Forex Loser

Make Money by being a Forex Loser

You don't have to have a big success rate to make money trading the Forex market. Most success full traders have failure rates of between fifty and twenty five percent. How frequently would you trade if you knew that you make one thousand dollars for every 100 trades you make in spite of getting forty five percent of those trades wrong?

If you add up all the losses made by a successful trader (in dollar terms) the losses are often much larger than the gains or losses made by an unsuccessful trader. Therefore good Forex traders are not only the bigger winners but also the biggest losers (in dollar terms). Trading activity is sometimes much more important to trying to get a hundred percent record all the time.

There are many explainantion of this. Good traders have accepted the fact that losing is part of Forex trading. They therefore process and accept loses in a very positive way. They are not distracted by loses or become emotionally upset. They view their losses as learning experiences and therefore get great value from loses.

They also know that a trader's success rate is only one of the components to a financially rewarding Forex trading career. They know that to succeed it take a balance of many trading skills and factors. These factors include good money management, a positive and objective trading psychology, how much profit you make on gains, how much you lose on losers.

Using this constructive attitide allows them to trade more often (Not talking about over trading) as they are not distracted by trading psychology problems such as depression and paralysis. They are also more confident at increasing the number of lots traded based on their past successes.