Low Exectation Currency Trading

I would like to share with you a counter-intuitive Forex Trading Plan I call, “Low Expectation Forex Trading”. I understand it sounds strange that you need to lower your Forex trading expectations. But lowering what you expect to gain from your trading might be just the step you need to take to start reaching your profit goals. Let’s start by having you answer the following questions.

What would it take for you to think of yourself as successful Forex trader? Do you have a goal that represents what success would be? And what are you basing those expectations on, real world data or some kind of made up fantasy? Do you really think it possible to safely double your account every month? Is that what you need from Forex trading to consider your efforts worthwhile?

In reality, most people do not know what it looks like when you are a profitable trader. No matter what your results are you believe you should be getting more. This is understandable since most people wanting to profit from currency trading these days do not have contact with real traders since they trade from home. And since you don’t know other traders, you always think they are doing better than you.

When you boil it down, success comes down to your expectations. If you meet your expectations, you’ll consider yourself a success. If you do not reach your goals, you’ll be disappointed and feel like a failure.

The smart thing to do is lower your expectations to make sure your goals are relatively easy to reach. This can pretty much guarantee your success. When you adopt the “Low Expectation Forex Trading Philosophy” you can make success a reality and not just a dream. Now don’t worry, life changing wealth can be created over time even when your expectations remain reasonable.

Here are 3 places you should consider lowering your expectations…

Try lowering your monthly and yearly percentage gain goals. Of course, it would be wonderful to see 100% profits monthly. But that is just not a reasonable expectation, regardless what the over-hyped websites say. Starting with just $2000 and increasing your account 100% a year (not a month), would make you over a million dollars in less than 10 years.

Try lowering your monthly goals in terms of pip gains. The common myth is you need to make 100 pips a month to be a successful Forex trader. In reality, pip gains are secondary to your overall money management. You might be surprised to know you can make huge profits with only 100-200 pips a month.

Try giving up altogether your goal of trading Forex on your own. The truth is, Forex trading is not for everyone and most people can never learn to do it profitably under live market conditions. If might be better to use a Forex signals service and let an already profitable trader do the trading for you. To learn more: Forex Trading Plan

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