Forex Opportunity - What is in it For You?

Foreign exchange market is becoming more and more popular lately. You probably asking yourself if you can join millions of Forex traders or you are probably one of the traders. The sad truth about Forex is that almost 95% of people loose money very quickly. So is this opportunity for you to loose some money or to earn money? This kind of question I had in the beginning of my trading career when nothing seemed to work for me. If you are struggling to make consistent profit from your trading then keep reading. I have a strategy to fix unprofitable trading experience.

But first you need to decide if are you ready to change your belief system about trading, market and life in general. Or would you rather prefer to be right about your and keep losing in Forex. If you thinks that you are always right and the world is as you think it is then you may stop reading. The rest of what I will say will not benefit you. But if you are willing to change your beliefs then this opportunity may very well suit you.

So the first question is in the title of this article. What is in the Forex opportunity for you? Once you know how to consistently grow you account then you have joined the elite group of successful traders. You can work anywhere in the world as long as you have an Internet connection. You will no longer have to go to your 9 to 5 job, which you probably hate. But if you like your job you can continue to work without being dependent on the paycheck. These are some benefits for you if you learn how to become a profitable trader.

Now the question is how one becomes a successful trader. I talked to many successful traders and most of them were not naturally born traders when they have started. Almost all of them went through the stage of losing and struggling with the market. The main characteristic of those traders was they were persistent and they never gave up.

First you need to change you belief system to start to grow you account consistently. Do you know what belief you are holding about trading and about you life in general? How do you earn money trading currencies. If your believe as I did in the past that making money in Forex is taking it away from other traders since it is a zero sum game, then you will subconsciously sabotage your trading carrier. You see the role of a trader is very important. The money you bring to the market gets invested into the economy of the countries worldwide. So you are getting paid for taking the risk that others are not willing to take.

The second thing you need to practice execution of a trade over and over again. Pick a trading system that suits you and has a positive mathematical expectation. Execute it 50 times. Only after 50 trades look at the result. If it is negative the system is not for you change to another one. If the result is positive repeat the group of 50 trades a few times.

I can assure you that at the end your emotions of agony and overexcitement will not interfere with the execution of a single trade. And most importantly you will see that your equity curve is growing consistently. It may be very small growth but if you keep doing it two things will happen. First the power of compounding will kick in. Second your mindset gradually will allow you to see and take more and more profitable trades.

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