The key to trading profitably on Forex is doing so with the right mindset. Anyone can trade profitably as long as they do it with an open mind, receptive to learning new experiences and ideas. Simply put, this is called a Growth mindset- allowing your skills and expertise to grow as you go.
- Without the right mindset, traders will not see improvements.
- A growth mindset needs to replace most people’s fixed mindset in order to be successful.
- If you aren’t seeing the successes you want as a trader, you haven’t developed yourself enough so you need to take the time to do so.
“The interesting part, however, is that there exists similarities between competing for an Olympic medal and competing as a profitable Forex trader.”