Forex Trading Secret - The Simple Fact Which Can Help You Understand The Secret Of Success!
Desember 12, 2018
Edit
The Simple Fact Which Can Help You Understand The Secret Of Success!
Online you will see lots of people selling secrets and the fact is if they had really found the secret of Forex trading success, they would be to busy making money to tell you about it! If you want to know the real secret of Forex success, we will explain it here and you will see how it can lead you to big Forex profits.
The fact we are going to look at is well known and its not the fact by itself which is so important, it's its significance. Lets look at the fact and why its so important in getting on the road to trading success.
The fact is 95% of all traders lose now, you probably knew that anyway but consider this - 100 years ago 95% of traders lost and today the ratio is the same. Now in this period we have seen technology advance and make our lives richer and more productive but in Forex trading, despite having PC'S that are more powerful, than the one that put man on the moon, software with awesome processing power and news and prices, delivered quicker than ever before, the number of traders who lose has stayed the same. So what can we learn from this?
Forex markets cannot be predicted and complicated strategies, are no more likely to succeed than a simple one in fact, simple systems will always work best, because they are more robust, with fewer parameters to break.
Now consider this anyone can learn a simple strategy that can make money but making it successful relies on "something else" and the real secret of success is having the correct mindset. Human nature has remained constant and that's why, the number of losers has remained the same over time.
The mindset you need to win in Forex is different to many other professions and if you want to win you have to stand alone and have confidence in what your doing and keep your emotions out of your trading.
Traders want to be right all the time and think they can beat the market, so they either constantly change systems, when the one they are using doesn't perform or run losses and this leads to disaster.
To trade successfully, you need to keep your losses small and run your profits. You must accept you are going to lose at times and not seek perfection and stay on course with discipline.
This Forex trading secret, is obvious when you think about it and the good news is - if you understand the above, you know you can win and you know what you need to do to win. The secret of Forex trading success is really that simple.