Tag Archives: Learn

Forex Trading Advice – Learn the 80 -20% Rule to Make Bigger Profits

This Forex trading advice can help you achieve an instant increase in profit per trade and also reduce risk. Its so simple yet, most traders don’t take it and lose…

The 80 – 20 Rule is a simple rule, which applies in many areas of life. In business it is frequently used to increase profits and states, that 80% of a company’s sales and profits, are likely to come from just 20% of its clients.

In terms of Forex trading it means:

80% of your profits are likely to come form just 20% of your trading signals.

If traders cut back there trading frequency and just focused on high odds trades, overall profitability will increase and risk will decease. Many traders however equate trading frequency with profits and this is a huge mistake.

A simple example of the above is the forex scalper or day trader, who trades a lot of times and losses, because he is trading random volatility and that’s a sure fire way to lose. Another group think they always need to trade a lot or be in the market all the time and they meet the same fate as the day trader.

You don’t get rewarded for effort or trading frequently, you get rewarded for your overall profits and that means cutting back your trading frequency.

I know traders who trade less than once a month and make triple digit profits. These traders don’t make a huge effort or work hard but they do make a lot of money. They have patience and simply wait for the high odds trades, hit them and hold them and watch there profits grow.

If you look at any Forex chart, you will see trends that last a long time – sometimes many months or years and by focusing on these trades, you can trade less and make bigger profits.

The 80 – 20 Rule works in many areas of life and works in Forex.

If you understand it and apply it, you can make bigger profits and spend less time on your Forex trading strategy.

Learn Forex Trading: Where to Start

The foreign exchange market is a dog eat dog world and if an investor ventures in without the essential arsenal of knowledge and tools, it can lead to financially devastating results. The most vital issue for any investor wanting to learn Forex trading is that there is no get rich quick associated with it. There are many frauds out there that claim to have the ultimate Forex system that will make you rich overnight. If that were true, there wouldn’t be Forex brokers who have been in the business for thirty years. These brokers would be rich, retired and living in a hot tropical island someplace having margaritas delivered to them by pretty girls in grass skirts.


With that said, it should now be obvious that there are no shortcuts with being able to learn Forex trading. The investment of time is required before any actual money can be invested by learning the various tools, programs and platforms that are utilized on the Forex market. Having the confidence of knowing that you were able to learn Foreign Exchange trading though experience with demo accounts can create an atmosphere to generate unlimited return potential.


In order to learn Forex trading a prospective investor should solicit the expertise of a Forex broker or brokerage firm. They will greatly assist any investor in learning the Forex principles and the reasons that drive this volatile market. Before one can really succeed with the Forex market, these skill sets needs to be acquired and well comprehended. The Forex broker will set any investor up with a demo account in order to learn Forex trading like it is actually being executed. This is often the best type of learning mechanism because it gives the user hands on experience without suffering any financial loss. This stage of trying to learn Foreign Exchange trading is often referred to as paper trading as no actual money is being gained or lost.


Starting with the time and effort required to learn Forex trading will pay off handsomely once the investor goes ‘live’ on the Forex market. At the time the investor goes live and begins putting his or her own capital on the line, they will have been showing a steady track records of gains and be familiar from the demo or paper trading period. Learn Forex trading by starting with the time; learn everything that pertains to this quickly changing market so that success is just a trade away. There is the potential to earn unlimited income once a significant margin account is built up but as with anything, skipping the training step will put you in a snake pit unprotected. Learn Forex trading and minimize the financial risk associated with the biggest financial market in the world.

Learn Forex Trading Quickly – With This Education and Become a Winning Forex Trader in Just 14 Days!

Here we will show you how to become a Forex trader in just two weeks and get the right Forex education to build a Forex Trading strategy for success. Anyone can do it so let’s look at how to learn Forex fast and make money…

I am going to base the Forex education here on a well known experiment which was conducted by trading legend Richard Dennis who set himself a task:

Teach a group of people who knew nothing about trading to trade in just a couple of weeks.

He did it and the rest is part of trading history, as his group went on to become some of the most famous traders of recent times and make hundreds of millions in profit.

The first point that struck me about the experiment was how simple the trading system was – just a trend following breakout system which looked for long term trends. Its a fact that simple systems work best and anyone could learn this one but Dennis knew the real problem that traders have:

They have no difficulty in learning a method but they have huge problems when they come to apply it.

He therefore didn’t tell them to follow the system without knowing how it worked and take his word for its success, instead he made them learn the system and apply it themselves.

This meant they would have confidence in it and be able to apply it with discipline.

Where most traders fail, is not because they can’t learn to trade Forex Successfully – but because they make key mistakes which are:

1. They think they can follow a guru or forex robot to success which only has a simulated track record! There lazy, naïve or both, as to win its obvious you need a proven system and you also need to learn the basics to have confidence in it.

2. They don’t think they will face a losing period – but of course all traders do and they don’t have the discipline to keep going until they hit a home run.

3. They think being clever or working hard, means they have a right to win and of course, neither guarantees success, only being right with your trading signal does.

Successful Forex trading is all about working on the right Forex education and not working hard!

In essence, it’s about learning a simple trading system, you can understand and have confidence in to trade through good times and bad.

The most important part of trading is being able to hold your discipline as the markets hands you losses and hurts your ego and tries to get your emotions involved. Most traders never learn to lose and keep their losses small and their discipline breaks down.

Dennis proved anyone could learn and his logic was based upon a simple system a trader could understand and apply with discipline. In interviews with the group, most made the comment that – it was not learning the system which was the hard part but taking and keeping losses small and maintaining discipline which was.

If you want to win at Forex, understand – that it’s as much about your attitude and state of mind, as it is about method.

Getting the right mindset is not easy – but if you can do it and then, your well on the way to currency trading success and a great second, or even life changing income and more rewards for your effort than you ever thought possible.

Learn Forex Trading – How to Trade Like a Pro Quickly in Simple Steps

Anyone can learn Forex trading but the fact is most traders lose money. If you want to win at Forex trading, this article will give you a simple blueprint for success…

First don’t make the mistake of thinking Forex trading is a walk in the park – 95% of traders lose! Most novices follow Forex robots and sure fire systems but if winning were as easy as that, a lot more people would win.

Before you start to trade accept, your success is up to you and you need to learn skills these should only take you a week or two at most. You only need a simple Forex trading system as simple systems work best and always will.

Leaning to trade Forex is not hard, learning to adopt the mindset for success is.

Most traders simply cannot cope with the unique challenge that Forex trading presents in terms of – executing their system. You have to execute your system with discipline and keep going through periods of losses. Don’t let anyone tell you that you won’t have a string of losses you will but you can win.

Most traders cannot accept that you have to lose to win and keep your losses small.

The market price is always the right price and it’s hard to take sometimes when the market makes you look a fool – but hang in there keep your losses small and you can win long term, as if you trade the odds your profitable trades will come.

If you want to enjoy currency trading success simply keep in mind the following:

You need to have a logical, simple system you have confidence in and this will give you the discipline, to trade your system as it should be traded and achieve long term success.

So if you want to win at Forex – keep it simple and always remember a system needs to be applied with discipline and if you remember this, Forex trading success can be yours.

Learn Forex Trading The Easy, Fun and Fast Way

ou don’t have to have a dual Ph.D. or be a rocket scientist to learn to trade Forex successfully.  A few neccessary ingredients are a strong desire to succeed and having dicipline.

You see, Forex trading for profit doesn’t have to be complicated, but there are many reasons new trader suppose that it is. A reason why new forex traders believe so, is because of the hoopla surrounding Forex products..  We’ve all seen the ads for the Forex trading systems that took many years to make and cost several millions and only by the top scientists.  Don’t believe the hype. 
If you are dedicated in learning trading forex there is one key point to keep in mind.  Don’t be greedy and do not view Forex trading as a get-rich-quick scheme.  If you can keep patient and not rush head first into things then you will be miles ahead of numerous Forex traders.

There is a lot of information available to help you get started.  Here is a list of some resources you can use to learn about trading forex:

Forex brokers — Some Forex brokers offer free educational material to their customers. A few have advanced courses as well.
Forex trading books — When you have a day off take a trip to your local bookstore and look around at some of the Forex books that are available.  You may also want to check out the link in the bottom for a website that offer free Forex ebooks.
Forex forums — Forex forums can be a very good place to get education on trading Forex. The good thing here is that there are many experienced traders ready to help.

Profitable traders in the know — If you should know someone who is succesfull at trading Forex, then that would be perfect.
Forex demo account — A free demo account can be a fun learning experience.Demo accounts are available free from most every Forex broker.