Getting used to any work improves our performance in it. If you are an adult, there is no need to explain the value of repetition. It helps our brain to adapt to the work and make the job a part of our life. And when it has become one for us, humans, there is no way anyone can separate our beloved job from us. But, for that, you have to stop living a fantasy. Fantasy and reality are two completely different things. They are not similar in most of the cases. In fantasy, our brain thinks about the things it likes.
But the reality may not be the same for most of the cases. It could be completely different than what we have expected. Then our brain gets into the emotional trauma and cannot focus on efficiency. Trading is also a place for thinking about reality rather than living in the dreams. You have to remember, dreams may let you a lot of money from this business but the reality will take away a lot form you. In the following, we will mention some of the reality in this business. They will aware you from falling into the trap of emotional disturbance.
Dealing with a higher number of losing trades
It is natural for anyone in this business. Even pro traders experience losses very frequently. That is because the markets are not stable or predictable every time. When it is possible to plan for a trade in the right way by predicting it right, you will be able to make a good profit out of a certain trade. But, this is not a common case for this business. As we said, even the expert and pro players in this business experience this phenomenon. But they are able to get out from those situations without losing too much. Because they use stop-loss for preventing the trades from losing too much. Using a simple target in position sizes they make their choice of stop-loss limit. If you can be clever like those traders, the number of infrequent losses won’t bother you too much. The nosiness of yours can make a good amount of money for you.
Changing your habit
You must change your habit to become a successful trader. Start following a routine life as it will develop your mental stability. Instead of investing your real money, go for the spread betting demo account UK. A professional broker like ETX Capital will give you the perfect demo environment with real price feed. So if you can make a real profit in the demo accounts, chances are very high you will be able to make a decent profit with real money. But never get carried with a few months of demo trading experience. You need to demo trade for at least six months to test your skills.
Experience talks in this business
At the beginning of your career, it would not be that easy to perform very wellin this business. You probably know a very little about the use of strategies in the price charts. Your trading plans will be weak in making quality trades. There will be not much room in those trades for money management or chart analysis. With experience and time, you can experience all of those changing. Because with time, you will be making money management plans according to the performance of your trades. Then different strategies of finding out a good spot for opening and closing trades can be learned. With all of those, your trading will get improves. When you have some good ideas about the markets, your trading approaches will be more solid with solid plans and backup plans. Your approaching plans will be able to withstand any possible condition. That will require time from you. If you remain impatient, the improvement will slow down and you will not able be to experience the good time soon enough.