The facts are 95% of traders lose money and just 5% win. The vast majority of the losing traders simply pay no attention to the point enclosed but its vital for your trading success and its enclosed...
Traders can simply get the wrong Forex Education and believe the vast number of myths online but even the ones who get a sound strategy together fail to make money with it due to being unable to apply it correctly.
By applying it correctly I mean - they have to trade it through a losing period of weeks and NOT deviate from the system rules. Forget all you have read about from so called gurus in terms of, you can trade with 90% accuracy and have only short losing periods, this is simply not true.
Learning to Lose is the Key to Winning - Discipline is the Key to Success!
You will lose for sometimes weeks on end, it happens to the best traders and it will happen to you but losing short term and staying on track, is actually the key to winning.
You must trade through these losing periods and keep losses small - in Forex trading you have to learn to lose in the short term to win in the long term.
So why is discipline so hard to achieve?
The fact is that losing is hard you look foolish,, your ego is hurt and the market looks like its out to get you ( even though of course it isn't!) your emotions then get involved and you deviate from your system and lose.
If you don't trade to rules you don't have a system, it's as simple as that.
Obtaining Discipline
Discipline comes from the right Forex education and knowing what you are doing, this gives you confidence which is translated into discipline.
The people who tell you that you can make money without knowing what your doing are wrong and you also cant just follow others, you can learn from them but you need to execute the trading signal, so success is on your shoulders and yours alone.
Why the Vast Majority Don't Have Discipline
Most traders today, want to follow junk systems with simulated track records or get rich quick schemes from so called forex experts of course the systems don't work but if they did you would still need to be disciplined and that means a sound Forex education.
You can Win Because
Learning a Forex trading system is easy and anyone can do it the best systems are simple and robust so finding or building one for success is easy - applying it is harder but if you have digested all we have said, you will see how to get the right mindset and apply your system with discipline, for long term currency trading success.
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