Forex Trading Success: Winners VS Losers

By: Kelly Price

There is one single trait that separates winners fro losers and we are going to discuss it in this article - it's not easy to achieve but if you do then you are on the road to forex trading success.

The trait is discipline. Most traders have heard the word and fail to realize its significance so here are some facts

Fact: You can't simply Follow Others!

Most forex traders simply buy a course forex robot or trading signals from a vendor and think they will lead them to success. Leave aside that most of the systems are junk and come with a worthless, simulated track record in hindsight and focus on the fact that: If you don't have confidence in what your doing, you can never trade with discipline and stick with your trading system, through a period of losses (all trading systems have them and they last for weeks and sometimes months) and you have to have the discipline to stock with a system.

Traders manage to lose with even good systems because they throw in the towel early, while if they had waited they would have been rewarded with profits.

You have to lose to win and stay on course and that's the reality of forex trading

Fact: You are Responsible

Most people simply cannot accept responsibility. You are in charge of your destiny and you cannot rely on others - you must isolate yourself from the consensus and this is hard, as it's lonely when you are trading against the major view and as pack animals we like to be with the majority - but it's essential to be isolated, because the majority don't win!

Fact: You have to Look Stupid to Win

When you trade you are trading in an environment which is anarchy and the market price moves wherever it wants, whenever it wants and it can only be right and you can only be wrong.

The market is going to make you look stupid and most people can't take that - they want to be right all the time. Fact is though even, though the market will make you look stupid you can make money from it if you can devise and live by a set of rules.

Achieving Forex Trading Success

To win with your forex trading strategy, you need to have a simple, logical trading strategy, you have confidence in.

If you don't have confidence, you won't have discipline and if you cannot execute your trading signals with discipline, you don't have a trading system at all.

Forex trading looks easy but its not, as discipline is not so easy, for even the most experienced traders at times but if you learn to be disciplined and get the right forex education, accept you will look stupid and take losses, then you can enjoy currency trading success.

There are huge rewards for the disciplined trader, so learn the right way and win

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