Sleeknixon
New member
There are four things we call the 4Ds that ultimately determine your success in forex trading. Many newbies don't know this and I will be share them with you today and other things that will turn around your trading.
The four Ds are:
D number one: Desire:
You must have a strong desire for this business. Honestly there are other kinds of business you can do, you can choose to be a lawyer, a doctor etc, but if you want to be successful in this industry your desire will determine how far you will go. Ask yourself, why do I want to be a forex trader? Is it because you watched an advertisement on youtube or television how easy to make money in forex trading? If that is your only reason, then you are bound to fail. Because forex trading is not as easy as its being portrayed. That is why a strong desire comes in. A desire to succeed, a desire to enjoy the free time that trading offers, a desire to be your own boss etc.
D number two: Determination
Have you ever used a motor bike either as a passenger or a rider? Its a great experience! However, when a motor bike is climbing a steep hill, its usually no fun. It takes determination for a motor bike to climb a hill. That is the kind of experience you will come face to face with when trading forex. How do you cope with the bitter pill of loses? what is the easiest thing to do? Quit! That's a human inclination, hence you need determination.
I will be talkin about the last two Ds in my next post
D number three: Dedication
D. Number four: Discipline
The four Ds are:
- Desire
- Determination
- Dedication
- Discipline.
D number one: Desire:
You must have a strong desire for this business. Honestly there are other kinds of business you can do, you can choose to be a lawyer, a doctor etc, but if you want to be successful in this industry your desire will determine how far you will go. Ask yourself, why do I want to be a forex trader? Is it because you watched an advertisement on youtube or television how easy to make money in forex trading? If that is your only reason, then you are bound to fail. Because forex trading is not as easy as its being portrayed. That is why a strong desire comes in. A desire to succeed, a desire to enjoy the free time that trading offers, a desire to be your own boss etc.
D number two: Determination
Have you ever used a motor bike either as a passenger or a rider? Its a great experience! However, when a motor bike is climbing a steep hill, its usually no fun. It takes determination for a motor bike to climb a hill. That is the kind of experience you will come face to face with when trading forex. How do you cope with the bitter pill of loses? what is the easiest thing to do? Quit! That's a human inclination, hence you need determination.
I will be talkin about the last two Ds in my next post
D number three: Dedication
D. Number four: Discipline