Forex Trading - Why It's Not Easy and How to Win

Making money in forex trading is NOT easy and don't believe people selling you get rich quick forex robots etc - they wont help you make money. The fact is making money in forex trading is not easy and you wouldn't expect it to be with the rewards on offer. Here we will look at how if you work smart you can win...

Fact 95% of forex traders lose and that's a lot of people who burn their equity quickly so, Why don't the majority win?

Of course, many simply get the wrong forex education which includes:

- Trying forex day trading or scalping

- Trying to follow a forex robot with a simulated track record

- Trying to follow scientific theories of market movement

- Trying to trade breaking events and news

- Following gurus

- Using to much leverage

- Believing money management is just placing a stop

The above will all see you lose but even if you get the right forex trading education and have a sound logical system you are only half way there.

You still need to execute it with discipline and this is a problem for most forex traders, as discipline with a forex trading strategy requires skills that are totally alien to most people and how they function in everyday life.

Skills and attitudes which won't help you in forex trading are the following:

-The normal work ethic doesn't apply, you don't get rewarded for effort, you get rewarded for being right

- Being clever won't help you either make your system to complicated and it will fail

- You are dealing in a world of anarchy where you have to create rules to survive and live by them.

- You have to be wrong a lot of the time and allow the market to make you look stupid

- In society running with the pack is normal but in forex trading you must trade in isolation

The above cause enormous problems for most forex traders and they simply cannot get the right mindset to win.

They want to work hard and be clever and the market doesn't reward them for this, it teaches them a lesson in simple is best.

They are used to following rules and cannot take the responsibility of creating them and they hate looking stupid, when the market wrong foots them and cannot take small losses - but the fact is you have to lose to win. Finally, people have a real problem acting alone in isolation and executing trading signals when most traders and the news disagree with them.

Why You Can Win and Pile Up Big Gains

The fact is these are the problems you must overcome but for the trader with the right mindset, these can be huge advantages. They know that if they have a simple forex trading system, they can win and if they have work smart, they can be making big forex profits in around 30 minutes a day.

So forget about what you read forex trading is not easy, it requires a different set of skills but these skills if learned can see you earn big consistent profits in just 30 minutes a day and give you long term currency trading success.

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Forex Myths - Common Myths Which If You Believe Them Can Destroy Your Equity!

Here are 5 common myths that most new forex traders make and end up losing all their money quickly. If you fall for any of them, you will end up a loser. Let's look at them.

Myth 1

You Can Follow a Forex Robot with a Simulated Track Record and Win

Many traders are just nave or stupid and believe if they invest 100 dollars in a forex robot they will get a guaranteed income what they end up getting is a guaranteed loss. Quite simply, these traders don't look and see the robots come with paper simulated track records and gains NOT real ones!

There simply made up knowing the past we can all do that but trading without knowing the price closes is vastly different.

Myth 2

Buy Low Sell High is the Aim of Successful Forex Speculation

It's a well worn phrase and its dead wrong if you try and buy low and sell high, you will miss most of the big moves which actually start and accelerate from new market highs and lows.

All the best trends come from these breakouts and if you don't trade them, you will miss the best opportunities.

Myth 3

You Need to Predict to Win

This really goes with the above myth. Traders get obsessed with predicting tops and bottoms but of course if you are predicting, you are hoping and guessing and that won't get you very far in life let alone forex trading. Trade the reality of price change and never predict if you want to win.

Myth 4

Intelligence and Hard Work Bring Success

Not at all, you don't need to be intelligent to win and clever people who think they deserve success end up disappointed. Furthermore, hard work doesn't guarantee success. The only criteria you are judged on is how much money your trading signal makes and it doesn't matter if you took 5 minutes over it, or 5 hours it's the result that counts.

Myth 5

Forex Trading is Easy

Many vendors of robots, day trading systems and forex signal services promote this myth because it's in their interest but of course it's not easy, if it were 95% of traders wouldn't lose. Only 5% win and make really good money from forex trading and if you think trading is a "walk in the park" the market will hand you a lesson in respect.

The rewards are so high because it's not easy, forex success is achievable but you need a strong forex education and the mindset to succeed.

The above 5 myths are not the only forex myths traders' fall for - but there very common and if you believe them your trading account won't last long.

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Forex Trading Strategies For the Successful Investor

These days currency trading has become one of the major areas where more number of people invest to reap the maximum benefits from the market. Many people take Forex trading as one of their main hobbies that earns them a lot of money and also helps them to understand currency trading and the strategies to become a successful trader of foreign exchange. The basic idea of forex trading is that in this type of trading the currency of one nation is exchanged with the currency of another country and in the way, the trader gains profit from the transaction due to ever-changing exchange rates.

There are various aspects of Forex trading that one needs to understand, if one wants to gain from them. Currency trading system, Forex trading strategies, Forex trading signals and the Forex alerts are some of the major factors helping the market to gain a considerable profit through trading volumes.

Forex is the largest exchange of foreign currency that is considered as one of the transnational markets frequently rising. There is a possibility for everyone from all across the globe to participate in Forex trading with the help of the omnipresent catalyst - the World Wide Web. The main strategy behind Forex trading is that if there is an increase in the values of currency previously bought as compared to the values of the currencies that are on sale, the trader gains from the trade otherwise he incurs a loss. The Forex trading market is ever fluctuating and there are various aspects that the traders need to understand and keep in mind, if s/he has to gain from the market.

There are various strategies that the trader trading in the foreign exchange must keep in mind. Some of the main strategies are the following:

1. It is essential for the traders to understand the foreign exchange rules and regulations along with a clear idea of the possible dangers of the trading before plunging into the forex trading.
2. It is also imperative that the traders adopt reliable and effective forex trading strategies to make sure that they are on the safe side of the trading perils.
3. You must remember to use low cost software to implement the forex trading strategies. This is a wise decision as it helps you in good money management.
4. By taking the various available options for the trade, they can derive resistance and support levels.

Keep the above in mind and make your killing in the Forex market.

To read more about forex trading, click here: Forex Profit Accelerator Reviews.

Jonathan Gibson makes his money from home and has an extensive experience in market trading. To get 4 Free ebooks on trading from a 30+ year trader veteran, click here: Free Forex Course.

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Automatic Forex Trading Systems - Why 90% of Newbies Fail to Make Money

In theory, automatic Forex trading systems takes only a few minutes to operate a day and should generate you the huge profits. Of course, they make money, but only if used correctly. In reality, most of the traders fail to make money. What are the reasons?

1. The wrong system

The first and the most important reason why people fail to make money is that they pick the wrong Forex trading system. There are hundreds of various programs available online and many of the are useless. It's not an easy task to find the one that really works.

You have to understand one thing: you will not get financial freedom for a hundred dollars or so, and without effort. Yes, you have to put in some serious effort in order to succeed. If your initial investment is small, the process will last for a long time until you begin to see some serious income. But finally you will start making a decent profit.

2. Confidence

Even with the best trading system you are going to experience weeks of loses. It's impossible to win all the time. It's like in real life: there are successes and failures. But you can reduce failures rate by being confident. Lack of confidence might prevent you from entering the position even if all the indicators are positive. And vice-versa, being too confident and not exiting the position early enough can lead to failure.

While trading on Forex you must have a discipline. Do not let the emotion control you. There are times when failures occur and you lose money, but don't give up so fast. Sooner or later you will succeed and make money. Be disciplined and understand the logic of how the trading works. Automatic Forex trading systems can greatly increase your success ratio, making you a decent amount of money in the long run.

Be realistic

Automatic Forex trading systems can make you money, but there not many of them really do that. Some of them are far from making any profit, so be careful. But if you find the one that really does its job, you are in a halfway to your success.

Keep away of those that promise you tons of money in a few weeks or so. There is no quick way to riches. It takes time to start seeing some serious money in your account. Also, most of the systems do not generate so much money as was expected at the beginning, they are overvalued, but they still make money. You can expect two to three thousand dollars in the first four months.

It's critical to choose the right Forex trading software. However, it's a difficult and time consuming task. I had this problem some time ago, so I did a research. You can find the results here:

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How Do Foreign Exchange Traders Make Money Online?

I'm going to answer the question on how do foreign exchange traders make money online. Well, it's actually quite a simple process. The world has a global demand for other currencies, which obviously creates a market known as the foreign exchange market. It is governed by basic supply and demand. Figuring out which currencies are expected to go up and buying before hand is how you make profits. It works very similar to stocks, though it is quite different in predicting winners. There are a lot of people that end up losing money in this business. I'm going to share a little of what you need to know to get started in this business.

The most important starting point is the broker. This is how you move money around in this global market from home. There are a lot of these places on the internet. Some are good and some are bad. That means a great deal of research and time should be invested in finding one that meets your needs accordingly. I found the best place to research is forex forums. These are places actual traders discuss things and brokers are constantly talked about. You'll learn a lot about which ones are good and bad.

Another important aspect is having software to help you trade. Since this is a global market, that means the doors are open 24hrs a day. Obviously, you're going to have to sleep at some point and you need something to watch over the market. This is what software can do for you.

The Secret Forex Code is an excellent software tool that is used by a small minority of profitable traders. It comes with educational material too, so you can learn how to properly trade.

Check out the Secret Forex Code Review.

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Make Money Fast - An Opportunity to Build Wealth in a Trillion Pound Industry

If you want to make money fast and build wealth, there is a business open to you that anyone can learn, start with small stakes and use a proven vehicle to make money quickly. If you have the mindset to succeed read on...

The business is becoming a forex trader from home. Before you say I couldn't do that you can and people with no experience are learning currency trading with no previous experience investing small amounts and making money fast.

Check the advantages first and then we will show you how to make money fast

- You can get started with a few hundred dollars
- You only need a PC and to be online
- You don't need to advertise, you don't need stock and you don't need staff.
- You can do this business from anywhere
- It will take you a few weeks to learn and about 3o minutes a day to run
- There is never a recession
- There are opportunities to trade for profit daily
- You can invest 200 times your deposit and leverage your gains

That's a lot of advantages and the key one to making money quickly, is the fact you can leverage your deposit 200 times.

Put down $500 and you can trade $100,000! This of course increases reward but also risk however if you can manage risk and run profits you can make spectacular gains.

A good way to learn to trade forex is simply to follow price action on a graph and trade the trends that emerge and re merge as currencies are a reflection of trader psychology that never changes. If you can spot repetitive price patterns, you can make money at forex trading and this learned skill will take you about 2 weeks of study.

The rewards for this study though can be life changing.

The fact is most traders lose about 95%.

This is mostly down to discipline and money management - you simply must keep your losses small.

The game of forex trading means taking small losses regularly and then when you hit a home run on a big trend, milking it for all its worth.

Forex trading is not easy and you wouldn't expect it would be with the rewards that are on offer however, if you approach it as a business and get the right education, obtain confidence and discipline, you could be on your way to a lucrative second or even a life changing income, in the worlds biggest and most exciting business which gives you the opportunity to make money fast and build wealth.

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Information For Currency Traders

There is some general information for currency traders that need to be understood. It is often the small little things in this business that determine the large and profitable incomes. You need to build your trading business on a solid foundation and here is what you need to know.

The time of the day you trade can be the difference between cold calculated profits and pure gambling. There are basically two times to trade; peak and off peak. The peak time is the best. During this time the highest volume of trades are happening. Since the volume is so high, a bank or large firm aren't in the position to effect the outcome of a currency. What we're left with is market forces in control. During off peak time, the volume is much lower and banks have a much better position. Since volume is low, a big trade by a bank can push a currency in a totally different direction. If you're trading during this time, you could do stellar analysis of a currency and still fail. Stick to the peak times.

The next thing you need to is do a full assessment of yourself. Are you an emotional person? Do you get worked up and can't calm yourself down? Are you always getting "gut feelings" about things? Do people think you have a gambling problem? This all needs to assessed. All these questions boil down to an emotional response. You're emotional if you're a gambler in denial. You're emotional if you get worked up and you're emotional if you get "gut feelings" about things. The last thing you want to do in currency trading, is getting all worked up or getting gut feelings about a specific trade. You want to be a person that makes trades by the numbers. Numbers don't lie and they're never emotional.

Lastly, you need to be able to determine trades that everyone is jumping onto. These are bad trades get involved in. Warren Buffet is one of the richest traders in the world and he got there by not following the crowd. You need to be able to determine when one trend is going to end and another is going to begin. Currencies go up and down. You do not want to buy currency when everyone else is doing it. You want to be able to find a currency that everyone doesn't want and it's at the point that pretty much everyone has done selling and people are looking to buy now.

I'm currently giving a 7 day free forex training course. Newbies and experienced are all welcome. If you're interested in participating, check out the Casual Forex Trader.

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