Forex Trading Success - Most Traders Lose What Makes You Think You Can Win?

Forex Trading Success - Most Traders Lose What Makes You Think You Can Win?

by kelly Price

If you want to win at currency trading, ask yourself the question - why should you be one of the elite 5% that win? If you think forex trading is a walk in the park - think again. You can enjoy forex trading success but you must be aware of the following...

Forex trading can be achieved but you need unique skills and these include.

- An ability to avoid the scams and not think anyone can lead you to success

- To take responsibility for your actions - you are responsible no one else

- You just isolate yourself from the losing herd

- You must have total confidence in what your doing

- You must be able to take loss after loss and keep them small until the winners arrive

- You must have discipline to stay on course through the bad times

- You must have a trading edge that you know and have confidence in to give you success

- You must understand the work ethic doesn't apply, you don't get rewarded for hard work

- You must understand that you need a trading edge

- Also understand being clever has nothing to do with trading success

As you can see it's a lonely life being a successful forex trader but it's a lucrative one.

The key is to stand alone and work out your own forex trading strategy you understand and can execute with iron discipline for trading success. You don't have to work hard; you can learn a strategy in a few weeks and execute it in 30 minutes or less per day.

Being disciplined is far more of an advantage than being clever.

Clever people think they deserve success and hate being wrong, but taking losses is essential if you want to win - you must keep your losses small and wait to run the big profits.

Above all you must have a trading edge that you know will give you success and its exclusive to you.

After reading the above you will understand perhaps why the bulk of traders fail - they want a mentor or guru or use a worthless forex robot with a simulated track record and think it will bring them success - it won't. You're on your own but that's fine and you can handle that, if you make a lot of money!

So do you have a burning desire to succeed, do you want to work hard and have the confidence to stand on your own? Congratulations!

If you do, you're on your way to a great second or even life changing income and have the mindset required to enter the elite 5% of winners that win at forex trading.