Will I succeed as a Forex Trader?

You may have asked yourself this question or continue to do so. Most likely you have subscribed to the idiotic marketing campaigns which have helped to increase the popularity of forex trading. Unfortunately every moron who has an internet connection and a laptop thinks that they can call themselves a forex trader.

Those even less intelligent have fallen for the forex robot-EA marketing tricks and hope that a piece of software holds the answers to complete their quest in today’s forex market. For starters, successful forex traders do not rely on pathetic forex robots and only use EA’s if they are coded with their own personal trading strategy which they will never sell. In other words do not bother with forex robots as well as EA’s. In case you do not know what EA stands for do yourself a favor and get out of forex altogether.

Calm down guys, I am not here to squash your dreams and hopes. I am here to be realistic with you and there is no place in the forex market for dreams and hopes. Successful forex traders do not rely on hope and luck, they understand what it takes in order to actually succeed long-term and on a consistent base as a forex trader.

Before we go any deeper I have compiled a list of individuals who are almost guaranteed to fail as forex traders and do not stand a chance to succeed:

• Forex traders who have the get-rich-quick mentality
• Forex traders who think they can learn how to trade in a demo account
• Forex traders who are guided by emotions
• Forex traders who follow the masses
• Forex traders who lack discipline as well as patience
• Forex traders who rely on forex robots and EA’s
• Forex traders who do not have enough capital to start trading

The above are just seven types of forex traders who are set-up for failure and if you recognize any of the characteristics mentioned and count them as your own than you may want to seriously reconsider trading currency pairs. I mean, be honest. Most forex traders are not cut out to be successful and will never achieve that status.

So, will you succeed as a forex trader?

Rogue Forex Trader can’t answer that question for you but without knowing anything about you; I would short with an accuracy of 98% which is better than any currency pair can give me. In case you did not understand the reference made you are way out of your league and should turn away now before you have lost your last dime trying to live the dream only a few of us are privileged to realize.