In Search of the Grail

When you don't succeed once, you don't succeed a second time, you often give up trying and step aside. The excitement is replaced by disappointment, the belief in oneself and in one's strength fades away. This happens very often, including in financial markets. How to cope with it, and whether these statements are true, we will consider in this article.

Forex - is a dream, the Grail of any intelligent person. And all because work in the currency markets gives complete freedom of action, financial independence and many other privileges over other professions. It is unlikely that the esteemed reader will argue with these assertions, but I would like to talk about something else at this time. How to deal with failures that may seem endlessespecially in the initial period of training and trading. How to stay on track, accept losses, accept them and not give up?

When I first started trading, I did not particularly understand the market, I did not know its structure, I had no clear strategy, and I firmly believed that soon, very soon I will be rich. This is a classic example of a beginning trader. Even then, my imagination drew wonderful pictures in my head, which, it seemed, I could reach with my hand. But it was not. Step by step I confidently went to the abyss instead of going to prosperity. That, too, is normal, even very normal. After a while I was joined by a comrade of mine, whom I had drawn to the cause. And in his brain a steady belief in quick profits was formed. And the friend became a classic novice trader with all the "symptoms"...

A cautionary tale

However, the consequences were slightly different. In contrast to me, the comrade from the very beginning became ignore demo account. It simply did not exist for him. The novice trader believed that if anything could be learned, it was only by trading with real money. This is the first problem, which gives a failure and leads "to the wrong place" from the very beginning. From it arises the second - most beginners do not have large sums, no clear strategies.

So, the second problem is that with his initial ignorance of the necessary amount, as well as for the lack of big money in principle, my friend, like most people who follow a similar path, "put" five hundred, a thousand, five hundred, a thousand, and so on into a micro-account. As a result, in less than a couple of months of such trading, he lost about ten thousand rubles. The amount is not much, but it is enough to throw him off balance and discourage him from trading for a long time. And combined with total losses the man simply discarded Forex as a possible source of income. That's the whole story. And there are nine out of ten such stories.

You would think, what's so complicated about it? Buy, sell, make a profit and be happy. But my friend was wrong right away, because he was convinced that to trade in the Forex market you don't need to learn or trade with "paltry virtual money". And in vain. I took a different path. And now I can say with confidence: failures happen frequently, but the result, even if not entirely positive, is still a quarter of an ounce. And this already counts as stability. And medics in general take six years to learn, so draw your own conclusions.