Most traders lose at Forex trading and a whopping 95% enjoy a total equity wipe out if you want to win then you need to make sure you don’t make the same mistakes…

The first error most traders make is believing is believing the so called Forex Expert.

These Forex experts tell you that you are going to make money with no effort following their Forex trading signals or Robots. Of course anyone who does use these so called expert systems gets a swift wipe out of account equity.

The problem is – anyone can call themselves a Forex expert and they do however most have never made any real money, they normally have no more than a track record on paper which has been done in hindsight – that’s easy! Trading not knowing the prices is real world and that’s a lot harder. All these simulated systems get turned to dust in the real world.

It’s pretty obvious that if there are big gains to be made, you need to know the basics and make an effort to win; this is true in all areas of life and Forex trading , you get nothing for no effort.

The next error is one where traders underestimate the importance of mindset in terms of making Forex profits. Lets look at this it in more detail.

Fact:

Anyone can learn forex trading if they have the right education.

Getting a simple robust strategy together that can make profits is easy – the hard part is applying it with the right mindset.

Most traders simply cannot trade with discipline and keep losses small, while they wait for profits to come to cover these inevitable losses. It’s not easy to take losses, as the market wrong foots you and takes your money – it’s hard. We all have egos, we all have emotions and trading with discipline is very hard. Of course it can be done but it requires you have the following:

1.    Rock solid confidence in your system to perform long term and this comes from education.
2.    The view that you have to lose to win and you can take these losses cheerfully and see them as part of winning.

Forex Trading Is Hard but the Good News is:

Forex trading is NOT the walk in the park many vendors would have you believe and with the rewards on offer you wouldn’t expect it to be however, get the right forex education, the right mindset and take charge of your financial destiny and you could soon be making huge profits in just 30 minutes a day.