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10 quotes of successful forex traders and their meaning

10 quotes of successful forex traders and their meaning

Words show the personality of an individual. They create an amazing impact on the listeners. Words depict the perspective of a person about various things. They are the reflection of ideas and strategies. The sayings of successful people are nothing less than a motivation for others. They enhance the knowledge about a particular topic and motivate people to see beyond the boundaries.

There are numerous successful forex traders. They had a very difficult life and had to do strenuous activities in their lives but they never stopped trying. They kept on facing all the troubles and tribulations in their lives. Despite all the shackles in their way, they remained firm. They didn’t bother the winds that blew fast or the lack of capital. They always stayed determined in their motives and ended up doing wonders.

Below are some of the quotations from successful forex traders that will instil a sense of devotion in your soul.

1. George Soros

“It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.”

This quote of George depicts his theory of trading and his sincerity in his job. One needs to be extremely steadfast and resolute about his ideas. If you have a clear depiction of your path and you know that your path is the right one, you will always make money.

On the other hand, if you are dishonest and you aren’t sincere with your job, you will lose a lot of money. The key point is to be sincere with your job and do it with all pleasure.

Infuse your heart and soul to it and it will surely return you back.

2. Stanley Druckenmiller

“The few times that Soros has ever criticized me, was when I was really right on a market and didn’t maximize the opportunity.”

The best thing about successful traders is that they always recognize their fault and work on it. They are their best critics and take constructive criticism constructively. In the above quotes, Stanley mentions that Soros criticized me for not taking the benefit of an opportunity and I agree with the fact.

3. Paul Tudor Jones

“Intellectual capital will always trump financial capital.”

Successful traders are always highly intelligent people. They always work strategically. Even if they are of average intellect, they put their soul into their work which ultimately brings them the sweetest fruit. This quote of Paul depicts the fact that even if you are low in capital, you can do wonders with your intellectual ability.

4. J.P Morgan

“Go as far as you can see; when you get there, you’ll be able to see farther.”

Go as far as you can. Your boundaries should be infinite. Once you reach your motive, think of the future. Think of more and more. Once you stop learning and earning, there is no point in living.

5. Richard Dennis

“Trade  small because that’s when you are as bad as you are ever going to be. Learn from your mistakes.”

This particular quote of Richard is a lesson to always begin with less capital. Never invest all your capital and end up losing it all. Begin with less and gradually enhance your business. It will help you learn a lot.

6. Bill Williams

“The key to success is being able to trade your belief systems and have fun.”

This is probably the best advice. Always believe in yourself and enjoy your work. When you do it with joy and love, you will always earn more. The best thing that can happen to a person is to have his passion as his profession.

7. Nassim Nicholas Taleb

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.”

There is no chance of growth in jobs. You can’t create better opportunities for yourself. You have to live according to the signals of your company. Every individual should generate means of passive income for him. He should always try to generate better opportunities for him. One fixed salary is even worse than loads of carbohydrates intake.

8. Ed Sey Kota

“Risk no more than you can afford to lose and also risk enough so that a win is meaningful”

Never risk all your capital in the beginning but risk this much that you gain some profit. This is the primary rule of trade which has been wonderfully depicted by Ed Sey Kota.

9. Peter Lynch

“All the math you need in the stock market you get in the fourth grade.”

We can learn a lot of things at our early ages which we generally ignore. If we apply them practically, we can achieve a lot in our lives.

10. Victor Sperandeo

“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading … I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.”

These quotes can change a person’s life. If you are looking for some motivation, give them a read and re-evaluate your perspective about various concepts.

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