[FX] Instead of a mindset for winning at FX, why not review the mindset patterns you have when you lose at FX?

It's Kaeru here 🐸
I think you often hear words like mindset, mental state, or spirit when it comes to winning at FX. In short, it's about what kind of feelings you should have when approaching FX trading, or what kind of mindset you should have when facing FX trading.

I will proceed by defining these as mental-related topics for now.

Mental-related topics are not directly linked to winning or losing in FX.
What determines winning or losing in FX is the lot size, timing, and the timing of taking profits and cutting losses when you enter a trade; you cannot win or lose directly through your mental state.

Among mental-related topics, in extreme cases, some people write things quite seriously like,
"If you keep thinking that you can win and that you are rich, you will be able to win more and more in FX too."

Some people write things like that quite seriously (;^_^A

That way of thinking itself is important, but it doesn't mean you can win at FX because of it, so if you are currently struggling because you can't win at FX, make sure to properly acquire a trading method.

So, are mental-related topics unnecessary in FX?
That is not the case.

In FX, imagining yourself losing and taking your winnings and running is the best strategy.

As I wrote in a past article, I believe that thinking about losing rather than winning leads to ultimate victory in FX.
Past article ➡[FX] You must become a fool who thinks about losing. Don't think you'll win; if you think you will, you'll lose.

For example, this is one of my recent trades, but what would have happened if I had held on any longer? Before long, it would have broken the break-even point, and I wouldn't have been able to recover from the loss, which would have caused my mental state to collapse and affected my subsequent trades.
By thinking about losing in advance,
Oh, this is scary. I don't want this to happen.
By drilling this negative simulation into yourself, you can plan to take your winnings and run.

I'm not saying you should take your winnings and run at 1 pip, but it becomes important to always be aware that the market might reverse, and to be ready to escape immediately if you think things are looking suspicious.

When I check the chart after taking profits, I often see that it extended even further than that. At such times, I regret that I should have held on longer, but I must remember that it is entirely possible for the market to move in the opposite direction.
I think you should remember that taking profits early out of concern for losing is not running away, but a habit of a smart trader.

However, as a matter of course, as mentioned above, this is not a world where you can win just by talking about mental states. It is a major prerequisite to have acquired a solid trading method.

In order to continue winning at FX, you need to make trading a habit, just like your daily routines. In my note, I also introduceHabit-based 3-line FX trading, so please read the article if you'd like.

Non-discretionary FX tradingincludingFX Strategy. FX Trading Method Magazineis here

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Click here for FX methods.

♦Habit-based 3-line FX trading | Kaerun@Applied FX Trader | Binary Options | Former Financial Web Writer |
♦[FX] Almost non-discretionary trading. Completely thoughtless, purely logical FX trading, an FX method safe even for beginners | Kaerun@Applied FX Trader | Binary Options | Former Financial Web Writer |
♦[FX] FX, Gold mental fortitude otherworldly method | Kaerun@Applied FX Trader | Binary Options | Former Financial Web Writer |

That is all for today's article.
I will continue to share useful information about FX and other topics with everyone, ribbit. I would be happy if you could like or follow the article if you'd like. See you tomorrow ✋

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