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Forex Trading is simple, but certainly not easy. It was once famously quoted by the CEO of a world-renowned broker that, if more than 20% of the Forex participants are making profit on a particular trading day, he would be pleasantly surprised. Now, what kind of figure does 20% reflects to the rest of the Forex Traders? Over 80% of our fellow participants in FX Trading is not making any profits overall – day after day. While Forex Trading is relatively easy to grasp, many have encounter extreme difficulty in executing it when it comes to Trading their Live accounts practically? Some experts may have famously coined the phrase – “FX Trading is 70% Psychology”, others have claimed that a completely mechanical Forex Trading Strategy is the only way to banking pips, the rest would have argued that years of experience and a pinch of “intuition” would certainly make a formidable Forex Trader. At Forex Vice, we thought all 3 of these “theories” are correct in their own ways. A successful Forex Trader would indeed require a winning mentality and a mind of steel – one that would remained alert and composed whether on a Roller Coaster ride and smooth sail on the sea. The market is, by all means, unpredictable at best, and thus most successful Forex Trader do possess a calm and focus mind. Additionally, could a trader flourish in a seemingly random Forex market without a reliable system in his arsenal of Forex trading strategies? Definitely not. He would know when is the best time to trade, and what conditions would normally provide him with a better edge. An edge, is all it takes to be profitable with this nasty market afterall. “But market changes”, I hear you say. Of course it does. If you know anything about I-Ching, well, probably you don’t, but as with human beings, and rightly so, the market is never the same. Mechanical rules and a solid mentality would do well, but if a Forex trader and his respective Trading Strategies lack a ability to adapt – to change and react to the trading conditions and longer term trends – he would never be profitable for long. No trading software, or Expert Advisors, in the market could consistently profit from the market in a long run. The market dynamic changes, the market participants and the minds behind the scene changes, the global sentiment changes, everything changes and any Forex trading strategy based strictly on mechanical rules would need to be review and fine-tuned every now and then. Having said that – this is where your trading experience and your pinch of intuition comes in. Forex Trading should be profitable, period. If you haven’t been making decent profits like a thousand other Forex Vice subscribers, you can rely on our Forex Trading Software. Automatically copy our trades to your Trading account and keep your MT4 alive throughout the weekdays. We make 500 pips, you make 500 pips.
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