Most people who make a go at this demanding
profession of trading fail. And they fail miserably.
This hard, cold reality is due to several reasons,
but I'd like to point out one of the most damaging
of all those reasons. What has guaranteed the
failure of countless trading novices is the inability
to see the difference between a "gamble" and a
"professional trade" .
If you really want to make consistent money in the
forex market, your methods had better be professional
and extremely disciplined. No guess work. If you want
to be entertained, it is better and cheaper to go to
the movies.
Smart trading involves executing a plan. Do you have
a plan? If not, then the hard truth is you are gambling.
Gambling is nothing more than buying or selling with the
hope that you are right. So in my opinion, it is very very
important that you trade smart. Have a plan and execute
that plan. You can never lose sight of this fact: in order
to win this game of forex trading, you must last.
Those who trade smartly last, and those who gamble don't
last.
Every trader must learn to recognize which is which. In
your trading style, are you gamling? Or Are you trading smart?
Education is the Key to your success. Get professionally trained,
and mentored and you will last long in this lucrative profession.