Forex trading is a magical place that beckons traders to one place after another.
There, you always want to convince yourself that forex trading is worth learning and always worth striving for — you have an extra K-chart to decipher, a financial figure to digest, or a trading strategy to create or test.
When it comes to trading, the first thing we think about is money.
How much money can I make?
How much capital does it take to start trading?
How much position should I put into each trade?
You might think that by sitting in front of a screen all the time, you’ll be able to spot additional opportunities that will surely lead to more money.
But in the long run, it’s not so good for our bottom line.
Assuming you’re constantly staring at K-charts and bouncing prices not only hurts your eyes, it also makes you prone to getting caught up in impulses.
Don’t feel guilty or anxious about taking a break.
If you still have a position, set up a stop loss. Of course, it’s best to do it while you’re short, away from your computer or phone.
It’s hard to understand, and even if you do, you may not be able to.
You don’t need to be totally concerned about the top or bottom of the short-term chart.
Yes, you may miss these occasional opportunities, which, in any case, is inevitable in a market that never sleeps.
If you’re a prepared currency trader, pushing yourself higher and higher, that confidence may help you become more comfortable trading, even when you’re in the market most of the time.
However, if you’re a beginner trader, pushing yourself past your limit can lead to frustration, stress, and consequent consumption.
When you force yourself to feel stressed in this way, take a break.
I think all traders should give it a try, and you will find it useful at some point.
The trader who is able to make steady profits, has a high degree of consistency in effective strategy execution, and is a true trader, humble and in awe of the market.
When they’re not trading, they sit back, peruse the K-chart, analyze the market, the computer, and make their move.
Trading at a chaotic pace will not only hurt your money, but also your body.
If the impulse is still bothering you at this point, should you move on or rest?
Taking a break from the screen is essential for good health and ideal trading.
Don’t spend every day thinking about getting out of a losing trade and recovering.
When you train your muscles in any kind of sport, muscle memory is formed, and the stronger the athlete, the stronger the muscle memory function.
In any case, building muscle can’t be done only in the lead-up.
Proper rest is necessary to allow them to adjust and subsequently become stronger.
Traders are similar to athletes in this respect: you need a chance to process the stress you’re experiencing.
You also need time to clear your mind.
Come with a tip to start trading that will no doubt clear your mind.
However, you don’t need a full vacation, just two or three days is enough.
And, when you come back, you’re more focused to be at 100 percent.
As I’m sure you know, this is a deal I can make, okay?
Why am I losing money?
If you’re sure you’re trading well enough, it’s because you’re not in the mood, so take a break when you can.
