Without the proper tools, it can be almost impossible to succeed as a trader. But with so many forums, ebooks\u00a0and trading products<\/a> out there, where do you start?<\/p>\n It can be really confusing and you might feel like you are going through the spin cycle of a\u00a0washing machine.<\/p>\n I've certainly been there.<\/p>\n But not to worry. In this post, I'll show you the three things that you need to equip yourself with to help keep you grounded, and on track.<\/strong><\/p>\n …and no, it's not a magic indicator.<\/p>\n These general concepts will help you long after you have given up on that last trading robot or holy grail<\/a>. I will also give you specific solutions that\u00a0I have used and recommend.<\/p>\n “No man is an island.” If you have ever been on any of the public trading forums out there, then you have probably lost some faith in humanity.<\/p>\n Yeah, it can get ugly.<\/p>\n The forum posts usually start off with the right intentions, but then things quickly degrade to name calling and third grade potty-mouth.<\/p>\n So then why would I\u00a0tell you that you need a trading community?<\/p>\n Well, you need to choose the right<\/em> community.<\/strong> A friendly and supportive community can make all the difference and see you through the tough times and help you develop.<\/p>\n As you might know by now, people in your everyday life might not support<\/a> your trading dream. In fact, many will be downright against it.<\/p>\n Therefore a great trading community or even just one or two traders that you can consult with, can make all the difference.<\/p>\n If you haven't read Napoleon Hill's classic book\u00a0Think and Grow Rich<\/a> yet, you need to do it this week. In the book, he talks about a mastermind group<\/a>.<\/p>\n This is a group of people who have a common goal and their participation in the group creates a synergy that makes all of the members better than would be on their own.<\/p>\n So if at all possible, find a solid group of traders that you get along with and keep in contact with them regularly.<\/p>\n I would highly recommend joining Walter Peter's<\/a> Naked Forex Community. It is the most supportive community that I have seen so far.<\/p>\n With most groups, the instructor leads the group and everyone else follows…and that is great.<\/p>\n But what makes Walter's community different is that he also seeks out trading methods that members of the community are trading successfully and gets members to share it. Everyone helps out where they can.<\/p>\n A totally different type of community and more of a true mastermind group.<\/p>\n You can also follow my Forex Traders list<\/a> on Twitter. It can be another great way to start talking to successful traders.<\/p>\n Next, you are going to have to upgrade\u00a0your mindset to become a successful trader<\/a>. You have probably heard this many times, but what does this actually mean?<\/p>\n Well, I'm going to break down the three areas of mindset that you need to start focusing on right now, in order to give yourself the best shot at success.<\/p>\n Let's get real, sometimes trading is going to suck<\/a>. You are going to have a losing streak, you are going to be frustrated and you might want to give up at some point.<\/p>\n But the only way out is through<\/em>.\u00a0<\/strong><\/p>\n If you start breaking down and not following your rules, then you are setting yourself up for revenge trading<\/a> and a huge loss.<\/p>\n So find ways to develop your mental toughness. You can train for something outside of trading, like a sport or some sort of certification. You could also pretend that you are\u00a0down 10% in a month and try to come back from it in a demo account.<\/p>\n Here are some other suggestions…<\/p>\n Chris Capre's<\/a> Advanced Traders Mindset Course is great for this. I would highly recommend it. This course teaches you how to quiet your mind<\/a> and develop the mindset that you need to succeed.<\/p>\n I would also suggest that you learn a new skill that you have always wanted to learn. I've taken up archery.<\/p>\n![\"Upside](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/upside-down.jpg\")
<\/p>\n1. Trading Community<\/h2>\n
\n–\u00a0John Donne<\/p><\/blockquote>\n![\"Island\"](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/island.jpg\")
<\/p>\nRecommended Resources<\/h3>\n
2. Mindset<\/h2>\n
![\"The](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/storm.jpg\")
<\/p>\nMental Toughness<\/h3>\n
Recommended Resources<\/h4>\n
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