• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Forex Trading On The Go

Forex Trading On The Go

Professional Forex Trading Education. Get Forex Trading Articles, Commentary, Videos and More...

  • Home
  • About Us
  • Trading Basics
  • Trading Articles
  • Trading Strategies
  • Reviews
  • Contact Us

Can Inaction Sometimes Hold the Key to Success in Forex Trading?

June 15, 2020 By modekurti

There always seem to be a mad rush amongst Forex traders to find out a single magic bullet or a golden key that (according to them) would double up as the solution to all of their Forex trading problems. And then they could not be blamed as well, because the markets are choc-a-block with people selling and peddling all sorts of magic wands like indicator info, tutorials, inside news reports and so on. Each new day sees a new stuff being peddled to Forex traders and the rush to acquire them begins all over again.

I know that it does sound a bit hard to digest, but there are so many instances in life when the best that you could do at that point is to do nothing. If you ask me, the most pervasive blunder that majority of the Forex traders are involved in is to go overboard in terms of action and in the process create obstacles to their own Forex trading success.

I suggest that you spend some time in analyzing your past trades where you lost money. When I say losses, I am definitely not saying about the usual kind of losses but those losses that made you tear your hair apart because you felt that you could have avoided them. These losses in all probability have been due to some kind of unwarranted “action” on your part, maybe you jumped the gun and tried to trade even when it was against your trading plan.

If you really are being straightforward here, then you will realize that you have lost a lot more of your money because of over-trading or getting too emotional with your trades and attempting to ‘micromanage’ them?

Stop Draining Away Your Success

If you actually are desperately trying to find ways in which to make money, then I think you need to first seal and bar all those leaking points and stop doing each one of those things that are draining away your chances of making a profit. The reason your Forex trading may not be lucrative at this point in your Forex trading career may be that you are basically doing too much.

Traders time and again hunt all around for some ‘magic key’ to profitable Forex trading and in the process forget to see the real problem, which in reality is their over-action.

The real ‘key’ to trading success, is not over-action, but inaction. Inaction at the right time can in fact be more profitable and lucrative than over-action at the wrong time.

Testing the Truth of the Matter

If you still are unconvinced about the benefits of inaction, I suggest that you put your actions to a test. A test that will unearth the real facts and truth of the matter.

Here’s what you need to do. Next trade that you are planning to take is the battle-ground. You will only set it up and then do nothing with it for one week. Set the trade entry, stop loss and target and hold yourself from looking at the charts again for a week.

If you do this, and truly do it without cheating, you will perhaps be shocked at the result. You will either have success in reaching your profit target, or will got stopped out for a pre-planned amount of money that you were comfortable with losing, or the trade might still be open.

The most important fact about any of these three circumstances is that the maximum you can lose is your 1R predetermined risk amount in a 7 day period. On the other hand, the positive aspect is much superior at hopefully a 2R profit or greater.

Now is the real difficult part of the test. Try to do some deep self-analysis, and just mull over the number of trades that you would have got involved in if you were not restrained in this manner. I am sure that you will say “too many” and that will certainly be an honest real answer. It goes without saying that the number of emotions and stressful situations associated with those “too many” trades will also be too many.

I strongly suggest that you indeed go through this little self-analytical experiment and do it perfectly and you will pick up something. If you cannot exercise self-control and maintain inaction for 7 days, you possibly don’t have what it takes to be a successful trader, so hold onto that thought as well.

Do Not Hinder You Own Success

No matter how many price action strategies, you may have mastered, you will never taste success, if you keep constantly meddling with your trades and engaging in over-trading.

For any of your successful trading strategies to work, you ought to give it time and opportunity to play out in the market, which in reality means doing nothing most of the time and just exercising self-control. Let the market do the ‘work’ and you go do something else, or nothing. Over-indulgence with your trades is only going to hinder your own success and result in losing more of your hard-earned money.

In case you still are finding it difficult to restrain yourself from over-action, then you can consider your losing trades as cost of doing business and the winning trades as your revenue. So, just as you cannot avoid incurring costs in doing business, similarly you cannot avoid losing trades. This kind of thought process will help in self-control whenever your fingers start itching to do something out of the plan of action.

Filed Under: Trading Articles

Primary Sidebar

More to See

18 Easy Tips to Boost Your Forex Trading Success

April 23, 2025 By modekurti

The Case for End-of-Day Trading: Why Less Screen Time Leads to Better Results

April 7, 2025 By modekurti

UpViral-300250

Footer

Trading Resources

'New York Closing Charts' - Get Preferred Forex Trading Platform

Daily FX

Forex Factory

Forex Position Size Calculator

Image Sharing Tool

Investopedia

XE Currency Converter

Recent Posts

  • 7 Hidden Realities of Forex Trading You Need to Know
  • 18 Easy Tips to Boost Your Forex Trading Success
  • The Case for End-of-Day Trading: Why Less Screen Time Leads to Better Results
  • Overcoming the Fear of Losing Money in Trading
  • Inside the Daily Routine of a Professional Forex Trader

Affiliate Disclaimer

IMPORTANT: Please note that some of the products promoted on this website are owned by other companies, and we promote them as their affiliates. We get paid a commission on every sale that is made. However, you can be certain that We only recommend products with the highest quality. For more details, please see my FTC Disclaimer.

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by www.ForexTradingOnTheGo.com, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright © 2018-2023 www.ForexTradingOnTheGo.com | All Rights Reserved
Site Design Powered By Magazine Pro Theme On Genesis Framework
Home | About Us | FTC Disclaimer | Privacy Policy | Site Map| Terms Of Use