Success requires a solid foundation, one of which is mental health. Otherwise, your time at the top won’t belong. You need to be able to control and remove stress from your life and start taking better care of your physical and mental health. Remember that if you are not at your best, how can you expect to get the best results you want in trading.
Unlike stocks, in forex, you can be rich and poor in just seconds because prices are very volatile. So it is very important to train your mental strength to face all the risks that occur. Before buying or selling, you should research and analyze the factors that influence the movement of the forex market at a broker forex malaysia. Technical analysis, fundamentals, and market sentiment analysis. It’s best if you use all three analyzes before trading. But for beginners, just one is okay. If one day you lose, you are not depressed or want to end your life. This mentality you have to prepare. Even if the profit is big, it is not too euphoric because it is very natural to happen. Whatever your way of growing money, do it while you believe.
Prepare yourself, both mentally and with capital so that you are not surprised when you enter this industry. It is important to be dedicated to your trading. That means you study, create and monitor your trading lists, conduct detailed stock research, and maintain your trading journal to monitor your progress. All of these are important, but it is also important for you to have a life. If not, what are you trading for? Without life, you won’t even enjoy any of the profits you make. However, it is also important to make time for your family, friends, and hobbies as a whole.