Forex Trading Secrets - The Secret That Can Lead You to a Triple Digit Income!

You will find lots of people telling you online they have found the Forex secret of trading success but if they really had found a secret way to beat the market, they wouldn't be selling their secrets, they would be to busy making money to bother you. There is really only one secret you need to know and we will look at it in this article.

The secret of Forex trading is rooted in this simple statistic 95% of traders always lose at Forex trading. Now you may say I already knew that but think a little further and think this statistic has not changed in over 100 years and this is despite huge advances in technology which have occurred in the period:

We have personal computers which have more power than Mission Control which landed man on the moon, software with amazing number crunching power, more and better news and instant price information via the internet.

So technology advances in the last 100 years have made no difference to the number of traders who win. The reason for this is success depends on "something else" which is getting the right mindset, lets look at how to do this in more detail.

The ratio of winners to losers has stayed the same, because human nature has remained the same and its this that has kept the ratio of losers so high but the good news is if you can adopt the right mindset you can win - let's take a look at how to do this.

The Secret of Forex Trading Success

Anyone can learn to trade Forex and you only need a simple strategy to win, if you try and make your strategy to complicated, it will simply have to many elements to break. So you can learn a simple strategy anyone can but can you get the right mindset?

The good news about getting the right mindset is its a choice and all you have to do is be humble and accept your losses and keep them small - sounds easy? Most traders can't do it but if you can see that taking your losses and keeping them small is the only way to win, you will take them cheerfully and not worry about them, because if your strategy is soundly based, your winners will cover your losers and give you huge long term profits.

The secret of currency trading success, lies within each and every trader - its your personality and mindset which will determine whether you win at Forex trading - it really is that simple.


SOURCE:http://ezinearticles.com/?Forex-Trading-Secrets---The-Secret-That-Can-Lead-You-to-a-Triple-Digit-Income!&id=4552473