It is obvious that Forex trading is not a walk in park and to win, you have to get a good education and learn skills which leads us onto our first fact.
1. Cheap Forex Robots Don’t Make Huge Profits with Low Drawdown
No serious trader I know, would ever use one of the vast number of robots which claim for a hundred dollars and for making no effort, you can enjoy a huge regular income with no drawdown. The claims are laughable and if they were true, these systems would make more money than the best traders in the world on multi-million dollar salaries. If you want to enjoy trading success pass them by.
2. Forex Trading is NOT Hard to Learn
Its actually very easy to learn Forex trading because simple systems work better than complicated ones, because they are more robust with fewer parameters to break. Of course anyone can learn a simple system. There are a huge number of Forex traders who think hard work and being clever will help them win but you are simply judged on the profits you make. So don’t work hard work smart and keep it simple.
3. A Good Trading System Will Make You Money
A good trading system can only make money if you apply it with discipline and its a fact, that most traders lack discipline. There are many traders who have systems which can make money but fail to appreciate the influence of emotion on trading. Most traders simply think its easy to follow a system but when emotions get involved, they run losses, deviate from the system and trade more to recoup losses or continually change systems. If you can’t follow a trading strategy with discipline, you simply don’t have one!
4. There are No Secrets or Short cuts to Forex Trading Success
There is no secret indicator or piece of knowledge which can help you achieve success. All the people selling the secrets of success you see online, are not selling secrets at all because if their methods worked, they would be to busy making money to sell their secrets! Forex trading success is simply based upon having a simple logical method, combined with, the ability to execute the system with discipline.
Why You can Win at Forex Trading
Everything about successful trading can be learned and if you understand the above points, you will understand that learning a method which can win is easy but getting the right mindset is harder but the good news is – Getting the right mindset is a choice. If you accept, you need to keep your emotions out of your trading to win, you will make the right choice and become a disciplined trader and make huge long term Forex profits.