The 50/50 Trader - Why He Never Sees Forex Profit!

 Posted: March 17, 2009 | Categories: FX Basics  

Denial is a powerful state of mind. I am always amazed at how many traders feel they are proficient at trading while they do not consistently yield a profit. They make money and then give it right back to the market. It is always the same; when asked a few probing questions, they are adamant they do not need any training or assistance.

Here is the typical dialogue:

"How is your trading going?"
"Okay."
"Are you making money?"
"Sometimes."

Then the story unfolds about one trade that yielded a fantastic profit. Here is always the ending point: Then I made a stupid mistake and gave it all back. I hear it over and over. It has been said, repeating the same actions and expecting different results is insanity. This holds true in forex trading as well. The 50/50 trader makes it and gives it back over, and over, and over.

It is a proven fact that those who obtain training perform better than those who do not. Ongoing training increases performance and pushes people to the next level.

Finally, training that occurs using the real world as a classroom, a form of internship, ensures the individual is correctly applying the techniques.

At The Forex Trading Institute, we offer unlimited forex training for one fee. We train in a real-time market - and we are so confident this process works, we offer a money back guarantee.