Everyday something strange happen to a trader’s mental health like losses. Seeing your account balance rise and fall can take a huge toll on your mental health and influence the way you place future trades. When you are angry, it’s likely you will ignore pivot, support or resistance points, as well as your own proven systems, techniques and strategies, simply to blow off steam.
There is not better way to boost your trading profits than to switch from your emotional system of chance and luck to a very planned, formulated trading strategy that will produce nice profits in the long run. Using a good plan to outline your trading decisions makes your trading easier. Making money trading only happens by taking number of quality trades that present great reasons which warrant for you to pull the trigger. There is still a large difference between those traders who trade on mathematics principles and those who trade simply on luck and gamble of their own superior intellect.
With a simple and proven forex trading strategy on your side, it is almost impossible to lose your capital in the long run. By staying true to your solid trading plan that generates winning trades, your long-term financial health will still remain in the green. Even with just a snall 5% profit with each account balance turnover, you are on your way to financial freedom.
