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If you don't want to become one of the 95% of losers in Forex trading, understand the 4 key points enclosed. Not only will they help you avoid the losing majority, they will put you on the road to Forex trading success... 1. Accept Responsibility To win you need to get the right education and accept you are responsible for your destiny. If you want to follow a get rich quick Forex robot or sure fire trading system and think it will help you win your wrong. If you don't want to make an effort don't trade Forex. You need to get the right Forex education and learn skills which you can then apply with discipline and the good news is you will be well rewarded for your efforts. 2. Avoid the Myths It's surprising, how many traders fall for myths, that are obviously wrong and here are the most common ones. - Forex day trading and scalping works - Prices move to mathematical formula that can be predicted - Hard work guarantees success - Intelligence guarantees success - You can make money with no effort with a back tested Forex robot - Buy low sell high is a way to make money - Complicated clever systems beat simple ones All the above myths will see you lose money and you need to avoid them. A lot of them are put about by vendors, selling get rich quick systems, where you supposedly have to make no effort. 3. Keep it Simple In Forex trading your trading an odds market not one that moves to mathematics. In this environment a simple, odds based system, will beat a complex one, as it's more robust, with fewer elements to break. If you think about it in the last 30 years we have seen massive advances in computers, processing power and information but 95% of traders still lose so complexity hasn't helped! Success relies on a simple robust trading system, combined with the next key trait. 4. Discipline and a Trading Edge Discipline is the key to success, because you are going to have to keep trading your signals, in line with your system through periods of losses. Don't believe what you read that you won't have a lot of losses or they don't last long. You will lose and will lose for weeks on end, at some point. This doesn't mean you can't make huge profits long term, you can but you must ride these losing periods out with discipline. Discipline is based on confidence, knowing what your doing and what your trading edge is which will enable you to win, while 95% of traders lose. Anyone Can Win You don't need to work hard or be clever; you just need a simple system based on sound market logic and the discipline to apply it. If you want to win, this article hopefully has pointed you in the right direction. For the effort you have to put into Forex trading the rewards are enormous and can lead you to a great second or even life changing income. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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