The tip enclosed is simple and can make your system become more profitable instantly. Its not accepted wisdom in the Forex community but don't let that worry you most Forex traders lose...
I spoke to a trader the other day who trades his family's portfolio and it's a good few million and we looked at his track record which is outstanding 3 years compound growth of 77% with just 18% maximum drawdown.
What was interesting was how many trades he made per year and it worked out at 9 - That's less than 1 a month!
He is patient and waits for big high odds trades, loads them up and leaves them for weeks or months and makes big profits. This guy proves the point that trading frequency and effort has nothing to do with profits - its accuracy with your trading signals.
Now contrast the trader above with the vast amount of traders, who day trade, scalp or are always in the market and most of these lose hands down. Their trading too much, hitting low odds trades and losing.
Many traders think the more effort they make and the more trades they put in, the more chance they have of winning but this is simply not true, you don't get rewarded for effort you get rewarded for being right.
Also trade short term and you lose - because for example all volatility is random in a day session, that's why you never see a day trader win. Many get fixated with watching all the short term fluctuations in the market, and miss the fact that if you look at any Forex chart, the trends to trade are the ones that last for months or even years, it may not be exciting - but it sure is profitable!
The big high odds trades don't come around all the time but if you are patient, wait for them and hold them you can make a lot more money with less stress.
NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential info on Winning at Forex Trading visit our website at: http://www.learncurrencytradingonline.com
I spoke to a trader the other day who trades his family's portfolio and it's a good few million and we looked at his track record which is outstanding 3 years compound growth of 77% with just 18% maximum drawdown.
What was interesting was how many trades he made per year and it worked out at 9 - That's less than 1 a month!
He is patient and waits for big high odds trades, loads them up and leaves them for weeks or months and makes big profits. This guy proves the point that trading frequency and effort has nothing to do with profits - its accuracy with your trading signals.
Now contrast the trader above with the vast amount of traders, who day trade, scalp or are always in the market and most of these lose hands down. Their trading too much, hitting low odds trades and losing.
Many traders think the more effort they make and the more trades they put in, the more chance they have of winning but this is simply not true, you don't get rewarded for effort you get rewarded for being right.
Also trade short term and you lose - because for example all volatility is random in a day session, that's why you never see a day trader win. Many get fixated with watching all the short term fluctuations in the market, and miss the fact that if you look at any Forex chart, the trends to trade are the ones that last for months or even years, it may not be exciting - but it sure is profitable!
The big high odds trades don't come around all the time but if you are patient, wait for them and hold them you can make a lot more money with less stress.
NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential info on Winning at Forex Trading visit our website at: http://www.learncurrencytradingonline.com
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