Important Facts You Need to Know to Make Big Forex Profits

Learn to Trade Forex - Important Facts You Need to Know to Make Big Forex Profits

If you want to learn to trade Forex you need to be aware of the facts in this article because if you don’t understand them and there significance you will lose money. Let’s take a look at them.

The first fact is that 95% of traders lose money and that’s a huge percentage! In most cases, they don’t lose because they can’t make money they lose because they make no effort at all and follow others, get the wrong education and also can never get the right mindset for Forex trading success. All these problems can be overcome with the right Forex education.

In Forex it’s a fact that most new traders simply make no effort and expect to win and they buy junk Forex robots or Expert Advisors and other sure fire systems and lose. Let’s be clear if these systems made money 95% of traders wouldn’t lose.

The second fact you need to be aware of is the best Forex trading strategies are simple. Anyone can learn to trade in just a few weeks and have a strategy that can make money; you don’t need a college education to learn Forex trading, anyone can do it.

If you want to win at Forex trading though understand this key fact:

To Win at Forex trading you need to execute your strategy with discipline at all times.

You might be thinking that’s easy, you just follow the trading signals and yes it is – when you’re winning; when you’re losing, your emotions can come into play and that leads to disaster. Why?

Most traders simply cannot accept losing and in Forex trading the key to winning long term is – keeping your losses small, until you hit profits again. Most traders can’t do this, they simply get angry and frustrated and run their losses or quit.

Forex trading success is not about being clever or winning all the time ( that’s not possible despite what some so called gurus will tell you) its about keeping your losses small and running your winning trades to make great long term profits.

In Forex trading you need a sound Forex trading strategy but that’s not enough to win, you need the discipline to apply it and not deviate from your trading signals.

If you understand the link between method and mindset and learn Forex trading the right way, you are well on your way to enjoying long term currency trading success.

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By Samuel Leslie Berkovits

Article Source: http://EzineArticles.com/expert/Samuel_Leslie_Berkovits/205234
http://EzineArticles.com/?Learn-to-Trade-Forex—Important-Facts-You-Need-to-Know-to-Make-Big-Forex-Profits&id=2365525

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