2Bull Forex Blog

There are many who say you can make regular profits every single month and its one of the biggest myths of Forex trading. You can make a lot of money but you need to be prepared for the reality of how the Forex markets work to make money…

The Forex markets are moved by humans and humans are not predictable in terms of what they do. This makes Forex a game of odds not certainties and the high odds trades come around but don’t come around regularly.

Think Forex moves to mathematics as many claim?

Well the prove is that if they did, we would all know the price in advance and there would be no market. For a theory to be mathematical it needs to work all the time and there is no such system.

I often see Forex robots which claim they can double your money every month and keep losses under 1% – but this is pure fantasy land. A good Forex trader will aim to make 100% per annum and know losses will be at least 20% at some point and I am talking about the best traders!

The above are great returns – but fact is you have to learn to lose to win.

Losing is the key to Winning

When trading Forex you will have losing periods of weeks or even months, when there are no high odds trades and you need to be patient and wait for them. What separates the winners from the losers is the ability to trade through these inevitable losing periods until they hit a home run and profits come.

The Way to Win

If you think you are going to stroll in and pick up a regular income every month, you are going to be very disappointed because that’s not reality.

Be prepared to take your losses and keep them small and when you see the high odds trades, milk them for all there worth and over the longer term you will make money.

With the right Forex education and mindset, you will see that the only way to win is to manage losing periods with strict money management. Appreciate Forex trading results should be viewed long term and short term losses are a reality but if you deal with them correctly, you will see that you can enjoy currency trading success long term.

Hello to all fellow forex traders and good luck with trading in New Year 2009!!!

I have been involved in Forex Trading for last four years and would like to share my personal experience. It’s been an very challenging and demanding journey so far with mixed experiences.

I lost heavily during initial two years when I was not educated about the dynamics of this volatile and crazy market with no rules. I was at the point of loosing everything as debt was upto my neck. So there was no choice but to say goodbye to trading for time being and focus on improving my financial position.

On self analysis I found that its a myth that forex trading is easy and very simple. It’s a fantasy that with high leverages offered by forex dealers we can make tons of money. But the reality is that its an recepie of disaster and I am sure that most of you will agree with me on this issue.

Then I also realized that I don’t know anything about this markets. I don’t know what are the main factors that drive this market and what are the underlying rules to succeed in it. So I decided to 1st educate myself before making any further financial commitment as I couldn’t afford to loose more.

Believe or not but its a fact that your dealer along with their trading platform also plays an very important role in our success or failure. They never loose as reality is that success rate of retail traders is less than 3% and unfortunately 97% loose their hard earned money which they will never ever be able to regain.

Good Luck to you all!!