Saturday, January 19, 2008
The Only Way You Can Succeed In Forex
We hear many people talk of success in the forex markets, what exactly is success? If one trader makes $5000 a month and another makes $20,000 which is more successful? I class success as achieving the goals you set in your trading. Right now you may earn $3000 a month form your J.O.B, you could make it your goal to match this income from your trading so you can trade full time. If you succeed at this I would say you are a successful trader. It is very Important not to loose sight of reality in the forex world, it can happen very easily with all the wild claims flying around that you can become a millionaire in a week. Set your self a small target and once you meet it set another and so on, always focusing on a achievable goal not an impossible one. You must treat your trading as a business, make a plan of exactly how you are going to achieve your target and what you have to do daily to get there. Too much emphasis is set on the trading system in the forex market, its not the system that will make you a success its in your mind. Get your head right and you can make money with almost any half decent system. Keep your system nice and simple, no need too many indicators and fancy colored lines, set your target for the day and go for it. Always have a cut off point for the day, don t chase after losses. Last but not least do not think you have to be an expert in this business to make money, you do not need to know everything there is to know about forex. You only need ot know about your system that s it, nothing more. Do You Want To Make Consistent Money Trading Forex? Dean Saunders has created the *Ultimate* FREE forex trading system that has helped 100 s of Forex Traders become profitable. Click Here and grab your FREE copy of Dean s amazing trading system!