Reasons that Causes Forex Traders to Fail

Have you ever wondered why is it that very few traders succeed in the forex trading market while 95% of forex traders fail to achieve success? Below are 9 major reasons:

Get Rich Quick
It is this simple forex trading currency is not a get rich quick scheme, it will not make you a million dollars is days. Getting success requires patience and knowledge. It requires some forex education, patience, discipline, emotion control, etc. to get you into the world of successful Forex trading.

One Big Win- What is the best system
People are always asking, “What is the best forex trading system around?” Sorry to disappoint you but there is no trading system that will make you rich. Many forex traders spend years trying to find the ultimate of forex trading but failed to find one. The main reason is the forex market changes every second and the forex markets move very quickly

No Education- No Knowledge
One of the reasons forex traders do not make money is because they don’t have the right education or understanding of the Forex Market. You need certain forex training education, a forex course, a Forex Trading System and then a mentor to coach you. It does take time to learn and to get the right knowledge.

Discipline is the Key to Success
Discipline is so important in currency trading that it will reward you by accumulating your profits if you abide to it, and without it you will go broke. Do not chase loses.

It takes time- Have some patience
Forex traders chase after the price because they do not want to miss a golden trading opportunity. If you miss a trade let it go, remember the Forex Markets are open 24 hours a day 6 days a week so there is plenty of time and opportunity to make money.

You must manage your money and Trades
Most traders forget about risk and money management as they have the belief that they are never wrong and put all their money into every trade. The professionals never risk anymore than 10% per trade.

Learn to Control Your Emotions
Have a trading plan, plan the trade and then trade the plan. Most people will fail because they fail to have a trading plan without a plan you are trading blind and will go broke.

Keep it Real
If I had $1 for every person that thinks they can turn $1000 into $1,000,000 then I would have $1000,000. It takes time to build up your bank. Make sure you have realistic expectations.

You Don’t Have to Do it Alone
Once you have a trading plan, find a mentor, find someone that can help you. Remember it is strength in numbers. For more education lessons feel free to visit CFD FX REPORT they are the leading forex and stock market educators offering free education lessons, trading ideas. They can also help you find the best Forex brokers in the markets.

How to Beat the Forex Profs

Are you looking for additional information about the forex market? Perhaps a forex online training course that can hopefully help you to learn how the forex market works. If so you need to ask yourself this question. Do you want to just learn about forex trading or do you intend to trade the market and make money from your trading operations?

For both the novice and advanced trader forex trading results will probably be better by using an advanced automated forex trading system. One that has been proven to make real money trading live markets.

A serious problem with most automated systems is that while many of them work fine in back testing market movements they provide disappointing bottom line results when it comes to profitability trading real money in live real time volatile forex markets.

However, a small number of forex expert advisors use advanced technology and due to the continued efforts of their forex trading developers keep on improving all of the time. There is now an automated forex system trading robot that can steadily grow your money provided you retain your trading discipline and don’t use too much leverage. Of course, the same wise cautions about speculative trading still apply. You should only trade with risk capital in the forex market no matter how well you expect a trading system to work.

More than likely the free videos referred to on the forex robot information page on my blog will provide you with more useful information about making money from forex trading than any forex online trading course. The videos will show you how some of the best forex trading minds in the business have worked together to make a unique forex robot that works.

Often forex trading robot developers base their “proof” of success on nearly worthless back testing. Sure they can show great results as the past price action is known and in back testing the forex robot can be tweaked to fit the market. The serious question is what the robots can do for you in the future in market conditions that are always changing.

The automatic forex trading system that is shown in the videos (go to the blog for links) is unique. The robot has been tested with real money in the volatile forex markets of 2008 and 2009 and achieved outstanding trading results trading large accounts and small, in both up and down markets.

If you have an interest in a forex online trading course or in just making money online, then you should budget about 20 minutes of your time to watch the automatic forex trading system videos. You will learn how easy to install and easy to follow the trading system is. Not only that but you will find the forex trading system to be very affordable. When you follow instructions and set the robot up correctly there is a good chance that you will make more than your investment back in the first few hours or days of your trading program.

Why not go ahead and watch the forex videos now while you are thinking about it? An automated forex trading system that works as advertised is a rare item on or off the Internet. Isn’t it worth a few minutes of your time to learn more? It probably will beat any forex online trading course that you will ever find as far as helping you to set up a profitable forex market trading program.