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Monday, November 17, 2008

Forex Trading - Become a Winning Forex Trader in Just 2 Weeks!

Forex Trading is not easy and you wouldn't expect it to be with the rewards on offer - but if you can get the right Forex education and mindset, you can become a profitable trader in just 2 weeks. Here's how...

My inspiration for writing this article was an experiment conducted By trading legend Richard Dennis, who taught a group of people with no trading experience to trade in just 14 days and they went on to make $100 million in just a few years!

Ok you may not become as successful as them - but its true that anyone can learn to trade Forex and do it quickly.

To win in Forex is not easy that's why 95% of traders fail - but it doesn't involve working hard or being clever - it involves, working smart and that means avoiding all the myths, getting the right Forex education and more importantly, having the right mindset.

It's a fact anyone can learn Forex trading but most people simply cannot get the right mindset for success and further explanation will make this clearer.

The easy bit first!

Is your method and it should be simple, as simple systems work best and always have, as they are more robust. There is no point in applying complicated methods which break; you don't get rewarded for being clever or complicated in Forex, you get rewarded for having a simple robust system.

My recommendation is to use a long term, trend following, breakout methodology which I have written about in other articles, so look them up.

The Hard Bit!

Is applying your method with discipline.

This means executing your trading method, through periods of losses until you hit profits again and this is hard. You are going to look foolish in a losing period, as the market wrong foots you, again and again and you need to have the confidence in your method to keep going with discipline and keep your emotions out.

This is hard and comes from inner confidence in what you are doing, that's why you cannot buy success from someone else - success comes from within. Of course you can do it - but you need to learn to lose cheerfully and keep your losses small and keep your eyes on the long term and hold your head and keep your emotions in check as you lose.

In around 2 weeks, it's easily possible to become a competent Forex trader and the gurus, who tell you that you have to work hard and keep learning, or follow their systems are dead wrong - you don't.

You just need the right Forex education and a disciplined mindset. Sure it's not easy but anyone can do it and with the huge rewards on offer, its well worth the time and effort TO give you the opportunity to make a great second or even life changing income!

So keep it simple, get the right mindset and you can win.

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Article Source: http://EzineArticles.com/?expert=Kelly_Price

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