If you are thinking of trading Forex, you should consider this key fact before you open an account and its implications; here is your key fact to consider...

95% of traders lose and only a small minority win. So what makes you think you can win?

If you think any of the assumptions below are correct, you will join the losing majority very quickly.

- You will get rich following a cheap Forex Robot

- You will get rich by following a mathematical system for Profit

- Forex prices can be predicted in advance

- You will make money trading online breaking News

- You will make Money because your clever

- You will make money if you work hard

The above are just some of the assumptions which traders make about currency trading and there all wrong! Forex trading success is dependant on a unique combination of method and mindset, most traders can't get both right and that's why they lose. If you want to win, you need to understand the following points.

You need to have a logical simple robust method of trading and this is the easy part of trading.

Many traders like to make their systems complicated and try complicated mathematics but as the markets don't move to mathematics, this is doomed to failure. If you want to win at Forex trading, keep your system simple, base it on trading the odds and the reality of price change. Now let's look at the hard part of Forex trading.

The hard part is money management and trading with discipline, lets look at this in more detail.

If you are trading for big gains, you will experience sharp losses and at some point and you will face a losing period which lasts for weeks. This happens all traders and will happen to you too. You need to cope with these periods, by take your losses quickly and keeping them small. For this you need discipline and this is based on a solid Forex education and confidence.

If you understand the above, you will see that to make money in Forex trading you need to work as much on your mindset as method but if you can get both right, a huge profit opportunity awaits you.

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