Making money in Forex is a process and if you aren’t willing to go through the process then chances are you’ll end up never making any real money. Processes sound boring. Being a profitable currency trader is the best recession proof business in the world yet it is so process driven.
The reason why people often don’t make money in Forex is because they are so hell bent on “show me the money” they don’t have the commitment to learn the process of trading successfully. And I am not talking about the signals themselves, I am talking about how to follow a plan, business like, professional and accountable. You won’t find it boring when you start to make more money in a few minutes than some folks work 14 hour days for, but the process is what you need to master, not signal recognition.
The process of just waiting patiently, the process of executing the plan and the process of not getting out until the plan has either won or lost.
If there were two things that currency traders do to ensure their failure, the first is trade too much money and the second thing is they jump in and out of trades constantly.
Quit doing those two things and you will see an improvement in your results. But remember it is up to you and you only.
@chels I know what you mean, its hard to find good help these days. People now days just don’t have the work ethic they used to have. I mean consider whoever wrote this post, they must have been working hard to write that good and it took a good bit of their time I am sure. I work with people who couldn’t write like this if they tried, and getting them to try is hard enough as it is.