Sometimes I have members to my service, who can't seem to make any money. I am always surprised at this. But I do understand how it happens. A typical situation is they will have a few losses, and become afraid to trade. Then they will watch me have a few wins and jump back into trading again. Then I may have a loss, and that usually destroys what confidence they had left.

Can you see how the only difference between the winning trader, and the losing trader, is they think differently? One trader learned to not allow the stress of the forex market to control them, the other has not.

If you cannot gain control of your emotional state, your emotional state will control you. Do not underestimate how important this really is.

Too many traders become obsessed with indicators. Without realizing what an indicator really is. An indicator is just a way of smoothing price action. Because it has to use historical data, it will always report a lagging view of the market. You should see indicators as an aid to help you, not as the complete guiding factor. Remember the market moves through the sum total of all the actions (trades) of the market.

When I look at the forex market I always try to get a feeling of overall sentiment. One classic example of this is when we know a big news item is coming. The market will go into a range. This is a direct representation of everyone thinking; "I'm not trading until this news is out of the way". Another example is why pivots work. Everyone who is in a trade is looking to get out, and many are looking to get in at the same point. So the market reflects this by either bouncing or pushing through.

"Realize that the market moves because of the actions of the traders in it, and price action is the representation of that movement."

The last thing you need is a good system. But it must be your system. I personally like to use EMA's and support and resistance only, somebody else may like RSI and Bollinger bands, others may use chart patterns.

It is very important to look at the market overall. You should be aware of upcoming news and recently released news. You should be aware of key levels of support, and resistance. You should also take account of different timeframes, and support levels on those too. When you learn Forex trading, you need to learn how to read the whole picture.

You don't have to be an expert on everything, but you do need to know what may spoil your trade. Most of my losing trades are due to something I missed, not the market.

"Always start your trading session by standing back from everything, and gaining an overall view of the recent market events, and upcoming events"

Conclusion: If you feel like I have not told you anything new and are still wondering where the holy grail secret is, I suggest that you trade very small until what I have written fully make sense to you. I have told you the secret of successful trading. It's not exciting but when you master it, it can make you a lot of money.