Hello again to all you FXML followers. I hope you are having a wonderful morning, particularly after waking up in profit. We opened a couple of forex signals last night in NZD/USD and GBP/USD and woke up today watching one of them, the GBP/USD signal reach take profit.
This is a good start to the day and the sunny weather makes it feel even better. So far, we are more than 300 pips in profit for the week with two days still to go. We have an open forex signal in NZD/USD, which approaching the take profit level. We opened it last night at 0.7288 while this forex pair was retracing higher, but the retrace extended further, reaching 0.7303 this morning before reversing down.
It is a great feeling waking up and seeing your forex signals/forex trades hitting take profit, but that´s not always the case with us forex traders. There´s a lot of pain to go through for a trader until he/she becomes experienced enough to beat the market and become successful.
Digesting your losing trades is one of the primary things you have to master in order to become successful. Yesterday we woke up on a losing signal in EUR/GBP but that didn´t put us down. We got over it quickly and closed the day with a nice profit. Your mindset is very important when it comes to trading forex so a positive attitude always helps, it´s called trader psychology.
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