Already on ArticleSlash?

Forgot your password? Sign Up

Forex Trading Facts - Understand These Key Facts to Win Big Profits


Visitors: 186

Here are some facts that many traders don't consider if you do then you can win at forex and enjoy currency trading success. . .

Here are your facts in no order of importance they ALL contribute to your success!

Fact 1. Forex Trading is NOT Easy!

Of course it isn't that's why so many traders lose - 95% but the good news is with a bit of effort, you can win and make a lot of money. You simply have to know what you are doing (forget junk robots and mentors telling you it's easy to follow them), if you do you follow them, you will lose.

Understand you need to do it on your own - but if you do put in effort, your rewards can be huge and this does not mean working hard.

FACT 2. The Work Ethic Does NOT Apply

In many jobs you get paid for the hours you work and are rewarded for the amount of time you spend working. In forex trading you get your reward for being right and this means working smart not hard.

You can learn to trade in about 2 week and in 30 minutes a day or less and earn big profits

FACT 3. Being Clever is NOT an Advantage

Simple forex trading strategies work best try and complicate your trading system and it will have to many elements to break and will lose. Keep it simple is wise advice when seeking forex profits.

Fact 3. Discipline is the Key

You need to have iron discipline, this is the hard part of forex trading, to trade through losing periods and stay on course, until a winning run occurs. If you don't have discipline to follow a system - you don't have one!

FACT 4. Picking Trend Direction is Easy

Compared with staying with the trend. When you trade you must execute your trading signal at the correct level and have your stop and trail your stop so you don't get stopped out by volatility - this is much harder to do and many traders get the direction right, only to be stopped out by random volatility and see the trend go back the way they thought and their not in.

This is a major problem and you need to make a study of standard deviation of price, part of your essential forex trading education.

FACT 5. You need to Know Your Trading Edge

A trading edge is personal to you and something you understand, have confidence in, which you know, if you apply with discipline, will lead you to currency trading success.

Following someone else is not an edge! Its personal and if you don't know what yours is, you don't have one.

FINALLY The Good News . . .

Forex trading looks easy yet, few succeed but if you understand the above points you are well on your way to achieving forex trading success.

You have to work and you have to work smart to get a forex trading system, you have confidence in and can apply with discipline. If you do this correctly, the rewards can be life changing.


For free 2 x trading Pdf's, with 50 of pages of essential info on the Forex Trading Success visit our website at: .


Article Source:

Rate this Article: 
How Do I Approach A Girl - Firstly Understand These Facts
Rated 4 / 5
based on 5 votes

Related Articles:

Forex Trading For Beginners - 10 Facts You Need to Know For Forex Trading ..

by: Kelly Price (September 05, 2008) 
(Finance/Currency Trading)

Forex Education - 6 Facts About Forex Trading Every Novice Trader Should Know

by: Samuel Leslie Berkovits (December 14, 2008) 
(Finance/Currency Trading)

The Facts About Smart Forex Trading

by: Tyler Ziggler (June 22, 2008) 
(Finance/Currency Trading)

Forex Trading Basic Facts

by: Brian Tran (February 20, 2008) 
(Finance/Currency Trading)

Forex Trading Learn the Facts Now!

by: John Callingham (July 30, 2008) 
(Finance/Currency Trading)

Automated Forex Trading - Three Facts You Must Consider

by: Adrian Pablo (May 07, 2008) 
(Finance/Currency Trading)

Must Know Facts About the Online Forex Trading Business

by: Joel Gardner (July 22, 2008) 
(Finance/Currency Trading)

Forex Short Term Trading Strategies - Forex Day Trading Restrict Risk Build Big .

by: Samuel Leslie Berkovits (June 18, 2008) 
(Finance/Currency Trading)

Forex Trading Profits – A Forex Trading Method for Huge Gains

by: Kelly Price (March 02, 2007) 

How Do I Approach A Girl - Firstly Understand These Facts

by: Benjamin Wise (December 30, 2007)