The Truth about Forex and Futures Trading
I am not an expert in education and communication or a self-confessed market Guru. However, I understand making trading strategies and plans. I have succeeded in trading forex and helping other people improve their skills in trading. I use daily and weekly price charts to analyze the markets, but not some fancy indicators, whistle blowers and fancy bells.
People succeed in the markets because they are patient, and they use setups that keep repeating themselves every time. Trading can be equated to a game of chess, poker or billiards where you use strategy when playing. You should use basic math and the price charts to make money in the markets. Open your eyes and see what is offered in the markets. If your trading account has $100, you should not target to make $2,000, and yet you have a chance to make $10,000 and the chance increase because you can be able to handle the unexpected loss.
This article is not filled with unnecessary trading information that will be of no use to you, and waste your time with market theory easily available for free on the internet. Here you will be able to learn successful trading methods and also understand what will help you become successful in forex trading.
Directional trading realities
Lack of discipline is the most common cause of failure in trading forex but also in other wealth creation ventures such as real estate, currency market or even a small business. You should stick your strategic plan and manage your trade to succeed. The reason the McDonald’s Franchise owner makes money is because he sticks to his own proven set of rules and restrictions. Trading is similar to the Franchise itself. If you have not succeeded in forex trading, it is because you have inhibitors and mental in capabilities because of lack of personal discipline and fear. Ex Marines, Navy and Army persons make money in forex trading because of their training that has given them discipline. You should revert to observing discipline and strategy to improve your trading if you are a failing trader.
Things you should know
You should understand that a trading strategy is just a single part of your whole plan. These systems work for many, but the reality is that all methods win and lose money as well. If you become conservative and trade less, you will never make the fortune you desire. You should not try to get with every plan but choose a single plan that you will use to become a master in it. Understand that trading is a conservative game of strategy and patience. It has many players, many who are more experienced than the average trader and have better information. You as a new trader you should develop your skills and use the banks trading experience for as long as possible.
If you stick to your strategic plan step by step and be disciplined, you will be successful forex markets. Do not be deceived by the many systems that are advertised promising an easy way of making money in trading Forex.