Here we will look at how to trade Forex from home with a simple method the pro traders use. Not only can you learn this method quickly, it can also make you big Forex profits in around 30 minutes a day.
The first point to keep in mind is the best Forex trading systems are simple, always have been and always will be and this is proven by the fact that 95% of traders lost money 30 years ago and still do today, so all the advances in foresting methods and technology haven’t increased the rate of success – the fact is simple systems make money complex systems break in the brutal world of Forex trading.
If you base your system on following price action on charts, you don’t need to know what the economy is doing or to even look at the newswires – you just focus on and trade the price action.
So if you can make money with a simple Forex trading system and anyone can learn one, why do so many traders lose their money?
The answer is simple they lack discipline and while many people have heard the importance of discipline but few people really understand what it entails, so lets take a look at discipline in more detail.
There is a big myth, perpetrated by so called guru’s and robot vendors, who claim you can win the majority of your trades and not suffer periods of losses or draw down but this is a lie. Most of the worlds greatest traders, lose more trades than they win but because they keep losses small and run profits they make huge long term gains.
There is nothing wrong with losing – so long as you cut losses quickly!
If you cut losses quickly and run your profits to cover them and make a profit you can make a triple digit income longer term. Being right all the time is not possible but making money is.
So if you want to win, get a simple system and make sure, you trade with discipline and keep losses small and currency trading success can be yours.
