Forex Trader: Becoming a Winning One

By: Kelvin Chan

Are you tired of working hard at your trading and not really grinding out the results that you hope to get at the end of each month? Have you been staring too hard at your charts and not having results that justify the effort you've been putting in?

If so, I've been there and I can tell you it sucks. Fortunately, I've found my way out a long time ago and would like to share with you how I did so. Hopefully, it will help you get somewhere closer to where you wanna be.

It was about 2 and a half years back that I was spending so much time staring at the charts and thought to myself that I knew something about trading and I'm sure I knew something. But truth be told, at the end of the day, only your trading results count. If they are positive, then good. If not, you're screwed and you know it.

Somehow or rather, while trading one day, I received an ah-ha moment. Those that made you go "why didn't I think about that earlier". It was during that ah-ha moment that something told me to look at my trading journals and see what I could improve on.

As I spent some time poring over my trading journals, clear patterns started emerging and these were telling me that if I just focused on them, I would definitely get a much better result. For example, one of these patterns were to trade only between a certain time to a certain time because most of my positive trades fell between those hours. In other words, if I could eliminate my worst trades, I would be much better off. Make sense?

Today, take some time to start a trading journal if you haven't started one. And if you've got a trading journal, why not take some time off your trading and study your trading journal? After all, why keep one if you don't intend to use your journal to your advantage?

Foreign Exchange
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