1. BE PREPARED & FOCUSED before you strike.
    You need to stay focused, zone everything out and concentrate on nothing but what you are doing, that way you can make every strike count. 

  2. CONSTANT TRAINING to learn automatisms.
    This is important for the times when you are under big pressure because you will be more confident and you will know how to react under stress because you have trained for it!

  3. Have a CLEAR STRATEGY.
    You need to make a plan with specific directions, criteria, risk limits, which brings me to my next rule, where you have to stick to your strategy!

  4. Be DISCIPLINED.
    Sometimes you need to make tough decisions in order to succeed in the long term: you have to respect your risk limits, cut your losses, run your winners, and in other words, always be disciplined!

  5. You need to SLEEP.
    You can’t play well if you don’t sleep enough. Likewise, you can’t think carefully without a good rest at night. That’s why you really need to conserve your energy and be fit for trading.

  6. Learn to HAVE PATIENCE.
    A match lasts 90 minutes, and there are plenty of opportunities to score goals. Don't make hasty decisions. If you risk more and lose, you are likely to become emotional and start making bad trades.

  7. Be AGGRESSIVE if you know what you’re doing.
    Unskilled or reckless tackles don’t help. Leverage is the same: higher rates of leverage aren’t your enemy, but you have to know how to use them properly. 

  8. LEARN FROM A LOSS.
    You can’t win all the games. But you can learn from your losses. You should analyze what went wrong, and apply it to the next game or trade.

  9. Have a WINNER MENTALITY.
    If it was that easy to be a successful professional footballer, everybody would be doing that. But it’s not: you need have a winner mentality, always train harder, always push yourself more.

  10. Team play and LEADERSHIP are very important.
    Being a good leader has been one of my priorities throughout my footballing career, especially as captain of the National Team. 

  11. It’s alright to TAKE A SHORT BREAK.
    Football is my passion, but even I, sometimes, need to take a short break. If you’ve been trading too much lately, and you are not sure where the market is going, take a break. 

  12. BE OPEN to the unknown.
    Nothing is certain in any game. For forex traders, this means that you need to minimize risk but it also means that you need to be prepared mentally for unexpected movements.

  13. TAKE YOUR TIME.
    Trying to score too early is a common mistake because players often don’t realize that earlier isn’t always better. You need to cut your losing trades early, but you have to run your winners!

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

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Editors’ Picks

EUR/USD: 1.0100 remains in sight below 21 DMA, EU GDP, Fed minutes awaited

EUR/USD: 1.0100 remains in sight below 21 DMA, EU GDP, Fed minutes awaited

EUR/USD consolidates the previous rebound amid a cautiously optimistic mood. US dollar takes a breather ahead of Fed minutes, the euro awaits Eurozone GDP. The shared currency remains weighed down by recession fears and gas crises.

EUR/USD News

GBP/USD pokes weekly resistance line around 1.2100

GBP/USD pokes weekly resistance line around 1.2100

GBP/USD picks up bids to extend the previous day’s recovery to 1.2100 during Wednesday’s Asian session. In doing so, the Cable pair approaches a one-week-old resistance line while also portraying the third bounce off the 50% Fibonacci retracement level of July-August advances.

GBP/USD News

USD/JPY leans bullish above 134.00, traces firmer yields ahead of Fed Minutes

USD/JPY leans bullish above 134.00, traces firmer yields ahead of Fed Minutes

USD/JPY holds onto the latest bullish bias while picking up bids to refresh the intraday high near 134.40 as Tokyo opens on Wednesday. The yen pair’s latest run-up could be linked to the firmer yields.The quote ignores the US dollar pullback while trying to justify the mixed data at home and abroad.

USD/JPY News

Editors’ Picks

NZD/USD drops towards 0.6300 as RBNZ's Orr smashes 75 bps rate hike hopes

NZD/USD drops towards 0.6300 as RBNZ's Orr smashes 75 bps rate hike hopes

NZD/USD is turning south towards 0.6300 after RBNZ Governor Orr squashes hopes of a 75 bps rate hike in the coming meetings. RBNZ raised the key rate by 50 bps to 3% while raising OCR projections. Focus shifts to the Fed minutes. 

NZD/USD News

AUD/USD struggles around 0.7000 amid weaker USD, Australian Wage data miss

AUD/USD struggles around 0.7000 amid weaker USD, Australian Wage data miss

AUD/USD is trading close to 0.7000, consolidating the dismal Australian wage price data-led losses. Softening wage growth data could prompt the RBA to slow down its policy tightening. The US dollar looks to extend the previous sell-off ahead of the FOMC minutes.

AUD/USD News

Gold bears are lurking below $1,785

Gold bears are lurking below $1,785

Gold is flat on the day trading at around $1,776.50 and sticking to a tight range of between $1,773.91 to a high of $1,776.85. The yellow metal fell due to rising Treasury yields weighed on investor appetite. A slightly stronger US dollar was also a headwind for investor demand. 

Gold News

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price to provide a buying opportunity before exploding 35%

Dogecoin price sees a slow decline in bullish momentum as a major hurdle puts an end to its explosive move. A pullback is emerging for DOGE and is likely an opportunity that will allow bulls to recuperate and prepare for the next rally.

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