Forex Illusions - 6 Illusions You Need to See Through to Win

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Milton Ross
6 years ago
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2 Forex Illusions - 6 Illusions You Need to See Through to Win See the Reality & Forex Trading Success can Be Yours! The myth of Forex trading is one which the public believes and they lose and its a whopping 95% of them but the reality is that anyone has the potential to win IF They see the reality of how to achieve Forex trading success. The problem is most traders believe the illusion which is sold to them by vendors of products, banks brokers and news reporters and they lose. I have traded for over 26 years and am no self proclaimed expert who will tell you making money is easy its not. If it were 95% of traders wouldn't lose but the one thing I can tell you from my experience is ANYONE regardless of age or academic ability, can win at Forex and make huge profits. Here I will give you the reality and facts, you need to know to make money fast in Forex and I will also ask a simple question at the end of this report which is the key to success. A Question and an Answer to Lead you to Forex Trading Success... The question at the end of this report and the answer you give, will determine whether you have what it takes, to make big gains trading Forex but before we ask the question, lets look at the illusions of Forex. An illusion is simply : The condition of being deceived by a false perception or belief. What traders believe will make them money in most instances will not and there is a huge industry, selling the illusion of what it takes to be successful but you need to ignore the illusion and see the reality to achieve success. Here are 6 illusions, most traders see and believe which cause them to lose. All is not what it seems in Forex trading and here, are my top six illusions that fool traders The Guru Illusion Roll up Roll up and Follow Me to Riches Online there are a huge amount of services which tell you that you will get rich if you follow someone else. The amount of sure fire systems sold online is huge and they all fail to make money for traders. Most of the people selling these systems sell the idea of following an expert (them) but in most cases they have never traded and just selling greed and easy money.

3 They also ride on the back of dead gurus such as Gann, Elliot or Fibonacci but the reality is these dead gurus are just a good story on how to achieve success and none of them made a living trading. Read William Gallagher's excellent book Winner Takes All for more on the myth of dead gurus it's very funny and a great read. Forex trading is a personal experience and you need to know what your doing to win. You will never follow trading signals with discipline from someone else without knowing what your doing why? Because as soon as the signals start to lose, your confidence will fail and you will over ride the system or stop using it. In 26 years of trading, I have never seen a signal service, make money long term. The trader who wants to win, may learn from others but at the end of the day, he executes his own trading signals. Anyone who says you can make huge gains consistently in Forex without making any effort is - selling the illusion of easy profits with no effort and related to this is the next illusion: 2. The Illusion of Order Science and the Market Going backwards, markets look orderly so we have the mathematics and science illusion. This illusion is where people tell you that markets move to a set order and all you need to do is know the market code and the money will roll in. Furthermore, traders are told you can normally crack the code and get the formula for a few hundred bucks. If there were a way of making money this easily in Forex, the so called code would be worth hundreds of millions of dollars NOT hundreds. The idea of the scientific code is laughable but many new traders believe it and lose money. Think about the definition of scientific formulas and its this: A scientific formula by its very nature, should work ALL the time and there isn't one Forex trading system that works ALL the time, so there is no secret of success Period. Use as much science and mathematics as you want, make a system complicated and clever and all you will do is - spend a lot of effort and time and end up losing money. Forex trading is an odds game and simple systems always beat complex ones. 3. The Broker Illusion They Are Out to Take Your Money Brokers are out to steal your money which is the message that many guru's will sell you but this is not true. Many say that brokers are market makers and they make money when you lose and this is true but they don't need to help traders lose, traders do this all by themselves. Its a fact 95% of traders lose today, lost 50 years ago and will lose 50 years into the future so just like a bookmaker the broker needs to do nothing, as the statistic of there always being 95% who lose their money trading means, he will win long term without doing anything. The system sellers who tell you that you have to trade their system secretly as brokers are frightened of it - are lying. There is no broker anywhere who won't welcome a robot trader because they know, the bulk of

4 systems like individual traders lose money which leads me onto the next illusion which is related to robots. Forex traders blame brokers for their losses a lot of the time but the reality is they don't have a trading strategy which will make money to start with. As the old saying goes: A bad workman always blames his tools 4. The Robot Illusion Robots Big Gains and Low Drawdown Most robot traders promise 100% gains with less than 10% draw down and this appeals to traders who want to make big gains with low risk (don't we all) but you don't make big gains with small draw downs in Forex. If you could get a system that made 100% gains with less than 10% draw down and predict the future then, this would be better than any money manager in the world so how much would a bank or major finance house pay for it managing billions of dollar the answer? A few hundred million would be cheap to them in relation to their profit potential. Robots can make money but they don't make huge gains without draw down and they don't win 90% or more of their trades which is also frequently claimed. The best traders in the world only make money on 30 50% of their trades but still make money long term the idea of big gains, with no effort and no draw down - is an illusion most traders want to believe but its not the reality. 5. The News Illusion The Problem Of Opinions Turn on the news and you will see lots of experts, giving you opinions but that's all they are and in most instances, the experts are wrong. The news reflects what the majority think and what the majority think is always wrong. An expert in building can come and fix your leaking pipe and you have a guaranteed end result but in Forex there is no guaranteed profits from an expert telling you the direction of a currency its just an opinion. Always keep in mind, news is discounted instantly by the market as soon as you hear it, so it can't be traded. Markets are moving to what may happen in the future and traders perception of this, not the news which has just happened. 6 The Responsibility Illusion It's to Hard and Complex I Need Help The myth that Forex trading is hard or complicated is put out by brokers, banks or gurus selling sure fire trading systems. This is just an illusion, to sell services but the reality is - Forex trading is simple to learn and ANYONE, has the potential to make big gains. Forex is one of the few businesses which anyone can learn in a few weeks and build wealth on small stakes quickly. While anyone can do this most traders simply won't make the effort to learn the reality of trading success or take responsibility for their actions. Anyone who has a desire to make money and the motivation to learn can make a great income trading Forex. Building Wealth In Forex - The Reality If you want to win at Forex trading you can but you must understand the reality of what it takes to make money at Forex trading and not fall for the illusions that most traders Believe.

The key to Forex trading success is in the question below Can you answer it correctly? Answer the Question Below Correctly and You Can Make Money Fast in Forex!

5 The key to Forex trading success is in the question below Can you answer it correctly? Answer the Question Below Correctly and You Can Make Money Fast in Forex! My trading edge which will enable me to win is specifically this... (define it) Is that it? You might be saying but if you think about it, 95% of traders lose so an edge is needed to win. Now, many traders think they have an edge but they don't and give the following answers and there all wrong and if you understand the illusions you will know why. Let's take a look at them and then, learn how to get an edge for success. Here are wrong answers first: I have bought a 100 dollar Forex Expert Advisor or Robot and it has good track record on paper so I should win with it I work hard and my effort will be rewarded with profits I am clever and so that is bound to give me an edge I trade breaking news stories and stay on top the market action I am going to use a predictive theory because markets move to a set formula I have a day trading strategy and it gives me low risk low and big profit potential Getting a Trading Edge If you think any of the above gives you a trading edge they don't and you will lose. If you want to win at Forex trading, your trading edge should be based on a simple system, which doesn't predict but trades the reality of price change. In addition, it should not trade random market noise but focus on longer term time frames, have strict money management and trade high odds set ups. Now any trader can do the above and put together a robust system that can win but that's not enough you also need the right mindset. You need to have confidence in what your doing and accept you are responsible for your own financial destiny and furthermore, you are going to have to accept that you will have to face losses, trade through these periods and keep your losses small. Your discipline to execute your trading plan is based on confidence in your edge. It doesn't matter what your edge is all trader's edges have different ones - but it's the factor you believe can lead you to currency trading success, it must be logical and you must have confidence in it. Don't know What Your Trading Edge is?

You don't have one, so continue with your Forex education until you do. When you do get a trading edge and have confidence in it, your all set to trade Forex and get on the road to big profits.

6 You don't have one, so continue with your Forex education until you do. When you do get a trading edge and have confidence in it, your all set to trade Forex and get on the road to big profits. If you want to get an edge you need to get an education and learn Forex trading the right way get a simple system and get confidence in what your doing - so you can trade with discipline it really is that simple. Forex Education For Success Learn Forex Risk Free! If you want to learn Forex trading for yourself and learn a simple method which you can have confidence in, we can help. We can't guarantee profits without effort but you know that's not true anyway but if you have read this far, you know you can win with the right education and mindset. What we can offer is simple techniques, to get the odds on your side which you can have confidence in and also, help you create a disciplined trading plan to lead you to success and best of all You can try our methods RISK FREE:

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