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Anyone can learn to be a successful Forex trader, you don't need to work hard or even have a college degree but the fact is 95% of traders still fail to make money and only a small minority win. Forex trading success is all about getting the right education and mindset and if you understand the facts enclosed, you will be on the road to big Forex profits. The Forex trading facts are in no particular order of importance you must understand them all to win. Forex Trading Requires Effort. 1. Cheap Forex Robots ALL Lose Money There is a huge industry online where people tell you that you can make huge gains and not make any effort however, the cheap Forex robots and other sure fire trading systems which claim they make huge gains all lose money. Think about it, you are being offered a lifetime income with no effort, for a hundred dollars or so! It looks to good to be true and it is - if you want to make profits you need to learn the basics of successful trading but the good news is anyone can do this. 2. Forex Trading is Simple The reason anyone can learn to trade successfully, is because the best trading strategies are simple. Simple strategies work better than complex ones, due to the fact they are more robust with fewer elements to break. 3. Forex Money Management is the Foundation of Success The foundation Forex trading success is built on is strong money management. Most traders make the fatal errors of over leveraging their accounts or letting their losses run but do this and you will be wiped out. Most professional traders have far more losing trades than winning ones but they still make huge gains - because they keep their losses small and run their profits. So forget about being right all the time and focus on making money. 4. The Ability to Stand Away from the Crowd and Take Responsibility If you like to feel comfortable and trade with the majority - don't trade Forex. The trader who believes the news or feels happy when he is trading with the majority is going to lose - because the majority of traders lose money. Learn to think for yourself, don't be influenced by the majority and learn to stand aside from the crowd. 5. The Ability to Execute Your Plan With Discipline Discipline is the one trait most traders don't have but if you can't trade a strategy with discipline - you don't have a strategy! We have already mentioned traders failing to take losses which shows a lack of discipline and traders always want to deviate from their plan! When they lose, they trade more than they should and also snatch profits to soon and they end up losing. To win you must trade with confidence and discipline and keep your emotions out of your trading. Why You can Enjoy Currency Trading Success The reason you can is simple - everything about successful currency trading can be learned by anyone willing to put in time and effort and for the effort you have to put in, the rewards are enormous. You will also see from the above points that you must have a disciplined mindset to win but this is a choice and if you make the right choice, Forex trading success and a great second income can be yours. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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