Do you want to become a trading master or be like everyone else and just try to make some money trading?
Find a strategy or technique in fact why not just follow a trader taking live trades. Get rich trading the markets; I love the sound of that.
However, that is not how life works.
This article is going explain exactly why that doesn’t work and what you have to do to get rich trading.
If you are reading this article looking to become rich trading, then you need to get some things straight if you want to make it successfully.
Most people that I talk to have the completely wrong mindset when it comes to trading successfully.
They believe if they get the right strategy and get access to a trading pro, it will be easy street from there.
That is wrong thinking and if you think like that you need to change your thinking right now to get on the right track so that you can become successful in trading. I am not writing this to insult anyone, but I wonder how people begin to think like this in the first place because it is so off base.
You Cannot Become a Master Trader by following an expert strategy.
Let me give you an example.
There is not some forex master strategy that will change everything like so many traders are searching for or a forex strategies pdf that will make you great.
Baseball is a great sport and millions of high school baseball players every year dream of being the next baseball star players like Pittsburgh pirate all-star Andrew McCutchen
So what do those young people do?
They see his stance, and they imitate it.
They follow his mannerisms on the field and copy him.
They buy the same brand of shoes, bat, and glove.
They watch all his films and read all his books.
After they do all of those things when they step on the field will they become the next McCutchen?
The answer is no of course not!
Then they step onto the field they would be terrible. They would get kicked out of the big leagues.
You know why?
Because he is a ball player, it is who he is. They have not gone through the journey he has gone through to become great.
He is a ballplayer because of all the hours of extra practice that no one sees. What he does when no one is looking. The years of training, the years of failure, the years of perseverance and practice to become great. What people see is the result of his baseball disciplines.
He is who is not just because of the time he spent practice.
It is how he practiced.
He practiced his stance, his form.
He practices discipline to keep measurements to make sure he is hitting his objectives.
He disciplines what he eats so that his body stays fit so he can perform on the field.
He talks to coaches and gets feedback and works with them to become successful.
He reads books and works on his mind because he knows that baseball is as much about the mind as it is the body.
To summarize he is a student of the game and has dedicated his entire life to be great at what he does.
His greatness is not a particular technique he uses; it is a visible outflow of who he is and what he has become.
His lifestyle and discipline and dedication is what got him here.
Becoming great is impossible to duplicate unless you are willing to do down the same path. That is why there are few professional baseball players and fewer still who are great professional baseball players.
That is what it will take to be great no matter what you do.
Whether you’re a teacher, doctor, lawyer, etc.
Trading is the same and to be a great trader; you must become a great trader through the process that is required.
Just because you download a strategy guide doesn’t mean you will be a great trader. You may have a great mind and great natural talent, but that isn’t enough to be great because there will be people that are smarter than you and will work harder than and people that are willing to go through the disciplines that you are not prepared to go through.
What can You do to become a trading master?
It is simple, all you have to do is devote yourself to the trading lifestyle. Which means you must become what it is that you wish to do.
You don’t just trade, but you become a master trader by creating a lifestyle that will transform you into a Master trader.
There is no course to take, it just becomes a part of you, and you will know when it happens.
There are no shortcuts here is what must be done to become a master trader.
Here are some steps you can take to become a master trader.
Love Trading and the process of trading:
Have you ever heard a famous athlete say they love the game and they would do it for nothing?
That is an odd thing to say, but it is hard to master something you do not love, learn to love trading. Everything about trading makes you happy. The process, the markets, the setups the challenge. Becoming a master trader will require more effort than just a desire to get rich quick, it must run much deeper than that.
I love trading; I love writing about trading, I love talking about trading, I love spending time with traders, it is something I enjoy. If I didn’t enjoy it, I would do something different.
If this is a chore to you, it won’t work, go and find something you love and do that. You only live once, why spend your time doing something you don’t?
Become a student and learn to master the market:
Trading is so much more than a strategy or taking trades. It is developing an understanding of the market, an understanding of what makes the market function the way that it does. How news impacts markets, how individual traders think and trade, what makes people buy and sell what is happening in thier minds are they feeling fear are they feeling greed, are they master traders who are calm and dedicated following their trading plan?
There is so much that goes into this game of trading that you can never learn all there is to know but the more you know, the better trader you become.
Develop a Winning Mindset:
The battle is in your mind, and if you cannot control how you think you will not become a master trader. You must learn to think healthily and develop a secure relationship style with the markets and with your trading.
Read trading psychology books but go much deeper than that, read books about your emotions, understand what triggers your feelings?
What causes the fear that you feel when you are trading? Was it a lack of something as a child and now you fear that same thing when you take a trade, and that fear causes you to make bad decisions.
If you are reading this and you dismiss trading psychology and trading mindset as nonsense, then you are exactly the person that needs to work hard to develop a trading mindset.
If you require going to counseling to find some of these issues, then do it.
How are you relationships at work and home? If you do not have healthy relationships than you, will more than likely have things pop up that will cause negative consequences in your trading.
Remember you are going to become a master trader that means you will be willing to do whatever is necessary to become what you want to do.
Develop Master Trading Discipline:
There is much more to discipline than just following your trading plan and following the rules of the strategy. Developing discipline is about developing the skills to do anything that needs to be done to become a successful trader.
Such as doing research on how to eat healthy because you will trade better if you have a healthy body. Things like finding out the optimal sleep needed for you, everyone needs a different amount to function properly. Make sure you develop a sleep pattern that is healthy for your trading.
Then there is the discipline to create a trading plan, to write out your daily trading process. Also the discipline of systematically reviewing your trades analyzing your decision making then determining if you can make improvements.
Not just to your trading but any area of your life that impacts your trading. Everything you in your life could affect your trading results, and you must understand that and keep measuring your results versus changes in your personal life.
You may ask me or someone else if you can make money fast or quickly become a master trader and I will point you to this article, no you can’t avoid the process, how long it takes depends on you and no one can determine how long that will be.
Yes, you can have success, but you must want it.
I am encouraging you to go after becoming a master trader because if you accomplish the task, it will be rewarding and worth it, not just because you will have made a lot of money but because you have become great at something you determined to be great at it.