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The good news is that anyone can learn to trade Forex and anyone can win but its a fact that most traders lose. Here we will look at how anyone can enter the elite 5% of winners.

95% of traders lose money, do they lose because there not clever enough to win - no, Forex trading is a learned skill and anyone can do it, they lose because they either get the wrong education or have the wrong mindset.

If you want to make money at Forex trading the first fact you need to learn is that you have to make an effort and learn skills. Most traders don't even bother doing this! Their lazy and think a cheap Forex robot or some other sure fire system, will help them win and of course they all lose.

Now, while you have to learn the basics, no other business will reward you so highly in terms of the profits you can make.

To illustrate this point, Richard Dennis a famous trader in the eighties, taught a group of people to trade in just two weeks and they all went on to make millions. These were ordinary people a security guard, a kid just out of school, a office clerk but they all achieved success.

So why did they do so well, when most traders fail? Let's take a look.

Forex trading is simple and you only need a simple system to win. Make your system to clever or complicated and it will simply break, in the brutal world of trading.

Anyone can put together a logical and robust system that can win but that's the easy part of Forex trading. The challenge of Forex trading is to trade with discipline and this is where most traders fail, because they let their emotions get involved.

When you trade Forex, you need to understand that you will face losing periods and they can last a long time. This doesn't mean you can't make money, you can - if your losses are kept small and you run your profits. The fact is most traders can't keep their losses small; As soon as they start to lose they run their losses, change system or quit.

The disciplined trader, accepts losses and knows that to win you have to lose in the short term but so long as you keep these losses small the market will give you big trends to run which will cover these losses and make you a great long term income.

In the experiment we referred to earlier, all the traders said learning the system Dennis taught them was easy but the hard part, was staying disciplined when trading it and it is hard to keep going when the market is making you look stupid and taking your money! If you can stay disciplined though the rewards can be huge.

Discipline comes from a good education and the ability to keep your emotions out of your trading and you can do this if you want to and if you do the rewards can be life changing.

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