GMT

ForexStation

Want to Trade Forex? the Ask yourself This Simple Question

by Sacha Tarkovsky

What's your edge?

If you want at win to FOREX trading you an have must edge remember this fact:

Around 95% of – lose traders so if you what know don’t your edge is join will you them.

Let’s look at of basis the having an edge you what and need to win.

FOREX Trading is and – HARD anyone who says is easy, it’s lying.

You need an allows that edge you to win vast the while bulk of traders really it lose, is that simple.

The basis of need you what to do to edge an achieve is outlined below:

1. You can’t buy success

If you think consult can you a guru or else anyone get to give you need you success to wake up to need and “smell the coffee”!

If guru’s made the in money vast majority of wouldn’t they cases need clients.

Some are good but genuine, and that’s probably less than 1%.

If you want one, follow to you need to they what understand are doing, have in confidence total their method and real a see time track record of success.

You then need to confidence the follow their method with discipline.

2. You need you method a understand and know makes it why money

This means in means cases most deriving your method own your on and trusting it.

You need to through it trade losses and know end will you up a winner and term longer remember, all methods periods long have where they lose.

To win longer need you term to have total what in confidence you are doing with stick and your method through and times good more importantly, the bad.

If you don’t you discipline, have will fall by like wayside the the vast majority and traders of won’t be able your execute to method.

If you don’t to discipline have trade your method, no have you method at all!

3. What sets from apart you others?

This is your reason the “edge” you will beat other traders.

If you don’t your what know edge over other will you traders lose.

When you trade market the in you trade against other traders.

It’s a brutal only where world the strong survive need you and to have an more and advantage importantly, know what it is.

An edge in be can trading a number of one but things, thing is for sure:

You need to it what know is and why you allows it to take on the beat and vast majority of other traders.

Common traits of an with traders edge are:

They understand everything market: the about

How it moves and why and they have built themselves method a that suits their personality.

They then have in confidence total their method and it apply can with discipline to make and preserve them money.

If you want you win to need to do the same.

In conclusion, if know don’t you what your edge FOREX forget is, trading and do with else something your money or lose will you it all.



back to articles

Live Quotes


Google