Do You Have What It Takes to be A Successful Forex Trader?

Hello Friend, Let me tell you a short story... On a bright morning 3 years ago, two young traders started trading forex. They were pretty much alike, these two young traders: Equally smart, equally hardworking, and equally well-educated. Both had dedicated tons of effort and time in honing their forex trading skills, and both were ambitious to make good profits from forex. Recently, these two young traders met for a chit-chat. They were still pretty much alike, these two traders. Both were happily married, and had two children. Both were still bright, hardworking and dedicated... And their ambitions in forex trading had not died down over the years. But there was a stark difference. One's trading performance was mediocre at best -- In fact, she's struggling to survive in trading. The other? She had left her day job and started trading full time, making enviable profits month after month. What made the difference? This is what we will examine in this series of emails. There are several common traits in successful traders. They might be doing things that unsuccessful or mediocre traders are not doing, or don't even know about. You can learn these and emulate their success! Over the next few days, we will discuss the trading style suitable for you... You'll learn about using discipline as your weapon... continuing education and coaching... your money management... and so on. There is certainly a lot to cover in the next 5 emails! (Ah, somewhere in this series, I will also touch on something that you might not expect from any forex course! It's an important topic, and I'm always puzzled why most coaches mention nothing about it.) As for today, we will start by looking at what's closest to your core -- YOU, as a trader. As a trader, you have to be your own boss. There's no one who manages you... no one to keep you motivated... no one to discipline you... but YOURSELF. You will set your own goals -- professional and personal goals. You will track and evaluate your own performance. You will have to know whether you are "game for it". (How to do that? We have lots of tips in this email series that will help with this.) At the same time, you have to be your own employee too. You are the person who executes the steps to fulfill your goals. It's your responsibility to remove roadblocks that are in your way -- and you are answerable for your successes (and failures). (Don’t worry, we can help with this too!) You need to analyze yourself. You need to know your strengths and weaknesses by heart. You need to figure out a way to leverage your strengths. Understanding ‘YOU’ will be worth it in the end, because it will help you reach your full profit potential as a trader! Does it mean that you have to execute all these on your own? Yes, and no. "Yes", because you have to do most of the work alone. It's not "grunt work" nonetheless! This is a process of self-discovery, and you will enjoy the journey thoroughly. "No", because you don't need to figure all these out on your own. You can easily get yourself educated with the abundant resources available. Or even better, work with a coach who will provide expert perspective and accountability. It's only after you truly understand yourself, that you should determine your trading style. In tomorrow's email, I will provide useful guidance for you on this. Best Regards, Jody Samuels Jody Samuels and The FX Trader's EDGE Team jody@fxtradersedge.com P.S. Getting education and coaching are the most effective way (almost a shortcut!) to get yourself started in forex trading. [Click here to find out about the Forex Foundation Course that I designed for beginners.]( Disclaimer: Trading is risky so only risk capital should be used. [Unsubscribe]( FX Trader's EDGE 3093 Bathurst Street Suite #580 Toronto, Ontario M6A 0A2 Canada (416) 806-5321