When we talk about trading and forex, we usually picture some Wolf of Wall Street scenes. For many people, that is the way to portray trading and stocks and this world full of money moving around. Something like a Fast and Furious type of life.
But, in reality, trading is a very calm career. Trading is supposed to be about not working and let your money and decisions do all the work, and that is precisely how it is when you are doing it right.
Successful Trading Is All About Equilibrium
Trading is about balance and equilibrium. That is the main goal people go after when they want to jump into trading. They want to obtain economic stability and be able to relax a couple of years.
That is why, when trading, you need to know how to balance your own emotions and how to fight against anxiety and stress.
A great way to know if you are doing it wrong is if you are overexcited or worried. Those emotions are a sign that you aren't trading properly, and it will possibly lead to your downfall when we speak about the long term. This can be a hard punch on your mental health or your financial status.
Professionals Are Used To It, So Should You
When we see professionals in this field, we often see them very calm and unworried. That is because they have mastered their emotions by getting to know themselves and their own trading strategies. They have become used to all the feelings that come with trading, and that means you can achieve that as well.
You need to know that if you cannot stay calm or "bored" for a while, your competition will always have the advantage. Trading is not all about numbers or doing something all of the time; it is about how you react (or don’t react) as well.
Boring Routines Are Good
Again, trading is about stability. And if you want security, you have to start creating it for yourself first. This means that the key to success inside the trading world is a day-to-day routine. It helps you prepare for your day better, and it allows you to see trading as a real job instead of something you are just trying out.
You should plan your routing and separate your working hours, this way, you will have an "office" time, and you are not going to be distracted about what to do next.
One of the greatest keys to success is the awareness of your schedule. Once you have this under control, you can get wherever you want without frustration and lost hours.
Trading Is NOT Entertainment
We have to be clear about this. The trading world is not like a Wall Street movie. If you want to do it right, you need to focus on it as a real job and not something to do when you are looking for some entertainment. It is not like a game or TV show, and if you take it seriously enough, it can take you to the next level. Trading is a full-time job for many people out there, and when you wonder how they manage to succeed, think about their emotions and how seriously they must take their responsibility.