Forex Trading - 95% of Traders Lose to Enter the Elite 5% - You Must Understand the Enclosed
Today, you would think from all the information you see online that forex trading is easy but of course its not and you wouldn't expect it to be, with the rewards on offer. 95% of traders lose, so what do you need to do to get in the elite 5% of winners?
First forget all the sure fire systems and forex robots sold they normally are not sold by traders but by marketing companies. They normally come with simulated track records that are made up knowing the past data! So don't fall for them.
If you want to succeed in forex trading you need the following:
A simple forex method You Understand and the mindset to apply it with discipline.
The unique challenge of forex trading is not learning a trading method - but getting your mindset right, to apply it with discipline - this causes traders huge problems.
Because you are going to have to trade through losing periods, sure you can win long term but you must keep going in a losing period until you hit a home run and this is NOT easy. Your emotions will be telling you to quit and deviate but if you do that, you don't have a system.
To get discipline, you need confidence and this only comes from knowledge and understanding. That's why you have to learn from the ground up and rely on yourself.
The good news for the budding forex trader is:
- Anyone can learn it and you don't need a college education
- Simple systems are best as they robust with fewer elements to break
- You don't need to work hard, just smart and getting a robust forex trading strategy together should only take a couple of weeks
- You can trade for huge gains in just 30 minutes a day
No other venture rewards you so highly for your effort and you can create a great second income or even life changing one - but you need to do the basics and accept responsibility.
If you have a burning desire to succeed, your half way there to success.
All you need is the right education and the confidence in it to trade it with discipline and you're all set to enter the exciting and lucrative world of global forex trading.