Many would say that being a Forex trader is more than a profession. In good and bad it is therefore easy to state that an eager person, like myself, can easilly adapt a Forex trading lifestyle. However, it is likely to think that a profession as a Forex trader will lead faster to the highest aspirations in life? Being a Forex trader is appealing because potential profit lays right in front of us. However, it will always be a better idea to secure sustainability and consistence instead of the concept of “good luck”! Even if potential profit lays right in front of us it is imperative to include hard work and discipline in the approach.
Being a financial trader, there is no fixed working hours. Regardless if you are employed by an institution or being an independent Forex trader; The market in itself tend to have a greater impact on us than the working hours. This is why much depends on the strategy you are trading and how you adapt to it. In any case you are much likely required to add your analytical mind and discipline in your approach.
In any case, Forex trading requires you to organize your work properly. Perhaps even more than in many other professions. On the other hand, if you manage to turn hard working hours, discipline and even frustration (at least from time to time) into your own organization, you can start taking benefit from it. Also, if you manage to overcome your failures in Forex trading. Meaning, of course, that our over all goal from trading the markets is to stay more profitable. The beginning, where you establish your strategy and define your abilities, is somehow anyway a barrier to overcome. Once this limit is reached is the time where you can start thinking about how this lifestyle can benefit you.
Obviously, the first barrier to trade the markets is to actually understand what and how to do it. Understanding the market in itself is a wide open possibility. A possibility that is there for anyone to take. However, to create your own plan for trading is entirely up to yourself. The rules, guidelines and discipline is up to you to decide. It must all be a part of, and forming, your own Forex trading strategy.
Once this barrier is crossed, your discipline will be applied to the next level. The level where benefit from the market can be made possible. This is the moment where past time dreams can be turned into dreams with a goal. Once a goal can be added to a dream, consistency appears. More important is to allow that consistency to be there, and to let it bring the Forex trading strategy forward. Once the cycle of consistnecy is present it should imply a consistent growth of your assets as well. (Otherwise a re-consideration of the trading strategy is in order.). The concept of “Freedom” appears and therefore also the aspirations you wish to have from life.
Once Forex trading is giving sustainable profit it is also most likely the moment where it becomes a lifestyle. Consistency in performance very fast gives a sense of “freedom”. In addition it also easilly creates it might also easilly create an addiction to what you are doing. It is important to keep this pace of the wheel turning. However, it is also important to start overdoing the trading pattern.
A trading “machinery” starting to create abundance gives the room to think; “How can I start creating wealth from this activity?” Indeed it is possible. On the other hand, be careful to not turn the positive energy into overduing the trading strategy. The key factor is to keep the discipline on the same level. As the abundance will grow, perhaps time is in to define what wealth really means? Over time, real wealthy people are those who no longer have any issues with money. Growth in life is more important, like the feeling of wellness, balance and abundance. Time is in to think about how to let this sustainable abundance be the growth of a lifetime. A personallized investment plan might be in order.
Reaching a point where abundance is present means that there is balance between the trading strategy and the execution of it. The performance of the strategy itself should not be more important than executing it on a consistent basis. Hench, the feeling of being wealthy is imminent. Continue making that feeling of a successfully created strategy drive the mentality in the positive direction.
Success ca not be achieved via hard work. It is not the direct result of a perfectly created trading strategy. Instead it is the consequence of creation. It is the result of feeling abundance, freedom and wealth. Your responsibility is to make sure it is your creation. Because, when profit is at a sustainable level, then keep on by executing the strategy. Define what success is to you! Most certainly it includes that proudness that your work has led to a point where you can maintain your private investment plan and grow wealth. Don’t only protect your assets and the positions in the market. Protect the feeling of success. Know that success is imminent and very well deserved when it comes.
Tore Herbert Hoff is a professional Forex trader. He is mentoring based on his own experiences in life. He has experienced, more than once, how challenging situations can be turned into new door openers. The same is a valid fact for learning in the Forex market. Tore knows that failure in Forex trading only makes your abilities stronger. In addition to the mentorship and trading programs he is employed as Chief Investment Officer in Longate Capital AG.