NEWS FUSE

Why is it that very few traders succeed in the operating environment of change, while the vast majority of traders fail to achieve success? Although there is no hard answer to this question , there are some things that will put you one step ahead and will definitely put the odds in your favor.

The main objective of this article is to guide you through some important aspects of Forex trading . But in a different way , instead of what to do or the best way of saying it , tell you what to avoid . Sometimes it is better to identify the main drawbacks of a discipline and isolate them so we have the best results at a certain level of development.

The quest for the Holy Grail

Many traders spend years and years trying to find the Holy Grail of trading. That magic indicator or set of indicators , only known by a few traders , that will make them rich in a short period of time.

Fact: Well , there is no magic indicator , nor a set of indicators that will make anyone rich in a short period of time. The main reason for this is because market changes , every moment is unique. All Forex trading systems will fail from time to time . Our job here is to find a Forex trading system that fits our personality as traders , otherwise the trader will find it difficult to follow .

Looking for easy money

Unfortunately most traders are attracted to the Forex market for this reason. Mainly because of the publicity showing or rather trying to show how easy it is to trade and make money in the Forex market .

Fact: Yes , it's very easy to trade , anyone can. It's so hard as a click . But the second part of it is not so easy . Making money or achieving consistent profitable results is difficult. It requires a lot of education , patience , discipline, commitment , and this list could go to infinite. In short , it is possible to have consistent profitable results , but definitely not easy .
In search of excitement

Some other traders are attracted to the Forex trading market or any other financial market , as I think it is exciting to be a trader.

Fact: Yes , it is exciting to operate in the Forex market. But if this is the main reason why we still are trading in the Forex market , sooner or later you discover the most expensive adventure you have ever known . Do some thought into it .

Do not use money management .

Most traders forget about this important aspect of  Forex trading . They think that it should use money management to achieve consistent profitable results . They totally forget about the risk of operations.

Fact: Money management allows your profits to increase geometrically , but also limits your risk on each trade . Money management tells you how much to risk on each trade. With the money management is a must if you want to achieve your business goals. By using money management ensures that you will be able to tomorrow, next week, month and beyond trade.

They are not Psychology Tuned

This is one of the most underrated when it comes to trading . One of the fundamental principles of financial markets is that the price of each instrument is based on the perception of each individual participant " the crowd. " In other words, the price of each instrument is determined by fear, greed, ego and hope of all traders .

Fact: Being aware of all psychological issues that affect the decisions made by traders will definitely put the odds in your favor.

Lack of education

Education is the foundation of knowledge in each discipline. As lawyers and doctors require several years of college until they get their degree , Forex traders also require long years of study . It is best to have someone with experience to guide you through your trading , since some information could take the wrong way.

Fact: The market teaches us valuable lessons about each individual operation performed. The process of education for a Forex trader could take forever . So , never stop learning . We must be humble about the markets and our knowledge , otherwise the market will prove us wrong .

These are some of the most important barriers every trader faces when trying to trade successfully.

Trading successfully the Forex markets is not an easy task, requires a lot of hard work to make things right , but with the right education , you get closer to your business goals.

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