Facts That Nobody Told You About Forex Trading System

1. Some aspects of trading that a lot of people don't want to talk about. Especially some people are trying to sell you expensive trading system. Not many other people in the mainstream Forex world are going to tell you many of the ugly aspects of becoming a trader. Six facts that no one ever told you about. When I began in trading, and that I didn’t read on any Forex trading website. Indeed, the 6 points below are all things I concluded out through good old trial, and in hopes of making your Forex trading journey a little smoother. 1. You don’t have to be unusually smart to trade successfully Maybe one of the biggest misconceptions that most people seem to have about professional traders is that they are smart who have the ability to make money in the markets. But this is really not in the case, in fact, many traders never give up or never finished because being successful trader takes a skill set that is not taught anywhere. In reality, being a successful trader is really more of a psychology-based skill than a technical skill like many people think. You don’t need a university degree to become a profitable trader. What you really need is to make disciplined and patient trading a habit and a part of your daily trading method.

2. So, don’t be confused by the endless amount of complicated trading systems. You need to have emotional intelligence and the ability to control yourself in the presence of constant temptation, but you don’t need a college graduate to be a successful Forex trader. 2. Humans are not naturally good at trading While it is true that some people are naturally better at trading than others, it’s also sure that the habits and mindset we need to pull money out of the markets consistently is not something anyone is born with. We come pre-wired to suck at trading. Fast forward thousands of years. Sitting at in computers trying to multiply our hard-earned money by pushing buttons. We have really only lived in the age of computers and modern technology for about 50 years, and electronic trading on the internet is much newer than that. So, the case is that our mind are basically sending us signals as if we are caveman while we are trading, and this is the reason why we immediately jump back into the market, why we take bigger risks after we hit a big winner or after we get a loss. To overcome that problem, we have to use our most advanced brain areas, the more recently evolved and more adapted to the tasks of planning and holding off near term temptations for larger longer-term profits. You can’t just think you are going to ‘run and gun’ in the markets and have no plan or no idea behind what you are doing. If you do trade in this manner, like a lot of traders, there’s almost a 100% chance that you will be operating off of those flight brain areas instead of your more highly evolved brain areas which require the conscious effort and ‘work’ to make use. 3. Pro Traders Don’t Think In %(Percent) Returns One of the biggest ‘Fact’ of trading is that percent returns don’t really matter. Professional traders are not typically reporting annual performance to a group of shareholders rather they are trading for profit on a month-to-month basis. They withdrawal the money regularly and live off the profit, therefore, their account balance is probably not a reflection of the increasing profits they have made for that year because they will take a lot of profits out of the account.

3. Essentially, pro traders don’t track their account value by how much percent it is up because they take money out of it and the balances fluctuate dramatically from monthly depending on profits and losses that occur. In fact, account size and % returns are very arbitrary in professional retail trading, the important thing is overall risk reward as in how much you risked vs. how much you earned, and that would be the actual measure of performance and a more accurate benchmark to compare one trader to another. Thus, professional traders are always thinking regarding risk reward how much money did I risk last month and how much money did you make? 4. It takes time to become a successful trader Probably you are not going to hear this one from anyone in the mainstream Forex trading world either. Most brokers selling magic-bullet Forex trading really want you to think that trading is easy and you will be pulling a full-time income out of markets. A few traders know who make money in the markets were willing to put in the hours of error to get to the ‘other side’. They were ready to fix their trading problems which very often meant ‘fixing’ their mental problems that preventing them from making money in the markets. As my point of view believes that anyone can be a successful trader if they are willing to work for it. But you have to consciously put the effort to trade when your term is present and to not risk more than you should per trade, and for many Forex traders doing these things consistently is almost difficult. A Trading is not for everyone. If you manage to make a living in the markets, and you never know for sure how much you will make any given month, some people don’t like this uncertainty, and most people don’t. Because of some traders try to set goals to make an exact dollar amount each month. But that not how the market work. you will get to trade to the best of your ability and take what profits you can get. Some months you make a lot of money and some months you might just breakeven or lose a few bit as a pro trader. This are few facts that i explained you about Forex trading system.