Bring something to write on whenever you go out. No matter where you’re at, you can use the notebook to write down intriguing and thoughtful information you discover about the markets. It is also a good idea to write down the progress that you are making. Then you can use these notes as part of your strategy.
Always put some of your forex earnings in your pocket. If you win some trades, be sure to send a withdrawal order to your broker and get some of your money out! Earning money in Forex means earning the right to enjoy it.
Emotion has no place in your successful Forex trading decisions. Emotions are by definition irrational; making decisions based on them will almost always lose you money. Emotions are important, but it’s imperative that you be as rational as you can when trading.