Investment is the key when trading the forex market, and the markets in general.
Investing wisely, amid having a long-term view when it comes to profitability and forecasting, is the key to trading success.
Successful traders were and are interpreting the markets from a long-term perspective.
Investment eliminates anxiety and fear
On the other hand, the gamblers cannot make it to the top as anxiety, stress, and fear never brought any positive outcome in the long-run.
The gamblers make funds within a small amount of time, not caring what will happen in the future, but fail in the long-run for sure.
Why do you think that the majority is not able to succeed while only the minority can make it to the top?
Investment is what differentiates successful from unsuccessful traders.
Many traders perceive trading as a hobby and don’t care that much whether they will lose funds or not.
What is strange, and funny, though, is that once a gambler loses funds, he or she wants to trade more, fund the account more, while not acting wisely at the very beginning to avoid re-depositing.
Think twice, and trade with caution at all times. Why should you re-deposit again, if you do the job right in the first place?
Therefore, overcome your gambling habits, avoid wasting your funds for no reason, act like an investor, and trade the capital markets, and the forex market, with confidence, discipline, and from a long-term perspective.