New Year only means one thing: empty promises of losing weight, becoming super-organised, eating healthily – the list is endless. And if we’re honest, most of these resolutions will have been forgotten by the second week of January. So we’ve come up with three simple trading New Year’s resolutions that shouldn’t be too difficult to implement and will have a big impact on your trading success. Read on to find out more…
1. Make more time for you
Okay, this might come as a surprise as top of our list – but in order to be successful at trading (or anything, really) you need to make sure you’ve got your work/life balance right. So we’re kicking off with a resolution that should be enjoyable (if not easy) to keep – make sure you have time for trading, work commitments, keeping fit – plus hobbies, time with friends and family and some time to yourself.
Taking time to relax will help you focus on your trading goals and make 2016 a more successful year. The SPEND/Trader Lifestyle section of our website is all about making the most of your time away from the trading screen – so stay tuned for events, travel, news, sports, cars, tech and plenty more healthy distractions from the charts.
Get started now: Read Take Five: How Top Business and Trading Pros Relax and pick one relaxation technique (as recommended by trading and finance bigwigs) to work into your weekly routine.
2. Read more
No, we’re not asking you to read the local library’s entire stock by the end of January (nobody has time for that). But following on from our last point, reading trading books is a) a good way of making time for yourself and b) a good way of learning some tips and tricks that you can apply to your trading strategies.
From educational non-fiction titles to The Wolf of Wall Street, there’s a wealth of literature out there on trading, whether you want the technical nitty-gritty stuff or a bit of evening entertainment. So get yourself a pile of trading books (maybe you got a few as Christmas presents?) and this time, make sure you actually read them.
Get started now: We’ve rounded up all the essential trading reads in our LFX Book Club, and we’re constantly updating it with the latest releases so you won’t miss out.
3. Learn new skills
If you keep trading the way you’ve always traded, why would you expect your results to be any better? That’s where we come in. Our LEARN and TRADE sections of the website are packed full of analysis, courses, tutorials, indicators and more to help you take your trading to the next level.
So take a look at your trading plan, decide where you can make improvements and then find the resources to help you get better.
Get started now: Shameless plug alert – for a comprehensive overhaul of your trading strategies in the new year (whether you’re a trading newbie or a market veteran) sign up to our Forex Trading Course, which includes market-leading indicators and strategies worth over £2,500. Or learn from our industry experts and earn a spot on our trading desk with our Prop Trading Programme.
Tweet @LFXKatie and let us know what your New Year’s Resolutions are. And all the best for 2016 from all of us at Littlefish FX!