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Monday, March 9, 2009

If you want to succeed at forex trading

If you want to succeed at forex trading then you need to be able to answer the question in this article. If you can't answer it then you are going get wiped out by the markets so here it is...

What's your Trading edge (defined)

Now before you answer this question let me tell you what a trading edge is NOT:

- You have a day trading or forex scalping system

- You think you can predict forex prices

- You think forex moves to a scientific formula

- You have a simulated track record from a vendor you have bought

- You like to buy low and sell high

- You think you can trade expert opinion and news

- You think you are clever

- You think you have a complicated system that can beat the market

Most forex traders think the above will give them a trading edge - but believe any of the above and the market will take all your money and do it quickly.

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