Forex Trading Secrets - The Secret of Trading Success and Making Huge Gains
How many people do you see offering you the secret of Forex trading success for a hundred dollars or so? A huge amount but if they really did have the secret of Forex trading success, they wouldn't be telling you about it - they would be getting rich on their own. If you want the secret of success in Forex trading, you can have it for free here it is...
To find the secret all we need to is study a well known Forex fact which is 95% of all traders lose money, I am sure you know that but also consider, this statistic hasn't changed since Forex speculation began. Now think a bit more and this would seem odd after all, even in the last 25 years, your computer is more powerful than Mission Control Houston which landed man on the moon, today's software has awesome power, you can get prices at the click of a mouse and we have more and better news than ever yet, 95% of ALL traders still lose money and none of these advances in technology, have helped increased the win rate.
The reason 95% of traders lose is simple, human nature is constant so the ratio of winners to losers has remained the same.
Now, despite what people may tell you, Forex trading is an odds game and there is no way to predict the future. You are trading the odds and in an odds market, you will have losing runs and this fact, sees most traders defeated by their emotions but if you understand the rest of this article, you will see why you can win.
In an odds based market, simple systems actually work better than complicated ones as they are far more robust and have fewer elements to break so all you need is a simple system - now you have to get the right mindset to win and the good news is this is a choice you can make.
Most traders as soon as they lose, let losses run and think they will turn around and this leads to disaster. They take losses personally and either, won't admit their wrong or seek revenge on the markets and trade to much or swap trading systems.
If you want to win accept losses, take them quickly and preserve equity and wait to hit the big trends when they come again which they always do. Of course, you won't be perfect and you will look stupid at times when the market wrong foots you but hold your discipline and you can win long term.
So if you are looking for Forex trading secrets, you now know the secret of Forex trading success and all you have to do is look in the mirror - Forex trading success comes from within you, it really is that simple.
To find the secret all we need to is study a well known Forex fact which is 95% of all traders lose money, I am sure you know that but also consider, this statistic hasn't changed since Forex speculation began. Now think a bit more and this would seem odd after all, even in the last 25 years, your computer is more powerful than Mission Control Houston which landed man on the moon, today's software has awesome power, you can get prices at the click of a mouse and we have more and better news than ever yet, 95% of ALL traders still lose money and none of these advances in technology, have helped increased the win rate.
The reason 95% of traders lose is simple, human nature is constant so the ratio of winners to losers has remained the same.
Now, despite what people may tell you, Forex trading is an odds game and there is no way to predict the future. You are trading the odds and in an odds market, you will have losing runs and this fact, sees most traders defeated by their emotions but if you understand the rest of this article, you will see why you can win.
In an odds based market, simple systems actually work better than complicated ones as they are far more robust and have fewer elements to break so all you need is a simple system - now you have to get the right mindset to win and the good news is this is a choice you can make.
Most traders as soon as they lose, let losses run and think they will turn around and this leads to disaster. They take losses personally and either, won't admit their wrong or seek revenge on the markets and trade to much or swap trading systems.
If you want to win accept losses, take them quickly and preserve equity and wait to hit the big trends when they come again which they always do. Of course, you won't be perfect and you will look stupid at times when the market wrong foots you but hold your discipline and you can win long term.
So if you are looking for Forex trading secrets, you now know the secret of Forex trading success and all you have to do is look in the mirror - Forex trading success comes from within you, it really is that simple.
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