16 Most Popular Motivational Quotes For Forex Trading
Forex trading can be a fulfilling career. It allows you to become your boss and determine your path to financial freedom. It also offers numerous learning opportunities and the chance to earn reasonable profits. Besides, the industry is highly regulated, ensuring traders can only deal with licensed brokers, such as those found in FXList’s reviews.
While forex trading can be profitable, becoming a successful trader is a different ball game. The industry requires thorough analytical skills, risk management, and problem-solving. Traders must also remain patient and disciplined to increase their chances of success. Unfortunately, many give up within a short period after incurring losses. The following are famous motivational quotes that can help you set your mindset on Trading and do better.
Top Forex Trading Quotes
1. “Trading doesn’t just reveal your character. It also builds it if you stay in the game long enough.” – Yvan Byeajee.
2. “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas.
3. “Most traders take a good system and destroy it by trying to make it into a perfect system.” – Robert Prechter.
4. “Never, ever argue with your trading system” – Michael Covel.
5. “I believe in analysis and not forecasting.” – Nicolas Darvas.
6. “Do not anticipate and move without market confirmation. Being a little late in your trade is your insurance that you are right or wrong.” – Jesse Livermore.
7. “There is a time to go long, a time to go short, and a time to go fishing.” – Jesse Livermore.
8. “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger.
9. “Later, I decided that there are so many technical indicators out there because none of them work very well,” Chuck Hayes said.
10. “Do more of what works and less of what doesn’t.” – Steve Clark.
11. “No man ever reached excellence in any art or profession without having passed through the slow and painful process of study and preparation.” – Mark Douglas.
12. “Never invest in any idea you can’t illustrate with a crayon.” – Peter Lynch.
13. “Patterns don’t work 100% of the time. But they are still critical because they help you define your risk. If you ignore patterns and focus on hunches, feelings, and hot tips, forget about achieving consistency.” – Ifan Wei.
14. “Don’t ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you’ll reach a satisfying level of proficiency.”—Yvan Byeajee.
15. “Everybody is a long-term investor until the market drops by 10% or more.”—Olawale Daniel.
16. “A peak performance trader is committed to being the best and doing whatever it takes to be the best. He feels responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for Trading because they treat Trading as a business.” – Van K. Tharp.
Bottom Line
One way to become a top forex trader is to learn from your mistakes and those from experienced traders. These motivational quotes from the most successful forex traders can help you change your mindset as you plan your trading journey.
