Currency Trading - to Win Get This Question Right or Lose

By: Samuel Leslie Berkovits

Want to know that you have got what it takes to win at currency trading? Well, answer the question enclosed correctly without hesitating and see...

Your question is:

What is your trading edge which will see you enjoy currency trading success when the vast majority 95% Lose. Define Your edge now ..

Now there are also wrong answers to the question and if you believe any of the statements below your going to lose, as there NOT A trading edge.

-??? I have an automated forex trading system with a simulated track record

-??? Day trading can make money

-??? Forex scalping can make money

-??? I like to follow the news and expert opinion markets move on news

-??? I am going to use a scientific trading system

-??? I don't worry about money management that's just placing a stop

-??? I don't know what I am doing I am trusting a guru

The above are just some common answers I hear and there all based on forex myths and don't constitute a trading edge.

Forex trading is simple to learn, anyone can do it - it's a learned skill but most traders lose despite this fact.

The reasons they lose are, they get the wrong forex trading education or forex advice, or they lack confidence and discipline.

Confidence and discipline you will have heard these phrases numerous times and how important they are, most traders however never acquire these traits and never win.

A trading edge can be anything you want. The top traders will all have an edge and the key point is they will know why it helps them win and they will have rock solid confidence and discipline to execute their trading plan.

Your challenge in forex trading once you get past the myths is to learn a set of rules and then apply them in a world of anarchy.

The market is all powerful and moves where and when it wants. When you try and make money from it only you can be wrong and it's always right. You need to build a set of rules and have confidence in them and apply them with discipline.

The above sounds simple but becomes hard when you are taking short term losses. If you have an edge your confident in though you can apply your forex trading strategy with discipline and emerge a winner.

If you want to enjoy currency trading success you need to have an edge and you need to apply it consistently to win - that's the challenge of forex trading.

So get the right forex education, get an edge your confident in and apply it for currency trading success.

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