When starting out, people often believe you just need to “bet” on the market as you were betting on horses in order to make it big trading Forex.
Actually, a lot of people never go past this stage, burn 2 or 3 accounts and then come to the conclusion that Forex trading isn’t profitable at all.
If you just bet on something, isn’t it normal that you’ll get random results?
This is why you need a Forex trading system.
Because you don’t want to just “bet” on the markets, you want to use a solid strategy allowing you to earn more than you lose.
In a casino, the systems are built so that, on the long term, machines always bring more money in than they lose.
In Forex trading, you can use any system you want!
Therefore, as long as you use a proven money-making trading system, you will be a winner.
But there is another very important reason why you should use a system to trade Forex: to leave your emotions aside.
You see, when you are facing the market and need to make decisions in a spit of a second, it is very easy to let your emotions take the lead.
You “feel” the trend will continue and think you shall enter the trade now.
In fact, this feeling, if not backed-up by some solid data is nothing more than a “bet” on the market.
However if you have strict rules you follow through every time you take a trade, your decisions are based on data, on a system that has proven to work again and again and again.
Of course no system is right all the time and you will still encounter loses. Sometimes several losses in a row.
This is where it becomes trickier!
You now need to stick with your system, even though you are on the edge emotionally after these few loses.
Just leave your emotions aside and rely on your system.
Forex trading is a long-term game.
Sure you could make some quick bucks here and there. But real, professional traders know it doesn’t happen this way.
You got to keep working with your system, follow the same set of rules in order to become victorious year after year after year.
You got to stick with it.
The system is the only way to make it trading Forex.
Everyone that is successful trading Forex has a system in place. A system he follows religiously.
The system allows you to go from random acts of trading (and random results) to consistently growing your account.
The system allows you to let your emotions aside and trade based on solid data rather than what you “feel”.
Learn to use one or go back to the horse track!