8 Best Forex Trading Quotes of All Time

Forex Trading Quotes can contribute to a trader's success. It's a psychological matter, and those who trade know how much psychology influences investment activities. Specifically, "trading quotes" instill courage in moments of discouragement, motivate, and lift spirits after a loss. Obviously, this is especially true for those quotes that are somehow consistent with the trader's experience. Otherwise, they risk having no effect and, indeed, appear empty or an expression of a cliché. We have selected the 8 best Forex Trading quotes, namely those that can be useful to everyone, as they refer to experiences that all traders eventually go through. 1. "All traders have strengths and weaknesses. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach." Michael Marcus, a trader featured in the Market Wizard series, capable of turning 700 dollars into 80 million. This quote emphasizes the importance of having your own trading style and highlights the specificity of each trader. 2. "Trading allows you freedom. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody." Alexander Elder, adventurer trader, former doctor and former psychiatrist. His quote is meant to be an invitation to consider, even in the darkest periods, what trading gives: freedom. 3. "Many people are so busy trying to make their money work for them that they do not really have time to examine how it works. Working too hard does not necessarily equate with working well. In fact, it often is the contrary." Martin Schwartz, known for being elected the best trader in the United States in 1984. The quote aims to debunk the myth that "quantity means quality". 4. "Believe in analysis, not forecasting." Nicolas Darvas, creator of a $2 million gain in the stock market. He is the author of the "box theory". The quote is an invitation to consider technical analysis as a resource for understanding the present, rather than a divination tool. 5. "The winning trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus learns from his mistakes. These traders tend to have a working business plan for trading and treat trading as a business." Van K. Tharp, an expert in trader psychology. With this quote, he emphasizes the importance of taking Forex trading seriously and invites investors to take responsibility for their actions. 6. "The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." Paul Tudor Jones, a trader known for predicting the market crash of 1987 (Black Monday). With these words, he highlights the importance of information. 7. "Markets can remain irrational longer than you can remain solvent." John Maynard Keynes, an economist who marked the 20th century, still highly appreciated today, who became rich thanks to trading. With these words, he invites traders to leave the market when it becomes too unpredictable. 8. "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." Warren Buffett, famous for having written "The Oracle of Omaha". These words mean that trading is an activity for everyone and not just for a chosen few; commitment and perseverance are enough. This is a very important quote because it encourages traders with low self-esteem who feel inadequate.