Do not waste you time with breakfast
Breakfast is the most important meal of the day, says the CEO of cereal company. By staying hungry until lunch you signalise two things to your body and your brain.
One. Get to work or you will starve. According to recent study, by staying hungry (intermittent fasting) brain is forced to create new connections. Evaluationally, starving creature needs to become creative fast. By being creative, sharp and on tips of your toes you will become better more focused forex trader in no time.
Two. You will teach your body to burn fat rapidly and with ease. When there is not glucose in your system, fat is an immediate go to source of energy for your body and your brain (so called ketosis).
There is no point in having money but being a fat slob. We do not intend to write about fitness and diet, but do your research on intermittent fasting and ketosis.
Get into incredible shape
We believe that to be successful forex trader and being able to handle the stress inherently coupled with trading huge volumes, you need to be in phenomenal physical shape. Forex trading is young and fit men game. To be able to handle investors capital, you need to be almost in navy seal shape. There is no point in exercising just to not be fat. Exercise to become as strong as you can be. Strong body is able to better handle the stress. Strong cardiovascular shape is necessary for energy and endurance, when it counts. Strong body equals strong mind.
Obsession with forex
If you really want to be successful in anything you need to become obsessed with your business. Trading is your business. But being obsessed with forex trading, also means developing other areas of your life. To optimally perform, you need enough sleep, good food, happy and full filing life. Be like an athlete. Obsessed about your game. But realising that to be able to perform to your best, you need to be obsessed also about regeneration and education.
The power of simplicity in forex trading
In forex simple things tend to work the best. Good forex strategy works on any currency pair and on any timeframe because it is simple. Overoptimised, specialised forex strategy is usually the one failing first. As with evolution, when there is change in environment, specialists are the first to die out. Forex is always changing, always evolving. Motto of evolution - adapt or die, applies in forex too.
Create your surrounding, so it benefits you in your trading objective. Your environment, should put your mind at ease and you should be comfortable. Remove anything that can cause discomfort in your trading room. Our environment greatly influences our success or failure, therefore it should ooze success. If your current conditions are not ideal, realise that you are not a sea grass and you can change it.
Adapt or die
We do not believe in blindly following any forex trading system. Use your trading discipline to adapt with confidence. You should know when you need to adapt, and realise that by adapting when it is necessary you are not breaking your trading discipline. Adapt and overcome (Conor Mcgregor).
Man is a creature of habit
Create good habits. Destroy bad habits by replacing them. For you as a forex trader, discipline might be the most important habit. Apply it on all areas of your life.
Learn to think outside the box.
Be pioneer. Try to find your own ideas, new approaches. Rediscover forsaken ideas and trading strategies. Preferably do not become specialists, learn to use many tools of forex analysis and develop confidence in using them as you see fit, while not breaking your trading discipline. There are gurus around the web claiming that they have found one correct approach to the market. In best case scenario, they have just found one of the many approaches that might work in forex. You may believe that something might or might not work, but with forex sooner or later somebody comes to show you that you were wrong.
Learn to think like a sheep in the crowd
To be able to think outside the box, you also need to be able to think (not act) like an average Joe stuck in the crowd. Then simply do the critical counter-intuitive. Realise that even the smart money cannot fight the crowd. They are merely taking advantage crowd behaviour pattern. Manipulating it at times, when opportunity arises.
Become the knowledge sponge
Learn from the best and only from the best. You want to learn from the champions, people walking the walk, not talkers and internet marketers. Listen, but do not accept all the ideas, be selective. Put them to test. Opinion of single, average trader is completely irrelevant. His opinion is that of the crowd, it is uniform, predictable and on the losing side.