| 43 comments ]

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

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

The search 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 of this is because market changes, every single moment is unique. Every Forex trading system will fail from time to time. Our work here is to find a Forex trading system that fits our personality as traders, otherwise the trader will find it hard to follow it.

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 is to trade and make money in the Forex market.
Fact: Yes, it is very easy to trade, anyone can do it. It is as hard as one click. But the second part of it isn’t that easy. Making money or achieving consistent profitable results is hard. It requires lots of education, patience, discipline, commitment, and this list could go to infinite. In a few words, it is possible to have consistent profitable results, but definitely it is not easy.

Looking for Excitement
Some other traders are attracted to the Forex market or any other financial market because they think it is exciting to be a trader.
Fact: Yes, it is very exciting to trade the Forex market. But if this is the main reason you are still trading the Forex market, sooner or later you will discover the most expensive adventure you have ever known. Do some thinking on it.

Not Using Money Management.
Most traders forget about this important aspect of trading. They think they shouldn’t be using money management until they achieve consistent profitable results. They totally forget about the risk side of trading.
Fact: Money management allows your profits to increase geometrically, but also limits your risk on every single trade. Money management tells you how much to risk on each trade. Using money management is a must if you want to achieve your trading goals. By using money management you make sure you are going to be able to trade tomorrow, the next week, month and the following years.

Not Being Psychology Tuned
This is one of the most underestimated subjects when it comes to trading. One of the main 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 the 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 base of knowledge on every 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 better to have someone experienced to guide you through your trading, since some information could take you in the wrong path.
Fact: The market teaches us invaluable lessons on every single trade made. The process of education for a Forex trader could take for ever. That’s right, we never stop learning. We should 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 no easy task, it requires a lot of hard work to do it right, but with the right education, you will put yourself closer to your trading goals.

43 comments

NYoMaN said... @ February 24, 2009 at 9:37 AM

pro 1
r u a trader?

Oleg said... @ August 20, 2009 at 6:47 PM

Hi! You write interesting posts and your blog is also very nice! I invite you to www.linkfromblog.com - the place where you can find a lot of good opportunities of earning money without paying any commission just for writing posts in your blog.

Anonymous said... @ December 20, 2012 at 4:41 AM

It's going to be finish of mine day, but before ending I am reading this fantastic article to improve my know-how.
My web site - Promo Codes

Anonymous said... @ February 20, 2013 at 6:27 AM

I every time used to study article in news papers but now as I am a user of web therefore from now I am using net for articles or reviews,
thanks to web.

Feel free to surf to my homepage; forex learning

Anonymous said... @ February 20, 2013 at 8:06 AM

Good post. I definitely appreciate this website. Keep writing!


My homepage; how to earn money fast onlineeasy legal ways to make money

Anonymous said... @ February 20, 2013 at 11:29 AM

Every weekend i used to pay a quick visit this site, because i want enjoyment,
for the reason that this this web page conations in fact fastidious funny stuff too.


Feel free to visit my blog; part time jobs online

Anonymous said... @ February 20, 2013 at 11:50 AM

Wow that was odd. I just wrote an incredibly long comment but after I clicked submit my comment didn't show up. Grrrr... well I'm not writing all that over
again. Anyways, just wanted to say great blog!

Feel free to visit my web-site; learn options trading

Anonymous said... @ February 20, 2013 at 12:11 PM

Sweet blog! I found it while browsing on Yahoo News.

Do you have any tips on how to get listed in
Yahoo News? I've been trying for a while but I never seem to get there! Appreciate it

Here is my blog; make money fast online

Anonymous said... @ February 20, 2013 at 1:10 PM

If some one desires expert view concerning blogging and site-building
after that i advise him/her to pay a visit this blog, Keep
up the nice work.

My web site ... work from home jobs

Anonymous said... @ February 20, 2013 at 10:58 PM

I pay a visit daily some blogs and information sites to
read content, however this webpage provides quality
based writing.

Also visit my blog post :: what is the best way to make money

Anonymous said... @ February 21, 2013 at 2:59 AM

Excellent article! We will be linking to this great post
on our site. Keep up the great writing.

Here is my site tips to make fast money
Also see my site - how to make Fast money

Anonymous said... @ February 21, 2013 at 6:30 AM

Hi there, for all time i used to check blog posts here early in the dawn, since i
like to learn more and more.

my page: top penny stocks

Anonymous said... @ February 21, 2013 at 11:15 PM

Howdy! I know this is kinda off topic but I was wondering if you knew where I could get a captcha plugin for my comment form?
I'm using the same blog platform as yours and I'm having problems
finding one? Thanks a lot!

Here is my site :: day trading rulesforex singapore

Anonymous said... @ February 21, 2013 at 11:35 PM

It's very easy to find out any matter on net as compared to books, as I found this paragraph at this website.

My webpage :: how to make extra money online

Anonymous said... @ February 22, 2013 at 9:10 AM

I drop a leave a response when I especially enjoy a article on
a site or I have something to contribute to the discussion.
It is triggered by the fire displayed in the post I looked at.
And after this post "Forex Trade: Main Drawbacks of a Forex Trader".
I was actually excited enough to post a thought :-) I actually do have a couple of
questions for you if you tend not to mind.
Could it be simply me or does it look as if like a few of these comments come across as if they are coming from
brain dead individuals? :-P And, if you are writing on other social sites, I'd like to follow anything fresh you have to post. Would you list every one of your shared pages like your Facebook page, twitter feed, or linkedin profile?

Here is my webpage: how To make money online Fast

Anonymous said... @ February 22, 2013 at 9:16 AM

Quality articles or reviews is the main to interest the
viewers to go to see the website, that's what this web site is providing.

Feel free to visit my web site fast way to make money

Anonymous said... @ February 22, 2013 at 10:26 AM

Great work! This is the kind of information that are meant to be shared across the web.
Disgrace on the seek engines for now not positioning this post higher!
Come on over and consult with my site . Thank you =)

Feel free to visit my blog :: day forex tradingforex deposit bonus

Anonymous said... @ February 22, 2013 at 11:37 AM

hi!,I love your writing very a lot! proportion we keep up
a correspondence extra approximately your article on AOL? I require an expert on this space to resolve my problem.
May be that's you! Having a look ahead to see you.

Feel free to visit my web-site :: fast money cnbc

Anonymous said... @ February 22, 2013 at 2:27 PM

Hi there! This post could not be written any better! Looking at
this post reminds me of my previous roommate! He constantly kept talking
about this. I most certainly will forward this post to him.
Pretty sure he's going to have a good read. Many thanks for sharing!

Also visit my web site ... how to make money online from home

Anonymous said... @ February 25, 2013 at 9:01 AM

Hello everybody, here every person is sharing these experience,
so it's fastidious to read this website, and I used to visit this weblog all the time.

Here is my blog - how to make money online at home

Anonymous said... @ February 25, 2013 at 10:15 AM

I'm not sure why but this website is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I'll check back later and see if the problem still exists.



Also visit my homepage - jobs online work from home

Anonymous said... @ February 28, 2013 at 12:26 AM

Hey! I κnow this is sort of off-toрic but I had to ask.
Does building a well-eѕtablished blog liκe youгs require a masѕiνе amount
work? I am brand new to blogging however Ι do write in my dіaгy еvеrуdаy.

I'd like to start a blog so I can share my experience and views online. Please let me know if you have any recommendations or tips for brand new aspiring bloggers. Thankyou!

Take a look at my weblog; planetside 2 aimbot
my web site :: planetside 2 hacks

Anonymous said... @ February 28, 2013 at 6:33 AM

Very rapidly this site will be famous among all blogging and site-building
viewers, due to it's pleasant articles or reviews

Also visit my web blog :: i need some free money
my web site > i need free money fast

Anonymous said... @ March 2, 2013 at 7:06 AM

My developer is trying to persuade me to move to .
net from PHP. I have always disliked the idea
because of the expenses. But he's tryiong none the less. I've been using WordPress on a number of websites for about
a year and am nervous about switching to another
platform. I have heard fantastic things about blogengine.

net. Is there a way I can import all my wordpress content into it?

Any help would be greatly appreciated!

Here is my blog ... best registry cleaner
Also see my website: best registry cleaner

Anonymous said... @ March 3, 2013 at 10:02 AM

I've learn a few excellent stuff here. Definitely worth bookmarking for revisiting. I surprise how much attempt you set to create one of these excellent informative web site.

Also visit my web-site - how earn money online

Anonymous said... @ March 3, 2013 at 12:30 PM

I am sure this article has touched all the internet users, its really really good post on building up
new web site.

Take a look at my homepage; make easy Money online free
My web site - how do i get free money

Anonymous said... @ March 4, 2013 at 12:41 PM

Exceptional post however I was wondering if you could write a litte more
on this subject? I'd be very thankful if you could elaborate a little bit more. Appreciate it!

Look at my website: free ways to make money online

Anonymous said... @ March 4, 2013 at 12:48 PM

Stunning story there. What happened after?

Good luck!

Here is my webpage; free online money

Anonymous said... @ March 4, 2013 at 1:46 PM

Wow, this paragraph is good, my sister is analyzing these kinds of things,
therefore I am going to inform her.

Here is my website :: make money now online for free

Anonymous said... @ March 6, 2013 at 10:30 AM

Hello! This is my first visit to your blog!

We are a group of volunteers and starting a new project in
a community in the same niche. Your blog provided us valuable information to
work on. You have done a extraordinary job!

Also visit my web blog; best online work from home jobs

Anonymous said... @ March 7, 2013 at 10:40 AM

Hi fantastic website! Does running a blog like this take a large amount of work?
I've very little understanding of coding however I was hoping to start my own blog soon. Anyways, if you have any ideas or techniques for new blog owners please share. I know this is off subject nevertheless I simply needed to ask. Cheers!

Look at my web-site :: free money from obama

Anonymous said... @ March 14, 2013 at 3:23 AM

It's actually very complicated in this busy life to listen news on Television, therefore I only use the web for that reason, and obtain the latest news.

Feel free to surf to my site - make easy money online free

Anonymous said... @ March 14, 2013 at 4:04 AM

Just wish to say your article is as astounding. The clearness
to your post is just cool and i can think you're a professional on this subject. Fine together with your permission let me to seize your RSS feed to keep up to date with drawing close post. Thank you a million and please carry on the rewarding work.

Take a look at my weblog - online photography jobs

Anonymous said... @ March 27, 2013 at 9:04 PM

If you are going for best contents like me, just
pay a quick visit this site daily because it offers quality contents, thanks

my blog post :: armed response Pietermaritzburg

Anonymous said... @ April 4, 2013 at 9:44 PM

I love your blog.. very nice colors & theme. Did you make this website yourself or did you
hire someone to do it for you? Plz respond as I'm looking to design my own blog and would like to find out where u got this from. appreciate it

Feel free to surf to my web page Security

Anonymous said... @ April 4, 2013 at 10:18 PM

What i don't realize is in fact how you're now not actually much more smartly-favored than you
may be now. You're so intelligent. You realize thus significantly in terms of this topic, made me in my view imagine it from a lot of numerous angles. Its like men and women don't seem to be involved until it's one thing to do with Lady gaga! Your own stuffs outstanding. At all times deal with it up!

my web page :: Business Branding And Printing

Anonymous said... @ April 5, 2013 at 12:12 AM

Very good site you have here but I was wondering if you knew of
any discussion boards that cover the same topics discussed here?
I'd really like to be a part of group where I can get suggestions from other experienced people that share the same interest. If you have any recommendations, please let me know. Thanks a lot!

my website - garage equipment supplier

Anonymous said... @ April 5, 2013 at 2:20 AM

Thank you a lot for sharing this with all people you actually recognize what you're talking approximately! Bookmarked. Please also consult with my site =). We can have a link alternate arrangement between us

Also visit my homepage :: mathematics

Anonymous said... @ April 5, 2013 at 2:33 AM

A person necessarily assist to make critically posts I'd state. This is the very first time I frequented your website page and thus far? I surprised with the analysis you made to create this particular publish incredible. Wonderful activity!

Here is my web-site air conditioning Johannesburg

Anonymous said... @ April 5, 2013 at 3:13 AM

What's up colleagues, how is the whole thing, and what you would like to say about this article, in my view its really remarkable for me.

Here is my homepage :: signs Bloemfontein

Anonymous said... @ April 8, 2013 at 5:20 PM

What a stuff of un-ambiguity and preserveness of valuable knowledge regarding unpredicted emotions.


Review my web blog: memperkuat sinyal modem dengan antena yagi parabola mini rakitan

Anonymous said... @ April 8, 2013 at 5:26 PM

Pretty nice post. I just stumbled upon your weblog and wished to say
that I've really enjoyed browsing your blog posts. After all I'll be subscribing to your rss feed and I hope you write again soon!


My web-site; burun ameliyati

Anonymous said... @ June 2, 2013 at 11:22 PM

Thank you for the good writeup. It in fact was a amusement
account it. Look advanced to far added agreeable
from you! However, how can we communicate?


Also visit my website - London Escorts

Post a Comment

Thanks for comment ::OC::