If there is one bit of forex advice that you can take which will determine whether you have what it takes to be a winner at forex then you need to think about the question I am going to ask in this article...
If you think you can win at forex trading:
What's your trading edge?
A trading edge is - the reason you will win, when 95% of traders lose and lose quickly, so what differentiates you from the vast bulk of losers:
What's your edge?
If you think following the news, a vendors mechanical system, or day trading, to name three losing ways of trading - you don't have an edge.
So what is an edge and how do you get it?
The answer is you need understand the following equation for forex success and here it is:
Learning the RIGHT knowledge + having Confidence in Your Knowledge (and knowing your edge) + The Discipline to Follow your plan - Forex Success
Forget about following forex trading systems with simulated profits - you will NEVER Win. Even if you find a profitable one, you need to know how and why it works and how it gives you an edge - success is on your shoulders, no one else's and by far the best way to achieve success is to do what all successful traders do:
If you think you can win at forex trading:
What's your trading edge?
A trading edge is - the reason you will win, when 95% of traders lose and lose quickly, so what differentiates you from the vast bulk of losers:
What's your edge?
If you think following the news, a vendors mechanical system, or day trading, to name three losing ways of trading - you don't have an edge.
So what is an edge and how do you get it?
The answer is you need understand the following equation for forex success and here it is:
Learning the RIGHT knowledge + having Confidence in Your Knowledge (and knowing your edge) + The Discipline to Follow your plan - Forex Success
Forget about following forex trading systems with simulated profits - you will NEVER Win. Even if you find a profitable one, you need to know how and why it works and how it gives you an edge - success is on your shoulders, no one else's and by far the best way to achieve success is to do what all successful traders do:
