Growing Pain in Forex Trading

To become a mature trader (not master, also not a gambler I hope) I think that people will passed the growing pain process in their trading.

First trade maybe we still in new luck comer syndrome and got excited that this is a field to grow your money. We almost relied on price movement and didn’t know about system and indicator help, we just thought about profit.

After got hit by the market price movement, then we try to understand all the background behind the price. We started to trust our own indicator, own understanding in forex system, money management, but still not in maximum achievement in profit. We even might be always remembered the first profit that we have reached before and got regret couldn’t get it anymore. This is I called growing pain process. Because in a side, we already more careful with the system and market, but still in the process to build the mentality in discipline, in managing the greed and the fear between.

I started become a serious trader still not in one year, and got realized that to reduce all the pains from forex trading starting from self management just like others job that I usually did before. So, profit is not the big issue in every business, the important thing is the continuity to earn the profit even in slow growth.

I’m sure that every friend of mine or other good traders had already got the nice system for themselves (both in technical, or money management) and realized that system is not 100% reliable. So it’s still need human control / human sense to improve the result. So maybe practice makes us better, but managing the balancing of greed and fear suppose erases our pain and keep the margin up.

What do you thought ? Any opinion or experiences that you want to share in your growing pain process ??.