Forex Trading Secrets Exposed - 3 Lessons Learnt From Michael Malcolm Walker
Approximately 90% of the part-time tradesmen that I know of desire to become full-time Forex traders in the near future. And they believe to be acknowledged traders one day. That is the dream for most Forex traders. What about you?
In order to persist in the forex trading world and make lots of wealth from the forex market consistently, being a normal forex trader is not good enough – you’ll need to become a trained forex trader. So just what are the intrigues that professional forex traders have that allows them to make lots of money trading forex? I once had a conversation with Michael Malcolm Walker, who is a professional trader at Walker Capital. And he shared with me the 3 puzzles that make trained traders like him so rich:
Secret #1 – Professional Traders are NOT Geniuses- They Frankly Follow an Easy Forex Trading System.
You see it precisely, they are not any smarter than you nor do they possess of any god-like foresight in forex trading. I challenge to say this because I know of some professional forex traders who appear to know nothing in this world and cumbersome in doing other stuff but can be a professional forex trader. Why is that so?
It’s just because they have a strong forex trading system which gives good forex trading signals to help them trade consistently. And what they have to do is to repeat the consistency just by following the trading system. That’s all! And let me leak a little more secret, professional traders use simple forex trading systems instead of what most people thought to be complicated.
Secret #2 – Learn and Work Smart, NOT HARD.
Do you believe that you should learn how to trade forex the hard way and get all the information before you can be successful? Do you think you can master the forex market if you combine all the strategies taught by every forex trading expert? If your answer is yes, you are WRONG! In other businesses, you may get rewarded for all the efforts and time you have put into.
But in forex trading, it’s the right forex trading tutorials and instruction that counts and you are remunerated for being accurate and not for efforts. You will be astounded that victorious traders only follow a winning trading system blindly to build up their trading capital.
Secret #3 – They own Determination, Discipline, Money Management and Mindset for Success
My professional forex trader friend informed me that he would swipe everything aside just to focus on his forex trading. It’s his determination to succeed made him overcome small losses and steep knowledge curves that Michael Malcolm Walker had experienced in the beginning. He emphasized on a huge mistake that a lot of people make is that they are too eager to trade, too eager to make money fast from the forex market.
You need to have the discipline to follow the rules of your forex trading system. Huge capital gains in forex are gathered up over years of persistence and not days, there is no shortcut to riches. He handles his money so well that even 2 or 3 losses in a row can’t affect his profitability much. 1% or even 0.5% of his capital edge per trade is what he is only prepared to risk.
Not everybody can be a trained trader in a short period of time as you need huge capital, but anyone can become successful in forex trading if you learn how to trade forex the professional way.
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