subject: Forex Trading Facts - Understand The Facts Enclosed Or You Will Lose Your Money [print this page] Here we will look at some Forex trading facts and if you understand them you can win. The fact is most traders fail to understand them or there significance and lose. Let's take a look at them in more detail.
The first fact to understand is 95% of trader lose, so if you think you don't have to do any work or can follow a get rich quick system and make money Forex trading is not for you. You need to do some work and get a good Forex trading education but if you do, you can get on the road to a great second income.
When learning to trade Forex simple systems work better than ones which are too complicated, because a simple system will be more robust with fewer elements to break.
You can learn one in a few weeks and it should be based on trading the big long term trends which yield the big profits and also, should trade the reality of price change and not predict! Forex markets cannot be predicted in advance, so make sure you wait for a trend change to be confirmed before trading - now for the hard part of Forex trading!
The hard part for most traders is accepting that you are going to lose for periods of time and look a fool. Most traders can't take this, they run losses, swap systems or trade to much to get revenge and they lose money. You have to be able to keep your emotions out of your trading or you will join the majority of losers. Just accept your losses and keep them small and wait, the big trends and profits to come and you will make money on your account - you need to have money left to trade them, so keep your losses under control!
Trading with discipline is a choice and if you make the right choice and have a simple logical system, you can win. Always remember - anyone can learn Forex and anyone can win so if you have a the desire to succeed and are prepared to get a solid Forex trading education, you are on your way to trading success.
