95% of traders lose money but the paradox is anyone can make money if they get the right education and mindset and here, we will show you how to avoid the losing majority and get in the elite 5% who make the really big gains.
First I want to outline a famous experiment which shows anyone can win and it was conducted by trading legend Richard Dennis.
He took a group of ordinary people which included a clerk, a boy just out of school and a lady auditor to name just a few and taught them a system in two weeks and these traders were then given trading accounts and they rewarded Dennis's confidence in them, by making him $200 million dollars in under 4 years. He proved anyone could win and while you may not make as much money as these traders, it shows anyone has the potential to make profits - Forex trading success can be learned.
The first point to understand is you don't get rich following cheap Forex robots. They claim for a hundred dollars or so you can make huge gains with no effort but none of these cheap systems have an audited track record to support their gains and if they really did work everyone would quit their jobs and trade!
You have to trade a logical system which can make money and never believe in easy money, the rewards are so high in trading, because you have to make an effort but the really good news is for the effort you need to make, the gains can be life changing and even better news is the best Forex trading systems are simple.
Simple systems work best because they are more robust than complicated ones. If a system is to complicated, it will have to many elements to break and if you take Dennis's system as an example, it was very simple and easy to learn and that's why the traders mastered it in just two weeks.
While many traders pick the wrong system or use a system based on flawed logic, another group of traders cant even win with a good system! The reason for this is they can't follow it with discipline, If you want to win you must accept you will have losses. The system Dennis devised had far more losers than winners but it made huge gains because its winners were far bigger than its losers.
All the traders who traded for Dennis commented that learning the system was the easy part, controlling their emotions and following it with discipline was far harder but they had confidence in the system and knew that's what they had to do to win and they were very well rewarded for their efforts!
So now you can see why so many traders lose and what you need to do to win and if you understand this article, you can get on the road to currency trading success and make huge gains in around 30 minutes a day or less.
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