This article is meant to reveal the reason why you should not trade forex. Trading forex has a lot to do with the individual trader. You should not trade forex if you fall into the category below:

1.         If you are too emotional

2.         If you are not disciplined

3.         If you are inconsistent

4.         If your internet connection and computer system is slow

5.         If you have not demo trade for at last 4-6months

If you fall in the above listed category, then you will fail as a forex trader. 

Why? Because you will lose money

Now, let me explain and justify my highlighted points in forex trading

Being Emotional

From my personal experience and research through various forex blogs and discussion  boards, I discovered that even the best forex traders still experience losses. However, my take is that for you to be profitable with this forex trading business the goal is to make sure that your profit is more than your losses e.g. in 30 days ,it’s good to have about 20:10 of profit taking to losses respectively. The message I want to pass across is that forex trading is emotional.

To be profitable trading forex, don’t let your emotion override your trading strategy. So if you notice that the market is going against you, don’t panic, because the market might rebound within some few seconds, you cannot be changing your position up and down, no matter how the market goes, stay intact with your planned strategy. Don’t allow your emotion to control you.

If You Are Not Disciplined

Many successful forex traders have this unique strategy. To some, they might have made up their mind to be making 10pips a day or 20 pips per day. So, no matter how profitable that day or trade might be to them, once they get to that target, they close their trade even when it is crystal clear that thy can still make profit.

Listen carefully and apply this honest strategy, be disciplined with asset realistic target.    If you are not disciplined, then you will lose your money. To me, as discipline is important for successful military operation, it’s also important for a successful forex trading in order to make money online.

If You Are Inconsistent

As punctuality is the soul of business, likewise consistence and continuity is the soul of success. This principle is needed for successful forex trading in order to make money online. If you seem to have a winning strategy, then sick to it, don’t change the winning formula.

If You Have Not Demo To At Last 4-6 Months

Listen, if you lose your money in forex, it’s your money that has gone and not someone’s else money.

It’s important to be patient and learn all the intricate nature of the forex market.

For a newbie or beginner, make sure you demo trade for at least 2-6months. From my personal view, the goal is to make you become familiar with all the forex trading tools and to be able to make ‘consistent profit’. This does not mean that you will not experience losses but the goal is to minimize your losses to have your profit increase. Lastly you need to demo trade to make sure that your profit taking is more than your losses………to be continued.