It is hard to find people who have not seen the movie ‘ Kung Fu Panda’. It was a commercial success and lead to developing sequences depicting the epic journey of the fat but stubborn bear. Through ups and downs, Po remained focused and continued to learn Kung Fu. It was not easy but neither was Po. People loved how stubborn Po was and it also delivers a hidden message. Never lose hope, do not give up. Stand up and fight, battle till the war is over. If you are wondering what this panda has to do with Forex, read the next part of the article to understand the concept.
Never believe in destiny
Remember what Po said when Master Oogway selected him as the Dragon Warrior? He said it was all a mistake. He did not believe it even after Oogway said it was his destiny. If you lose money, never take it as your luck. There is no such thing as luck or blessings in Forex. It is all analyses and predictions based on the trends and patterns, information derived from the indicators. Never let the idea of loss overtake your mind. Read the “Turtle Experiment”, which showed how proper training for just weeks can make people successful in the most competitive industry. Keep the mind focused and do not stray from the goal. Fortune does not always favor the brave. So, learn the details of trading to become a better trader.
Depend on a simple strategy
Many experienced traders in the United Kingdom have changed their lives just by trading the market with a simple strategy. The pro traders prefer CFD trading at Saxo since they can easily do advance technical analysis by using the robust SaxoTraderPro platform. Instead of relying on an indicator based trading strategy, they simply use price action trading. Mastering this skill is not that hard. Think about Kung Fu Panda, and start taking things seriously in the Forex market.
Do not depend for waiting to be taught, learn
At one part of the movie, Po used the Wushi finger hold to send Khan back to the spirit realm. Master Shifu did not teach him that, instead he learned all by himself. Never expect the professionals will help with the strategy. An investor needs to figure out the obstacles all by himself. Do not worry if mistakes are happening, it only means you are learning. A wise trader does not depend on others for understanding the tricks, he invests his own methods. Develop a plan and use that knowledge to formulate own strategy. It is also proven by science to remember things for a long time that has been learned through experience and practice.
Only the consistent traders win
This is not a sprint. The journey has only started, do not hurry into cashing in profit. Over time, a person gains experience and develops wisdom. The panda a regular Panda at first, determination, willpower, and practice, persists all the odds. Do not get disappointed by fellow investors. A tasty meal does not get ready in a minute, it takes time and skills. Winning $10 in one trade and losing in the next other rounds in a row is not important than winning $2 in four trades consistently. Try to learn slowly, evolve with the industry. Get familiar with the volatility, know when price moves, read the news to predict the future possibilities. Think of this investment in the long run and keep the head cool. Do not take any decision on the spur of the moment. Think before investing money.
Be cautious in trading
Look out for opportunities that arise. A good trend can reward much bigger than other trends. Wait for the right moment and strike the jackpot. To become successful, a few good trades are enough.