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What separates the super traders from the vast majority of losers? It’s not education that’s for sure, as many of the worlds best traders don’t have college educations and many don’t even work hard. These traders do do make a lot of money though because they understand what’s needed to win at Forex trading. The first point to keep in mind is that in Forex trading your on your own, you have your destiny in your hands and no one else can lead you to success. The trader who thinks he is going to get rich, by using a cheap Forex robot and make no effort, should stay away from Forex trading because he will lose. You need to take responsibility for your destiny and now lets look at the two key elements the super traders use which helps them make millions. 1.There Systems are Simple and React to Price ChangeOnline, the big buzz word is predicting prices in advance but markets are not predictable and predicting is just guessing and hoping and will see you lose money. Instead of predicting, the best systems trade the reality of price change and there normally simple which makes them more robust than complex ones which have to many elements to break. If you want examples of 2 x simple free systems you can look up – Richard Donchians 4 Week rule and the Turtle Trading method; these systems have both made hundreds of millions of dollars in real time yet, there very easy to understand and apply. 2.Good Money Management is the Key to Success There are many different ways of making money but any successful trader knows that money management is essential and its more than just placing a stop! Money management involves understanding, standard deviation of price, weighting of equity and where to protect and close profits. Most traders think money management takes care of itself but its an art in itself to get it right. You need to not only have a money management system in place you need to be able to trade your method with discipline and keep losses small and most traders have a problem with this they let their emotions get involved and lose – the pro trader knows keeping his emotions out is the only way to win. Becoming a Winner If you want to learn currency trading and win you can and while you may not become a super trader and make millions there is nothing to stop you making a great second income in 30 minutes a day or less.

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