5 Random Thoughts on Forex Trading from a Seasoned Professional

By Jimmy Young

  1. Be humble, patient and optimistic. Trading is tough. Rough patches are inevitable and significant setbacks likely. Persistence and confidence are crucial.
  2. What drives the Forex market is forever evolving and changing. Embrace change. Keep an open mind. Look for the new opportunities being created by change.
  3. Trading with “skin in the game” is the only true test of trading skill.
  4. Take a longer term perspective of your trading results. In the short term luck plays too large a role.
  5. Don’t look for perfection. It’s better to be “roughly” right than “exactly” wrong
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