Forex Traders Quotes

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.

Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.

The expectation that you bring with you in trading is often the greatest obstacle you will encounter.

The mind is a fascinating instrument that can make or break you.

In order to succeed, you first have to be willing to experience failure.

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly.

When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.

A quiet mind is able to hear intuition over fear.

Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.

Losses are necessary, as long as they are associated with a technique to help you learn from them

Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.

You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.

The process by which one accumulates money is so simple, yet so hard to implement for most.

Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.

Everybody is a long-term investor till the market drops by 10% or more.

Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.

Money matters, but not as much as you probably think.

You have power over how you'll respond to uncertainty.

Trading mastery is a state of complete acceptance of probability, not a state of fight it.

Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.

Trading effectively is about assessing probabilities, not certainties.

Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.

Events, circumstances, and experiences arise and pass away. Winning trades, losing trades, fear, greed, sadness, happiness, and eventually your own life. Everything is in a constant flux. Learn to go through it with stability of mind. A meditation practice helps a lot.

Short-term trading is very time-consuming. That is why even “successful” short-term traders can easily have negative real ROI.

Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.

Freedom from blind reactivity begins with self-awareness.

All statistics have outliers. Money management, therefore, is key to the process of good trading.

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No importa si la acción sube o baja; Mientras se mueva, existe la posibilidad de hacer trading.

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In Trading, Every Setback is a Setup for a Comeback.

In a volatile market, high leverage trading can be a double-edged sword. If you’re not an experienced trader, it is best to avoid taking large leverage positions. Protect your capital—start small, learn, and scale wisely.

You have 30 to 50 times better chances of creating a successful business than at succeeding as a short-term trader.

10/20/30 Rule in my book can level the playing field for a retail forex trader to trade alongside big banks and hedge funds.

There is a huge amount of freedom that is derived from not fighting the market.

You will never find fulfillment trading the markets if you don't learn to appreciate and be satisfied with what you already have.

Track Your Favorite Instruments I have met so many traders whose trading journey ends up looking something like this: One month they’re trading stocks (“we’re in a bull market, man!”) When that didn’t work out, they jump to options (“strangles and spreads, that’s where it’s at, baby!”) When that didn’t work out, they jump to forex (“I just bought this forex robot, it does all the trading for me!”) When that inevitably didn’t work out, they jump onto Bitcoin (“it’s gonna replace money!”) When that didn’t work out, they jump on social media (“I saw this ad on Facebook about trading binary options…”) By now, they have to go back to work, because they have blown up whatever trading capital they had left.

It is a "known fact" that 95% of all private traders lose all their money in the first 12 months.

It is a "known fact" that 95% of all private traders lose all their money in the first 12 months. Not true - at least not with completely random trading and one trade per day. You can see from the profit distribution that only about 55% lose money at all (the sum of the red bars with negative profit), while 45% end their trading period with a profit. Of course, they won't attribute their success to the bell curve, but to their trading skills.

The profit distribution of real traders is not a Gaussian, but a Lévy distribution. It has a smaller peak and fatter tails. That means the losers lose more, and the winners take more than in a random-trading situation.

As a result, private traders have a slightly higher annual loss rate of about 65%, but certainly not 95%, not even beginners.

Emmanuel Omowaiye is an experience forex trader who has spent many years investing in the financial sector. Emmanuel Omowaiye is passionate about religion and encourages people to spend more time getting to know their relationship with God. He is also an experienced architectural designer with NYC Technical College.

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