The Right Trading System, i.e a validated Trading System that produces consistent profits The Right Psychology, i.e a Psychology that supports your trading effort towards consistent profits The Right Experience, i.e an Experience that promotes confidence in your Trading System
This probably seems obvious but believe me, it isn't. Contrary to what all Forex Brokers want us to believe, Forex trading is not easy.
We have established that Forex traders and Business owners face pretty much the same problems, but why is it that Forex traders fail to such an astounding degree compared to business owners. The "Three Pillars to Profit" I think explains it all, because most traders that enter the Forex arena are severely lacking in all the three pillars. Would you start a Supermarket if you had only 1 or 2 weeks of experience as a Supermarket clerk? Would you start a business without having any idea about how to generate sales or market your products? If you answered No then you are smart, but this is exactly how many aspiring Forex traders approach their new venture. They don't have a clue of what they are doing.
Not only are Forex traders disregarding the "Three Pillars to Profit", they are doing it with a certain naiveté and Get-Rich-Quick mentality that is just devastating to their success.
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