Price action , Candlesticks,Money management and Forex cash flow…SUCESS MANTRA IN FOREX..WHY 95% TRADERS FAIL IN FOREX?

Dec 31 2008

Price action , Candlesticks,Money management and Forex cash flow…SUCESS MANTRA IN FOREX..WHY 95% TRADERS FAIL IN FOREX?

Published by forexissimple at 8:35 am under Business, Economy, Finance, Forex, Forex brokers, Investing, Work from home Edit This

Forex cash flow? …..

Yes what is the way to see the bank accounts filled with cash trading forex?

Its simple.

Here is formula for it

Price action[+candlestick patterns] + Money management = forex success =Forex cash flow

Yes . Both components play a very imporatnt role in making cash flow in forex.

We see that 95% of traders entering forex market with dream to make it big fail .

Yes they fail because they do not know the above formula.

What about those other 5% who succeed?

Nobody seems to ask this question ..

Let me tell you what happens——These 5% are those people who have been among 95% people who fail in there first attempt into the forex.

Yes you heard it right. They are among 95% those who fail in there first attempt. But what they do next is important that takes them to 5% success category . Lets put the things in points.

1] They are determined to make it big.

2]They dont give up. They have Thomas Alva Edison in front of them as idol 9999 attempts and they know next attempt will put them there.

3]They go back and study what went wrong when they went live on real account .

4] They will Go back on demo ,improve there mistakes and will come back.

5] Money management .This is one of the masterkeys in forex.

6]Studying all aspects of forex .

7] Ready plan on TP and stop loss before entering trade.

8] Control over emotions. One more important aspect in success in forex trading.

Oh that doesnt mean they haevnt blown up accounts before they succeed..lol..

Share and Enjoy:

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