How to Trade Forex – A simple 3 step plan anyone can follow to be successful in forex trading

If you want to know how to trade forex and make big profits when majority of traders are losing then this article will show you how to do it. It is a well known fact that forex trading is a specially learned skill and in this article we will show you how to get the right forex education in 3 easy steps.

The first step should be obvious, but it’s the one that more inexperienced traders don’t see than anyone else and the result is that they get wiped out and that’s this:

1. You must learn skills and gain confidence

Most new traders don’t bother to put in the effort and learn skills, believing that without any effort they will make money by buying a Forex robot. You should consider that 95% of traders lose! If these cheap automatic systems worked, the loser ratio would be far lower, and it’s not.

If you want to win you need to learn the basics and gain confidence in what you’re doing, but you can do it quickly because:

2. Keep your strategy simple

When many traders develop a Forex trading strategy, they think that the more elements they cram in and the more work they put in, the more money they will make, but that’s simply not true. Simple strategies are more effective because they are more robust in the face of ever-changing brutal market conditions. You can get all the forex education you need to trade successfully in a matter of weeks and you’ll be ready to trade, but before you do that, you need to consider the next point:

3. Get the right mindset for success

When you trade forex you will face periods of losses and during these periods you need to cut losses and keep trading your plan. Many traders get frustrated when they lose, letting their emotions play their part and this leads to disaster as they override trading signals and suffer losses. If you want to win, you need to cut your losses to keep your equity intact so you can hit and hold the big trends as they emerge.

You can lose many more trades than you win and still make triple digit profits – if you cut losses quickly and have the courage to take your profits

Anyone can learn how to trade Forex if they get the right education and, just as importantly, adopt the right mindset.