In trading, as with any endeavour that requires great focus and skill, there may be times when you hit a difficult period.
It’s in moments like these that a little bit of inspiration can go a long way. Sometimes we need that extra boost to keep us motivated when things get tough. Sometimes we need to be reminded that, often, the best way forward is rooted in the simplest of ideas.
If you’re in need of a pick me up then you’re in luck. Here, we share five of our all-time favourite inspirational trading quotes by some of the world’s greatest trading experts. Enjoy!
1: “You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.” ― Alexander Elder
Trading Forex, Crypto or Stocks is no walk in the park. It takes a lot of hard work and countless hours to become a success at it. So, when it all begins to feel a little too much, it’s important to remember why you got in the trading game in the first place. The flexibility, the freedom, the opportunity to live and work on your own terms.
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2: “When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well.” ― Randy McKay
Every trader will experience a bad day at some point. As much as it may hurt, it’s important to take a step back, let your emotions cool down, and come back with a clear mind. Never trade out of desperation. The market will still be there tomorrow.
3: “Don’t make friends with trend, make friends with each candlestick” ― Vivek Nair
It’s easy to get swept up with a trend, to blindly follow the herd in whichever direction it’s heading. But being a professional trader is never about the broad strokes. Be vigilant and analyse all the data available to you. That’s where great traders begin to spot the signs that can cause potential market rallies.
4: “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” ― Peter Lynch
It can feel as if some traders make all the right moves all of the time. But that’s rarely, if ever, the case. Don’t feel disheartened, even the big players make bad plays from time to time. The real secret to being a profitable trader is not a 100% success rate, it’s about ensuring your profitable trades outweigh your losses
5: “Why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?” ― Paul Tudor Jones
Sometimes it’s easy to get too caught up in the moment that we risk losing sight of the bigger picture. Trading should be your gateway to a happier, more prosperous life. Spare yourself the anxiety and the unnecessary tension. Never risk more than you can afford on a single trade.
Feeling all pepped up and ready to trade?
Then head to CedarFX where you can trade over 170 assets, including Forex, Crypto, Stocks, Indices, and more with high leverage, 0% Commission and ultra-low spreads. Sign up and create an account to start trading from just $10!