If you want to become a forex trader from home and earn a lucrative income you can. Here we will outline how to do this in simple steps you can follow and enjoy currency trading success.
Let's start with a sobering fact - 95% of traders lose.
They don't lose because they can't learn currency trading anyone can, it's a learned skill.
They lose because they either get the wrong forex education, or have the wrong mindset and forex is a unique combination of method and mindset.
Let's stress another obvious fact which most traders fail to register and lose.
You cannot get rich by following someone else!
Don't believe all the gurus, mentors and vendors trying to sell you systems which will make you rich, like the ridiculous forex robots you see all claiming profits and all they have is a back tested track record in hindsight.
If forex trading was as easy as the above, everyone would be making money and that's clearly not the case.
There are only around 5% of traders who make big money and there not in most instances, the cleverest or the hardest working - but they know what it takes to succeed and you must too.
So what does it take to succeed?
In the first instance you need a robust, simple, forex trading strategy and the simpler the better.
Don't be fooled by thinking complicated methods are best - there not.
Make a system to complicated and it will have too many elements to break.
You should base your system on forex charts and simply follow high odds patterns - this is easy to learn and you can do it in a few weeks.
Next you must make sure that you understand and have confidence in your forex trading system (this is why you cant follow other peoples) because, if you don't, you will never have the discipline to follow your method.
If you can't follow your system with discipline, you don't actually have a method!
One of the biggest myths about currency trading is you can trade for regular income or trade with no drawdown. This is mostly promoted by vendors telling you it's easy to trade so you buy their products but has no basis in reality.
Any forex trading system (even the best ones) will spend week or months when they lose and you have to have the discipline to stay on course until you hit a home run. This is not easy - but in forex trading you have to lose to win.
Discipline is a major problem for most traders and if you can achieve it, you are on the road to currency trading success.
Here is a simple equation you should keep in mind:
Simple Logical Robust Trading System = Confidence = Discipline to apply = Forex Profits
While the above equation is simple, most traders don't understand it, if you do and base your forex trading strategy on it, you can achieve forex trading success.
Keep in mind, forex trading is not just about having a good system, its about having confidence in it and the discipline to apply it for success which will see you make long term gains and achieve the income you desire.
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Article Source: http://www.ArticleBiz.com
"Keep trading"
Abraham Ekedum
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