I’ve used the picture of military training for a very good reason. .
Learning to beat the Forex market is just like the reality of training for battle.
There is a gruelling process of skills training, drills, discipline and “battle hardening” which has to take place.
Soldiers are mentally prepared for tough fighting conditions. Without their mental training they would quickly fail
Let’s leave the military comparison and get right to the shocking revelation.
99% of Forex Traders know nothing about the critical trader’s mind-set.
Nothing
Not a single Forex trader survives the brutalities of the market place without intensive mind training, and the ability to master their own thoughts.psychology..emotions..call it what you want.
What I’m talking about is the single biggest reason why traders fail. Look at the figures from my black ops training program one more time: After only 12 months and out of 293 recruits:
Only 121 still had trading accounts
Only 27 had made a profit.
Only 14 had made more than a 50% return
Only 6 had doubled their accounts or better
I want you to know exactly why these figures are real, and why you will probably NOT be in the the group of 47 who made a profit. Let’s look at this more closely.
“8 Factors which WILL DEFINITELY NOT secure your success as a Forex trader”
Finding a profitable trading system
Trading with a reliable Forex broker
Studying Forex trading books
Participating in Forex forums
Buying Forex E-books (good or bad)
Using professional charting packages
Paying for Forex signal services (even profitable services)
Attending expensive Forex training seminars
Believe it or not, almost every Forex trader (and there are hundreds of thousands of us) has done all or most of the “essential” stuff above. You can check them off your own private list, and you might find I’m right about you as well.
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