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What is Michael Jordan, Martha Stewart and Taylor Swift?
If you answer “all of us have documentaries for Netflix”, you are right. You may also have a lot of time on your hands.
Another thing they share is that they excel in their fields and are looking for ways to improve their craft.
They offer themselves to different environments to try different things to know what is better for them.
In other words, they are approaching change positively.
Michael Jordan changed it from relying on the pure explosive sport to getting a sweet leap shot fading to score points.
Martha Stewart turned home skills into a media empire by mastering everything from arranging flowers to the financial strategy, and then renamed herself after spending time.
Last but not another, TayTay has grown as a singer and songwriter, and she has constantly made waves in the music industry over the years instead of just breaking her glories.
These elite performance condemns a lot of their success in adopting change, and this is what we must seek, as traders, in order to do it.
The problem that many merchants face Not to make required changes, but in failure to follow up. This is what separates the “great” from “other than stones”.
The great people follow their changes and never stop practiceWhile the non -exciting elders tend to get lazy and feel miracles over time, in the end it returns to the old habits. As a result, the great people improve, and the great people do not grow.
but Embraceing change is not an easy thing. Even if the trader has to get out of his comfort zone to try new methods and technologies, he may not have to pay for payment if things become rocky.
One of the mistakes made by Forex traders when implementing the changes for the first time on their trading style is immediately focused on the results of the change. More specifically, they are Focus on the profit and loss trade (And what did we say about doing this, huh?).
The trader may initially see that the changes have been given profits. Of course, the trader feels that the Forex system is profitable and immediately begins to trade live with the usual risk levels.
The problem with this is that the trader does not fully realize all the effects that the changes that have been implemented may cause on the general trading system Risk Management Plans.
This problem stems from the lack of experience, both in understanding the new parameters of the system and how to deal with changes in the system.
a lot Forex Merchants try new ways, but they lack stability discipline To practice and acquire the necessary information to measure whether the results are meaningful or not.
They stop in the middle of the road, because they feel that it is not worth the time, effort and/or pain to see if the changes can be profitable.
In the end, if the merchant is burned, mentally and financially, through a new experience Trading system Or the trading tool, it can be very painful. This may cause the trader to expose himself to change, which stops his growth as a merchant.
There is a great way to implement the change is to create an atmosphere that can be controlled as you can make marine errors. By doing this, you can speed up your learning curve without being at risk of constantly damaging your money.
Two ways to do this are by reviewing the plans and trading a demo account.
Graphic review reviews
While reviewing the plans, it lacks the actual time Forex Trading because you look at everything too late, it helps you know what you can do during the day. The next time a similar setting appears, you will know what to do.
It is like watching your basketball game. You can see all the wrong and appropriate things you did and set accordingly.
Trade trading
Trade trading It is useful because it allows you to participate in the market in the actual time without endangering the head of Malik.
You can take the largest possible number of settings you want, allowing you to collect trading experience with weeks in just one day. You can train on a repeatedly commercial system or focus on your attention on trading news reports.
By doing these two exercises, put yourself in an oversight environment, giving yourself a training land where you can train and train continuously and put your skills on the test without the pressure of losing your money that has been obtained hard.
We hope this will help you to follow the change completely and embrace it completely, allowing you to grow as a merchant.
