In this article, we will study a group of novice traders, who have two weeks training and then went on to earn millions in profits. You can make millions, but if you see how they made money, you'll see how you can enjoy forex trading success.
Richard Dennis a famous trader who made millions, but he was very modest and who claimed to have been a successful merchant offers, they had the right methods and thinking, so set yourself a challenge:
to teach a group of people with no experience to trade in just 14 days and these people will be both sexes, all ages and different levels of intelligence. The group was a good mixture contained actor, security guard and female accountants to name a few.
After training, they began trading and started to pile up triple digit gains and went on to a period of 4 years to hundreds of millions of forex earnings. So what's the secret to their success? I have summarized the key points behind their success in the sequel, and some of them May surprise you so here they are:
Best Forex strategies are always simple
the best strategies are simple and use the technical level for entry obrta.Trgovinski system studied, it was so easy to teach him a few weeks. Being smart and working hard on the trading system, does not guarantee success, so keep it simple and you can win.
There is no prediction is needed to Make Money
Despite what many gurus will tell you - Forex prices can not be predicted! If you want to earn money easily store and watch the price action to confirm trend change. The strategy is based on trading breakouts and traded long-term trends that are always going to make money.
money management - losses do not matter the size of them if
system lost more than 70% of all trades set, but strict money management rules meant they were still small. On the other hand, large profits were run for several weeks or months, a covered loss, giving traders a great long term profit.
Forget about the people who tell you that you can win more than 90% of the time - its a lie. Most successful traders in the world, won less than half of its trades, but it does not matter, because they use appropriate risk control to reduce losses and run profits.
is a key factor for success - your thinking
It's simple - if you do not trade with discipline, you will earn. Let your emotions get involved and will be run losses that will end up with your bills wiped out.Trgovaca in the group, had no trouble learning the system and understand why it works -. But they all are following the strategy with discipline, the hardest part though they knew it was what they had to do to win the event and was awarded the
can become a successful Forex trader?
Yes, you, as you can see from the story, but one key point to keep in mind that your learning is a method that can beat the market which is key to the success of FX trading, its adoption of the right mindset.
Sounds easy?
is the real secret to currency trading success -. Understand, and you can make much money trading global forex