit and wait for that optimal trade, you will amaze yourself at how quickly you can build up your account size. Don’t believe me? Check out the Secret Forex 4.2 Formula. Compounding is one of the most beautiful things in all of finance. Instead of thinking so short-term (I need to quit my job tomorrow, I need to make a million dollars next month) think more medium or long-term. Think thinks like in a few years I can pay cash for a new car, or I can pay my house off much sooner, or I can build my nest egg for retirement. This will take much pressure off of you to perform in your trading every single day or week, and by compounding you will soon see how forex trading can help you fulfill your goals. Honestly, when you take that sort of pressure off yourself, trading does become much more fun – and much less stressful.
Be patient, be diligent, and be smart about your trading. Stop forcing those trades!