3 Ways to Identify the Strength of your Forex Trading

3 Ways to Identify the Strength of your Forex Trading - Most articles on psychology trade focus on how to minimize weaknesses rather than identifying and increasing one's strength. This may be because there is an assumption that when you overcome your weaknesses, you automatically improve your trading performance, but that is certainly not always the case.

This time, let's focus on a different approach by building our strength first so that we can overcome our shortcomings. But before we start we need to know first, what are the strengths and why are they important to be identified?

Simply put, strength is something you master. But unless you apply a certain strength in achieving productive results, you may not be able to recognize it or you might even see it as a weakness. So how can you identify the strength of your trading? Here are some steps that might help:

1. Review your trade journal

Review your trade records and mark those examples where you think they can perform well. Identify the ten most profitable trades for you and note the following: Which pair do you trade? Do you stick to your trading plan? Are you basing it only on technical, fundamental, or is it a combination of both? How long have you maintained your trade?. Besides asking yourself these questions, identify other common factors that help you win the trade.

2. Write down your strength as a Trader

I know this can be a difficult task, but the famous psychologist trader Brett Steenbarger gives an idea of ​​how we can do it. Let's use the VIA Survey made by the VIA Institute on Character to help people assess their strengths. Try to identify the top five from yourself: creativity, curiosity, openness of mind, love of learning, wisdom, courage, perseverance, integrity, vitality, love, kindness, social intelligence, citizenship, justice, leadership, forgiveness, simplicity, wisdom, self-control, appreciation of beauty, gratitude, optimism , humor, spirituality

Is it done ? Now what I want you to do is think of SPECIAL ways how you can use it every time you trade. For example, I rate love learning as my greatest strength. I think I can use this more by studying different systems and by reading more books about forex trading.

3. Ask for opinions from other people

Even though self-reflection is very helpful, we may ignore some traits that others can easily identify with us. So take the time to ask for opinions from others. Ask your colleagues, manager of traders or coaches, and friends what characteristics you have that they think can make you a better trader.

Record each input they provide and compare each input. You might be surprised at how other people see you. Just as identifying your weaknesses, it's also important to know what you are good at, regardless of whether you want to improve your game.

Do not take it wrong. The point of this article is not to overlook the importance of being able to identify your weaknesses. I just think that identifying your strengths is just as important in realizing your full potential as a trader. So many tips I can share about 3 Ways to Identify the Strength of your Forex Trading. May be useful.