stay motivated

  • Thread starter Thread starter Ara
  • Start date Start date
  • Watchers Watchers 26
GrooveMasterX said:
Set concrete, attainable goals for the purpose of your trading adventure. Whatever the new strategy or the profit target maybe, with having specific goals, you will not be out of track.
Engage in perpetual learning. Read books, enroll in courses, and keep yourself abreast with the latest market developments. The skill of knowing will put you in a position to cope with anything.
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Absolutely! Setting clear, achievable goals and continually educating oneself are vital strategies.
 
Oli_jackson said:
Nothing keeps you motivated like making real money on the job, so grind until you start making good money.
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Yeah unfortunately without stable source of income, trading is challenging since you have fixed costs like rent, food, etc. Uncertain trading returns create additional pressure in this sense.
 
To stay motivated, especially when it gets tough, it's good to set clear goals and keep learning since markets change all the time. Also, keep a trading journal to track what works and what doesn’t. The key is to stay consistent.
 
MarthaBraun said:
Hi, I am Martha, new here. Came to learn how to trade. Any advice and recommendations appreciated.
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Welcome, Martha! Great to have you here 🙂 I would suggest you focus on learning one strategy at a time and don't hesitate to ask questions.
 
Chadpowell said:
Knowing that it is okay to be disappointed, it is okay to lose and even blow an account. Understanding them will help you be kinder to yourself. Knowing the reason that you should keep on is important too. You must know that you are doing this all to get richer, to be more disciplined, and to be who you want. Always, you don't need quotes; sometimes the inner you will come to rescue.
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This is such an important reminder 🙂 It's easy to be hard on ourselves when things don't go as planned in trading -_-
 
fargana said:
I think it's important to focus on the process instead of making it a source of income. I really like how I become more educated and well-versed in finance and this "reward" helps me to stay dedicated to trading even during periods of bad performance.
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That's a great perspective!
 
To stay motivated in Forex trading, set clear goals and continuously engage with educational resources. Join trading communities for support and exchange of ideas. Maintain a trading journal to track progress and learn from experiences. Practice stress-relief techniques to manage mindset and resilience.
 
zainpk said:
To stay motivated in Forex trading, set clear goals and continuously engage with educational resources. Join trading communities for support and exchange of ideas. Maintain a trading journal to track progress and learn from experiences. Practice stress-relief techniques to manage mindset and resilience.
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Agreed! Keeping a trading journal is a game-changer.
 
Antho said:
To stay motivated, especially when it gets tough, it's good to set clear goals and keep learning since markets change all the time. Also, keep a trading journal to track what works and what doesn’t. The key is to stay consistent.
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Exactly. Keeping a trading journal is crucial.
 
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Absolutely, focusing on the learning journey itself rather than just the outcome can be incredibly motivating. It's about embracing the process of becoming more knowledgeable and skilled in finance, which in turn fuels our dedication to trading, even when faced with challenges.
 
Ara said:
What are some effective ways for traders to stay motivated and committed to their lifelong learning journey in Forex, even during challenging times?
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hello there
Here is a tip which can help you stay motivated: To stay motivated and committed to lifelong learning in Forex, set clear goals, keep educating yourself with courses and books, join a trading community for support, track your progress with a journal, take breaks to maintain balance, and consider finding a mentor for guidance. Persistence is key, so stay curious and keep pushing forward!
 
camillaa said:
hello there
Here is a tip which can help you stay motivated: To stay motivated and committed to lifelong learning in Forex, set clear goals, keep educating yourself with courses and books, join a trading community for support, track your progress with a journal, take breaks to maintain balance, and consider finding a mentor for guidance. Persistence is key, so stay curious and keep pushing forward!
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Thanks for the great tips! Staying goal-oriented and connected with a trading community really helps.
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hansziegler said:
Absolutely, focusing on the learning journey itself rather than just the outcome can be incredibly motivating. It's about embracing the process of becoming more knowledgeable and skilled in finance, which in turn fuels our dedication to trading, even when faced with challenges.
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Absolutely, Thanks for the reminder!
 
Why did the forex trader stay motivated? Because he knew that even if he hit rock bottom, in forex there's always a bounce-back waiting to happen! )
 
Maybe the motivation for trading forex is different for each trader, I have the motivation to trade forex as a way to learn about investing in a high-risk business, maybe it's not easy to get rich from trading even though there are people out there who are successful in making money from forex trading. The potential for unlimited profits is that forex can become a long-term business.
 
Zerologic said:
Maybe the motivation for trading forex is different for each trader, I have the motivation to trade forex as a way to learn about investing in a high-risk business, maybe it's not easy to get rich from trading even though there are people out there who are successful in making money from forex trading. The potential for unlimited profits is that forex can become a long-term business.
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agreed. forex can definitely be a long-term business!
 

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