Alright, fellow traders, gather ’round and let me share some truths about forex. If I can succeed, so can you. I’m no stranger to hard work, I’m relentless in pursuing my goals, no matter the obstacles. Dedication? You better believe it’s a cornerstone of my approach. But let’s not sugarcoat it – I’ve got my flaws too. Impatience? Guilty as charged. Overconfidence? Yep, that’s me. And stress? Don’t even get me started.

Now, let’s talk about the real meat and potatoes of forex trading. It’s not just about having killer strategies; it’s also about understanding the human side of the game. That’s where a lot of traders stumble – they let their emotions run the show, which can lead to some costly mistakes.

So, why am I always banging on about mastering your emotions in trading? Because it’s the real deal, folks. Even the most foolproof strategies can fall flat if you’re not in the right headspace.

Let me share a little story about myself to drive the point home. I’ll be the first to admit that I’m not the best at following rules. Heck, I once had to resort to using a water bottle with lines on it to make sure I drank enough water throughout the day. Sounds pretty ridiculous, right? But I’ve found ways to outsmart my rebellious streak and stay on track, like using visualization techniques.

Now, let’s dive into the wonderful world of forex journaling. Think of it as your trusty sidekick in the trading arena – your very own playbook, if you will. In your journal, you jot down everything – the wins, the losses, the lightbulb moments, and even the struggles. It’s like having a secret weapon in your arsenal, guiding you through the highs and lows of trading.

Through journaling, I’ve honed my ability to set clear goals, maintain consistency in my approach, learn from my mistakes, understand my emotions, and identify which currency pairs I excel with (and which ones I should probably steer clear of, like anything involving AUD).

So, if you haven’t already jumped on the journaling bandwagon, now’s the time to hop on board. Trust me, it’s a game-changer when it comes to becoming a better trader.

by Vanessa Vasilache