Trade Focusing on Quality, not quantity
You might think that if you trade a lot you will also win a lot. Well, you are wrong. Trading should be done with the proper strategy that usually focuses on certain market shifts and combinations that allow you to enter in the proper conditions and exit on top.
Do not over trade and, of course, do not over-leverage as you will find yourself in an uncomfortable position. When you think of trading, try to visualize it as a weapon and learn how to use it. Always take the shot when you are ready, use your ammunition-money wisely and go for the shot that you know will hit.
If you stay focused on trading wisely and pick your targets correctly, you will find yourself in a winning situation in the long term.
Less is more
This is a key aspect that you must understand, being a beginner you need to realize that less is more. When you are a beginner, you think that more is better, but this will only transform you into a robot. You are not a robot and you should not waste your money on every trade you come across.
Wait and think before taking the shot and consider all the aspects of the situation at hand. Learn how to wait and find the pre-defined trading conditions in the market.
Consider the daily chart the perfect ground for developing your mastery. It will give you the highest value probability. The targets are price action setups, and because they are in the high frame time, you will benefit from an increased success.
Do not go for low time frames as it will cost you money and you will end up with bad trades. This happens as low time frames have a low probability when considering price action setups.
The patience factor
Cultivate this ability as it will become your most treasured ally. The world of forex trading is split between patient traders and bad traders. Wait for the setup to align itself and for the market to shift into place. Do not force any conditions that are not present, some traders tend to interpret signals wrong, this will lead to actions that transform into bad trades.
As with any master, you will also have to undergo training. This will take time, and you have to keep focused. Do not let distractions get the best of you or you will start to fall off track and lose sight of your goal.
It all starts with education, put in the time and effort and you will learn how handle situations that may lead to a bad decision. Learning will also help you see the perfect opportunities and will provide you with the winning trades.
Always know that you are the one in control, and the actions you choose to make will influence the outcome of the trade. If you choose the quality of trading over quantity, you will become a successful forex trader.