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Low Exectation Currency Trading Plan

I want to take this opportunity to share with you a counter-intuitive Forex Trading Attitude called, “Low Expectation Forex Trading”. I understand it sounds weird that you would want to lower your expectations when trading Forex. But lowering what you expect to gain from your trading might be just the action you need to take to start reaching your profit goals. I want to start by having you answer the following questions.

Forex Trading

What would it take for you to think of yourself as excellent Forex trader? Do you even know what success looks like? And what are you basing those expectations on, results from other real traders or unfounded claims on some website? Are you really looking for 100% profits every month? Are these huge numbers what you need to do in order to consider yourself successful and reach your goals?

In reality, most people have no clue what being successful at Forex trading would look like. No matter what you accomplish you always think you should be getting more. This is understandable since most people looking to learn Forex these days do not have contact with real traders since they trade from home. And since you don’t know other traders, you always think they are doing better than you.

When you boil it down, success comes down to your expectations. If you meet your expectations, you’ll consider yourself a success. If you do not reach your goals, you’ll be disappointed and feel like a failure.

The smart thing to do is lower your expectations to make sure your goals are relatively easy to reach. Taking this step can make your success highly probable. When you adhere to the “Low Expectation Forex Trading Philosophy” you can make success a reality and not just a dream. Now don’t worry, life changing wealth can be reached over time even when your expectations remain reasonable.

Here are 3 places you should consider lowering your expectations…

Try lowering percentage gains monthly or yearly goals. Yes, it would be great to make 100% gains every month. But that goals is not realistic, regardless what the so called Forex gurus say. Starting with just $2000 and making 100% a year (not a month), would make you over a million dollars in less than 10 years.

Try lowering your monthly pip gain goals. Everyone seems to be stuck thinking you need 1000 pips a month to be profitable. In reality, how many pips you make is not as important as profit percentages per month. You might be surprised to know you can make huge profits with only 100-200 pips a month.

Try giving up altogether your expectation of trading Forex on your own. The truth is, Forex trading is not for everyone and most people can never learn to do it profitably under live market conditions. If might be better to use a Forex signals service and let an already profitable trader do the trading for you. To learn more: Forex Trading Attitude

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