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Bruce Lee is known as the greatest martial artists of all time but what many people don't know was he had a deep understanding of philosophy and his thoughts are not just applicable to martial arts, there also applicable to life and of course Forex trading. Below you will find some quotes from Bruce and my comments on them related to becoming a successful trader. If you understand them and learn them, they can help you lead a richer life and will also help you, enjoy long term currency trading success. Below find a video intro to Bruce Lee's thinking which is explored in greater detail in the article beneath it 

Top 6 Quotes of Bruce Lee for Forex Traders

Forex Trading Strategy – The Most Important Component You!

Knowledge in martial arts actually means self-knowledge. A martial artist has to take responsibility for himself and accept the consequences of his own doing”

Most traders don't want to take responsibility for their actions. The vast majority of traders want someone else to make them money or give them success and they spend countless millions per annum on – trading robots, Expert Advisors, trading signal services or trading gurus. All these trading services promise that for a small outlay, the buyer can make a huge income.

Of course what these traders are missing is – trading currencies is a personal experience and no one else can give you success. These traders are either naïve or lack confidence and fear thinking for themselves and failing but if you are not prepared to think for yourself and afraid of failing or looking stupid, you shouldn't trade Forex.

Forex Trading Strategies Should Be Very Simple

To me, the extraordinary aspect of martial arts lies in its simplicity. The easy way is also the right way, and martial arts is nothing at all special; the closer to the true way of martial arts, the less wastage of expression there is.”

While the vast majority of Forex traders lose money the fact remains that – the basics of currency trading are easy to learn and getting a method together which can make profits is something anyone can do regardless of age, sex or educational background. The easy way is the right way yet, traders try and make trading more complicated than it really is and believe the myth that complicated algo systems with complex mathematical equations will be better than a simple trading system but this is not so.

Traders like to believe there is a hidden code to the market which will give them success. They look for an equation to unlock its riches. The problem for these traders is – the markets are a human market and can never be modelled or predicted.

All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” and “Any technique, however worthy and desirable, becomes a disease when the mind is obsessed with it”

Humans are unpredictable and the truth of trading is outside of a fixed pattern but traders want to think in fixed patterns. This is because they don't want to think for themselves – the result? They soon lose their money.

The danger of training with the heavy bag is that it doesn't react to one’s attack and sometimes there is a tendency to thoughtlessness. One will punch the bag carelessly, and would be vulnerable in a real situation if this became a habit.

Most traders spend endless time back testing systems and running simulations to try and find order and a system that works but the market is static and not fighting back and its easy to make money. Its also easy to make money in a demo account when you are not risking real money on your trading signals but there is a big difference between practice and combat in martial arts and demo trading and real trading in currency markets.

Too much horsing around with unrealistic stances and classic forms and rituals is just too artificial and mechanical, and doesn't really prepare the student for actual combat. A guy could get clobbered while getting into this classical mess”

How often does the beginner in Forex trading spend countless hours practising clever and complex theories on a computer or in a demo account, only to lose his money quickly, when he comes to trade for real? It happens all the time and these traders are focusing to much on rigid form and not keeping it simple. What these traders need to learn is there is a huge difference between practice and real trading and when it comes to trading for real, simple flexible trading systems are best.

A martial artist who drills exclusively to a set pattern of combat is losing his freedom... There must be a 'being' instead of a 'doing' in training. One must be free. Instead of complexity of form, there should be simplicity of expression.

The above quote neatly sums up what we have just been discussing that – systems on there own no matter how well thought out or complex are not better than simple ones. In addition, its the trader who makes a any trading method or strategy work. The trader has to make the strategy make money it can't do it on its own and this is the key point many people who trade Forex miss and it costs them in terms of they lose their money fast.

If you spend too much time thinking about a thing, you'll never get it done”.

Traders who cannot act quickly lose. They miss trading signals which could make money, fail to take their profits at the right time and also fail to cut losses quickly. If you cannot act with confidence when trading the currency markets you will lose money – Period.

Thinking for Yourself – The ONLY Way to Win at Forex Trading

When the opponent expands, l contract. When he contracts, l expand. And when there is an opportunity... l do not hit...it hits all by itself (shows his fist).

When you are trading the markets, you are fighting a living and breathing opponent which can move when it wants and where ever it wants and you need to be alert and study its movement. If you do this, you can stay out of dangerous trading situations and enter trading signals, at the right time when the chances of winning are at their best. Trading should be effortless if you have the right education and mindset and you will know what to do, whatever the market does.

Don't Fear the Market – Respect it and Be Ready

Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way round or through it. If nothing within you stays rigid, outward things will disclose themselves.

The market as a whole is more powerful than any trader and if you try and resist its force you will lose with your trading strategy. How many traders forget to use stops and hope the market turns back in their favour or get angry and want to get revenge in it? Plenty and they all lose. A key yo success in Forex trading is – patience and its the same in martial arts you wait for the market to give you trade set ups which have high odds of success – you don't try and force them. A martial artist will stay out of the way of his opponent until he sees the opportunity to strike and then and only then will be act. He won't attack if there is no chance of landing an effective blow and its the same in Forex trading – you need to wait for the right opportunity to execute your trading signal in the market.

Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend.”

A really great quote which sums up what we have been talking about in this article, in terms of achieving success. To win trading currencies - you need to not only think for yourself but be fluid and flexible in your thinking to win. Forex markets don't respect a rigid and complex trading strategy but if you free your mind, keep it simple and see the truth of the market and act without hesitation, you can become a successful Forex trader from home.

Final Words

Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it. 

If you are a person who wants to win at trading then the above quote tells you how to be successful. You need to have belief, confidence in your ability and think for yourself. If you express yourself naturally based upon your education and intuition you will enjoy Forex trading success – it really is that simple.

 

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