Friday, May 9, 2008

HOW TO SUCCEED AS A FOREX TRADER

Recently, I have received a lot of mails from so many Nigerians complaining that they have lost their money in the forex market. One of them said categorically that forex trading is scam.

As much as I feel pity for those who lost their money in forex trading, I disagree with people who believe that forex trading is scam’ it is not.
Mary tradesr lose because they have poor methods, however many have good methods but still lose. The reason for this is they lack the correct mindset to success. Here we will take a look at how to succeed in the forex market by adopting the winning mindset.

1 PASSION AND DESIRE
If you really want to succeed in any thing in life including forex trading, them you must desire success. Forex trading requires effort and if you have the desire to succeed you will acknowledge this and put in the required effort to succeed and avoid mistake the rewards for your effort is indeed life changing.

2. WORK SMART NOT HARD
Making money from forex trading is largely dependent on trading right. If you work smark you can leain to trade in just a few weeks and in under on heir a day, you could be pilling up big consistent profits.

3. CONFIDENCE
Confidence is a vital ingredient needed in forex trading. you need confidence to stick to a particular trading strategy and succeed with it. Forex teachers only give you the tools you need to be successful but you need to learn to trade with them and have confidence in them yourself.

4. DISCIPLINE:
This is the key to success in forex trading, you must trade forex with discipline in order to generate maximum profits.

3 comments:

Orikinla Osinachi. said...

Thanks for your comment on my Gateway To Success blog.

God has given us the power to make wealth for our common benefit.

Cheers and God bless.

lotto said...

Such a nice blog. I hope you will create another post like this.

Online Dollar Man said...

I came to your blog from sunjogs blog and I find it quite interesting, can you please organise a seminar for Abuja guys?

Cheers!

Sylvester