So you want to become a currency trader, well be aware that 95% of
traders lose that's not because they can't win, it's because they
make avoidable errors, Here we will show you the errors to avoid and
how to enjoy long term currency trading success...
The first error traders make is to think they can follow an
automated Forex trading system and get rich with no effort by
spending a couple of hundred dollars.
There are lots of Forex Expert Advisors or Robots claiming they can
make you huge gains with no effort and they all lose money quickly.
If you want to win you need to learn how to trade and get a solid
Forex education, anyone can do this and you can to - so lets look at
the basics for success.
Simple Systems are better than Complex ones!
Simple systems work best and you can put one together quickly, so
make sure your system is simple and robust Getting a system together
that's logical and can make money is the easy part of Forex trading,
the harder part is applying your method.
The reason this is so hard is because you have to deal with losing
periods, all traders have them, and how you deal with them will
determine how successful you are.
The key to success is to keep your losses small and run your
profits. This may sound obvious but most traders can't do it because
they lack discipline.
Discipline and Forex Success
When most traders start to lose, they take losses personally and
their emotions get involved - they get frustrated and angry and want
revenge on the markets so they run their losses and end up losing.
If you have a system, you must apply it with rigid discipline or you
don't have a system at all!
Discipline comes from knowing what you're doing and the acceptance
of the fact that to win, you need to take your losses quickly and
with no emotion. You can win more trades than you lose but if you
run your profits and keep your losses small, you can make huge gains
If you are prepared to work and get a good education and combine
this with a disciplined mindset you can make a lot of money and
enjoy trading success.