Monday, 6 February 2012

Forex Trading Secrets Exposed 3 Lessons Learnt From Professional Forex Traders on Forex Trading

Nearly 90% of the part time traders that I know of want to become full time forex traders in the near future. And they hope to be professional traders one day. That is the dream for most forex traders. What about you?

In order to survive in the forex trading world and make lots of money from the forex market consistently, being a normal forex trader is not excellent enough – you’ll need to become a professional forex trader. So just what are the secrets that professional forex traders have that enables them to make lots of money trading forex? I once had a exchange with a friend of mine, who is a professional trader. And he shared with me the 3 secrets that make professional traders like him so rich:

Secret #1 – Professional Traders are NOT Geniuses- They Simply Follow a SIMPLE Forex Trading System.

You see it correctly, they are not any smarter than you nor do they possess of any god-like foresight in forex trading. I dare to say this because I know of some professional forex traders who seem to know nothing in this world and clumsy in responsibility other stuffs but can be a professional forex trader. Why is that so?

It’s simply because they have a successful forex trading system which gives excellent forex trading signals to help them trade consistently. And what they have to do is to repeat the consistency just by following the trading system. That’s all! And let me leak a small more secret, professional traders use simple forex trading systems instead of what most people thought to be complicated.

Secret #2 – Gather and Work Smart, NOT HARD.

Do you reckon that you must gather how to trade forex the hard way and gain all the knowledge before you can be successful? Do you reckon you can master the forex market if you combine all the strategies taught by every forex trading expert? If your answer is yes, you are WRONG! In other businesses, you may get rewarded for all the efforts and time you have place into.

But in forex trading, it’s the right forex trading tutorials and education that counts and you are rewarded for being accurate and not for efforts. You will be surprised that successful traders only follow a winning trading system blindly to erect up their trading capital.

Secret #3 – They possess Determination, Discipline, Money Management and Mindset for Success

My professional forex trader friend told me that he would swipe everything aside just to concentrate on his forex trading. It’s his determination to succeed made him overcome small losses and steep learning curves that he had experienced in the beginning. He emphasized on a huge mistake that a lot of people make is that they are too keen to trade, too keen to make money quick from the forex market.

You need to have discipline to follow the rules of your forex trading system. Huge capital gains in forex are piled up over years of consistency and not days, there is no shortcut to riches. He manages his money so well that even 2 or 3 losses in a row can’t change his profitability much. 1% or even 0.5% of his capital margin per trade is what he is only willing to risk.

Not everyone can be a professional trader in a small period of time as you need huge capital, but anyone can become successful in forex trading if you gather how to trade forex the professional way. I’m pleased to be your forex trading guide and what you have to do is to download my FREE ebook with contains forex tips, forex trading systems etc that professional forex traders use in their trading.

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