Forex Trading Success: Be a Winner!

By: Monica Hendrix

If you have don't understand the logic of the system you are trading you will lose, no matter how good it is.

Maybe you are buying low and selling high into support again, get ready to lose.

Are you a believer in scientific theories and ordered market movement? You have guessed my answer - get ready to lose.

The above are just 5 examples of traders thinking they have an edge when they don't.

Define Your Edge

To win you must have a specific defined edge (which normally you will have developed and practised) that will help you steer clear of the losing majority and give you the chance to join that elite 5%

Many traders trade forex and never consider what their edge is and are blinded by forex myths and the concept you can buy success - both these views are wrong and will soon see your equity lost to the market.

In forex trading as in everything else in life where the rewards are high involves having a method that gives you an edge and just as importantly the confidence and discipline to apply it.

95% Of Traders Lose - PERIOD

Forex trading requires an edge and a mindset to exploit the edge. Most traders come into forex trading believing that it's a way to build wealth but they never think of how few people actually win at it or, what it takes to join this winning minority.

Get an Edge and Win Big!

If you don't know what your edge is and you don't have rock solid confidence to exploit your edge failure awaits you. Do your homework and be confident about your edge - if you do, you can enjoy currency trading success.

Foreign Exchange
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