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.