subject: Forex Trading Made Simple - A Simple 4 Step Guide To Forex Success [print this page] Forex trading is not easy and this should be obvious to anyone, when 95% of all traders lose money and you wouldn't expect it to be a walk in the park with the amount of profits which can be made.
The first basic you need to understand is to avoid all the cheap robots and sure fire systems which tell you that you can make huge gains with low draw down and no effort - you can't!
Why Simple Systems Beat Complex Ones
While you need to make some effort the really good news is that successful Forex trading is a totally learned skill and anyone has the potential to be a winner. All you need is a simple system and you can win and you can learn one in a few weeks. Simple systems actually work better than complex ones, as they have fewer elements to break and are more robust in the face of brutal market conditions.
Now anyone can learn a simple system but the reason the number of losers is 95% and has been since trading started is because human nature has remained constant. Think about it - in the last 50 years we have seen huge changes in technology and forecasting but the number of winners has not increased!
Adopt the RIGHT Mindset and Win
This proves success is based on something else and that something else is - adopting the right mindset for success. Think it's easy? It can be done but you must be prepared to take losses and take them quickly, most traders hate being wrong and fail to do this but if you do, you will preserve your equity and be ready to hit the big trends and profits when they come around again which they always do. If you want to be right all the time and feel clever, do your self a favour and don't even think about trading Forex because the market won't allow you to do this.
Success in FX Trading can be Yours
The Forex market is designed for traders who can apply their system with rigid discipline and the good news is getting the right mindset is a choice and if you make the correct choice - Forex trading success can be yours.
So if you want to get started in Forex trading and enjoy success, your only barrier to success is your mindset - it really is that simple.
