How to generate income from investing and trading forex, futures, and stocks by not thinking about money
In this article we point out why thinking solely about money can be counter productive when trading the forex, futures, and stock market.
How to generate income from trading forex, futures, and stocks by not thinking about money
If not all of us, most of us came into trading the forex, futures, and stock market to make money and improve or change our lifestyle. The primary factor that attracts a lot of us to trading and investing in the financial market is to earn enough to enjoy the freedom that trading forex, futures, and stocks bring.
The general reason most of us started trading is to earn enough to change our lifestyle and enjoy the life we dream of. Even if you do not want to admit it, that is undoubtedly one of the reasons you are on our online trading academy website today, trying to improve your trading knowledge. Those dreams are extremely obtainable and within reach. They are excellent and achievable if you dedicate yourself to improving, developing, and training yourself. When you continually master your craft, strengthen your Supply and Demand trading strategy, and keep your bankroll intact, then making money is something that will happen naturally.
Everybody was also once a newbie and a green trader, so we are not here to destroy or trample on those dreams, but we, as an online trading academy want to help you achieve them. To do that, we have to neglect those end goals of changing our lifestyle and enjoying freedom for a second to focus on the process and the journey it takes to make those dreams come true. It would be best if you were disciplined, structured, and extremely organized to make it as a forex, futures, and stock trader. The ability to cut through the noise and understand the game properly without distractions is critical. For most of us, we started with the wrong mindset, and you can only achieve success as a trader and investor if your mind is in the right place and thinking the right thoughts.
Money or the process, which do you love?
There are two categories of forex, futures and stock traders:
Those who are in love with the system and enjoy the thrill of learning about the financial market. These type of traders love understanding and going through the process. They desire to make it a part of themselves and are willing to sacrifice for trading and investing in the forex, futures, and stock market.
On the other end, we also have traders who are just managing and holding on to making money and are not interested in the process.
Which type of trader and investor are you? If we are sincere, the fact is that most of us started as the latter type of trader and investor.
Kindly note and repeat this next statement till you understand and know what it entails: The chances of achieving success in any business are incredibly slim if you are not in love with the process, and trading is just like any other business out there in this aspect.
Let's help you make an honest and sincere assessment as to why you are trading in the forex, futures, and stock market. Here are a few pointers that can help you figure out why.
Are you trading money you can afford to lose or not? If you are risking money, you really cannot afford to lose, that is simply because you want to make money quickly. You are willing to take the risk because you are only considering the rewards of gaining more money and not the danger of losing it. Don't ever trade money you cannot afford to lose.
Money in trading is simply like a way to check the scores of how well you are doing in a system that is designed to tempt you at every turn. You need to understand that trading is not really about the money but about how you can maintain discipline in following your Supply and Demand trading strategy through without losing focus. If you want to excel as a forex, futures, and stock trader, you should put all your attention on the process and learn how to fall in love with it continually. If you do this rightly, you'll discover that your trading score (money) will keep going up, but if your attention is only on the score (money), you are simply positioned to lose.
A lot of new traders are elated at the thought of making money from trading in the forex, futures and stock market and sometimes they even already have plans on how to spend the money they are yet to make. Having desires or goals is fine, but you cannot afford to have your thoughts consumed by such goals that you can no longer think straight enough to make the right decisions. If you are making plans on how to spend money you are yet to win; then your mindset is in the wrong place.
Being addicted to trading is a dangerous thing because you'll find yourself entering one trade after another. At this point, trading has moved towards becoming a need; you now need to trade, which is a lot like gambling, except you'll lose money even faster.
What are the right reasons to trade?
There is simply one reason to trade and invest in the financial market, and that is not for the lifestyle or money. The only reason to trade forex, futures, and stocks is that you love it. Any other purpose is a straight path to failure.
Once you’ve started taking things seriously and you are now beginning to view trading as the serious work it is, you'll discover your approach has also changed. You’ll have to start keeping proper records of your trades, keeping a well-detailed spreadsheet, and keeping journals to track your trading routine. This is what professional traders and investors who genuinely love the process do. This will also help you develop your Supply and Demand trading skills and build the right habits.
When you are in love with the process, you greatly desire to know more about it, and you want to keep yourself updated and informed. You'll find yourself reading our trading articles, studying Supply and Demand trading strategy, and learning all there is to learn. Trading psychology begins to fascinate you, and you want to take trading classes to know even more. Your curiosity will help you find gems such as our forex, futures, and stocks live trading classes, and you'll come to fall in love with the system unconditionally.
You'll realize you can no longer relate to people as you use to. Close relations no longer understand you. The conversations seem like something out of this world because you are now reasoning on a whole different level. Trading is all about self-development and being conscious of one's decisions and thought process. You start applying principles of discipline to your healthy daily life, and you start watching everything transform. Successful traders are incredibly disciplined, passionate, with intense focus and patience. These are all important to making it in life.
You enjoy the idea of competing with millions of other traders, and you thrive in that competition. You are enthusiastic about being among the top traders and investors who make it in the financial market and motivate others to as well. You no longer want to make money; it's the feeling of knowing that you have beaten others in the game, that you are better than other traders and you are confidently among the best there is that keeps you going, not the idea of reward or money. You love the fact that you are trading what drives the world economics. You love entrepreneurship and business.
To maintain and keep a healthy lifestyle, you need to love being healthy, not just focus on a goal weight but to want to go through the process and enjoy the beauty of making good life choices. If you only wish just to hit a goal weight, you'll get tired or bored along the way and lose focus; trading is very similar as well.
As you know, the devil is in the details, and you need to love the daily activities, and the writing of your journal entries. To get the cars and the houses, you need to enjoy the little things. Learn the compound effect of small actions.
To succeed in trading, you need to let go of the need to control everything, and you cannot be a control freak when it comes to trading. It would help if you learned to let things go and follow your Supply and Demand trading rules.
It is not a cause of worry if you aren't feeling all this yet, stick to the little things you have learned how to do already and perfect them. Study with our online trading academy and master our Supply and Demand trading strategy in our professional trading courses and live trading sessions. You'll get more inquisitive as you continue learning, and soon you will master the market and learn what works and what doesn't.
If you are feeling overwhelmed, you need to take it one step at a time and understand that when the student is ready, the teacher will appear. At our online trading academy, we have you covered, and we will help you learn how to turn your desires into a passion.
If you want to learn more about professional trading and investing across multiple asset classes such as forex, futures, and stocks, please sign up here for free at our online trading academy www.onlinetradingcampus.com and get access to a free three-hour introductory course.
Author Bio: Bernd Skorupinski teaches the undiluted truth about trading and investing at Online Trading Campus and takes you through what it takes to be a consistently successful trader. His favorite moment as a trading mentor is the way peoples’ eyes light up with excitement and confidence when they understand how Supply and Demand trading strategy works and how it can help win in the trading arena. He believes in building core values and discipline that ensures his students do not succumb to the pressures and temptations of the market. He very much believes in following plans and strategy through. If you want to know more about the author Bernd Skorupinski please read here