Slow and Steady Wins the Race

One thing I firmly believe in is that Forex trading success is largely a result of the quality of the trades you take…not the quantity of trades you take. By simply reducing the frequency with which you trade, you will simultaneously improve your odds of succeeding over the long-term. You need to understand and accept the fact that 2 or 3 quality trades a month is going to put you much further ahead than 20 or 30 emotion-fueled impulse trades a month…no matter how good it makes you feel to take them.

Remember, the tortoise won the fabled race because he was slow and consistent, instead of fast and full of emotion like the hare…

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An Inspiring Story - The Story about Little Johnny

 

Little Johnny is always being teased by the other neighborhood boys for being stupid. Their favorite joke is to offer Johnny his choice between a nickel and a dime -- Little Johnny always takes the nickel.

One day, after Johnny takes the nickel, a neighbor man takes him aside and says, "Johnny, those boys are making fun of you. Don't you know that a dime is worth more than a nickel, even though the nickel's bigger?" 

Johnny grins and says, "Well, if I took the dime, they'd stop doing it, and so far I've made $20!"

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