Currency Trading Secrets - There is Only One Secret For Currency Trading Success

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There is only one secret of currency trading success and its enclosed in this article and if you understand it there is nothing to stop you making big profits, lets take a look at it.

If you read a lot of the advertising online for courses and systems, they have all found a way to beat the market and found some hidden order which can predict the future and make you big gains with no effort. This story is a favourite of the huge amount of Forex robots and Expert Advisors sold online. The truth of course is there is no way to beat the market and the secret of success is simply this:

A simple robust currency trading system + confidence in it + discipline to apply = Success

Is that it! You may be saying and the answer is yes but it needs some further explanation so you understand its true relevance.

Most of the top trading systems are simple but the real problem for traders is not learning a system, its applying it with discipline and while this sounds easy it is not.

The reason it's not easy is because you are going to lose money at times, the market is going to wrong foot you and make you look stupid and the danger here is your emotions will get involved.

Most traders simply can not take losing, they fail to keep their losses small and end up losing. The savvy trader knows that to win, you need to lose but as long as you keep your losses small and run your profits, you can still make huge gains.

Currency trading is about making money and to make money, you do not have to be right all the time. You can be wrong, more times than your right but so long as you exercise proper risk control, you will enjoy long term success.

Today there is a huge industry in automatic systems that claim technology can beat the markets but if you think about it this is not true:

50 years ago 95% of traders lost money and the same figure lose today and that's despite all the advances in forecasting and technology we have seen so it has not helped.

Instead of trying to beat the market, the savvy trader accepts he will lose and can never be perfect but why does he care? - When he's making a triple digit income for 30 minutes work a day.

The secret of currency trading success is the same as its always been and that's, using a simple system and applying it with discipline, to achieve long term profits, success in Forex trading really is that simple.

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Source by Kelly Price