2. Introduction
• Becoming a millionaire through smart forex
trading is a very real possibility.
• But it isn’t as simple as just having the right
tools and training.
• To reach true success in trading it takes
discipline and investing time into developing the
right mindset.
• In this guide, we walk you through the habits
that stop you from reaching your true potential
and becoming a forex millionaire.
3. 16 HABITS THAT STOP YOU
BECOMING A FOREX MILLIONAIRE
• Forgetting About Your Health
There is an assumption in successful trading that you need to work with
110% effort, every hour of every day. This, of course, is a complete myth.
Although hard work is indeed required to become a millionaire, it is
impossible to always be working at your best when you aren’t looking
after your well being.
• Not Managing Your Time Properly
• Managing your time is crucial in becoming a successful trader. Finding
smart ways to achieve better results without having to invest more timeis
the key to getting the most out of your day.
• Ignoring Valuable Resources
When people achieve a little success, it is easy for them to assume they
have learnt everything they need to know. But this is never really the
case, there is always an opportunity to learn new things and accelerate
your success. This is especially true in spaces such as forex trading, where
strategies that used to work can become outdated
4. 16 HABITS THAT STOP YOU
BECOMING A FOREX MILLIONAIRE
• Focusing on One Income
Some statistics suggest that on average millionaires have at least 7
income streams. Relying on one income not only limits your
ability to earn but can also increase your risk. This has become
apparent during the recent pandemic, withsome people losing
100% of their income due to the various lockdowns and
restrictions.
• Not Budgeting
Creating a budget will help you stay in control of your spending.
• Ignoring the Bigger Picture
To become a millionaire, you need to have a clear idea of what you
are working towards. Not only will this help maintain your
motivation, but it will also ensure you don’t waste time moving in
a direction that matters very little to your success
5. 16 HABITS THAT STOP YOU
BECOMING A FOREX MILLIONAIRE
• Ignoring the Smaller Picture
Ignoring the finer details can be just as harmful as not having a
clear idea of the bigger picture.
• Not Starting
Time in the game not only makes you a better trader but also
gives you more time to take advantage of the power of
compounding.
• Surrounding Yourself with the Wrong People
• Spending on Vices
We have already discussed how spending on non-essential
liabilities will disrupt your route to becoming a millionaire.
6. • Wasting Time on Low-value Past Times
• Being Scared of Risk
The remedy to being afraid of risk is understanding it. When you know the
real risks involved in certain investments you can weigh them up against
the potential rewards and assesses whether they are worth it or not.
• Pretending You Know Everything
• Negative Thinking
• Being generous with Your Time
We all want to be thought of as generous and we often find ourselves saying
yes to things even though they don’t interest us or bring us any value.
Being more cautious about how you spend your time doesn’t mean you
should stop helping others. But it does mean that you should consider how
you can best support people given your situation.
16 HABITS THAT STOP YOU
BECOMING A FOREX MILLIONAIRE
7. • Becoming a Forex Millionaire
Becoming a millionaire takes more than just knowing how to generate
income. It also takes discipline to repeat those income-generating tasks and
to not spend more than you make.
In this guide, we have walked you through some habits which may stop you
from becoming a forex millionaire. Take time to assess which of these
habits you have and work out ways to eradicate them from your life.
CLICK HERE TO START YOUR TRADING JOURNEY TODAY!
16 HABITS THAT STOP YOU
BECOMING A FOREX MILLIONAIRE