In normal life working hard and being clever can often mean you make more money but in Forex trading neither apply or will make you money, just understand the following if you want to win...
Why You don't need to Work Hard
Anyone can learn Forex trading in a few weeks and make money in 30 minutes or less per day. You don't need to work hard you need to work smart get the right Forex education and apply your knowledge with discipline.
It doesn't matter how long you take to generate your trading signal you are judged only on the result.
Many traders work hard, lose and think the more information they have the better and there always swapping systems etc where they should just get one and stick with it.
Why You Don't need to be Clever
It's a fact anyone can learn Forex trading and simple systems work best as the market is based on odds - in fact its very similar to playing poker, you play the odds correctly and win.
Why Keeping it Simple and NOT Working hard is the Right Way
More top traders in the world come from a background of poker than they do mathematics and these guys make a killing - they keep it simple and play the odds and if you do to - you can win.
The Forex markets haven't changed in 50 years and the same ratio of losers to winner's remains, despite all the advances in forecasting and education which leads to an obvious conclusion it doesn't help.
Forex trading is hard because you need the discipline to apply your method and this means keeping losses small as the market hands you a losing period - this is where most traders fail and you need to get the right mindset to succeed.
Its mindset rather than working hard or complicated methods which is the most important trait when seeking Forex trading success.
Work smart, keep it simple and have mental discipline and confidence and you can win at Forex.
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