How to Train a Mind That Doesn't Lose in Trading [Currency Demon]

3 Ms Are Important

To continuously win in FX, the three Ms—Method, Money, and Mind—are said to be important.

FX beginners tend to be attracted to the method, but as you become intermediate, you realize that money management is more important than the method.

And when you become advanced, both method and money management are ultimately greatly influenced by the trader's psychology, so you feel the need to strengthen your mental state.

In trading, the goal is to maintain composure in any situation or outcome, but I feel this is something very difficult on a daily basis.

In this article, I would like to share my views on how to train a mental state that does not lose in trading.

Table of Contents

1. The Three Ms Are Important
2. Can You Train Your Mind by Getting Beaten by the Falls (Metaphor for intense hardship)
3. Do Not Fixate Too Much on a Single Trade Result
4. Separate Trading Profit/Loss from Everyday Sense of Money
5. If You Lose Big and Your Heart Breaks

●Character count: 1905 characters (including the headings)

※This article is a re-edited version of an article from FX攻略.com, July 2015 issue