There are many people who want to become successful Forex traders from home but very few end up making money and its a fact that 95% of traders lose money. The point to make is – these traders don’t lose because they can win, they lose because they get the wrong education so let’s look at how to get the right education and win.
You can learn to trade currencies in a few weeks and the reason you can learn so quickly is – the best Forex trading systems are simple! A simple system will have fewer inputs than one which is complex and be less likely to break. Of course, the really good news is anyone can learn a simple system but what sort of system should you use?
Your Forex trading strategy should be focused on following price action on a chart and if you look at charts, you will see long trends which last for many weeks or longer. By simple learning to spot profitable chart formations you can lock into these trends and hold them for big profits.
Don’t try and trade short term! Many traders like to do this and trade the daily fluctuations but they simply make a lot of trades, do a lot of work and lose money – trade the long term trends and you will make more profits and do less work.
When using a chart based system you focus on the charts and ignore all the news. News stories are just opinions and you don’t need them, your trading the price as it is on a chart.
The above way of trading is simple and works and a simple Forex trading strategy which trades long term trends can make you a lot of money but to make money you need to get the right mindset.
You are going to lose a lot of the time so you need to cut your losses quickly and keep them small. Losing money is not a problem if you keep your losses small because there will always be big trends which you can lock into and follow to cover them and make you a triple digit income longer term.
If you want to be a Forex trader from home, all you need to do is be prepared to study for a few weeks and after this education, you will be on the road to making a triple digit income in an hour or less per day.
