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Low Exectation Forex Trading Philosophy

I want to take this opportunity to introduce you to a counter-intuitive Forex Trading Plan 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. Let’s start by having you answer the following questions.

Forex Trading

What would it take for you to consider yourself a profitable Forex trader? Do you have a goal that represents what success would be? And what are you basing those expectations on, real world data or some kind of made up fantasy? Do you really think it possible to safely double your account every month? Is that what you need to do in order to consider yourself successful and reach your goals?

In reality, most people do not know what it looks like when you are a profitable trader. No matter what your results are you believe you should be getting more. This is a common occurrence 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 profiting more than you are.

When you boil it down, success comes down to your expectations. If you meet your expectations, you’ll consider yourself a success. If you fail to meet your expectations, you’ll be disappointed and feel like a failure.

The smart thing to do is lower your expectations and make your goals easily reachable. Taking this step can make your success highly probable. When you adopt the “Low Expectation Forex Trading Philosophy” you put success within reach. Do not be disappointed, great wealth can be created over time even when your expectations remain reasonable.

Let’s go over three areas of Forex trading where you might want to lower your expectations…

You should consider decreasing percentage gains monthly or yearly goals. Of course, it would be wonderful to make 100% profits every month. But that is just not a reasonable expectation, no matter what the so called Forex gurus say. Beginning with just $2000 and increasing your account 100% a year (not a month), you would be a millionaire in less than 10 years.

You should consider decreasing your monthly pip gain goals. The common myth is you need to make 100 pips a month to be a successful Forex trader. In reality, how many pips you make is not as important as profit percentages per month. You can grow great wealth with just 100-200 pips a month.

You should consider lowering your goal 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 Plan

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