8 important trading tips you can got from Albert Einstein
There are some motivational quotes by Albert Einstein, so i want
to talk about because they give inspiration for who think they can make a good
thing in their life, like ambitious Forex traders, or hardworking students, or
even normal people who want to make a change in their life standards.
So I will start immediately in these tips and I will try to
explain each one as well as possible and I hope you find a useful thing in your
ambitious life (something lost and you do not know how to find it, but you know
it).
1- “It’s not that I’m so smart; it’s just I stay with
problems longer.”
I can’t succeed overnight. Most of us especially retail or
aspiring traders want money and seek for that to get it now so they got hooked
on trading, scalping, over-leveraging, launching random decisions, they reach
to the extent they want quick profit, and turn their trading into gambling.
So anyone knows the common rule says that- fast money you
can achieve it by three mains , 1) invention , you should invent a new useful
thing for people so everyone can use it and you can achieve a lot of money like
Facebook, Google, and Angry Birds , 2)
stealing , 3) gambling , you are really so lucky.
By the way, money is the most sensitive and volatile market.
So you should be patient and learn from your mistakes and
the mistakes of the others to not repeat them, you should practice and preserve,
and you should be strong and try to achieve your goal.
2- “Any man who can drive safely while kissing a pretty girl
is simply not giving the kiss the attention it deserves.”
You should manage your efforts on thing you are best in and
focus on it. In trading, if you excel in one trading strategy, you should stick
to it as long as it works and helps you. So, you can use it without wasting
your time in testing new strategies of other traders or from internet that you
do not know them and never listen or hear about, especially too much
information can lead you to confusion, random and difficult choices.
3-“No problem can be solved from the same level of consciousness
that created it.”
The recovering from losing is not easy task and it requires
very smart trading decision, because you should know that losing is a part of
the game.
So you will have to double the remaining of your equity to
in order to break even, if your trading account is down %50 after for example 2
months? And I doubt!
4- “A person who never made a mistake never tried anything
new.”
When you make a mistake it is normal thing, but UN normal
thing is when you repeat it, you should learn from the mistakes of your own trading,
emotions, bad strategies.
You are out of the game if you do not succeed, so make a
list of things that did not work, in order to remember them and avoid them in
the future.
5- “Insanity: doing the same thing over and over again and
expecting different results.”
Change your trading strategy if it gives you poor results,
and it is oblivious that there you are doing something wrong.
So if you want to get different results, you should change
your actions.
6- “You have to learn the rules of the game. And then you
have to play than anyone else.”
You must know everything about trading, all the dangers, you
must aware of one thing is that most things in trading do not work as advertised.
7- “Information is not knowledge. The only source of
knowledge is experience.”
You should practice and not spending all your time in
reading the trading books, you should test different strategies and trading
approaches in order to find what is suitable for you.
8- “Imagination is more important than knowledge.”
Knowledge without imagination , a person lacking to know
what to do, because imagination helps people to apply their knowledge.so the
trader in Forex market should know the basics of trading in order to imagine
them in a different way.
I hope you find what you are looking for in your first step
as trader or as ambitious normal person.
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