Business & Finance Investing & Financial Markets

Forex Trading Education - Why Hard Work and Intelligence Do Not Lead to Success

Anyone can learn Forex trading and when I worked in the back office of a well known Forex trading company, one of our most successful traders was a retired lady farmer of 87! Anyone can win and do so quickly with the right education and that's what this article is all about.

To prove anyone could learn to trade quickly trader Richard Dennis conducted an experiment. The experiment taught a group of people with no trading knowledge, to trade in two weeks. The result was they made hundreds of millions of dollars.

These were not geeks or mathematicians; they were ordinary everyday folk and included, a security guard and a lady auditor to name just two of the group.

So you don't need to work hard and you don't need a college education but the fact remains, 95% of traders lose money so why is this?

The fact is Forex trading needs a different mindset to win.

While you can win with a simple system you need discipline and confidence to apply it and herein lies the problem for most traders.

What most traders cannot accept is that losing is part of winning.

You have to deal with losses and keep them small. Its not easy to take losses, it hurts your ego and you look a fool, as the market wrong foots you but you have to accept this as part of Forex trading and keep going, until you hit a home run. You need to keep your emotions out of your trading or you will run losses or simply throw in the towel.

Forex trading success is based on a good education, a simple robust system and the ability to apply it with confidence and discipline. The best traders are humble and don't worry about losing short term, they know if they stay on course they can make huge gains long term.

Any trader can get a winning Forex trading strategy together in just a few weeks and soon be making big profits in just 30 minutes a day, if they adopt the right mindset.

At the end of the day, its not the market that beats the trader, the trader actually beats himself. If you have the right mindset and a willingness to learn you can get on the road to Forex trading success.

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