Win at Currency Trading - Why Being Clever and Working Hard is a Disadvantage
If you try and be to clever with your currency trading strategy you will lose and if you work hard it wont help you either and this means anyone can win at currency trading if they work smart not hard...
Now don't get be wrong currency trading involves effort forget all you read about mentors leading you to success or plugging in a forex robot putting up your feet and other people making you money - this won't work as most of the promoted systems ask you to trust simulated back tested track records which of course is not the same as trading without knowing the data - you have to make an effort.
The effort should only be a few weeks study though and you can win at currency trading in 30 minutes day.
Currency trading success is built on a simple trading system NOT a complicated one.
The reason simple systems work best is they are more robust in the face of ever changing market conditions and have fewer elements to break.
Many clever people think that being clever, means they have a right to win and they don't. You don't get paid for being clever, you get paid for being right.
Clever people also hate taking losses it hurts their ego but you have to lose to win.
There is nothing wrong with taking a loss, if you make profits overall. If you don't learn to lose cheerfully, you will never win, as leverage will simply blow your account out the water.
Once you have trading system, understand it will never be perfect so don't keep studying for the perfect system - if it makes money its fine. I haven't changed mine in 22 years and it's not perfect I know that but it makes money.
When constructing a forex trading strategy base it on a simple methodology and have confidence in as you need confidence to stick with it with discipline to win and this is a reason most traders - fail.
They want to follow someone else, news stories, robots etc and they cant follow them through losing periods and this applies to even to the ones that make money, they throw in the towel to early.
So do a few weeks study get a simple forex trading system you can have confidence in and you can trade with confidence. Make sure you work smart keep it simple and don't spend too much time looking for perfection.
You need to make an effort to win - but the effort you have to make is very small, in relation to the huge gains you can make in just 30 minutes a day or less and if you understand this you can win at currency trading.
Now don't get be wrong currency trading involves effort forget all you read about mentors leading you to success or plugging in a forex robot putting up your feet and other people making you money - this won't work as most of the promoted systems ask you to trust simulated back tested track records which of course is not the same as trading without knowing the data - you have to make an effort.
The effort should only be a few weeks study though and you can win at currency trading in 30 minutes day.
Currency trading success is built on a simple trading system NOT a complicated one.
The reason simple systems work best is they are more robust in the face of ever changing market conditions and have fewer elements to break.
Many clever people think that being clever, means they have a right to win and they don't. You don't get paid for being clever, you get paid for being right.
Clever people also hate taking losses it hurts their ego but you have to lose to win.
There is nothing wrong with taking a loss, if you make profits overall. If you don't learn to lose cheerfully, you will never win, as leverage will simply blow your account out the water.
Once you have trading system, understand it will never be perfect so don't keep studying for the perfect system - if it makes money its fine. I haven't changed mine in 22 years and it's not perfect I know that but it makes money.
When constructing a forex trading strategy base it on a simple methodology and have confidence in as you need confidence to stick with it with discipline to win and this is a reason most traders - fail.
They want to follow someone else, news stories, robots etc and they cant follow them through losing periods and this applies to even to the ones that make money, they throw in the towel to early.
So do a few weeks study get a simple forex trading system you can have confidence in and you can trade with confidence. Make sure you work smart keep it simple and don't spend too much time looking for perfection.
You need to make an effort to win - but the effort you have to make is very small, in relation to the huge gains you can make in just 30 minutes a day or less and if you understand this you can win at currency trading.