Be Patient and Realistic

You need to be patient and have realistic expectations about the Forex Market. The truth is that Forex is a difficult market, and unless you work hard on it, you won't achieve consistent results. You need to treat Forex trading as a business and you need to be patient. In order to become a professional trader you'll need some time.

Don't set unrealistic goals. If you do so, you'll be frustrated when you realize that you weren't above to achieve them.

When you define your goals in Forex trading, define ambitious goals but, at the same time, goals that you can accomplish. If you're just starting in the Forex market, define as a goal achieving a profit at the send of the month. It doesn't matter if it's a big profit or not, but if you can start with a profit, you're on the right track. If you're just starting and define goals like "I'll make $ 20K by the end of the month", you're just dreaming. This is the kind of unrealistic expectations that destroy most beginners in Forex. Since they define unrealistic goals, they start taking huge risks in order to believe that they will achieve their goal. The worst part is when the huge risks destroy their account, and they find out that Forex trading is not a get rich quick opportunity.

Patience and realistic goals are really important for a Forex trader. If you define good goals and you have the patience to work and improve your strategy, you're on the right track.