These are the simple truths about the Forex market. Truths are usually gained from experience and always cost you more that you bargained for.

• If you trade Forex without a system – you will lose! You need a system and good money management to have an advantage in the market.
• The market is always right. When you win it’s always because you followed the market. Your trade will not affect the market, so why try and go against the trend. “run with the bulls” and “follow the crowd”
• 90% of traders will give their money to the 10% who know what they are doing. The Forex market is a zero sum game. The 10% who know what they are doing will happily take your money – nothing personal. They have no emotion! That is why they are successful!
• The Forex market is $3-trillion a day market driven by the banks. There is a lot of money flowing through the market. The tiniest piece of this pie is enough for your wildest dreams!
• Most traders with a system lose because they over trade. When you over trade, you are not following the rules. You think you can time it better, or, you feel lucky and trade larger positions. You will always get burned.

Happy trading!

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