A Straight Path To Profits
Why 95% Of Traders Are Not Making Any
Money
It's staggering that 95% of Forex traders
never make a consistent Forex trading income, and that's because they don't
have a plan that will take them from where they are at the start to where they
need to be. And it's not entirely their fault, because the Forex industry is
full of misinformation and conflicting advice. Beginner Forex traders are often
told to just open up their own demo account and "teach" themselves
Forex trading through trial and error, which is crazy! Would you hand a
teenager the keys to a Ferrari and say "Hey, why don't you drive around
town until you figure out how to drive?" No, of course not, because
they're never going to learn how to drive properly that way.
The reality is, most people don't get
into Forex to learn a skill, they get into it to make money! So the best way to
trade Forex for them isn't to spend 2-3 years practicing and training to become
a good Forex trader. Think about your life and the amount of stuff that you've
already got on your plate: do you actually have 2-3 extra hours in a day that
you can spare to learn the art of Forex trading? Obviously not, which is why
learning to trade Forex from scratch is not going to be the way that they're
going to profit from the Forex markets, no matter what anyone says.
Your Straight Path To Forex Trading
Profits
Here's the truth about making money in
Forex right from the get go: all you need is capital, a profitable Forex
trading system, and a sound money management strategy. That's it, that's all
there is to profitable Forex trading. If you don't have enough starting
capital, the only thing you can do is to save up and build up until you have
enough, so I'm not going to focus on that. The more important part of your path
to Forex profits is to have a profitable Forex trading system in place, and
while you can design your own system, you'll have a far better winning edge
with a system that's already designed for you.
I'll be honest with you and tell you that
there aren't that many profitable Forex trading systems for sale on the market,
but there are some and that's the most important thing. If you do your research
and take your time in finding one, you will be able to identify a system that
will make a consistent positive return month after month. That's the key: you
don't need to double or triple your money every week and turn $1,000 into
$1,000,000 in a few months, you just need a system that will allow you to
produce 5-10% returns each month and you're flying. Once you have it, then all
you need to do is to keep your risk in check and you've got yourself a straight
path to Forex trading profits.
Most Forex traders fail because they
don't have a viable strategy for making money in the Forex markets. They get
sidetracked with the latest and greatest indicators, not realizing that the
best way to trade Forex they need to profit is adequate capital, a profitable
Forex trading system and a good money management strategy. Now, you know
better, so work towards filling in the blanks in your trading operation, and
soon you'll be making steady and consistent profits from the Forex markets.
I've been a full time Professional Forex
Systems Developer since 2007. Forex is my passion, which is why I really love
helping anyone to overcome their challenges and become profitable in their own
trading. If you're just getting started in trading Forex, or if you'd like to
take your trading to the next level, I'd love to help!
If you're new to Forex trading and
frustrated because what you're doing right now isn't working, I can show you
how you can make a Forex Passive Income [http://www.forexsystemstrader.com] in
just 30 minutes! Everything you need to know is in my free report: Winning With
Forex Trading Systems [http://www.forexsystemstrader.com].
Article Source:
http://EzineArticles.com/expert/Thad_B/948497