Although trading is an incredibly interesting process that takes a lot of effort, that is hardly the only challenge that we can be facing while trading. Being a difficult and demanding process we need to be prepared for all of the difficulties that may be thrown out way.

So, what are the main challenges of trading that make us fail time after time?

1. We need to make a lot of preparations.

Trading without being prepared is not something that is super-advisable to do. In fact, it is a bid no-no. especially right now. And we do not always have tome or desire to prepare for another trading session. that is why we need to plan our time with preparation towards each trade in mind.

2. We need to take in a lot of information.

Yes, while preparing to trading we are taking in a lot of information. And that can be difficult as being over-filled with information is a real problem. Headaches and not being able to relax is a real problem for us all.

3. We need to monitor for changes and improvements.

Changes of the market is a real problem. and we need to be prepared for all of them. Also, not only we need to be prepared for them, we also need to search them out, as they are not going to come to us all by themselves.

Looking for improvements to our strategy is another thing on our agenda… as is all of the other stuff wasn’t enough.

4. We need to be patient.

Trading is not always about actions. Sometimes it is about waiting and being patient in waiting for the right signal from the graph. And that can be annoying. Just sitting there. Looking at a graph and not making any money for that. Plus, isn’t that enough that we have to wait in our every-day life for everything? Well, apparently not.

5. We need not to think about fear to fail.

Fear of failing is not a virtue. Anywhere. And in trading especially as here fear to fail is something that blocks our whole mind and doesn’t let us do anything. And that is why we need to block all of the fear in our minds and just trade.

6. We need to think about the future.

Why do we trade/ to make money for the future, obviously. And making money for the future is a frightening thought just because it has the word ‘future’ in it as thinking about the future can be unnerving. What do we do here? Think about future, but not too much.

7. We need to ask for help.

We are way to independent to ask for help, but sometimes it is just a necessity. Here we absolutely need to ask another trader or a broker for help. The more people can help you, the better. But do not try and listen to everyone – your own opinion is the most important.

8. We need to remember about scammers.

Ugh, scammers. They are everywhere and for us they also create additional and quite unnecessary obstacles. We need to check all of the broker, signals providers and financial advisors – all of the can be harmful to us.

9. We need to admit that we were wrong.

Although loss is indicator enough, we need to admit that we were wrong and that is never a pleasant experience, especially to admit that to yourself in the first place.

10. We need to block out the stress of losses.

Yet another task that we have to do for our own well-being. Blocking out the stress of a lost trade. just move on from the losses. That might be hard to do, but in the end that a necessary action that is going to help us in the future.