If you think you are going to win at Forex by following a guru, or a Forex robot with a simulated back tested track record and no effort, think again. If you want to win at Forex trading, it takes effort – but for the effort involved the rewards are limitless…
Forex trading looks easy but 95% of traders lose – this isn’t because they can’t learn to win – they can but they fail to appreciate the unique skills needed to win. The so called Forex experts,. with their junk robots with simulated track records, are never going to work in real life – financial freedom for $100, dream on!
The reality is – you can win at forex trading if you understand the following:
Obviously, you need to avoid the myths and get the right Forex education and this means putting together a simple, robust trading method. Fact is, it’s easy to learn a Forex trading method, anyone can do it – but this is really only part of the equation for success, the real key to success is having the right mindset.
You Have to Learn to Lose to Win
Most traders simply cannot apply their method through losing periods and lack discipline. Don’t let anyone tell you that you wont lose for long periods, you will and losing periods can last for many weeks. You have to stay on course, keep your losses small and keep putting your trading signals in, when the market is taking your money and making you look a fool.
This is the really hard part in Forex trading executing your method and remember if you can’t execute your method with discipline – you don’t have one. Forex trading is not about just method, its about having the right mindset to apply the method and trading discipline is built on confidence in what you are doing and the discipline to apply your knowledge.
In Forex trading success comes from within and always remember:
It’s not the market that beats the trader; it’s actually the trader who beats himself.
The good news is anyone can learn to trade and anyone can get the right mindset too succeed. If you do achieve this combination, you can earn yourself a great second, or even life changing income, in around 30 minutes day.
Remember treat the market with respect, get the right education and mindset and your on your way to success.