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How Full Is Your Trader's Toolbox?
I talk about the idea of a trader's toolbox a lot, because I genuinely believe that there are tools you need to be successful in this industry. Not physical tools (except for maybe a computer, pen, paper and a calculator!) but educational tools. Tools that help to equip you to navigate your way successfully around the various different forex markets, and building up your toolbox early on is really crucial.
One of the most important is discipline. It's important because it's something that almost EVERY new trader struggles with at some time. The word 'discipline' has many meanings, but we are interested in the idea of discipline meaning a set of rules. I know many currency traders, and the best traders that I know have a number of things in common, one being their ability to stick to a set of rules. A good trader will always work with a trading system: ie, when A happens, respond with B. But the hardest part for new traders is often waiting long enough for the right patterns to occur, in otherwords, they struggle to stick to the rules.
The fact is, you need to learn not only the systems to help you to make good trading calls, but also the psychology to help make you a better trader overall. I've looked at just about every course that you could imagine online and I find that most of them are rubbish, but those that offer really good quality trading systems don't often spend much time talking about the psychology of being a good trader; something that's just as important!
That's why I would recommend the following course 100%. If you're serious about making an investment in the forex market, you need to first invest in yourself to ensure that you're not just chucking away your cash. If you follow the information properly and learn how to make yourself a good trader first and foremost, the money that you spend today should more than come back to you in the long term because you'll KNOW how to make money instead of always losing money.