Guide To Forex Trading

By: Monica Hendrix

So you want to win at forex trading? Well here is one simple question you must answer correctly with no hesitation - if you can you could be a winner if not forget forex trading. Here is your question:

My trading edge (the reason I will win when 95% of traders lose) is then define it:

Now a trading edge is essential and it's something you MUST have, understand what and why it gives you an edge, so you have confidence in it, to lead you to success.

Trading edges come from within and their personal and their based upon this:

Understanding = Confidence = Discipline = Forex success

A TRADING EDGE IS NOT

-Following expert news stories
-Day trading or scalping
-Following a system from a vendor blindly
-Buying low and selling high
-Predicting price moves in advance
-Believing markets move to a scientific theory
-Believing forex trading is easy
-The more knowledge you have the better
-The more complicated your forex trading system the better

If you think any of the above will lead you to currency trading success - your wrong and need to continue your fore education. The above are common myths there are many more but the above are believed by the bulk of losers and their the majority 95%

Consider the figure 95% it's a lot!

So how do you win?

There are no secrets to forex trading and anyone can learn currency exchange for profit but it involves seeing through the myths and working smart and seeing the reality.

The reality is that you need a simple method you understand can have confidence in and can apply with discipline.

Forex trading is actually quite simple when you understand what you need to do but most traders fail to get past first base of getting a logical method and more fail at the nest hurdles which is having confidence and few ever have the discipline to follow their forex trading strategy to success.

If you want to win at forex trading keep in mind it's based upon applying a method with discipline for that you need confidence and if you don't have these traits you won't have discipline and end up falling prey to your emotions and losing

The Good News Is:

For those traders prepared to work smart and do their homework a life changing income can be had and anyone can do it - but its up to you.

If you understand the above you will realize that forex trading requires certain skills and you need to learn and apply them and they are not what most forex traders think they are.

Learn the above, digest it get a trading edge and then you can enjoy currency trading success.



Foreign Exchange
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Foreign Exchange
 



Share this article :
Click to see more related articles