Forex Hub is a Free Forex Knowledge and signals group.
Our Aim is to help traders grow through our content.
Our Aim is to help traders grow through our content.
Good morning everyone!
Welcome to Forex Hub
From now on we will provide this channel with educational stuff and signals on a more regular basis. Hope you will enjoy that!
Welcome to Forex Hub
From now on we will provide this channel with educational stuff and signals on a more regular basis. Hope you will enjoy that!
Maybe as a good start a few words about discipline.
We have realized that there are too much people out there who think that trading is like easy money and they think that they can flip easily a 100$ account into 50K in a month. We are laughing at that.
Look at people who made it to the top. We do not only mean famous traders, but also musicians, football stars or the top businessmen.
“Life is a constant growth” (Tony Robbins) and that’s how your attitude should be in life.
John C. Maxwell, one of the top coaches for leadership in the world, says that there are two types of people outside: The ones that wait till they feel like it to do stuff and the others who say “I gotta do it so that I’ll feel like it!”. We think no further explanation is needed to determine who is more successful in life.
While answering how Kai Greene won the Arnold Classic in 2016 he explains: “Being proud and do things over and over and over again. […] Be on time, cook your meals, go to your cardio. […] The more you create days of efficient actions, the more likely it will be that you can setup your own success.”.
Look at Arnold Schwarzenegger, Christiano Ronaldo or Michael Jackson.
They are all the result of one and the same thing: DISCIPLINE.
Trading does not automatically mean Lambos and Yachts, it’s just a business which delivers us more freedom than others. And like in every other business you won’t succeed without long-term view and discipline. With that we mean the control of your own emotions, proper risk-management and the ability to learn off your own mistakes.
To reach that goal you must try to be disciplined in all aspects of your life. Try to get up early, work out, give 110% when working out. You will notice that your overall productivity in other parts of life will rise passively.📈
Think about it: If you even can’t stick to your diet, how you want to handle risk in your trading account?😄
With this in mind, trade safe and be disciplined for the coming week!👍
We have realized that there are too much people out there who think that trading is like easy money and they think that they can flip easily a 100$ account into 50K in a month. We are laughing at that.
Look at people who made it to the top. We do not only mean famous traders, but also musicians, football stars or the top businessmen.
“Life is a constant growth” (Tony Robbins) and that’s how your attitude should be in life.
John C. Maxwell, one of the top coaches for leadership in the world, says that there are two types of people outside: The ones that wait till they feel like it to do stuff and the others who say “I gotta do it so that I’ll feel like it!”. We think no further explanation is needed to determine who is more successful in life.
While answering how Kai Greene won the Arnold Classic in 2016 he explains: “Being proud and do things over and over and over again. […] Be on time, cook your meals, go to your cardio. […] The more you create days of efficient actions, the more likely it will be that you can setup your own success.”.
Look at Arnold Schwarzenegger, Christiano Ronaldo or Michael Jackson.
They are all the result of one and the same thing: DISCIPLINE.
Trading does not automatically mean Lambos and Yachts, it’s just a business which delivers us more freedom than others. And like in every other business you won’t succeed without long-term view and discipline. With that we mean the control of your own emotions, proper risk-management and the ability to learn off your own mistakes.
To reach that goal you must try to be disciplined in all aspects of your life. Try to get up early, work out, give 110% when working out. You will notice that your overall productivity in other parts of life will rise passively.📈
Think about it: If you even can’t stick to your diet, how you want to handle risk in your trading account?😄
With this in mind, trade safe and be disciplined for the coming week!👍
EDUCATION
In our last article we tried to clarify that you can take any successful person of any sphere and compare it to the success in trading. There is always the same pattern: Discipline, discipline and again discipline.
Another example is Jocko Willinks, a former Navy Seal, honored by silver and bronce star medals for his service in the Iraq war, who explains in an interview how he came to that success and how he spent 20 years in the elite military unit of the United States of America.
In his 11 RULES FOR SUCCESS we can see similarities in trading, which we want to explain in the upcoming posts.
In our last article we tried to clarify that you can take any successful person of any sphere and compare it to the success in trading. There is always the same pattern: Discipline, discipline and again discipline.
Another example is Jocko Willinks, a former Navy Seal, honored by silver and bronce star medals for his service in the Iraq war, who explains in an interview how he came to that success and how he spent 20 years in the elite military unit of the United States of America.
In his 11 RULES FOR SUCCESS we can see similarities in trading, which we want to explain in the upcoming posts.
1. Take ownership
The next time you get into a situation where you failed your goal, take the reasons and excuses and figure out how those things were actually your fault and how you could have prevented them. One example of my time as a Navy Seal: “We didn’t get the mission accomplished because the weather rolled in and we couldn’t launch on the mission”
So you failed the mission because you can’t control the weather and that’s true, that’s a logical reason. But instead, think about what you could have done to have control of the weather? You could have come up with a contingency plan!
Maybe we can’t control the weather but we can control how we plan, how we execute so that this won’t happen again.
Take the most outrageous thing that you know you can’t control and figure out how to control it! You take ownership of that thing and the next time you have a mission, you plan that contingency and you actually execute what you said.
You will accomplish the mission!
What does this mean for my trading?
Jocko Willinks mentions a perfect example of our situation as a trader. The market is like the weather, we can’t control it.
So even if you lose, you have to analyze the situation and check what were your mistakes and how you could have prevented them. You have to make a “contingency plan”.
As traders, our contingency plans in this case are our right risk management, the use of trailing stops and so on.
To keep a trading journal helps us very much to realize mistakes. Maybe you can identify patterns in your losing trades so you can change your behavior in different situations and avoid them. Key in this game is, that you do not accept that loses come into play.
Take ownership of your trading! 📈
The next time you get into a situation where you failed your goal, take the reasons and excuses and figure out how those things were actually your fault and how you could have prevented them. One example of my time as a Navy Seal: “We didn’t get the mission accomplished because the weather rolled in and we couldn’t launch on the mission”
So you failed the mission because you can’t control the weather and that’s true, that’s a logical reason. But instead, think about what you could have done to have control of the weather? You could have come up with a contingency plan!
Maybe we can’t control the weather but we can control how we plan, how we execute so that this won’t happen again.
Take the most outrageous thing that you know you can’t control and figure out how to control it! You take ownership of that thing and the next time you have a mission, you plan that contingency and you actually execute what you said.
You will accomplish the mission!
What does this mean for my trading?
Jocko Willinks mentions a perfect example of our situation as a trader. The market is like the weather, we can’t control it.
So even if you lose, you have to analyze the situation and check what were your mistakes and how you could have prevented them. You have to make a “contingency plan”.
As traders, our contingency plans in this case are our right risk management, the use of trailing stops and so on.
To keep a trading journal helps us very much to realize mistakes. Maybe you can identify patterns in your losing trades so you can change your behavior in different situations and avoid them. Key in this game is, that you do not accept that loses come into play.
Take ownership of your trading! 📈
FOREX HUB
BUY GOLD SL: 1380 TP1: 1390 TP2: 1400 TP3: 1410
TP 1 hit✔
Move stop loss to break even.
Move stop loss to break even.
Please note that this is NPF week and markets are preparing for the start of the month
We will basically scalp our way through till next week , take what the markets gives you and benefit from it, management is all that matters
Kind regards 🏋🏾♂️
Kind regards 🏋🏾♂️
FOREX HUB
1. Take ownership The next time you get into a situation where you failed your goal, take the reasons and excuses and figure out how those things were actually your fault and how you could have prevented them. One example of my time as a Navy Seal: “We didn’t…
EDUCATION
We go on with rule number two!
We go on with rule number two!
FOREX HUB
EDUCATION We go on with rule number two!
2. Getting up early
“I wake up at 4:30 am. The reason I get up at 4:30 in the morning is because no one else is awake yet, so that gives me the opportunity to do things that I need to get done kind of selfishly for myself and the big one in that category is working out.
To be honest, it doesn’t feel good at 4:30 when you get up but by the time 7 o’clock rolls around and you’ve already worked out and gotten some work done, it’s infinitely better than sleeping until 6:45.”
What this has to do with trading?
Make a schedule.
4:30 is a time, which doesn’t fit for everybody to get up. Personal circumstances like work or health are constraints to that ideal.
But however, set a time for you to get up and wake up at the same time every day.
You will experience very fast, that your overall productivity will rise if you have a daily routine.
Just imagine that you from now on will get up at 5am every morning.
After you get up, you make a workout at the gym or at home. Finishing the workout you notice that you are full of power and you can start the day with your highest focus.
Have a coffee, eat breakfast and put on your computer to make your daily analysis.
Getting up early is a big advantage for us as traders, because we do our analysis in the morning before the trading sessions begin and the volatility kicks off.
Having a daily routine with early and productive mornings helps us to get a clear mind and to improve ourselves for this game, so make sure to get up early!☀️🕔
“I wake up at 4:30 am. The reason I get up at 4:30 in the morning is because no one else is awake yet, so that gives me the opportunity to do things that I need to get done kind of selfishly for myself and the big one in that category is working out.
To be honest, it doesn’t feel good at 4:30 when you get up but by the time 7 o’clock rolls around and you’ve already worked out and gotten some work done, it’s infinitely better than sleeping until 6:45.”
What this has to do with trading?
Make a schedule.
4:30 is a time, which doesn’t fit for everybody to get up. Personal circumstances like work or health are constraints to that ideal.
But however, set a time for you to get up and wake up at the same time every day.
You will experience very fast, that your overall productivity will rise if you have a daily routine.
Just imagine that you from now on will get up at 5am every morning.
After you get up, you make a workout at the gym or at home. Finishing the workout you notice that you are full of power and you can start the day with your highest focus.
Have a coffee, eat breakfast and put on your computer to make your daily analysis.
Getting up early is a big advantage for us as traders, because we do our analysis in the morning before the trading sessions begin and the volatility kicks off.
Having a daily routine with early and productive mornings helps us to get a clear mind and to improve ourselves for this game, so make sure to get up early!☀️🕔
EDUCATION
We go on with rule number three!
3. Be yourself
Rule No. 3 by Jocko WIllinks is “Be yourself”.
We think a further explanation is not needed, just take it as simple as it is.
Always remember that you do everything for yourself, forget the others.
Too much people are out there who just set one or two trades and directly act like they make a full living of Lambos and Rolex’ through trading.
Don’t do that if you really didn’t achieve that.
A big part of trading is to be honest to yourself.
This is the foundation to learn from your mistakes and improve your skill and personality.
Go on guys! 📈👍
We go on with rule number three!
3. Be yourself
Rule No. 3 by Jocko WIllinks is “Be yourself”.
We think a further explanation is not needed, just take it as simple as it is.
Always remember that you do everything for yourself, forget the others.
Too much people are out there who just set one or two trades and directly act like they make a full living of Lambos and Rolex’ through trading.
Don’t do that if you really didn’t achieve that.
A big part of trading is to be honest to yourself.
This is the foundation to learn from your mistakes and improve your skill and personality.
Go on guys! 📈👍