After trading for a very long time. Do you feel like the market seems to be trading against you? I bet you feel like there is a devil sitting on your left shoulder? Or, even worse do you feel like you have been cursed with some African Voodoo conspiracy?
If you do, you are not alone. Since over 95% of Forex traders lose at trading again and again. No wonder some of us feel this way. And even if you have a system or rythim of how you trade. It doesn’t matter if you buy or sell. Go long or short. You lose time and time again.
I Lose All The Time, What If I do The Opposite?
Even if you say hey! I lose all the time. What if I do the opposite. Then maybe I’ll win 95% of the time. So you try it and you just lose again and again. At this point you must be so frustrated to just want to give it up and throw in the towel.
Well, believe it or not. It’s not YOU! And it isn’t the market. No, it’s not some crazy Voodoo either. You see, the market movement is not random for the most part. But there is times when it does repeat its patterns. This is where after constant chart study you will be able to capitalize and learn how to spot profitable patterns.
But first and foremost. You must get over the fact that the Central Banks nor the traders on the other side of your trades is not the reason why you lose. They have a 50 – 50 % chance the same as you. Let’s face it. We both want to make money. But as you know. Trading is a zero sum game. So only 1 of us can be the winner.
There are No Such Entities Trading Against YOU!
You need to also get over the thought of being played by some crazy voodoo curse. Or some devil is sitting on your shoulder saying sell you fool! Sell! There are no such entities conspiring against you.
Nobody. I mean nobody! Trades with a 100% win rate. It’s just not humanly possible. So believe me when I say trading is 80% psychological and 20% technical. It’s kind of a mind over matter situation you need to put aside. When you lose a few trades you need to keep your emotions in tack. And when you win some trades you need to not get too excited.
You Can’t Win On Every Trade When Trading Forex!
When you know. Accept and embrace the fact that you are going to lose trades. Your mindset shifts and you become free to make more intelligent moves in the market place.
The secret is to keep is to keep your losing trades small by using the correct money risk management. Skills that are designed to keep your losses low. While increasing the amount of money you make on your successful trades.
Why do some people make a fortune, while other people fail over and over?
Do You Think It Has Anything To Do With How Intelligent A Person Is!?
What it boils down to is the following main points:
- You need to use a proven trading system where the odds of winning over the long term are always in your favor… by design.
- You need to embrace the fact that you will lose trades, therefore freeing you to take steps to keep the losers small. (Rather than trying to avoid losing altogether, which can never happen.)
- You need to be willing to accept that becoming a profitable trader means COPYING the strategies and techniques that already work for other successful traders.
- You need to put personal pride aside and truly listen to every word that a successful trader shares with you. Even if you think of yourself as being very knowledgeable on the subject of trading.
- I have seen Doctors who lose a lot of money just because they think they are so smart just because they passed the doctors exam to be a medical practitioner. Don’t let your inner judgment trick you…
If you can do that. There’s absolutely no reason for you to be anything other than a highly successful Forex Trader.
It’s not too late for you to experience a shift from a losing trader to a wining trader.
