May 21, 2007

The Most Important Part of Winning in Forex is Your Reason For Trading

The real secrets of success are very simple but often elusive to most people. Most people are looking at the Forex trading business thinking that the way to succeed has to do with some particular method or strategy. They think it is some kind of indicator or technical analysis formula. And yet it is demonstrated over and over that this has very little to do with whether a person is successful or not. Granted there are some insights and methods that enable a trader to move beyond what the rest of the trading world is doing and get amazing results consistently. But these methods can be demonstrated to 2 people with the same level of intelligence and one will succeed while the other will not. As I mention often and will probably not stop emphasizing it all has to do with positive vs. negative thinking. And part of this driving force that makes the difference lies in the reason why a person is seeking mastery in Forex trading. One person's reason might be, "I want to be able to pay the bills." Or, "I want to show my ex-girlfriend or my father that I really am somebody." Or, "I want to lie on the beach all day having fruity drinks with little umbrellas in them." If you interview many successful people I think you will find that their reasons are different from most people. They have clear and precise reasons and these reasons usually extend beyond themselves to include a desire to serve others or make a meaningful contribution to the world. I believe that the level of success that any person has the potential to reach is directly proportional to the clarity of their reasons why they seek success and the extent to which these reasons include some kind of larger philanthropic impulse. And people who do not have this kind of natural impulse cannot necessarily generate one artificially. It is a natural process that must unfold through some kind of personal development and cannot be put on like a new hat.

Of course that does not mean that no one who is shallow and selfish can make money. But there is a more subtle and hidden aspect of how the natural forces of success and failure operate. Just observe it for yourself and find out if many successful people seem to have this characteristic and if people who make money but do not have this characteristic are really successful. The people throughout history who have achieved greatness of some kind all have this characteristic of having a reason that is big and that extends beyond themselves.

If you are now asking, "What does this have to do with Forex trading?" it is not likely that you will achieve success in the very near future. But if something in this article rings true then perhaps you are already almost there in achieving your goals. If you have this part down already the rest will be easy. Meanwhile if you are interested in learning about the specific methods that are consistently producing maximum results for many people be sure to check out our Forex trading community right here.